New York, Jan. 25, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Canadian Siding Market Report: Trends, Forecast and Competitive Analysis” – https://www.reportlinker.com/p06412306/? utm_source=GNW

    Coating Market Trends and Forecasts
    The future of the Canadian siding market looks bright with opportunities in non-residential and residential construction. The Canadian coating market is expected to reach approximately $4.1 billion by 2027 growing at a CAGR of 5% from 2022 to 2027. The key growth drivers for this market are increasing construction activities, increasing repair and maintenance of building exteriors and an increase in the hospitality industry.
    Canada Coating Market by Material, End Use and Application
    Emerging Trends in the Coating Market
    Emerging trends that directly impact market dynamics include unpainted cellular cladding for exterior walls, smooth finish panel claddings, and increasing adoption of cladding visualizer.

    Coating Market by Segments
    Coating Market by Segment
    In this market, new construction is the largest application segment, while vinyl is the largest material segment. The growth in various segments of the coating market is shown below.

    The study includes the Canadian coatings market trends and forecasts by material, end use, application and territory, as follows:

    Coating Market by Material [Value ($ Million) from 2016 to 2027]:
    fiber cement
    Vinyl
    Metal
    Stucco
    Concrete and Stone
    Brick
    Wood
    Other materials

    Coating Market by End Use [Value ($ Million) from 2016 to 2027]:
    Residential
    Non-residential
    Health care
    Education
    Hospitality
    Retail
    Desk
    Others

    Coating Market by Application [Value ($ Million) from 2016 to 2027]:
    New construction
    Repair and maintenance

    By territory [Value ($ Million) from 2016 to 2027]:
    Quebec
    British Columbia
    alberta
    Ontario
    Others

    List of coating companies
    The companies in the market compete on the basis of the quality of the products offered. The major players in this market are focusing on expanding their manufacturing facilities, R&D investments, infrastructure development and leveraging integration opportunities along the value chain. Through these strategies, coating companies meet growing demand, ensure competitive efficiency, develop innovative products and technologies, reduce production costs and expand their customer base. Some of the major Coatings Companies profiled in this report include-

    Cornerstone Building Marks
    Jacques Hardie
    CertainTeed
    Louisiana Pacific Corporation
    Royal building products

    Coatings Market Overview

    The analyst expects vinyl to remain the most important type of material during the forecast period due to low material and maintenance costs and the availability of a wide variety of colors.
    Within the Canadian siding market, the residential market will remain the largest and fastest growing end-use market during the forecast period due to the growing adoption of energy-efficient homes.
    Ontario is expected to remain the largest market and experience the strongest growth over the forecast period, owing to the growth of the building and construction industry.

    Characteristics of the Canadian Coatings Market

    Market Size Estimates: Estimated size of the Canadian coatings market in terms of value ($M) of shipments.
    Trends and forecast analysis: market trends (2016-2021) and forecasts (2022-2027) by various segments and territories.
    Segmentation Analysis: Size of the Canadian coatings market by various segments, such as material, application, end use and territories in terms of value.
    Regional Analysis: Breakdown of the Canadian coating market by Quebec, British Columbia, Alberta, Ontario and others.
    Growth Opportunities: Analysis of growth opportunities in different materials, applications, end-uses, and territories in the Canada Coatings Market.
    Strategic Analysis: This includes mergers and acquisitions, new product development, and competitive landscape for the Canadian coatings market.
    Industry competitive intensity analysis based on Porter’s five forces model.

    FAQs
    Q1. What is the size of the coating market?
    Answer: The Canadian coatings market is expected to reach approximately $4.1 billion by 2027.
    Q2. What is the growth forecast for the coating market?
    Answer: The coating market is expected to grow at a CAGR of approximately 5% from 2022 to 2027.
    Q3. What are the key drivers influencing the growth of the flooring market?
    Answer: The main growth drivers for this market are increased construction activity, increased repair and maintenance of building exteriors, and the boom in the hospitality industry.
    Q4. What are the major end-use applications or industries of the coating?
    Answer: The residential and non-residential sectors are the primary end-use industries for siding.
    Q5. What are the emerging trends in the cladding market?
    Answer: Emerging trends that directly impact market dynamics include unpainted cellular cladding for exterior walls, smooth finish cladding panels, and increasing adoption of cladding visualizer.
    Q6. What are the main coating companies?

    Answer: Some of the major coating companies are:
    Cornerstone Building Marks
    Jacques Hardie
    CertainTeed
    Louisiana Pacific Corporation
    Royal building products

    Q7.
    What will be the most important coating materials segment in the future?
    Answer: The analyst expects vinyl to remain the most important type of material over the forecast period due to low material and maintenance costs and the availability of a wide variety of colors.
    Q8: In the coatings market, which territory is expected to be the most important in the next 5 years?
    Answer: Ontario is expected to be the largest jurisdiction and experience the strongest growth over the next five years.
    Q9. Are we getting personalization in this report?
    Answer: Yes, the analyst provides 10% customization at no additional cost.

    This report answers the following 11 key questions
    Q1 What are some of the most promising growth opportunities for the Canadian siding market by material (fiber cement, vinyl, metal, stucco, concrete and stone, brick, wood and other materials), end use (residential and non-residential (care health, education, hospitality, retail, office and others)), application (new construction and repair and maintenance) and territory (Quebec, British Columbia, Alberta, Ontario and others)?
    Q.2 Which segments will experience faster growth and why?
    Q.3 Which territory will experience faster growth and why?
    Q.4 What are the major factors affecting market dynamics? What are the drivers and challenges of the Canadian coatings market?
    Q.5 What are the business risks and threats to the Canadian coatings market?
    Q.6 What are the emerging trends in this Canadian coatings market and the reasons behind them?
    Q.7 What are the changing customer demands in the Canadian coatings market?
    Q.8 What are the new developments in the Canadian coatings market? Which companies are leading these developments?
    Q.9 Who are the major players in the Canadian coatings market? What strategic initiatives are being implemented by key players for business growth?
    Q.10 What are some of the competitive products and processes in the Canadian coatings market, and what threat do they pose in terms of losing market share through material or product substitution?
    Q.11 What M&A activity has taken place in the last five years in the Canadian siding market?

    For Any Query Related to Canada Coatings Market or Coatings Manufacturing, Coatings Market, Coatings Market Size, Coatings Market Trends, Coatings Market Research and Coatings Manufacturer, Companies coating market share, coating market analysis, coating market size, write to Lucintel Analyst by e-mail: helpdesk@lucintel.com. We will be happy to answer you soon.
    Read the full report: https://www.reportlinker.com/p06412306/?utm_source=GNW

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