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