Asphalt Manufacturing in Canada
Industry products are used primarily in residential housing and for road building, and as a result the health of the industry can be closely tied to downstream construction markets and government spending on infrastructure. These markets experienced volatile demand over the five years to 2018, with falling commodity prices slashing activity in energy markets and related sectors, prompting a decline in nonresidential construction. However, a growing housing market, alongside increased government investment in infrastructure has counteracted this and helped the industry grow. Over the next five years, the industry is projected to experience stronger growth. An improving economy and increasing levels of corporate profit will prompt increase private investment, while forecast growth in various commodity prices should underpin increased demand for construction activity from the energy sector.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook