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.