Pit & Quarry, December 2018
The backlog of infrastructure needs is enormous even though the totals thrown about are unrealistic says SC MAs David Chereb Demand for aggregate in the nonbuilding category remains the greatest Demand will only grow more in the coming years In addition more structural changes have muted the demand The retail ice age slowed new retail demand and workplace space requirements per worker have decreased The bright spots have been new health care space and increased warehouse demand as everyone adjusts to the Amazon effect U S Aggregate Demand Baseline billions of metric tons 2017 2018est 2019est 2020est 2021est 2022est 2023est RESIDENTIAL 057 058 054 055 056 061 067 NONRESIDENTIAL 070 072 070 073 072 072 075 NONBUILDING 100 108 117 126 127 126 127 TOTAL 227 238 241 254 255 259 269 Yr Yr Ch 22 48 13 54 04 16 39 Note There is a small difference between SC MAs estimates of consumption and the U S Geological Survey USGS because of SC MAs estimates in states where USGS does not report values due to competitive concerns U S Aggregate Demand billions of metric tons 2005 2009 2007 2011 2015 2013 2017 2021 2019 2023 160 140 120 100 080 060 040 020 Nonbuilding Nonresidential Residential Billions of Metric Tons Sources USGS history SC MA forecast Once again near term demand will be flat as all these factors retard any new boom in nonresidential space Looking a few years ahead demand will increase strongly as new manufacturing and new retail ideas form and investors put new money into this segment Lastly nonbuilding demand has increased 23 percent since its trough in 2010 This segment benefited the most from the 2009 stimulus bill even though it ended up being a small amount of the total spent The backlog of infrastructure needs is enormous even though the totals thrown about are unrealistic With state and local government tax receipts at near record levels for several LIBRA WEB SERVICES Mobile connectivi ty for the aggregate industry Automatic Text Email Notifications Real Time Drill Down Reports Secure Access For Your Customers Online Quoting librasystems com 2152561700 Set ting the Standard In Automation Business Integration 22 PIT QUARRY December 2018 pitandquarry com ISTOCK COM TERRYJ
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