The import of non-aqueous acrylic or vinyl polymer paint or varnish to Canada is forecasted to see a steady increase from 2024 to 2028, starting at $221.84 million in 2024 and reaching $239.0 million by 2028. In 2023, the import value was lower, indicating a positive growth trend. The year-on-year variation highlights incremental growth percentages, reflecting a stable demand in the market. The compound annual growth rate (CAGR) over the 5-year forecast period suggests a consistent annual increase, showcasing the sector's resilience and potential market stability.
Future trends to watch for include:
- The impact of Canada's green initiatives on demand for non-aqueous products.
- Shifts in global raw material availability and their influence on import values.
- Technological advancements and innovations possibly affecting the product demand dynamics.