Fastest Growing Industries by Exports in Canada in 2025

• 1. Adhesive Manufacturing in Canada

  Growth in Exports for 2025: 105.7%

  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 ...

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• 2. Battery Manufacturing in Canada

  Growth in Exports for 2025: 25.0%

  Battery manufacturers in Canada have experienced strong growth over the past few years. There’s growing demand for batteries in various applications, including portable electronics, electric vehicles and renewable energy storage. This has created opportunities for providers to expand their operations and increase production. In the midst of strong long-term revenue growth, recent economic conditions have induced some volatility in the industry. COVID-19 hindered demand from many businesses an...

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• 3. Lubricant Oil Manufacturing in Canada

  Growth in Exports for 2025: 18.0%

  Lubricant oil manufacturers have benefited from price hikes throughout the period. Since most products are based on petroleum, revenue tends to track the price of crude oil. Manufacturers have experienced a mixed bag of results as the price of crude oil has fluctuated drastically. Amid the pandemic, prices fell, pushing revenue down. Even so, since lubricants are used in various industrial applications, essential markets prevented a significant downturn. As the economy recovered and prices su...

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• 4. Glasses & Contact Lens Manufacturing in Canada

  Growth in Exports for 2025: 17.1%

  Glasses and contact lens manufacturers in Canada play a crucial role in providing essential vision correction and protective eyewear, supporting the well-being and productivity of individuals across age groups and demographics. In recent years, consumer spending on eyewear has been rising, driven by increased screen time and a growing number of adults 65 and older requiring more eye care solutions. Despite this, competitively priced imports fill a large portion of this demand, creating challe...

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• 5. Navigational Instrument Manufacturing in Canada

  Growth in Exports for 2025: 11.6%

  Navigational instrument manufacturers have faced a fluctuating landscape over recent years, highlighting both challenges and opportunities. While diverse product lines spanning defence, marine, aerospace, and electronic sectors have provided a cushion against major revenue swings, fierce competition and high production costs have narrowed profit and revenue. As defence spending in Canada increased slightly, benefiting manufacturers, it's worth noting that domestic defen...

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• 6. Concrete Pipe & Block Manufacturing in Canada

  Growth in Exports for 2025: 10.8%

  Manufacturers of concrete pipes and blocks are vital to the construction sector, providing essential materials for residential, commercial and infrastructure projects. Economic trends influence this industry; fluctuations in interest or mortgage rates impact construction financing costs, potentially influencing construction activity and demand for materials. Additionally, the industry's engagement in international trade, particularly with the US, means that broader American economic and polit...

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• 7. Soap & Cleaning Compound Manufacturing in Canada

  Growth in Exports for 2025: 9.1%

  Soap and cleaning compound manufacturers have experienced a varied performance recently, with certain markets significantly impacting their sales. Supermarkets and mass merchandisers continue to be strong avenues, as consumers opt for bulk purchases to combat rising prices. Hygiene standards have also spurred growth in healthcare sales. However, the office building market, plagued by high remote work rates and construction slowdowns, has seen stagnation. Food service establishments face chall...

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• 8. Jewellery Manufacturing in Canada

  Growth in Exports for 2025: 8.7%

  Canadian jewellery production has endured significant volatility in recent years. Fluctuating macroeconomic conditions have directly impacted demand for luxury products. Jewellery revenue jumped in 2020 and 2021. During this time, producers benefited from passing on soaring gold and silver prices to buyers, which, combined with higher significant disposable income gains in 2020, largely supported growing revenue. Although input prices largely continued to grow over the following years, weaken...

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• 9. SUV & Light Truck Manufacturing in Canada

  Growth in Exports for 2025: 7.7%

  Canadian SUV and light truck manufacturers have struggled over the past decade, particularly as automakers move production abroad. High labour costs in Canada have encouraged foreign automakers to shift production to the United States, Mexico and other low-cost regions, diminishing output. However, the remaining passenger vehicle output in Canada has shifted toward increasingly popular SUVs and light trucks, creating some growth opportunities domestically. In particular, pickup trucks have gr...

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• 10. Nonferrous Metal Foundry Product Manufacturing in Canada

  Growth in Exports for 2025: 6.4%

  The nonferrous metal foundry industry is currently navigating a dynamic landscape shaped by fluctuating demand from key sectors, notably the auto manufacturing industry. The shift towards electric vehicles and lightweight materials like aluminum has spurred innovation and investment in casting technologies, aligning the foundries' output with evolving automotive priorities. Despite the promising demand for nonferrous components in aerospace, energy, and consumer goods, the industry faces chal...

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