Coatings Industry Value Chain
In 2016 Canadian paint and coatings industry shipments were estimated to be $3.2 billion, with a total economic impact of $12.31 billion as shown in the Economic Impact Study, as reflected below. This includes sales of paint at the paint company level and all paint sold into the Canadian market whether or not it is manufactured in Canada or imported into Canada. The market grew at a 4 per cent rate from 2015.
The key segments of the Canadian paint and coatings industry are Architectural, Automotive OEM and Automotive Refinish coatings. These three segments account for nearly 70 per cent of the value of the market. Other key segments include Industrial Maintenance and Protective Coatings (IM & PC), General Industrial, Wood, and Coil.
Paint & Coatings
Driving Economic Value from Raw Material Suppliers
Through to Product Stewardship Initiatives
The Canadian Paint & Coatings Market grew at a rate of 4 per cent since 2015
2016 Canadian Paint & Coatings Market Value
Large chemical companies are vertically integrated in both the raw materials and paint production stages while other companies are strictly producers of paint and coatings. Retailers in the paint and coatings industry are typically hardware stores but other big box retailers have a large paint and coatings segment within their wide range of offerings.