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.
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.
Coatings extend the life-cycle of Canada’s most critical infrastructure, equipment and consumer products in multiple end-use markets: construction, automotive, oil & gas, mining, wood and metal products, aerospace, machinery, paper, metal containers, coil, transportation equipment and general industrial manufacturing.
The coatings industry strives to provide high performing, chemical-based products in a way that minimizes the risk to human health and the environment. These products are subject to many regulations for the safe use of chemicals for specific markets.
The coatings industry in Canada leads the world in post-consumer paint recycling with a program in every province. In 2017, 28 million kilograms of paint was recycled , enough to paint 2.1 million homes.