Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 4
FROM THE EDITOR
Consumers the
Driving Force
According to the Canadian Paint and
Coatings Association's 2017 Paint and
Coatings Industry Study, the automotive
OEM and refinish markets account for 20
percent of the industry in Canada, second
only to architectural coatings which ring
in at 49 percent.
This is big money and even bigger
opportunity for everyone along the value
chain as automotive refinish coatings
encompass polyurethane, acrylics or
alkyd-based coatings used by vehicle body
shops. Commonly used refinish coatings
include primer, filler, topcoat, basecoat,
and activator or hardener coatings. They
are either solventborne, waterborne or
UV-cured.
Automotive coatings are pegged at $26
billion (U.S.) worldwide and the global
automotive refinish coatings market is
valued at $9.4 billion (U.S.).
The refinish market is expected to
grow at a compound annual growth rate
of approximately four percent from 20212026,
says Researchandmarkets.com.
Analysts looked at the uncertainties
wrought by COVID-19 and cite them
as a major market contributor, with
consumers opting to fix up their current
vehicles versus buying new.
Overall, the growing global automotive
industry represents one of the key factors
creating a positive outlook for the market,
researchers say. They also cite an increase
in accidents and collisions. (They must
be looking at Toronto data!) There is also
a shift in consumer preference toward
customized aftermarket modifications
of vehicles. Automotive refinish coatings
offer improved aesthetic appeal, surface
protection
and
resistance
temperature and corrosion.
to
heat,
THERESA ROGERS
theresa.rogers@cfcm.ca
Additionally, various
product
innovations, such as the development of
environment-friendly
refinish coatings,
are acting as other growth-inducing
factors. These coatings are manufactured
using organic chemicals and have a custom
color, faster cure time and minimal VOC
emissions.
Other factors, including rising
spending power of consumers, along with
the
growing demand for
recreational
vehicles, will keep our foot on the gas of
innovation and drive the market further.
4
Daemar_CFCM_Sep2014_Ad-01_Outlines.indd 1
www.cfcm.ca
8/28/2014 4:20:56 PM
http://www.Researchandmarkets.com
http://www.cfcm.ca
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021
Table of Contents for the Digital Edition of Canadian Finishing & Coatings Manufacturing Magazine November/December 2021
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 1
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 2
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 3
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 4
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 5
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 6
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 7
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 8
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 9
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 10
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 11
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 12
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 13
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 14
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 15
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 16
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 17
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 18
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 19
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 20
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 21
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 22
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 23
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 24
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 25
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 26
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 27
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 28
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 29
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 30
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 31
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 32
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 33
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 34
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 35
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 36
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 37
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 38
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 39
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 40
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 41
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 42
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 43
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 44
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 45
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 46
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 47
Canadian Finishing & Coatings Manufacturing Magazine November/December 2021 - 48
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