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Asphalt Manufacturing in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Asphalt Manufacturing in Canada Market Research Report | NAICS 32412CA | Mar 2016

Through the roof: Housing rebound fuels revenue, but fears of bubble may constrain growth

IBISWorld’s Asphalt 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.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 11-16
-0.5%
Annual Growth 16-21
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Profit
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Employment
4,608
Businesses
103
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 2016, and profit will spike as falling oil prices lower the cost of petroleum-based inputs used in asphalt manufacturing. In the five years to 2021, revenue is expected to slighty contract, constrained by fears of a Canadian housing bubble and a slowdown in government spending... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Asphalt Manufacturing industry is in the mature stage of its life cycle. In the 10 years to 2021, industry value added (IVA), which measures an industry's contribution to the economy, is projected to contract at an annualized rate of 0.3%. Over the same period, Canada's GDP is anticipated to increase an average 1.9% per year. Typically, IVA growth that is slower than that of GDP is indicative of a declining industry. However, asphalt manufacturers exhibit stable product development, slow consolidation and expansion and steady profitability, all of which are characteristics of a mature industry.

Asphalts have long been in use as a waterproofing material. Asphalt pavement, asphalt shingles and other asphalt products are relatively stable technologies... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Asphalt Manufacturing Industry?

This industry manufactures paving and roofing materials, including asphalt and tar-paving mixtures, blocks, roofing cements, coatings and shingles produced from purchased asphaltic materials and coal tar. This industry excludes asphalt paving products directly produced from petroleum refineries.

Industry Products
Asphalt paving emulsionsAsphalt paving mixturesAsphalt shingles Asphalt roof coatings
 
Industry Activities
Manufacturing asphalt paving blocksManufacturing asphalt paving mixturesManufacturing asphalt roofing coatingsManufacturing asphalt shinglesManufacturing asphalt saturated mats and feltsManufacturing asphalt roofing cementsManufacturing undercoating for motor vehicles


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