Real Economic Impact on Canada's Economy

Economic Impact Study

The economic impact of the Canadian paint and coatings industry identified in a recent study was categorized into two types of economic impact. The direct impact or the economic impacts resulting from business activity by coatings companies themselves, or the revenue generated by those companies. The indirect impacts take into account the “multiplier” effect of the coatings industry in Canada. When paint and coatings companies procure raw materials, they generate economic activity by their raw material suppliers and distributors. Also, when end-users of paint and coatings buy products, economic activity is generated at the paint store or retail end of the supply chain, generating attractive wages and salaries in the various segments.

Key Findings

CPCA engaged globally renowned consultancy Orr & Boss to conduct an Economic Impact Study of the Canadian paint and coatings industry. It is generally defined as the manufacture and sale of coatings, adhesives, sealants and elastomers or CASE, as it’s commonly known in the industry. The details related to the findings below are outlined in detail throughout the impact study in terms of the direct, indirect and induced benefits for Canada’s economy. The study looks at the total value chain from raw material supply, to the point of sale and the end-users. That value chain included the following: coatings manufacturers, raw material suppliers, paint equipment manufacturers, paint accessories and allied products, freight companies, paint retail stores, end users, body shops, paint applicators and product stewardship.

Your business success matters to us. CPCA members are provided with information on current and future regulations, industry economic statistics, government funding programs for R&D and more, all to support product formulations and profit margins.

Industry Contribution To GDP,
Taxes & Employment

Canada

$4.65B
Total
GDP For Case
$1.74B
Total
Taxes Collected
125,316
Total
Induced Employment

Select Province

$0
GDP (M)
$0
Taxes (M)
0
Employment

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