Bonding time: Evolving technology and continued specialization will drive new product development
Canadian adhesive manufacturers produce adhesives, glues, sealants and caulking components. These products have many uses, ranging from 3M's Post-it notes to roof shingling. The industry will expand through 2023, despite the pandemic forcing all nonessential businesses to shut down to help mitigate the spread. Also, declining residential and nonresidential construction value, one of the largest markets for adhesives, has constrained demand. Overall, revenue will expand at an expected CAGR of 1.1% to $1.0 billion through 2023, despite a 7.3% decrease in 2023 as interest rates constrain demand from construction markets.
The Adhesive Manufacturing industry in Canada manufactures adhesives, glues and caulking compounds. Adhesives are materials that are initially fluid or semifluid, but solidify when placed between two opposing solid materials. They bond to the surfaces to which they are applied and prevent joint movement. This industry excludes asphalt, dental and gypsum-based adhesives.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The 3M Company
- HB Fuller Company
Methodology
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