Canada Adhesives Market Size, Share, Opportunities, And Trends By Type (Water-Based, Solvent-Based, Hot-Melt (EVA, Polyolefin, Polyester, Polyurethane, Rubber), Reactive (Polyurethane, Epoxy, Cyanoacrylate, Modified Acryl, Anaerobic), Others), And By Application (Consumer Applications, Automobiles, Electronics, Medical, Industrial, Woodworking And Plywood, Textiles, Household, Others) - Forecasts From 2024 To 2029

The Canadian adhesives market is expected to grow at a CAGR of 3.31%, reaching a market size of US$1.214 billion in 2029 from US$1.023 billion in 2024.

An increasing number of industries in Canada are utilizing adhesives, and the market's growth is expected to be driven by leading players introducing fresh products. In packaging, construction, household uses, textile, automotive, and medical, among others, the adhesive is applied for different purposes. Thus, the country's adhesive industry grows due to these dependent industries. Due to adhesives being highly efficient at bonding packages made out of plastic, metal, or paper, many adhesives are used by the packaging industry. Therefore, the automotive industry is also poised to dominate the adhesives market as these can be used across various surfaces. Additionally, the automotive sector is anticipated to have a lot of openings in the future because of features like toughness and resistance to severe atmospheric conditions. Given the country's electric vehicle market expansion, adhesives will witness increased use in the automotive industry.

Canada Adhesives Market Drivers:

• Growing demand from the construction industry

Since adhesives have multiple applications, like flooring, roofing, plumbing, and prefabricated block assembly, they are widely used in the Canadian construction industry. In contrast, construction adhesives are expected to rise during the period within rapidly expanding construction projects in the country.

Moreover, the industry is being proactively steered by the country's government. Canada’s Association of Consulting Engineering Companies kicked off an advocacy campaign ahead of the Federal Elections slated for 2021 to lobby the Government to channel more of its infrastructure spending there. The region is expected to experience a rise in adhesive usage since more focus is on civil works.

• Increasing use in the automotive industry

In the automotive industry, various parts such as dashboards, headlights, spoilers, seats, and bumpers use adhesives. In major North American nations like Canada, the automotive industry is growing rapidly primarily due to the increased need for new fuel-efficient vehicles, fast urbanization, and a rise in disposable income. From 2022 to 1,714, for instance, new motor vehicle registrations in Canada increased by 13.4%.

• Increasing demand from the packaging industry

The design and technological aspects of packaging are rapidly expanding to safeguard and improve product longevity and safety. The region's consumers' busier lifestyles, increased spending power, and related factors are driving up demand for quick and portable packaged goods. The region's burgeoning e-commerce sector and the public health movement are expected to fuel the food processing industry's expansion, which will fuel packaging demand in the future.

• Increasing use of water-based adhesives

Water-based adhesives, which are non-flammable and safe, are in high demand because they are easy to handle and store. Manufacturers love these glues because they are environment-friendly and safe. In addition, solvent-based adhesives are in high demand in different fields because they are of different kinds and have a unique performance advantage. An organic solvent like acetone, toluene, or ethyl acetate is the primary carrier of this adhesive. These solvents allow the adhesive elements to dissolve and make it easier for them to be applied.

Canada Adhesives Market Restraint:

• Excessive amounts of chemicals used in the production of adhesives and sealants is hampering market growth.

Adhesives and sealants release copious amounts of chemical fumes, which are toxic and dangerous to breathe in. As such, the restrictions placed on their use are getting stricter. In addition, manufacturing companies are becoming increasingly concerned about the environment and consumer health due to their growing awareness. The rules governing the use of products are getting more stringent, which hampers its market growth.

Canada Adhesives Market Developments:

• In April 2024, VPF, a livestock specialist, added HM302, a new high-bonding hotmelt adhesive based on organic rubber, to its adhesive portfolio. Compared to all previous VPF adhesives, it has a higher initial tack, is mineral oil-free, bio-based, and has a certified organic content of at least 45%. It also has a low carbon footprint. A special adhesive with high adhesive strength and a low carbon footprint was the goal of the drawn-out development process. The HM302 is readily processable and die-cuttable, and it provides a high initial tack to a glass of more than 40 N / 25 mm.
• In April 2022, Plexus MA8105, the newest adhesive from ITW Performance Polymers, has a wide range of adhesion, fast room-temperature curing, and excellent mechanical properties. MMA structural adhesives have several advantages over other adhesives, including quick curing at room temperature, superior mechanical qualities, and a wide range of adhesion. Although they can bond a wide variety of materials, older MMA adhesives have trouble adhering to tough semi-crystalline plastics like polyamides (nylons) or "difficult to bond" metals like hot-dipped galvanized steel. 
• In February 2022, the Performance Adhesives division of Ashland was fully acquired by Arkema Group. Ashland is a US leader in the world of high-performance adhesives. Ashland Performance Adhesives is a significant player in pressure-sensitive adhesives, particularly in decorative, protective, and signage films for automobiles and buildings, thanks to its broad range of important technologies and well-known brands. In addition, it is a market leader in structural adhesives and provides a wide variety of adhesives for flexible packaging.

Canada Adhesives Market Scope:

Report Metric	Details
Canada Adhesives Market Size in 2024	US$1.023 billion
Canada Adhesives Market Size in 2029	US$1.214 billion
Growth Rate	CAGR of 3.31%
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segmentation	Type Application
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Canada Adhesives Market	3M Canada Arkema Group H.B. Fuller Canada Holding Co. Henkel AG & Co. KGaA Sika AG
Customization Scope	Free report customization with purchase

 

Canada Adhesives Key Market Segmentation:

Canada's adhesives market is segmented and analyzed as below:

• By Type
  • Water-Based
  • Solvent-Based
  • Hot-Melt
    • EVA
    • Polyolefin
    • Polyester
    • Polyurethane
    • Rubber
  • Reactive
    • Polyurethane
    • Epoxy
    • Cyanoacrylate
    • Modified Acryl
    • Anaerobic
  • Others
• By Application
  • Consumer Applications
  • Automobiles
  • Electronics
  • Medical
  • Industrial
  • Woodworking and Plywood
  • Textiles
  • Household
  • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. CANADA ADHESIVES MARKET BY TYPE

5.1. Introduction

5.2. Water-Based

5.3. Solvent-Based

5.4. Hot-Melt

5.4.1. EVA

5.4.2. Polyolefin

5.4.3. Polyester

5.4.4. Polyurethane

5.4.5. Rubber

5.5. Reactive

5.5.1. Polyurethane

5.5.2. Epoxy

5.5.3. Cyanoacrylate

5.5.4. Modified Acryl

5.5.5. Anaerobic

5.6. Others

6. CANADA ADHESIVES MARKET BY APPLICATION

6.1. Introduction

6.2. Consumer Applications

6.3. Automobiles

6.4. Electronics

6.5. Medical

6.6. Industrial

6.7. Woodworking and Plywood

6.8. Textiles

6.9. Household

6.10. Others

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

7.1. Major Players and Strategy Analysis

7.2. Market Share Analysis

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Competitive Dashboard

8. COMPANY PROFILES

8.1. 3M Canada

8.2. Arkema Group

8.3. H.B. Fuller Canada Holding Co.

8.4. Henkel AG & Co. KGaA

8.5. Sika AG

8.6. Tremco Canada Division

8.7. Technical Adhesives Limited

3M Canada

Arkema Group

H.B. Fuller Canada Holding Co.

Henkel AG & Co. KGaA

Sika AG

Tremco Canada Division

Technical Adhesives Limited