Canada Sealants Market Size

Canada Sealants Market Analysis

The Canada Sealants Market size is estimated at 291.99 million USD in 2024, and is expected to reach 365.36 million USD by 2028, growing at a CAGR of 5.76% during the forecast period (2024-2028).

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291.99 Million

Market Size in 2024 (USD)

365.36 Million

Market Size in 2028 (USD)

6.41 %

CAGR (2017-2023)

5.76 %

CAGR (2024-2028)

Largest Market by End-user Industry

62.59 %

value share, Building and Construction, 2023

In Canada, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, heat insulation, and glazing.

Fastest Growing Market by End-user Industry

5.70 %

Projected CAGR, Building and Construction, 2024-2028

Building and construction is projected to be the fastest-growing end-user industry segment in the Canadian sealants market due to the increasing number of residential and commercial constructions in the country.

Largest Market by Resin

42 %

value share, Silicone, 2023

Silicone sealants hold the largest share among resin types in the market owing to their wide applications in the building and construction, and automotive industries for both interior and exterior applications.

Fastest Growing Market by Resin

5.99 %

Projected CAGR, Silicone, 2024-2028

Due to their sheer strength and high-impact resistance abilities, silicone sealants are mostly used in construction applications and are, thus, forecast to be the fastest-growing resin segment in the market.

Leading Market Player

12.29 %

market share, RPM International Inc., 2021

RPM International Inc. is the top player in the market owing to its several sealant brand products offered mainly for construction applications and its presence in the country, including manufacturing plants and several sales offices.

Rapidly growing construction, consumer electronics, and medical devices markets in the country to augment the demand for sealants

Canada Sealants Industry Segmentation

Aerospace, Automotive, Building and Construction, Healthcare are covered as segments by End User Industry. Acrylic, Epoxy, Polyurethane, Silicone are covered as segments by Resin.

• Sealants are majorly used in the construction industry in Canada because of their diverse applications, such as waterproofing, weather sealing, crack sealing, and joint sealing. The Canadian construction industry accounted for 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 demand for sealants in the near future.
• The automotive industry accounts for a decent share of the sealants market because of their applicability to various surfaces, such as glass, metal, plastic, and painted surfaces. The features that are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting, are expected to create ample opportunities for sealants over the coming years. These sealants are mostly used in engines and car gaskets. Electric vehicle sales are expected to grow at a significant rate of 28% from 2020 to 2030 because of the increase in the need for personal mobility. This is also expected to boost the demand for automotive sealants over the forecast period.
• Different sealants are widely used in electronics and electrical equipment manufacturing for potting and protecting materials. They are also used for sealing sensors and cables, etc. The consumer electronics market is anticipated to grow at a rate of over 4% over the coming years in Canada and lead to an increase in the demand for sealants during the forecast period. Sealants are used in the healthcare industry for applications such as assembling and sealing medical device parts. The increase in healthcare investments in the Canadian market is expected to increase the demand for sealants in the forecast period.