Canada Adhesives Market Size

The Canada Adhesives Market is projected to experience growth driven by its significant application in various industries, including packaging, construction, automotive, and healthcare. The packaging industry predominantly utilizes waterborne adhesives due to their cost-effectiveness and strong bonding capabilities, while the construction sector demands adhesives for diverse applications such as plumbing and flooring, spurred by the rapid expansion of residential projects. The automotive industry also contributes to the market size, with adhesives being essential for their durability and weather resistance in components like engines and gaskets. Additionally, the healthcare sector's increasing investments are expected to boost the demand for adhesives used in medical device assembly and bonding.

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Market Size of canada adhesives Industry

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Canada Adhesives Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2028
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.40 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2028) USD 1.75 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Packaging
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2028) 5.72 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User Industry Footwear and Leather

Major Players

Canada Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Canada Adhesives Market Analysis

The Canada Adhesives Market size is estimated at 1.40 billion USD in 2024, and is expected to reach 1.75 billion USD by 2028, growing at a CAGR of 5.72% during the forecast period (2024-2028).

1.40 Billion

Market Size in 2024 (USD)

1.75 Billion

Market Size in 2028 (USD)

4.36 %

CAGR (2017-2023)

5.72 %

CAGR (2024-2028)

Largest Market by End-user Industry

37.56 %

value share, Packaging, 2023

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In Canada, packaging is the dominant end-user industry owing to a wide range of adhesive applications, including labels, tapes, carton sealing and joining, and laminating.

Fastest Growing Market by End-user Industry

12.63 %

Projected CAGR, Footwear and Leather, 2024-2028

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Due to the increased consumer spending capacity, the demand for residential furniture is increasing. Thus, the woodworking and joinery industry is forecast to be the fastest-growing segment over the coming years.

Largest Market by Technology

28.77 %

value share, Hot Melt, 2023

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In Canada, hot melt adhesives hold the largest share of the market owing to their easy applicability, non-toxic nature, and fast curing process across several industries.

Largest Market by Resin

20.87 %

value share, Polyurethane, 2023

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Polyurethane adhesive is the largest resin-based adhesive owing to its wide applications in woodworking, building construction, and automotive industries, both for exterior and interior applications.

Leading Market Player

27.52 %

market share, Henkel AG & Co. KGaA, 2021

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Henkel AG & Co. KGaA is considered the leading adhesives manufacturer in the market. This can be attributed to the popularity of its products in widespread industries, including building and construction, automotive, aerospace, woodworking, and others.

Fast-paced growth of electric vehicle sales to augment the demand for adhesives

  • Adhesives are majorly consumed in the packaging industry in the country owing to their importance in bonding plastics, metals, and paper & cardboard packaging applications. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength which is required in these applications. It is seen that nearly 48 thousand tons of water-borne adhesives are consumed in the packaging industry of the country during 2021.
  • Adhesives are majorly used in the construction industry in Canada because of their diverse applications, such as assembling prefabricated blocks, plumbing, roofing, and flooring, among others. The construction industry of Canada held 1.7% of the global construction market in 2017 and accounted for more than 7% of the country’s GDP. The rapid growth of residential construction projects in the country is expected to augment the construction adhesives demand in near future.
  • The automotive industry accounts for a decent share of the adhesives market because of their applicability to various surfaces. Moreover, the features that are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting, are expected to create ample scope in the coming years. These are mostly used in engines and car gaskets. Electric vehicle sales are expected to grow at a significant rate of 28% during the period from 2020 to 2030 because of the increase in the need for personal mobility.
  • Adhesives are used in the healthcare industry for applications such as assembling and bonding medical device parts. The increase in healthcare investments in the Canadian market is expected to lead to an increase in their demand in the forecast period.
Canada Adhesives Market

Canada Adhesives Industry Segmentation

Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin.

  • Adhesives are majorly consumed in the packaging industry in the country owing to their importance in bonding plastics, metals, and paper & cardboard packaging applications. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength which is required in these applications. It is seen that nearly 48 thousand tons of water-borne adhesives are consumed in the packaging industry of the country during 2021.
  • Adhesives are majorly used in the construction industry in Canada because of their diverse applications, such as assembling prefabricated blocks, plumbing, roofing, and flooring, among others. The construction industry of Canada held 1.7% of the global construction market in 2017 and accounted for more than 7% of the country’s GDP. The rapid growth of residential construction projects in the country is expected to augment the construction adhesives demand in near future.
  • The automotive industry accounts for a decent share of the adhesives market because of their applicability to various surfaces. Moreover, the features that are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting, are expected to create ample scope in the coming years. These are mostly used in engines and car gaskets. Electric vehicle sales are expected to grow at a significant rate of 28% during the period from 2020 to 2030 because of the increase in the need for personal mobility.
  • Adhesives are used in the healthcare industry for applications such as assembling and bonding medical device parts. The increase in healthcare investments in the Canadian market is expected to lead to an increase in their demand in the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Other End-user Industries
Technology
Hot Melt
Reactive
Solvent-borne
UV Cured Adhesives
Water-borne
Resin
Acrylic
Cyanoacrylate
Epoxy
Polyurethane
Silicone
VAE/EVA
Other Resins
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Canada Adhesives Market Size Summary

The Canada adhesives market is poised for significant growth, driven by its extensive application across various industries such as packaging, construction, automotive, and healthcare. The packaging industry, in particular, is a major consumer of adhesives due to their critical role in bonding materials like plastics, metals, and paper products. Waterborne adhesives are favored for their cost-effectiveness and strong bonding capabilities. The construction sector also relies heavily on adhesives for tasks such as assembling prefabricated blocks and roofing, with the rapid expansion of residential projects further boosting demand. In the automotive industry, adhesives are essential for their durability and weather resistance, especially in the production of electric vehicles, which are expected to see substantial growth. Additionally, the healthcare sector's increasing investments are anticipated to drive further demand for adhesives used in medical device assembly.

The market landscape is moderately consolidated, with key players like 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG holding significant market shares. Recent developments include new product launches and strategic acquisitions aimed at enhancing product offerings and market reach. The Canadian packaging industry, largely fueled by the food and beverages sector, continues to expand, with paper and paperboard production playing a pivotal role. The automotive sector, despite challenges such as the semiconductor chip shortage and past production declines, is expected to recover, particularly with the rise of electric vehicle production. The market's growth trajectory is supported by advancements in plastic recyclability and the burgeoning e-commerce sector, which collectively drive the demand for innovative adhesive solutions.

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Canada Adhesives Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Footwear and Leather

      5. 1.1.5 Healthcare

      6. 1.1.6 Packaging

      7. 1.1.7 Woodworking and Joinery

      8. 1.1.8 Other End-user Industries

    2. 1.2 Technology

      1. 1.2.1 Hot Melt

      2. 1.2.2 Reactive

      3. 1.2.3 Solvent-borne

      4. 1.2.4 UV Cured Adhesives

      5. 1.2.5 Water-borne

    3. 1.3 Resin

      1. 1.3.1 Acrylic

      2. 1.3.2 Cyanoacrylate

      3. 1.3.3 Epoxy

      4. 1.3.4 Polyurethane

      5. 1.3.5 Silicone

      6. 1.3.6 VAE/EVA

      7. 1.3.7 Other Resins

Canada Adhesives Market Size FAQs

The Canada Adhesives Market size is expected to reach USD 1.40 billion in 2024 and grow at a CAGR of 5.72% to reach USD 1.75 billion by 2028.

In 2024, the Canada Adhesives Market size is expected to reach USD 1.40 billion.

Canada Adhesives Market Report Snapshots

Canada Adhesives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028