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TwitterThis statistic displays the industry share of high revenue-growth companies in Canada from 2016 to 2019, by industry. During the period of 2016 to 2019, about 11.5 percent of Canada's construction companies were high-growth based on revenue.
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Canada Protective Coatings Market size was valued at USD 16.24 Billion in 2024 and is projected to reach USD 23.46 Billion by 2032, growing at a CAGR of 4.7% from 2026 to 2032.Key Market DriversInfrastructure Development and Investment: Infrastructure development across Canada has been a significant driver for protective coatings, particularly in bridges, highways, public buildings, and utilities.According to Infrastructure Canada, the Investing in Canada Plan committed over USD 180 billion between 2016 and 2028 for infrastructure projects, with approximately USD 33.5 billion allocated between 2020-2023. Statistics Canada reported that total investment in non-residential building construction reached USD 20.3 billion in Q4 2022, a 12.3% increase from Q4 2021. Growth in Industrial Manufacturing: The expansion of industrial manufacturing facilities, particularly in automotive, aerospace, and heavy machinery sectors, has driven significant demand for protective coatings. These industries require specialized coatings for corrosion resistance, chemical protection, and durability in harsh operating environments.From 2020 to 2022, manufacturing investments in new equipment and facilities increased by 8.7%, with protective coatings representing an estimated 3.2% of these investments.
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In 2024, the Canadian calcareous building stone market decreased by -11.8% to $12M, falling for the third year in a row after two years of growth. Over the period under review, consumption faced a deep slump. Calcareous building stone consumption peaked at $132M in 2016; however, from 2017 to 2024, consumption remained at a lower figure.
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Facebook
TwitterThis statistic displays the industry share of high revenue-growth companies in Canada from 2016 to 2019, by industry. During the period of 2016 to 2019, about 11.5 percent of Canada's construction companies were high-growth based on revenue.