Industry Analysis & Industry Trends
Demand for asphalt paving products from the highway and road construction markets partly cushioned declines, but the industry's overall performance has remained weak over the five years to 2012. Continued improvements in the US economy and increases in state and local outlays for infrastructure and municipal building construction will support a revival over the next five years. Furthermore, as the non-residential and residential construction markets improve, asphalt manufacturers will face similar growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Asphalt Manufacturing industry is in the mature phase of its economic life cycle, with growth increasingly dependent on the cyclical fluctuations of downstream construction markets. Indicators of this life cycle stage include saturated demand for well-established products and increased merger and acquisition activity. In the case of asphalt manufacturers, merger and acquisition activity is tempered by the local nature of asphalt paving markets, since asphalt for paving must be produced within 15 to 25 miles of its destination to avoid hardening. As such, many small manufacturers compete for most of the market share in this mature industry. The number of asphalt manufacturers is projected to grow at a modest annualized rate of 0.7% to 628 over the ten years to 2018... purchase to read more