Report highlights fresh US demand for asphalt

A report from the US-based research firm Freedonia suggests that demand for asphalt in the country looks set to increase 3.7%/year to 25.17 million tonnes in 2017. US demand for asphalt is expected to grow from the low levels in 2012 due to an increase in spending on highway and road construction, as well as building. However, the report suggests that asphalt demand in 2017 will not reach the levels seen in 2007. Rising use of recycled asphalt pavement (RAP) and a growth in the market for rehabilitating
September 3, 2013 Read time: 1 min
A report from the US-based research firm Freedonia suggests that demand for asphalt in the country looks set to increase 3.7%/year to 25.17 million tonnes in 2017.  US demand for asphalt is expected to grow from the low levels in 2012 due to an increase in spending on highway and road construction, as well as building.  However, the report suggests that asphalt demand in 2017 will not reach the levels seen in 2007.  Rising use of recycled asphalt pavement (RAP) and a growth in the market for rehabilitating and repairing older or worn surfaces, instead of laying new surfaces, will restrict asphalt demand. The 2821 Freedonia Group has a complete study, titled Asphalt, on the subject.

For more information on companies in this article

Related Content

  • VDMA reports 3% rise for German construction equipment makers
    March 16, 2017
    German manufacturers of construction equipment achieved a turnover of €9.3 billion in 2016, a 3% rise compared to 2015. The increase was despite a global sales dip of 1% and in 2017, German manufacturers again expect another 3% increase in sales. The German market was a big driver for sales, posting a 20% increase on 2015 to reach around €3 billion, according to the VDMA, the German Engineering Federation. “In view of this high level, a further growth seems hardly possible, even if our customers co
    Read More
  • A variety of measures will increase demand for electric vehicles
    April 2, 2013
    A wide array of measures is being used around the world to encourage customers to buy electric vehicles. Customers are still proving reluctant in many markets to buy electric vehicles, with range concerns and purchase costs amongst the key. Nissan reports that sales of its sophisticated Leaf model (developed jointly with its partner Renault) have been sluggish in Europe, despite glowing reviews in various motoring magazines. In the UK one leading thinktank, the Institute for Public Policy Research (IPPR), h
    Read More
  • Stiffer roads, less fuel?
    October 19, 2020
    Researchers at the Massachusetts Institute of Technology looked at how much fuel – and, hence carbon – could be saved by making roads in the US stiffer. They concluded that by resurfacing 10% of roads every year for the next 50 years, 0.5% of total transport emissions, or 440 megatons, would be saved over that period.
    Read More
  • Wacker Neuson sees profits rise
    March 30, 2022
    Wacker Neuson is seeing its profits rise.
    Read More

Highlighted Content