The market is dominated by domestic suppliers, as imports account for 49.9% of total market size in 2024. B2B drives market demand, with B2B spending representing 85.0% of total demand in 2024. Canada has the ninth largest market size for paints and varnishes across the top 20 developed countries, with demand reaching USD5.3 billion in 2024. Cloverdale Paint Inc is the largest company in Canada, generating 13.9% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 26.6% of total production value in 2024. The total number of companies decreases in 2024, to 579 units. The costs of the industry decrease by 3.6% in 2024, largely driven by declining B2B costs. The industry’s profitability increases and stands at 33.5% of production value in 2024, the highest across the top 20 developed countries. The industry’s exports share decreases in 2024 to 20.4% of total production output. With production value of USD2.5 billion, Canada accounts for 5.0% of the North America total in 2024.
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This Euromonitor industrial report provides unique information on Paints and Varnishes in Canada: ISIC 2422. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Paints and Varnishes in Canada: ISIC 2422 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Chemical Products in Canada report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
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- Is industry’s competitive landscape concentrated or fragmented?
Paints and Varnishes in Canada: ISIC 2422
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MARKET OVERVIEW
Chemical Products
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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