Industry Analysis & Industry Trends
Industry revenue growth has steadily recovered since the recession, driven by strong government investments in road and highway construction. Industry profitability also rose on the back of the recovery from the recession and lower domestic crude oil prices. Over the next five years, the industry is projected to grow strongly as downstream demand, particularly from residential construction, picks up... 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