Opportunities Preloader

Please Wait.....

Report

Canada Floor Coatings Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Market Report I 2023-01-23 I 80 Pages I Mordor Intelligence

The Canada Floor Coatings Market is expected to reach USD 200 million by the end of this year and is projected to register a CAGR of 3.5% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily in the future.

Key Highlights
Increasing building and construction activities in the country will likely drive market growth in Canada during the forecast period.
The demand for floor coatings from the industrial sector is expected to dominate the market studied, and it is expected to grow during the forecast period due to the increasing demand from the chemical industry.
On the flip side, strict regulations on VOCs released for floor coatings hinder the market growth.
With the increasing environmental concerns, the rising demand for environment-friendly floor coatings is expected to act as an opportunity to drive the market in the coming years.


Canada Floor Coatings Market Trends

Rising Construction Activities in the Region


The construction sector is a significant contributor to the country's economy, fuelling the demand for the consumption of floor coatings in residential buildings and commercial construction applications.
The construction industry is continuing to grow across Canada, which is expected to increase significantly in the coming years. Owing to the expansion, more high-value and ambitious projects are ongoing in the country, which is further likely to drive the demand for floor coatings.
Some of the ongoing projects include The Vincent Condos project worth USD 150 million. The project involves the construction of a condominium community in Vaughan, Ontario. The project's construction started in Q1 2022 and is expected to be completed in Q4 2024. The project aims to provide a wide range of regional residential, commercial, and retail facilities. Thereby driving the need for floor coatings.
Another ongoing project is the Wellington Sur Le Bassin Condominium Tower worth USD 126 million. The project involves the construction of a 25-story condominium tower comprising 380 units in Montreal, Quebec, and is expected to be completed in Q4 2024. The project aims to provide better residential facilities in the region.
Furthermore, in August 2022, the Government of Canada announced new funding to the Saskatoon John G. Diefenbaker International Airport. The airport is likely to receive nearly CAD 1.7 million from the Airport Critical Infrastructure Programme to expand one of the airport's aprons and to create additional space for the movement of larger aircraft.
Thus, these projects are expected to boost floor coatings consumption in the country in the coming years.


Growing Demand for Floor Coatings in the Industrial Applications


Floor coatings are utilized in industrial applications to boost efficiency by facilitating faster material flow and reducing workplace hazards.
Concrete floors in several industries for instance, in warehouses, assembly plants, etc., are prone to several damages such as damage from harmful chemicals, damage from scratches caused by equipment such as airplanes and forklifts, others. Thus, floor coatings are widely utilized in industry to prevent floors from such damages.
With the rapid industrialization and construction of manufacturing and processing facilities in Canada, the demand for floor coatings in the industries such as food & beverage, automotive assembling, and pharmaceutical industries is likely to be propelled during the forecast peroid.
The slip resistance provided by these coatings to floors help minimize the accidents on work floors. Thus, there is a significant demand for floor coverings in industrial applications due to the growing significance of guaranteeing workplace safety and worker welfare.
Several industrial projects such as Retail, Wholesale, Warehouse construction in the country include, Blair Industrial Business Park Warehouse construction of worth USD 150 million in Cambridge, and others.
Thus, owing to above-mentioned factors, the demand for floor coatings in industrial applications is expected to grow significantly during the forecast period in Canada.


Canada Floor Coatings Market Competitor Analysis

The Canadian Floor Coatings Market is fragmented in nature. Some of the major players in the market include RPM International Inc, AkzoNobel NV, Sika AG, The Sherwin-Williams Company, and PPG Industries Inc., among others (not in particular order).

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Construction Activities
4.2.2 Growing Demand for Floor Coatings in the Industrial Applications
4.3 Market Restraints
4.3.1 Strict Regulations on VOCs Released for Floor Coatings
4.3.2 Other Restraints
4.4 Industry Value Chain Analysis
4.5 Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION (Market Size in Value)
5.1 Resin Type
5.1.1 Epoxy
5.1.2 Acrylic
5.1.3 Alkyd
5.1.4 Polyurethane
5.1.5 Polyaspartics
5.1.6 Other Resin Type
5.2 Floor Material
5.2.1 Wood
5.2.2 Concrete
5.2.3 Other Floor Materials
5.3 End-User Industry
5.3.1 Residential
5.3.2 Commercial
5.3.3 Industrial

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) **/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AkzoNobel NV
6.4.2 ArmorPoxy
6.4.3 Jotun
6.4.4 PPG Industries Inc.
6.4.5 Sika AG
6.4.6 BASF SE
6.4.7 Teknos Group
6.4.8 LATICRETE INTERNATIONAL INC.
6.4.9 CANADIAN FLOOR COATINGS
6.4.10 Western Canada Coatings
6.4.11 PowerCoat Caanda
6.4.12 Grainger Canada
6.4.13 Zeraus Products Inc.
6.4.14 The Sherwin Williams

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Demand for Environment-friendly Floor Coatings

  • Not Sure / Need Reassuring
    • Confirm Content
      • Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:

        Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.

        Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.

        Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.

    • Sample Pages
      • With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.

        It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.

        To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Check for Alternatives
      • Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.

        To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.

  • Prices / Formats / Delivery
    • Prices
      • All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.

        Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Discounts
      • As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.

        Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.

        To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Available Currencies
      • Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.

        Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.

        To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.

    • Licenses
      • License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Global Site License
      • The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.

        It is important to note that this may exclude Parent Companies or Subsidiaries.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Formats
      • The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.

        If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.

    • Delivery
      • Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.

        Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.

        If a delay in delivery is expected you will be informed about it immediately.

    • Shipping Charges
      • As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.

        If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.

  • Ordering
    • By Credit Card
      • We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.

        Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.

        For more information on PayU please visit: https://www.payu.pl/en/about-us

    • By Money Transfer
      • If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.

        With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.

  • Security
    • Website security
      • We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.

        Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.

    • Credit Card Security
      • We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.

        PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.

PLEASE SELECT LICENSE
  • $4750.00
  • $5250.00
  • $6500.00
  • $8750.00
  • ADD TO BASKET
  • BUY NOW