Industry Analysis & Industry Trends
The Asphalt Manufacturing industry has experienced volatile demand over the past five years. As the housing market declined in the wake of the recession, industry manufacturers experienced weakened demand for asphalt products used in construction. Nevertheless, government stimulus spending on infrastructure, including roads and highways, provided short-term relief to the industry. Revenue is expected to grow in 2015, and profit will spike as falling oil prices lower the cost of petroleum-based inputs used in asphalt manufacturing. In the five years to 2015, revenue is expected to continue growing, but will be constrained by fears of a Canadian housing bubble and a slowdown in government spending... purchase to read more
Industry Report - Industry Products Chapter
Industry products are primarily separated into paving material for roads and roofing material for houses.
Asphalt paving mixtures
This product segment is comprised of asphalt paving blocks, asphalt concrete and other non-liquid asphaltic paving material. Asphalt paving blocks and concrete are manufactured by mixing bitumen and crushed rocks. Asphalt concrete and paving material are mostly commonly used in road and highway construction, as well as other heavy infrastructure projects. Over the past five years, demand for asphalt paving mixtures have increased, due to strengthened government funding for infrastructure construction. In 2015, asphalt paving mixtures are expected to account for 36.5% of industry revenue... purchase to read more