Not sticking: Sluggish manufacturing recovery and import penetration will slow growth

The Adhesive Manufacturing industry has experienced tentative growth due to patchy global demand. Despite the wide range of uses for industry products, from consumer packaging to construction, demand tends to be cyclical and has rebounded alongside recoveries in consumer spending and construction activity over the past five years. Although industry margins benefited from a recent slide in the price of crude oil, a key input in adhesives, import penetration has hampered profit growth. Despite continued competition from foreign manufacturers, industry revenue is expected to grow in the next five years as the industry's downstream markets continue to strengthen along with the overall more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Industry profit margins have been constrained by rising import penetration
  • Foreign producers are increasingly gaining a foothold in the Canadian market
  • Operators will benefit from stable domestic demand
  • Industry Report - Industry Locations Chapter

    Industry establishments are distributed according to population and industrial activity. Petrochemical manufacturers require a large amount of raw materials, and as a result, locate manufacturing facilities in areas where petroleum production is high, in an effort to reduce transportation costs. In addition, industry operators tend to be located near densely populated areas. Many industry products are popular consumer goods, as larger numbers of people in a given area provide more opportunities for demand and also provide more skilled workers to operate the manufacturing facilities. As a result, 80.6% of establishments are located in the two most densely populated provinces.The most densely populated province in Canada is Ontario, with 38.7% o...purchase to read more.

    Additional Insights for the Adhesive Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Adhesive Manufacturing Industry are

  • Effective cost controls
  • Access to the latest available and most efficient technology and techniques
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Demand from residential building construction and Canadian-dollar effective exchange rate index in the Adhesive Manufacturing industry impact industry performance..

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    What's in this report

    What is the Adhesive Manufacturing Industry?

    This industry 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.

    Industry Products
  • Synthetic resin and rubber adhesives
  • Nonstructural caulking components
  • Natural glues and adhesives
  • Structural sealants
  • Other adhesive components
  • Industry Activities
  • Manufacturing caulking compound (except gypsum base)
  • Manufacturing rubber cement
  • Manufacturing epoxy and mucilage adhesives
  • Manufacturing pipe-sealing compounds and plumbers' putty
  • Manufacturing dextrin and starch glues
  • Manufacturing adhesives (except asphalt, dental and gypsum base)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from residential building construction
  • Canadian-dollar effective exchange rate index
  • Demand from car and automobile manufacturing
  • World price of crude oil
  • Demand from aircraft, engine and parts manufacturing

  • Current Performance
  • Demand rebounds
  • Trade grows
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady demand
  • Environmentally friendly
  • Trade importance grows
  • Table: Adhesive Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Adhesive Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Roofing Contractors in Canada
  • Car & Automobile Manufacturing in Canada
  • Aircraft, Engine & Parts Manufacturing in Canada
  • Home Improvement Stores in Canada
  • Packaging & Labelling Services in Canada

  • Key Selling Industries
  • Petrochemical Manufacturing in Canada

  • Products & Services
  • Synthetic resin and rubber adhesives
  • Nonstructural caulking components
  • Natural glues and adhesives
  • Structural sealants
  • Other adhesive components
  • Chart: Adhesive Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Packaging products
  • Construction sector
  • Electronics and general assembly
  • Woodworking
  • Vehicle assembly
  • Consumer retail (DIY)
  • All Other
  • Chart: Major Market Segmentation for the Adhesive Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Adhesive Manufacturing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Adhesive Manufacturing Industry

  • Industry Globalization
    The 3M Company,
  • Table: The 3M Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Adhesive Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Adhesive Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • World Price of Oil (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A waterproof filler and sealant used in construction and repairs to make components watertight.
  • Thermoplastic
  • A substance, such as resin, which becomes plastic upon hardening after being heated.
  • Volatile Organic Compounds (Vocs)
  • An organic compound that has a low boiling point which causes a high number of molecules to be released into the air, potentially causing pollution.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Adhesive Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Adhesive Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Adhesive Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Adhesive Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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