Market Size of canada sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 291.99 Million |
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Market Size (2028) | USD 365.36 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.76 % |
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Fastest Growing by End User Industry | Building and Construction |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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).
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
- 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.
Understand The Key Trends Shaping This 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.
- 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.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Healthcare | |
| Other End-user Industries |
| Resin | |
| Acrylic | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resins |
Need A Different Region Or Segment?
Canada Sealants Market Size Summary
The Canada sealants market is poised for significant growth, driven by its extensive applications across various industries, particularly construction and automotive. Sealants play a crucial role in the construction sector, which is a major contributor to Canada's GDP, by providing essential functions such as waterproofing, weather sealing, and joint sealing. The surge in residential construction projects is expected to further boost the demand for sealants. In the automotive industry, sealants are vital for their durability and resistance to extreme weather conditions, making them indispensable for use in engines and car gaskets. The rise in electric vehicle production is anticipated to enhance the demand for automotive sealants, given the increasing need for personal mobility solutions.
In addition to construction and automotive, the sealants market in Canada is also supported by growth in the electronics, electrical, and healthcare sectors. Sealants are extensively used in electronics for potting and protecting materials, while in healthcare, they are essential for assembling and sealing medical device parts. The Canadian government's investment in infrastructure and the recovery of the construction market post-COVID-19 are expected to contribute to the market's expansion. Despite challenges such as the semiconductor chip shortage affecting automotive production, the prospects for electric vehicle production remain strong, with significant investments from global manufacturers. The market is characterized by fragmentation, with key players like 3M, Henkel AG & Co. KGaA, and MAPEI S.p.A. leading the industry.
Canada Sealants Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Aerospace
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1.1.2 Automotive
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1.1.3 Building and Construction
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1.1.4 Healthcare
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1.1.5 Other End-user Industries
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1.2 Resin
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1.2.1 Acrylic
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1.2.2 Epoxy
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1.2.3 Polyurethane
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1.2.4 Silicone
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1.2.5 Other Resins
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Canada Sealants Market Size FAQs
How big is the Canada Sealants Market?
The Canada Sealants Market size is expected to reach USD 291.99 million in 2024 and grow at a CAGR of 5.76% to reach USD 365.36 million by 2028.
What is the current Canada Sealants Market size?
In 2024, the Canada Sealants Market size is expected to reach USD 291.99 million.
