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 Locations Chapter
Industry establishments are distributed according to population and industrial activity. Asphalt paving products are costly to transport, which provides firms with an incentive to be located near their major markets. An estimated 87.6% of industry establishments are concentrated in the four most populous provinces in Canada. The Northwest Territories do not contain any asphalt manufacturing facilities.
Quebec and Ontario, the two most populous provinces, have 35.7% and 34.8% of industry establishments, respectively. The high population results in greater demand for housing, roads, highway and other infrastructure facilities. Consequently, demand for asphalt paving and asphalt roofing product is particularly high in the two provinces... purchase to read more