Laying it down: Provincial governments increasingly investing in road and highway construction will likely boost manufacturers' performance
Downstream construction markets and government spending on infrastructure greatly impact asphalt manufacturers. Over the current period, asphalt manufacturers have enjoyed modest growth spurred by government investment and favorable trade conditions. Industry-wide revenue has been growing at a CAGR of 0.4% over the past five years and is expected to total $5.4 billion in 2023, when revenue will drop an estimated 0.7%. Profit is set to climb to 13.8% in 2023.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- CRH Canada Group Inc.
Methodology
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