US sales of construction aggregates to reach 2.8 billion metric tons by 2019
Sales of construction aggregates in the US are forecast to expand at a 2.9 percent annual pace through 2019 to 2.8 billion metric tons, continuing to recover from the steep declines that occurred as a result of the country's 2007-2009 economic recession and outperforming both its North American neighbours.
Consumption of aggregates was largely flat for most of the past five-year span and only began to recover in 2014. Gains were supported to a degree, however, by nonbuilding construction spending. These and other trends are presented in World Construction Aggregates, a new study from The Freedonia Group, a Cleveland-based industry research firm.
The US has the highest usage rate of crushed stone of any country in the world, when measured as a percentage of total aggregates demand, accounting for 55 percent of sales in 2014. This is due to the extensive deposits of stone found throughout the country. In addition, the sizable numbers of road maintenance projects (i.e., road base and asphalt) in the US require higher levels of crushed stone rather than sand and gravel.
World Construction Aggregates analyzes the world construction aggregates industry. It presents historical data (2004, 2009 and 2014) and forecasts (2019 and 2024) for markets demand (e.g., residential, non-residential, nonbuilding), plus demand by product (e.g., crushed stone, sand gravel, other) and by application (e.g., hydraulic concrete, asphaltic concrete, road base and coverings, other), in 6 regions and 37 major countries. The study also considers market environment factors, assesses industry structure, evaluates company market share and profiles global industry competitors.