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Asphalt Manufacturing in Indiana

Author.Name IBISWorld United States Last Updated: August 2025 NAICS IN32412

Asphalt Manufacturing in Indiana industry analysis

The Asphalt Manufacturing industry in Indiana is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to xx locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Asphalt Manufacturing in Indiana Market Research Report

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

Definition of the Asphalt Manufacturing in Indiana?

Industry businesses manufacture paving and roofing materials, including asphalt and tar-paving mixtures and blocks, shingles, roofing cement and coatings. These products are produced from purchased asphaltic materials, paper mats and felts. Producers don't refine the crude petroleum or produce the paper mats and felts that comprise industry products. Companies that conduct such services are included in the Petroleum Refining (IBISWorld report 32411) and Paper Mills (32212) industries.

What’s included in the Asphalt Manufacturing in Indiana?

The Asphalt Manufacturing in Indiana includes asphalt paving block manufacturing, asphalt paving mixtures manufacturing, asphalt road compounds manufacturing, coal tar paving materials manufacturing, asphalt roofing coatings and cement manufacturing, asphalt shingle, board and mat manufacturing, asphalt sheathing and siding manufacturing, tar paper manufacturing and tar roofing cement and coating manufacturing. Related terms covered in the Asphalt Manufacturing in Indiana industry report includes a viscous, semisolid byproduct of oil refining. also known as bitumen, a mixture of asphalt and aggregates used to construct and maintain roads, crushed stone, gravel or sand; aggregates usually comprise between 90.0% and 95.0% of paving asphalt, shingles that are manufactured from saturated roofing felts and coated with asphalt to protect from weather exposure, horizontal or nearly horizontal roofs, as opposed to more sloped roofs. commonly covered in asphalt or tar-coated shingles, most used paving asphalt mixture, which is typically heated to high temperatures and laid on a roadbed to dry, paving asphalt that is diluted with wax, water or other liquids and doesn't require as high temperatures when being laid on a roadbed and recycled asphalt that can be used as a low-cost input for asphalt manufacturers.

Industry Performance of the Asphalt Manufacturing industry in Indiana

Benchmark the Asphalt Manufacturing in Indiana industry performance with all IN county and national performance.

Asphalt Manufacturing in Indiana

#5 in Highest Revenue 4.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Asphalt Manufacturing in the US


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 Indiana

See how key industry drivers, such as population, median houshold income, labor force participation rate, government funding for highways, value of private nonresidential construction and price of cement are impacting Asphalt Manufacturing in Indiana

Indiana Economic Indicators

Population
Median Houshold Income
Labor Force Participation Rate

View more economic information in IN State Economic profile

US Key External Drivers

Government funding for highways
Value of private nonresidential construction
Price of cement

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

County Data of the Asphalt Manufacturing industry in Indiana

Access proprietary data on county in the Asphalt Manufacturing in Indiana, such as Marion County, St. Joseph County and Lake County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Asphalt Manufacturing industry in Indiana

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 Indiana in 2025?

The market size of the Asphalt Manufacturing industry in Indiana is $1.6bn in 2025.

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

There are 46 businesses in the Asphalt Manufacturing industry in Indiana, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Asphalt Manufacturing industry in Indiana has been growing at an average annual rate of 3.1% from 2020 to 2025.

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

There are 962 employees in the Asphalt Manufacturing industry in Indiana, which has been declining at an average annual rate of -0.2% from 2020 to 2025.