Canada Anti-Corrosion Coating Market Overview, 2029

Canada Anti-Corrosion Coating Market Overview, 2029

Canada's anti-corrosion coating market has a long history and has evolved alongside the country's industrial growth and infrastructure development. The market dates back to the mid-twentieth century, when basic protective coatings were developed for industries such as mining, oil & gas, and manufacturing. The severe Canadian climate, which is characterised by tremendous temperatures and high humidity, has historically required strong corrosion protection solutions. The market's growth was also driven by evolving regulations aimed at lowering volatile organic compounds and improving worker safety. Currently, Canada's anti-corrosion coating market is mature and broad, covering industries such as oil and gas, mining, marine, infrastructure, and manufacturing. The market is distinguished by a significant emphasis on innovation, sustainability, and superior performance. The Canadian Environmental Protection Act (CEPA), which governs the use of dangerous compounds, and provincial restrictions that limit VOC emissions are important market drivers. The Canadian Centre for Occupational Health and Safety (CCOHS) establishes recommendations for worker exposure to chemicals, which influences the development and application of safer coatings. The COVID-19 epidemic has significantly impacted the market. The interruption of supply chains and the temporary shutdown of production facilities resulted in a decrease in demand for anti-corrosion coatings in 2020. However, the market has shown signs of revival, owing to the restoration of industrial activity and increasing investment in infrastructure projects. The pandemic has also emphasised the significance of protective coatings in hospital settings, resulting in increased demand for antimicrobial coatings.

According to the research report ""Canada Anti-Corrosion Coating Market Overview, 2029,"" published by Bonafide Research, the Canada ant-corrosion coating market is anticipated to grow at more than 5% CAGR from 2024 to 2029. The market has been steadily developing, owing to reasons such as ageing infrastructure, increased industrial activity, and rising demand for eco-friendly and high-performance coatings. This expansion is fuelled by government initiatives to invest in infrastructure construction and maintenance, as well as severe rules requiring the use of sophisticated coatings. Several main trends are influencing the market. First, increasing environmental restrictions are driving an increase in demand for environmentally friendly coatings with low or zero VOC emissions. Second, technological breakthroughs are enabling the development of smart coatings with self-healing qualities and real-time corrosion monitoring capabilities. Third, the market is shifting towards water-based and powder coatings because of their environmental friendliness and ease of application. Several prominent players dominate the industry, including worldwide corporations like AkzoNobel, PPG Industries, Sherwin-Williams, and BASF, as well as domestic competitors such as Devoe Coatings and General Paint. These firms provide a diverse range of anti-corrosion coatings targeted to certain industries and place a high emphasis on research and development in order to remain competitive. The Canadian Conservation Institute has worked with a variety of organisations to develop coating solutions for heritage structures. Similarly, the National Research Council of Canada collaborated with industry companies to create better coatings for hostile conditions. In recent years, there has also been a trend of consolidation, with important businesses merging and acquiring to grow their market share and product ranges. This increases competitiveness and fuels market expansion. Also, the growing use of anti-corrosion coatings in renewable energy sectors like wind and solar creates new potential for market players.

In the US anti-corrosion coating market, numerous industries use these coatings to safeguard assets from deterioration and extend their life. Anti-corrosion coatings are required and applied differently in each industry, including construction and infrastructure, oil and gas, industrial, marine, energy and power, and automotive. Among these areas, the Oil and Gas sector now dominates the market for anti-corrosion coatings. This is owing to the sector's massive infrastructure and the difficult settings in which it operates, which require high-performance, corrosion-resistant solutions. Oil and gas operations, which are exposed to hostile chemicals and extreme circumstances, necessitate the use of specialised coatings that provide greater resistance to corrosive substances such as seawater and acids. Industrial coatings are used in a variety of situations, including industrial plants and storage tanks, to protect equipment and infrastructure against wear and chemical exposure. Construction and infrastructure make considerable use of anti-corrosion coatings to protect steel structures, bridges, and buildings from environmental damage. The emphasis is on long-term solutions that can survive severe weather and pollution. Coatings that are extremely resistant to seawater and biofouling are required in marine environments because to their high salinity and moisture content. These coatings must be durable and sustain the integrity of ships and offshore constructions. Coatings are used in the energy and power industries to protect pipelines, storage tanks, and reactors from environmental and operational stressors. This includes both renewable energy installations and traditional power plants. PPG's Amercoat series is frequently utilised in the oil and gas business, whilst Sherwin-Williams' Environlastic coatings are used in the water and wastewater industries. Meanwhile, firms such as GrapheneCA and Oxifree are making headway with novel solutions. GrapheneCA provides graphene-based coatings with superior barrier qualities, whilst Oxifree offers protective coatings that can be used in any environment, including underwater. AkzoNobel's Intersleek line employs biocide-free technology to prevent fouling in marine applications, thereby decreasing environmental effect. PPG's SIGMA AIR PURE is an environmentally friendly coating that collects and neutralises formaldehyde and other indoor air contaminants.

In Canada's anti-corrosion coating market, different types of coatings, including epoxy, acrylic, alkyd, polyurethane, and zinc, play critical roles in protecting assets from corrosion across multiple industries. Currently, the Epoxy and Polyurethane sectors dominate the Canadian anti-corrosion coatings industry. Epoxy coatings are frequently utilised in Canada due to their high adherence, chemical resistance, and durability. They are especially common in the oil and gas and industrial sectors, where they provide strong protection for pipelines, tanks, and equipment exposed to extreme conditions. Acrylic coatings, which are noted for their quick drying time and low VOC content, are popular in the construction and infrastructure industries. They have good weather resistance and flexibility, making them ideal for applications such as bridge and building coatings. Alkyd coatings, which are made from plant oils and resins, are widely utilised in the automotive and industrial sectors due to their low cost and excellent performance in moderate settings. However, their use is declining in favour of more environmentally friendly alternatives. Polyurethane coatings are valued for their high abrasion resistance and flexibility, making them perfect for marine, energy, and power applications. Zinc coatings, commonly employed as primers, offer sacrificial protection to steel structures. They are widely used in construction and infrastructure, where they protect steel rebar and structural steel from corrosion. Zinc-rich primers are renowned for their ability to resist rust even when the topcoat is damaged.

In Canada's anti-corrosion coating market, solvent-based, water-based, and powder coatings all have unique advantages for different applications. Currently, the water-based coatings segment dominates the Canadian market. This transition is being driven by increased environmental restrictions and a greater emphasis on sustainability. Companies like Sherwin-Williams and AkzoNobel are leading the way, providing sophisticated water-based solutions that strike a balance between performance and environmental friendliness. Startups such as EnviroCoat Technologies are developing novel formulations that reduce environmental impact while maintaining great performance. Solvent-based coatings are conventional formulations noted for their high performance and durability. They are commonly utilised in challenging areas such as industrial and marine applications because of their exceptional adherence and durability to harsh chemicals and weather conditions. Water-based coatings have gained popularity due to their minimal environmental effect, including decreased VOC emissions and safer application techniques. They are widely used in the construction and infrastructure industries for applications such as bridge and building coatings, where their quick-drying qualities and simplicity of cleanup are advantageous. Powder coatings are valued for their high durability and efficiency. When applied electrostatically and cured with heat, they provide a strong protective layer that is resistant to chipping, scratching, and fading. Powder coatings are frequently employed in automotive and industrial applications due to their high quality finish and environmental benefits.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Anti-Corrosion Coating market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By End Users
• Construction and Infrastructure
• Oil and Gas
• Industrial
• Marine
• Energy and Power
• Automotive
• Others (Including Aerospace, Defense, etc.)

By Type
• Epoxy
• Acrylic
• Alkyd
• Polyurethane
• Zinc
• Others (Including Fluoropolymer, Ceramic, etc.)

By Technology
• Solvent-based
• Water-based
• Powder coatings
• Others (UV-cured, etc.)

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Anti-Corrosion Coating industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.