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Asphalt Manufacturing in Northwest Territories

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NT32412CA

Asphalt Manufacturing in Northwest Territories industry analysis

Revenue for the Asphalt Manufacturing industry in Northwest Territories 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 increased an annualized x.x% to xx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x thousand.

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 decrease an annualized -x.x% to xx workers during the outlook period, while industry wages likely decrease -x% to $x.x thousand.

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About the Asphalt Manufacturing in Northwest Territories Market Research Report

What’s Included in the Asphalt Manufacturing in Northwest Territories Market Research Report

Definition of the Asphalt Manufacturing in Northwest Territories?

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 Northwest Territories?

The Asphalt Manufacturing in Northwest Territories 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 Northwest Territories 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 Northwest Territories

Benchmark the Asphalt Manufacturing in Northwest Territories industry performance with all NT Census Metropolitan Area and national performance.

Asphalt Manufacturing in Northwest Territories

#11 in Highest Revenue 0.2% 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 Northwest Territories

See how key industry drivers, such as private investment in non-residential construction, per capita disposable income, gross domestic product, value of nonresidential construction, government consumption and investment and value of residential construction are impacting Asphalt Manufacturing in Northwest Territories

Northwest Territories Economic Indicators

Private Investment in Non-Residential Construction
Per Capita Disposable Income
Gross Domestic Product

View more economic information in NT 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 Northwest Territories

Key Statistics of the Asphalt Manufacturing industry in Northwest Territories

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

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Top Questions Answered in this Report

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

The market size of the Asphalt Manufacturing industry in Northwest Territories is $11.2m in 2025.

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

There are 1 businesses in the Asphalt Manufacturing industry in Northwest Territories, which has been declining at an average annual rate of -12.9% from 2020 to 2025.

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

The market size of the Asphalt Manufacturing industry in Northwest Territories has been declining at an average annual rate of -2.7% from 2020 to 2025.

How many employees in the Asphalt Manufacturing industry in Northwest Territories in 2025?

There are 14 employees in the Asphalt Manufacturing industry in Northwest Territories, which has been growing at an average annual rate of 3.1% from 2020 to 2025.