US demand to rise 3.7% annually through 2017Demand for asphalt in the US is forecast to increase 3.7 percent annually to 27.9 million tons in 2017. This is equivalent to 154 million barrels of primary asphalt, the vast majority of which is refined petroleum asphalt. Demand for asphalt is expected to advance from its low 2012 base, spurred by growth in highway and road construction spending and building construction expenditures, the two largest markets for asphalt. However, asphalt demand in 2017 will not reach the level seen in 2007. Rising use of recycled asphalt pavement (RAP) and increasing interest in rehabilitating and repairing older or worn surfaces -- instead of bu...
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