April 30, 2012
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