Liquid asphalt as we know it today has been used throughout centuries, dating back to the ancient Egyptians and has been integral in the development of modern roads and infrastructure throughout the world.
Since 2011, the price of asphalt cement has varied from around CAD$500 – CAD$900 per tonne, depending on market demand. The sudden drop-off in infrastructure investment and construction in 2020 led to a fall in price that is now starting to recover at a rapid pace. The retail price of asphalt cement per tonne as of August 2021 is CAD$891.00, according to the Ontario Asphalt Pavement Council. This represents a 44% increase year-to-date.
At a forecasted CAGR of 3.6%, demand for liquid asphalt is expected to reach 174 million metric tonnes by 2025, a conservative estimate based on the variability of demand in nations with lower economic and political stability.
To learn more about liquid asphalt, its history, pricing, demand, and alternatives, read the full Kinvestor Liquid Asphalt Report, put together by our Investor Relations team at Kin Communications. Click the image below to read or download: