Market Size of Canada Protective Coatings Industry
| Study Period | 2017-2027 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2020 |
| CAGR | > 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Protective Coatings Market Analysis
The Canadian Protective Coatings market is expected to reach USD 500 million by the end of this year and is projected to register a CAGR of over 3.5% during the forecast period. The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily in the future.
- Government initiatives and policies for infrastructure development and various industries, such as plastics, pulp, and paper, are expected to fuel market expansion over the projection period.
- The rising trend of a shifting focus toward bio-based coatings is the key market opportunity expected to drive the market in the coming years.
- The infrastructure sector dominated the market and is likely to continue its dominance during the forecast period.
