Colour retention: Fears of a Canadian housing bubble will weaken industry demand

The Paint Manufacturing industry in Canada produces a variety of paints and industrial coating products that are primarily sold to downstream manufacturing and construction markets. The industry in Canada is mature, with clearly defined paint and coating product lines satisfying well-established consumer and industrial markets. The industry has exhibited poor performance over the past five years. While several downstream industries have performed well over the past five years, industry performance has to some extent been consistent with movements in the price of crude oil. Oil prices were sky high in the years leading up to the reporting more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Industry performance has to some extent been consistent with movements in the price of crude oil
  • A bright spot for the industry has been strong performance in international markets
  • A low CERI is expected to keep demand for Canadian products strong in foreign markets
  • Industry Report - Industry SWOT Analysis Chapter

    The Paint Manufacturing industry in Canada is in the mature stage of its life cycle. Industry value added (IVA), which measures an industry's contribution to the overall Canadian economy, is expected to grow an annualized 0.8% over the 10 years to 2023. During the same period, the Canadian economy is expected to grow an annualized 1.9%. Paint and coating product lines are clearly defined, and the markets to which these products cater are well established and largely saturated with products. Some new or niche paint and coating markets do exist, but these markets' share of total industry revenue do not compare to the revenue share generated by traditional industry markets such as industrial and architectural consumers...purchase to read more.

    Additional Insights for the Paint Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Paint Manufacturing Industry are

  • Effective cost controls
  • Establishment of brand names
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Housing starts in the Paint Manufacturing industry impact industry performance..

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    What's in this report

    What is the Paint Manufacturing Industry?

    Operators in this industry manufacture various paints, timber finishes and other surface coating products to decorate and protect surfaces against wear, weather and corrosion. Key products include paints, varnishes, lacquers, stains, wood fillers, paint thinners and removers. This industry does not manufacture artist’s paint.

    Industry Products
  • Architectural coatings
  • Industrial coatings and finishes
  • Special purpose coatings
  • Industry Activities
  • Manufacturing architectural coatings
  • Manufacturing latex, oil and enamel paints
  • Manufacturing epoxy coatings and wood fillers
  • Manufacturing primers
  • Manufacturing industrial product finishes and motor vehicle paints
  • Manufacturing lacquers, shellac, stains and varnishes
  • Manufacturing paint and varnish removers and thinners
  • Manufacturing polyurethane and powder coatings
  • Manufacturing water-repellent coatings for wood, concrete and masonry
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Housing starts
  • Canadian effective exchange rate index
  • World price of crude oil

  • Current Performance
  • Volatile input costs and downstream demand
  • International trade
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry consolidation
  • Potential setbacks
  • Table: Paint Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Paint Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada
  • Home Improvement Stores in Canada
  • Commercial Building Construction in Canada
  • Remodelling in Canada

  • Key Selling Industries
  • Inorganic Chemical Manufacturing in Canada

  • Products & Services
  • Architectural coatings
  • Special purpose coatings
  • Industrial coatings and finishes
  • Other
  • Chart: Paint Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial
  • Professional contractors and painters
  • Export
  • Do-it-yourself consumers
  • Chart: Major Market Segmentation for the Paint Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Paint Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Paint Manufacturing Industry

  • Industry Globalization
    PPG Industries Inc., The Sherwin-Williams Company,
  • Table: PPG Industries Inc. - financial performance
  • Table: The Sherwin-Williams Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Paint Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Paint Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • World price of crude oil (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Do-It-Yourself (Diy)
  • A method wherein consumers personally create, build and/or design their own projects and products without the assistance of professionals.
  • Original Equipment Manufacturer (Oem)
  • A company that manufactures products or components that a company purchases and retails under the purchasing company's brand name.
  • Pigment
  • A granular solid incorporated into paint to add color, texture or toughness.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Paint Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Paint Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Paint Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Paint Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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