Freedonia In The News
Article Title: World demand for asphalt set to grow
Publication: ARI Aggregate Research, 12/7/2015
Freedonia Study: World Asphalt (Bitumen) (3351)
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Global demand for asphalt is projected to expand 2.8% a year until 2019 and will reach 122.5 million tonnes. These gains will be driven by growth in China and other developing countries as they work to improve their transportation infrastructures. This report has been published by the US-based Freedonia Group.
The report also says that mature asphalt markets in higher income countries (many of which declined between 2009 and 2014) will recover steadily, though in most cases demand will not regain 2009 levels until after 2019. The study is entitled World Asphalt (Bitumen).
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