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Asphalt Manufacturing in New Mexico

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NM32412

Asphalt Manufacturing in New Mexico industry analysis

The Asphalt Manufacturing industry in New Mexico is expected to decline an annualized -x.x% to $x.x million 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 million, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to xx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Asphalt Manufacturing in New Mexico Market Research Report

What’s Included in the Asphalt Manufacturing in New Mexico Market Research Report

Definition of the Asphalt Manufacturing in New Mexico?

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 New Mexico?

The Asphalt Manufacturing in New Mexico 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 New Mexico 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 New Mexico

Benchmark the Asphalt Manufacturing in New Mexico industry performance with all NM county and national performance.

Asphalt Manufacturing in New Mexico

#36 in Highest Revenue 0.5% 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 New Mexico

See how key industry drivers, such as population, per capita disposable income, median houshold income, government funding for highways, value of private nonresidential construction and price of cement are impacting Asphalt Manufacturing in New Mexico

New Mexico Economic Indicators

Population
Per Capita Disposable Income
Median Houshold Income

View more economic information in NM 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 New Mexico

Access proprietary data on county in the Asphalt Manufacturing in New Mexico, such as Bernalillo County, Eddy County and Otero County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Asphalt Manufacturing industry in New Mexico

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 New Mexico in 2025?

The market size of the Asphalt Manufacturing industry in New Mexico is $171.1m in 2025.

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

There are 14 businesses in the Asphalt Manufacturing industry in New Mexico, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Asphalt Manufacturing industry in New Mexico has been declining at an average annual rate of -8.8% from 2020 to 2025.

How many employees in the Asphalt Manufacturing industry in New Mexico in 2025?

There are 199 employees in the Asphalt Manufacturing industry in New Mexico, which has been declining at an average annual rate of -0.5% from 2020 to 2025.