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

  • Increasing demand for geosynthetics reinforcement
    April 16, 2012
    Demand for geosynthetics in the United States alone is projected to increase 4.4% per year through to 2010 to more than 727 million m². Geosynthetics, used worldwide in the highway sector for strengthening, include geotextiles, geomembranes, geonets, geogrids, geosynthetic clay liners, preformed geocomposites, geocells and geofoams. The US advances will be fuelled by a recovery in nonbuilding construction. Additionally, geosynthetics will continue to increase their use in a wider range of applications
    Read More
  • World asphalt demand to grow 3.6% a year until 2017
    January 6, 2017
    World demand for asphalt will grow by 3.6% annually until 2017, according to Cleveland market research company The Freedonia Group. This follows a decline in demand between 2007 and 2012 in North America and Western Europe, during the global economic crisis. “Gains will be driven by especially strong growth in consumption in China and other developing countries as they work to improve their transportation infrastructures,” said Freedonia analyst Mariel Behnke.
    Read More
  • World asphalt demand to grow 3.6% a year until 2017
    March 4, 2014
    World demand for asphalt will grow by 3.6% annually until 2017, according to Cleveland market research company The Freedonia Group. This follows a decline in demand between 2007 and 2012 in North America and Western Europe, during the global economic crisis. “Gains will be driven by especially strong growth in consumption in China and other developing countries as they work to improve their transportation infrastructures,” said Freedonia analyst Mariel Behnke.
    Read More
  • Global construction machinery market to rise
    January 20, 2022
    The global construction machinery market looks set to rise to US$250 billion by 2025.
    Read More

Highlighted Content