Asphalt Manufacturing in Canada
The Asphalt Manufacturing industry in Canada manufactures asphalt and tar-paving mixtures, blocks, roofing cements and coatings. The majority of industry production consists of asphalt paving products used in road building, although the industry also features manufacturers of shingles and asphaltic materials used in residential construction. While performance has been poor over the past five years, there have been significant developments in government infrastructure spending that have benefited the industry. As a result of government initiatives, demand for asphalt and concrete blocks and paving products increased. Over the five years to 2024, the industry is projected to experience a return to growth. An improving economy and increasing levels of corporate profit will help stimulate private sector investment.
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.
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