Canada Asphalt Market (2025-2031) | Growth, Segmentation, Share, Value, Outlook, Companies, Industry, Revenue, Trends, Forecast, Size & Analysis

Name: Canada Asphalt Market (2025-2031) | Outlook Growth & Analysis
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Asphalt Market, Canada Asphalt Market, Canada Asphalt Market Revenues, Canada Asphalt Market Share, Canada Asphalt Market Size, Canada Asphalt Market Outlook, Canada Asphalt Market Report, Canada Asphalt Market Competition, Canada Asphalt Market Overview, Canada Asphalt Market Trends, Canada Asphalt Market Forecast

Market Forecast By Type (Paving Petroleum Asphalt, Industrial Petroleum Asphalt, Others), By Application (Paving, Roofing, Others) And Competitive Landscape

Product Code: ETC5221196	Publication Date: Nov 2023	Updated Date: Jan 2026	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Shubham Padhi	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Canada Asphalt Market: Import Trend Analysis

Canada`s import trend for the asphalt market exhibited significant growth from 2023 to 2024, with a remarkable rate of 104.86%. The compound annual growth rate (CAGR) for the period of 2020-2024 stood at 28.5%. This surge in imports can be attributed to a notable shift in demand for asphalt products within the Canadian market, likely driven by infrastructure development projects and increased construction activities during this period.

Canada Asphalt Market: Import Trend Analysis

Key Highlights of the Report:

Canada Asphalt Market Outlook
Market Size of Canada Asphalt Market, 2024
Forecast of Canada Asphalt Market, 2031
Historical Data and Forecast of Canada Asphalt Revenues & Volume for the Period 2021-2031
Canada Asphalt Market Trend Evolution
Canada Asphalt Market Drivers and Challenges
Canada Asphalt Price Trends
Canada Asphalt Porter`s Five Forces
Canada Asphalt Industry Life Cycle
Historical Data and Forecast of Canada Asphalt Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Canada Asphalt Market Revenues & Volume By Paving Petroleum Asphalt for the Period 2021-2031
Historical Data and Forecast of Canada Asphalt Market Revenues & Volume By Industrial Petroleum Asphalt for the Period 2021-2031
Historical Data and Forecast of Canada Asphalt Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Canada Asphalt Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Canada Asphalt Market Revenues & Volume By Paving for the Period 2021-2031
Historical Data and Forecast of Canada Asphalt Market Revenues & Volume By Roofing for the Period 2021-2031
Historical Data and Forecast of Canada Asphalt Market Revenues & Volume By Others for the Period 2021-2031
Canada Asphalt Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Canada Asphalt Top Companies Market Share
Canada Asphalt Competitive Benchmarking By Technical and Operational Parameters
Canada Asphalt Company Profiles
Canada Asphalt Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Canada Asphalt Market Overview

3.1 Canada Country Macro Economic Indicators

3.2 Canada Asphalt Market Revenues & Volume, 2021 & 2031F

3.3 Canada Asphalt Market - Industry Life Cycle

3.4 Canada Asphalt Market - Porter's Five Forces

3.5 Canada Asphalt Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Canada Asphalt Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Canada Asphalt Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growth in infrastructure development projects in Canada

4.2.2 Increasing road construction activities

4.2.3 Growing demand for sustainable and environmentally friendly asphalt solutions

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials such as bitumen

4.3.2 Stringent regulations related to emissions and environmental impact

4.3.3 Competition from alternative paving materials

5 Canada Asphalt Market Trends

6 Canada Asphalt Market Segmentations

6.1 Canada Asphalt Market, By Type

6.1.1 Overview and Analysis

6.1.2 Canada Asphalt Market Revenues & Volume, By Paving Petroleum Asphalt, 2021-2031F

6.1.3 Canada Asphalt Market Revenues & Volume, By Industrial Petroleum Asphalt, 2021-2031F

6.1.4 Canada Asphalt Market Revenues & Volume, By Others, 2021-2031F

6.2 Canada Asphalt Market, By Application

6.2.1 Overview and Analysis

6.2.2 Canada Asphalt Market Revenues & Volume, By Paving, 2021-2031F

6.2.3 Canada Asphalt Market Revenues & Volume, By Roofing, 2021-2031F

6.2.4 Canada Asphalt Market Revenues & Volume, By Others, 2021-2031F

7 Canada Asphalt Market Import-Export Trade Statistics

7.1 Canada Asphalt Market Export to Major Countries

7.2 Canada Asphalt Market Imports from Major Countries

8 Canada Asphalt Market Key Performance Indicators

8.1 Percentage of asphalt mixtures using recycled materials

8.2 Adoption rate of warm mix asphalt technology

8.3 Number of infrastructure projects utilizing asphalt pavements with longer lifespan

8.4 Innovation rate in asphalt manufacturing processes

8.5 Percentage of government funding allocated to road construction and maintenance

9 Canada Asphalt Market - Opportunity Assessment

9.1 Canada Asphalt Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Canada Asphalt Market Opportunity Assessment, By Application, 2021 & 2031F

10 Canada Asphalt Market - Competitive Landscape

10.1 Canada Asphalt Market Revenue Share, By Companies, 2024

10.2 Canada Asphalt Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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