Paint, Wallpaper & Supplies - Canada

In Canada, the revenue generated in the Paint, Wallpaper & Supplies market in 2024 amounts to US$3.69bn.
Looking ahead, the market is projected to grow annually by 2.85% (CAGR 2024-2029).
Compared to other countries worldwide, United States leads in terms of revenue generation, with US$52bn in 2024.
When considering the population, per person revenues reach US$94.32 in 2024.
The demand for eco-friendly paint and wallpaper options is on the rise in Canada, driven by the country's strong commitment to sustainability.

Definition:

Paints, Wallpaper & Supplies covers a wide-ranged segment of the DIY & Hardware market. Under paint, this includes all types of paint for interior and exterior usage. Wallpaper refers only to wallpaper and does not include wall tiles or wall panels. Supplies include various products which are related to the paint and wallpaper market, focused mainly on cleaning and repairing walls. The segment does not include painting tools, which are included in the Tools & Machines segment instead.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Paint
Wallpapers
Paint supplies
Wallpaper supplies

Wall tiles
Wall panels
Painting tools

The DIY & Hardware Store market in Canada is seeing negligible growth, impacted by factors such as consumer preference for online shopping and decreased demand for home improvement projects due to the pandemic.

Customer preferences: As more consumers become concerned about the environmental impact of their purchases, there has been a noticeable increase in demand for eco-friendly and sustainable paint and wallpaper options. This trend is influenced by a growing awareness of the negative effects of traditional paint and wallpaper materials on human health and the environment. As a result, DIY and hardware stores are expanding their selection of environmentally-friendly products to cater to this consumer preference.

Trends in the market: In Canada, there is a growing trend of eco-friendly and sustainable options in the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market. This includes the use of natural, non-toxic materials and a shift towards environmentally-friendly production processes. This trend is significant as consumers are becoming more conscious of their impact on the environment and are actively seeking out eco-friendly products. For industry stakeholders, this trend presents an opportunity to tap into the growing demand for sustainable options and differentiate themselves in the market. Potential implications include the need for companies to adapt their production processes and sourcing methods to meet the demand for eco-friendly products.

Local special circumstances: In Canada, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is influenced by the country's extreme weather conditions, leading to a high demand for weather-resistant and long-lasting products. Additionally, the unique bilingual landscape in Canada has also contributed to a diverse range of products and marketing strategies to cater to both English and French-speaking consumers. Furthermore, Canada's strict regulations on environmental sustainability have prompted the market to prioritize eco-friendly and low VOC products, setting it apart from other markets.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Canada is influenced by macroeconomic factors such as economic stability, consumer spending, and government policies. With a strong and stable economy, consumers are more likely to invest in home improvement projects, driving the demand for paint, wallpaper, and other supplies. Additionally, favorable fiscal policies, such as tax incentives for home renovations, can further boost market growth. However, fluctuations in the global economy and trade policies may impact the availability and cost of raw materials used in manufacturing these products, ultimately affecting market performance. As the Canadian population continues to grow and age, there is a growing need for affordable and accessible home improvement solutions, making the paint, wallpaper, and supplies market a promising growth sector in the country.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The global paint and coatings industry is a major subset of the international chemical industry. Coatings refer broadly to any type of covering that is applied to an object's surface for functional or decorative reasons, or both. Paints are a subset of coatings that are also used as a protective coating or as a decorative, colorful coating. In 2023, the global paint and coatings industry was estimated to be valued at some 179.98 billion U.S. dollars. It is forecast that by 2032 the sector’s market value will surpass 255.59 billion U.S. dollars. Market growth is mainly driven by increasing demand in the construction industry, with the automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings markets also driving demand growth.