CLEVELAND, March 3, 2017 /PRNewswire/ -- 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 neighbors. 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.
More information about the study is available at http://www.freedoniagroup.com/industry-study/world-construction-aggregates-3389.htm
Ben Trent, Director Client Services, of Freedonia Custom Research specializes in this industry and will attend Conexpo-Con/Agg 2017 in Las Vegas, March 7 through March 10. Meetings to discuss custom tailored research projects in the aggregates industry and others can be arranged by emailing email@example.com.
About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Construction & Building Products studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
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SOURCE The Freedonia Group