Canadian Finishing & Coatings Manufacturing - July/August '24 - 13

CPCA CORNER
CoatingsHUB. The WCC quarterly review covers issues
such as engagement at the UN SCE TDG & GHS Summer
Session, continued negotiations on UN Plastics Treaty, WCC
submission to IMO In-Water Cleaning Correspondence
Group, 2024 calendar of regional webinars, and a reminder
of the 2025 World Coatings Summit-to be organised by the
WCC in partnership with Vincentz Network and scheduled
for January 15-17 at the Andaz Singapore with registration
now being open.
Updated CPCA Paint and Coatings Industry Forecast
for Second Quarter 2024
The Orr & Boss current 2024 forecast for the global paint
and coatings market predicts a growth of 1.5 per cent in
volume and 1.1 per cent in value. That is slightly lower than
its previous forecast communicated in Q1 2024. The global
decorative coatings market is expected to grow by 1.8 per cent
in volume and 1.2 per cent in value meanwhile the industrial
coating market will only be rising by 1.1 per cent in both
volume and value. In North America, existing home sales and
housing starts are both down from the 2023 levels and should
both remain flat, as will the industrial paint manufacturing
activity except for the automotive and aerospace sectors.
Detailed paint forecasts are available for all main regions of
the World.
CPCA shared the detailed paint and coatings market
forecast for Canada that is now available for CPCA members
on CPCA's comprehensive regulatory digital database, the
CoatingsHUB.
Canada Passes Law Prohibiting Greenwashing
A new " greenwashing " rule was published at the end of June
casting a chill over communications by Canadian companies-
many of which have scrubbed content from their websites
in response. The fallout has been quick, and analysts have
emphasised potentially crippling constraints on Canadian
cleantech work and innovation in multiple chemical sectors
more broadly.
CPCA alerted members regarding this new legislation
enacted under the federal Omnibus Bill C-59, which appears
to be an inappropriate departure from the established
goals of the Canadian Competition Act. The Act already
includes provisions that address such false or misleading
representations, which require " adequate and proper testing "
for claims about a product's performance.
Ensure Nothing is Missed on Regulatory Compliance
in Canada
For more details on the issues noted above, and many more
over the past month, please review the latest monthly
Regulatory RADAR (Canada and US Edition) with links to
important documents and ongoing actions being taken by
CPCA and its committees on behalf of industry.
Canadian Paint
and Coatings
Association
Association canadienne
de l'industrie de la peinture
et du revêtement
A 'Whole of Industry'
Approach Now Needed
Regulatory pressures are increasing exponentially with real risks for
many CASE products. Action must be taken now to limit negative
impacts on businesses across Canada. The CASE Industry must
mobilize for fair regulations and keep product lines on the shelf.
CPCA is calling on all those who rely on a strong CASE industry
in Canada for all or part of its revenue.
Visit: canpaint.com/membership/a-call-to-industry
for more details.
Trusted Advocacy.
Proven Results.
July/August 2024
13
http://www.canpaint.com/membership/a-call-to-industry
Canadian Finishing & Coatings Manufacturing - July/August '24

Table of Contents for the Digital Edition of Canadian Finishing & Coatings Manufacturing - July/August '24
