Canada Sealants Market Size
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Study Period: | 2017 - 2028 |
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Largest Share by End User Industry: | Building and Construction |
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Fastest Growing by End User Industry: | Building and Construction |
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CAGR: | 6.33 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Canada Sealants Market Analysis
The Canada Sealants Market is projected to register a CAGR of 6.33%
- Largest Segment by End User Industry - Building and Construction : 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 Segment by End User Industry - Building and Construction : 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 Segment by Resin - Silicone : 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 Segment by Resin - Silicone : 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.
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.| End User Industry | |
| Aerospace | |
| Automotive | |
| Building And Construction | |
| Healthcare | |
| Other End-user Industries |
| Resin | |
| Acrylic | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resins |
Canada Sealants Market Trends
This section covers the major market trends shaping the Canada Sealants Market according to our research experts:
Building and Construction is the largest segment by End User Industry.
- 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.
To understand key trends, Download Sample Report
Canada Sealants Industry Overview
The Canada Sealants Market is moderately consolidated, with the top five companies occupying 47.70%. The major players in this market are 3M, Henkel AG & Co. KGaA, MAPEI S.p.A., RPM International Inc. and SIKA AG (sorted alphabetically).
Canada Sealants Market Leaders
3M
Henkel AG & Co. KGaA
MAPEI S.p.A.
RPM International Inc.
SIKA AG
*Disclaimer: Major Players sorted in no particular order
Canada Sealants Market News
- January 2020: H.B. Fuller Company introduced a new range of Gorilla professional-grade adhesives and sealants for MRO industrial applications.
- April 2019: Dow completed the separation of its Material Science division through a spin-off of Dow Inc.
Canada Sealants Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
3.1. Study Assumptions & Market Definition
3.2. Scope of the Study
3.3. Research Methodology
4. KEY INDUSTRY TRENDS
4.1. End User Trends
4.2. Regulatory Framework
4.3. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
5.1. End User Industry
5.1.1. Aerospace
5.1.2. Automotive
5.1.3. Building And Construction
5.1.4. Healthcare
5.1.5. Other End-user Industries
5.2. Resin
5.2.1. Acrylic
5.2.2. Epoxy
5.2.3. Polyurethane
5.2.4. Silicone
5.2.5. Other Resins
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. 3M
6.4.2. ADFAST Corp.
6.4.3. Arkema Group
6.4.4. Dow
6.4.5. H.B. Fuller Company
6.4.6. Henkel AG & Co. KGaA
6.4.7. Illinois Tool Works Inc.
6.4.8. MAPEI S.p.A.
6.4.9. RPM International Inc.
6.4.10. SIKA AG
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
8.1. Global Adhesives and Sealants Industry Overview
8.1.1. Overview
8.1.2. Porter’s Five Forces Framework
8.1.3. Global Value Chain Analysis
8.1.4. Drivers, Restraints, and Opportunities
8.2. Sources & References
8.3. List of Tables & Figures
8.4. Primary Insights
8.5. Data Pack
8.6. Glossary of Terms
List of Tables & Figures
Figure 1:
CANADA AIRCRAFT DELIVERIES, VOLUME IN UNITS, 2017-2028
Figure 2:
CANADA AUTOMOBILE PRODUCTION, VOLUME IN UNITS, 2017-2028
Figure 3:
CANADA NEW FLOOR AREA, VOLUME IN SQUARE FEET, 2017-2028
Figure 4:
CANADA SEALANTS MARKET, VOLUME, TONS, 2017 - 2028
Figure 5:
CANADA SEALANTS MARKET, VALUE, USD, 2017 - 2028
Figure 6:
CANADA SEALANTS MARKET, BY END USER INDUSTRY, VOLUME, TONS, 2017 - 2028
Figure 7:
CANADA SEALANTS MARKET, BY END USER INDUSTRY, VALUE, USD, 2017 - 2028
Figure 8:
CANADA SEALANTS MARKET, BY END USER INDUSTRY, VOLUME SHARE (%), 2022 VS 2028
Figure 9:
CANADA SEALANTS MARKET, BY END USER INDUSTRY, VALUE SHARE (%), 2022 VS 2028
Figure 10:
CANADA SEALANTS MARKET, AEROSPACE, VOLUME, TONS, 2017 - 2028
Figure 11:
CANADA SEALANTS MARKET, AEROSPACE, VALUE, USD, 2017 - 2028
Figure 12:
CANADA SEALANTS MARKET, AEROSPACE, BY RESIN, VALUE SHARE (%), 2021 VS 2028
Figure 13:
CANADA SEALANTS MARKET, AUTOMOTIVE, VOLUME, TONS, 2017 - 2028
Figure 14:
CANADA SEALANTS MARKET, AUTOMOTIVE, VALUE, USD, 2017 - 2028
Figure 15:
CANADA SEALANTS MARKET, AUTOMOTIVE, BY RESIN, VALUE SHARE (%), 2021 VS 2028
Figure 16:
CANADA SEALANTS MARKET, BUILDING AND CONSTRUCTION, VOLUME, TONS, 2017 - 2028
Figure 17:
CANADA SEALANTS MARKET, BUILDING AND CONSTRUCTION, VALUE, USD, 2017 - 2028
Figure 18:
CANADA SEALANTS MARKET, BUILDING AND CONSTRUCTION, BY RESIN, VALUE SHARE (%), 2021 VS 2028
Figure 19:
CANADA SEALANTS MARKET, HEALTHCARE, VOLUME, TONS, 2017 - 2028
Figure 20:
CANADA SEALANTS MARKET, HEALTHCARE, VALUE, USD, 2017 - 2028
Figure 21:
CANADA SEALANTS MARKET, HEALTHCARE, BY RESIN, VALUE SHARE (%), 2021 VS 2028
Figure 22:
CANADA SEALANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME, TONS, 2017 - 2028
Figure 23:
CANADA SEALANTS MARKET, OTHER END-USER INDUSTRIES, VALUE, USD, 2017 - 2028
Figure 24:
CANADA SEALANTS MARKET, OTHER END-USER INDUSTRIES, BY RESIN, VALUE SHARE (%), 2021 VS 2028
Figure 25:
CANADA SEALANTS MARKET, BY RESIN, VOLUME, TONS, 2017 - 2028
Figure 26:
CANADA SEALANTS MARKET, BY RESIN, VALUE, USD, 2017 - 2028
Figure 27:
CANADA SEALANTS MARKET, BY RESIN, VOLUME SHARE (%), 2022 VS 2028
Figure 28:
CANADA SEALANTS MARKET, BY RESIN, VALUE SHARE (%), 2022 VS 2028
Figure 29:
CANADA SEALANTS MARKET, ACRYLIC, VOLUME, TONS, 2017 - 2028
Figure 30:
CANADA SEALANTS MARKET, ACRYLIC, VALUE, USD, 2017 - 2028
Figure 31:
CANADA SEALANTS MARKET, ACRYLIC, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 32:
CANADA SEALANTS MARKET, EPOXY, VOLUME, TONS, 2017 - 2028
Figure 33:
CANADA SEALANTS MARKET, EPOXY, VALUE, USD, 2017 - 2028
Figure 34:
CANADA SEALANTS MARKET, EPOXY, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 35:
CANADA SEALANTS MARKET, POLYURETHANE, VOLUME, TONS, 2017 - 2028
Figure 36:
CANADA SEALANTS MARKET, POLYURETHANE, VALUE, USD, 2017 - 2028
Figure 37:
CANADA SEALANTS MARKET, POLYURETHANE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 38:
CANADA SEALANTS MARKET, SILICONE, VOLUME, TONS, 2017 - 2028
Figure 39:
CANADA SEALANTS MARKET, SILICONE, VALUE, USD, 2017 - 2028
Figure 40:
CANADA SEALANTS MARKET, SILICONE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 41:
CANADA SEALANTS MARKET, OTHER RESINS, VOLUME, TONS, 2017 - 2028
Figure 42:
CANADA SEALANTS MARKET, OTHER RESINS, VALUE, USD, 2017 - 2028
Figure 43:
CANADA SEALANTS MARKET, OTHER RESINS, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 44:
CANADA SEALANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2019 - 2021
Figure 45:
CANADA SEALANTS MARKET, MOST ADOPTED STRATEGIES, 2019 - 2021
Figure 46:
CANADA SEALANTS MARKET SHARE(%), BY MAJOR PLAYERS REVENUE, 2021
Market Definition
- End-user Industry - Building & Construction, Automotive, Aerospace, Healthcare, and Others are the end-user industries considered under the sealants market.
- Product - All sealant products are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Silicone, and Others are considered
- Technology - For the purpose of this study, One component and Two component sealant technologies are taken into consideration.
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
