PAVING REPORT 2016
The paving market is one of the largest arenas in which concrete competes. Concrete captures an average 14-15% market share of state DOT highway construction and maintenance, but only an estimated 6-8% of all paved roads in terms of lane miles. At such low levels, opportunity exists to expand concrete’s share resulting in substantial industry revenue growth. The state highway segment alone, for example, holds an estimated potential of at least 18 million tons of cement annually. The purpose of this report is to evaluate the paving outlook in the context of the current economic environment. This evaluation includes a review of paving volume and market share performance as well as assessments regarding the impacts of relative price changes and non-price impacts on market share.