Reportlinker Releases U.S. Asphalt Industry Report

Report shows that U.S. primary asphalt demand to increase 2.4 percent annually through 2013.

Reportlinker.com, a market research company, has announced that it has released a new market research report related to the U.S. Asphalt Industry. The study examines the U.S. market for asphalt and asphalt products using historical data and also includes future forecasts to 2013 and 2018.

 

According to a company press release, primary asphalt demand in the U.S. is predicted to increase 2.4 percent annually through 2013. The report says that demand will benefit from a renewed growth in highway capital spending and road improvement and repair activity. The release also notes that gains in consumption will be derived from an expected recovery in new home building, sparking increased demand for asphalt shingles and other roofing products.

 

The study also indicates that the South will remain the largest asphalt consuming region in the country, due to its large installed base of homes and revived growth in new housing completions. The region also possesses the largest installed base of highways and roads, supporting demand for asphalt paving products. The Midwest, also a sizeable consumer of asphalt products, will benefit from a strong resurgence in new housing construction, according to the release. In the West region, strong new housing construction and road building will support gains in demand. Meanwhile, the Northeast will remain the smallest and slowest growing regional market.

More information about the U.S. Asphalt Industry is available at
http://www.reportlinker.com/p0158665/US-Asphalt-Industry.html?request=news.