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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 2015

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

IBISWorld’s Asphalt Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 10-15
2.5%
Annual Growth 15-20
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Profit
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Employment
4,688
Businesses
104
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 - Starting a New Business Chapter

The Asphalt Manufacturing industry has medium barriers to entry. The primary barrier to entry is the cost associated with establishing a plant and securing necessary financing. The availability of such funds depend on many factors, including regulation on lending and borrowing and business prospects. A new high-output plant costs in the range of $4.0 million, while initial raw material expenses, for items like stone and liquid asphalt, can cost an additional $2.0 million. To reduce the risk associated with these extensive capital requirements, an operator must understand local price competition and obtain an accurate estimate of local supply needs. Additionally, an operator must accurately project how much of this local market can be captured... 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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