Tuesday, November 01, 2005

Asphalt on the move

According to a new study from The Freedonia Group Inc., a Cleveland-based industrial market research firm, demand for asphalt products is forecast to advance 1.2 percent annually to 38.8 million tons in 2009, valued at over $12 billion. This will generate demand for 215 million barrels of primary asphalt, the vast majority of which is refinery asphalt. Gains will derive from expanding demand for asphalt paving products, which will benefit from new highway and road spending; and growth in demand for asphalt roofing products, which will benefit from recovery in nonresidential building activity. Your comment?