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 SWOT Analysis Chapter
The Asphalt Manufacturing industry is in the mature stage of its life cycle. In the 10 years to 2019, industry value added (IVA), which measures an industry's contribution to the economy, is projected to increase at an annualized rate of 0.8%. Over the same period, Canada's GDP is anticipated to increase an average 2.4% per year. Typically, IVA growth that is slower than 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