Mobile Menu

Asphalt Manufacturing in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL32412CA

Asphalt Manufacturing in Newfoundland industry analysis

Revenue for the Asphalt Manufacturing industry in Newfoundland And Labrador is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to x locations over the past five years. Industry employment has decreased an annualized -x.x% to xx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to x locations over the next five years. Industry employment is expected to increase an annualized x.x% to xx workers during the outlook period, while industry wages likely increase x% to $x.x million.

Unbiased research for even more industries at your fingertips

  • 5000+Industries covered
  • 100+Local analysts
  • 250k+Hours of detailed analysis
  • 100k+Subscriber community

Purchase a membership to access this industry and so much more.

About the Asphalt Manufacturing in Newfoundland Market Research Report

What’s Included in the Asphalt Manufacturing in Newfoundland Market Research Report

Definition of the Asphalt Manufacturing in Newfoundland?

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.

What’s included in the Asphalt Manufacturing in Newfoundland?

The Asphalt Manufacturing in Newfoundland includes manufacturing asphalt paving blocks, manufacturing asphalt paving mixtures, manufacturing asphalt roofing coatings, manufacturing asphalt shingles, manufacturing asphalt saturated mats and felts, manufacturing asphalt roofing cements and manufacturing undercoating for motor vehicles. Related terms covered in the Asphalt Manufacturing in Newfoundland industry report includes a mixture of chemical additives, bitumen and aggregates that are typically mixed at lower temperatures, asphalt roof tiles that are typically manufactured by coating paper with bitumen, also known as asphalt or tar. bitumen is a crude oil distillate that is used to bind aggregates together to produce asphalt paving products, crushed rocks, gravel, sand and stone. aggregates are combined with bitumen to form asphalt paving products and the thickness of fluids. asphalt products manufacturing requires high heat because bitumen has high viscosity.

Industry Performance of the Asphalt Manufacturing industry in Newfoundland

Benchmark the Asphalt Manufacturing in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Asphalt Manufacturing in Newfoundland

#9 in Highest Revenue 0.6% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Asphalt Manufacturing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Asphalt Manufacturing industry in Newfoundland

See how key industry drivers, such as median houshold income, private investment in non-residential construction, gross domestic product, value of nonresidential construction, government consumption and investment and value of residential construction are impacting Asphalt Manufacturing in Newfoundland

Newfoundland Economic Indicators

Median Houshold Income
Private Investment in Non-Residential Construction
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

Value of nonresidential construction
Government consumption and investment
Value of residential construction

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Asphalt Manufacturing industry in Newfoundland

Key Statistics of the Asphalt Manufacturing industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

Need a deeper insight?
Get a free tour.

Free Tour

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Asphalt Manufacturing industry in Newfoundland in 2025?

The market size of the Asphalt Manufacturing industry in Newfoundland is $35.0m in 2025.

How many businesses are there in the Asphalt Manufacturing industry in Newfoundland in 2025?

There are 3 businesses in the Asphalt Manufacturing industry in Newfoundland, which has been declining at an average annual rate of -5.6% from 2020 to 2025.

Has the Asphalt Manufacturing industry in Newfoundland grown or declined over the past 5 years?

The market size of the Asphalt Manufacturing industry in Newfoundland has been declining at an average annual rate of -1.8% from 2020 to 2025.

How many employees in the Asphalt Manufacturing industry in Newfoundland in 2025?

There are 23 employees in the Asphalt Manufacturing industry in Newfoundland, which has been declining at an average annual rate of -8.1% from 2020 to 2025.