US asphalt demand to grow

Demand for asphalt in the US construction sector is expected to grow 7.4%/year to 31.6 million tonnes in 2015, according to research by the Freedonia Group. This growth will show a rebound from the 2005-2010 period, when consumption declined sharply due to the recession. The Cleveland-based industry market research firm has produced its new study, Asphalt, which shows that paving products accounted for 80% of asphalt consumption in 2010. The report continues that demand for asphalt paving products will bene
April 30, 2012 Read time: 1 min
Demand for asphalt in the US construction sector is expected to grow 7.4%/year to 31.6 million tonnes in 2015, according to research by the 2821 Freedonia Group. This growth will show a rebound from the 2005-2010 period, when consumption declined sharply due to the recession. The Cleveland-based industry market research firm has produced its new study, Asphalt, which shows that paving products accounted for 80% of asphalt consumption in 2010. The report continues that demand for asphalt paving products will benefit from an expected increase in federal and state spending on highway and road construction. There will be continued growth from the low levels of 2010, when high asphalt prices led to a slowing in paving activity and a greater emphasis on repair as opposed to road replacement. Overall, demand for asphalt in paving is expected to increase 7.8%/year to 25.7 million tonnes in 2015.
Materials

For more information on companies in this article

Related Content

  • Strong financial performance for Wacker Neuson
    May 10, 2023
    Wacker Neuson is seeing a strong financial performance.
    Read More
  • RCC road paving technology growing in demand
    November 13, 2014
    US contractor Robert Smith based in Chattanooga has long experience in the asphalt paving market but has recently added roller compacted concrete (RCC) to its paving portfolio. This heavy-duty cement mix can be poured as quickly as asphalt and the company has now developed its skills at laying large areas of RCC in just a few days for its industrial client base. Demand has grown and RCC work now accounts for over 90% of the firm’s workload, which it carries out using a Volvo CE paver.
    Read More
  • Euromarket stable until 2020, predicts Euroconstruct
    December 13, 2018
    Analysts predict strong growth in road building up to 2020 as public finances improve. Graham Anderson reports from Helsinki European civil engineering markets – including road building and maintenance - are predicted to grow strongly between now and 2020 thanks to the increasing strength of EU members states’ national economies. The increasingly optimistic forecasts are contained in the latest construction industry research from construction market analyst Euroconstruct, based in the Finnish capital Hel
    Read More
  • Transport under the spotlight
    February 13, 2012
    A round-up of some of the major transport-related meetings that have been held in Europe. Compiled by Patrick Smith. Europe has hosted a number of annual events over the last few weeks, where important matters of transport were discussed, reports produced, and decisions taken. ASECAP (the European Association of Tolled Motorways, Bridges and Tunnels Infrastructures Operators); International Transport Forum (ITF); Arena (TRA); International Road Federation (IRF), and the European Construction Industry Federa
    Read More

Highlighted Content