Concrete Overlay Market Expected to Grow

According to a recent Portland Cement Association (PCA) analysis of the concrete overlay pavement sector, the industry will gain market share in the overlay sector in the coming years. This is attributable to greater awareness of the technology as well as changes in the relative price of concrete versus asphalt that favors concrete.

Between 2000 and 2009 asphalt prices increased 89 percent. Concrete prices increased only 47 percent. Since 2009, asphalt prices have increased 20 percent while there has been no to minimal increases in concrete prices. With rising asphalt prices, concrete’s market share should grow. Using Oman data, PCA estimated that concrete’s market share increases 0.14 percent for every one percent rise in relative asphalt prices. PCA estimates that the overlay share will increase from 1.6 percent in 2012 to 3.2 percent in 2020 and 8.5 percent in 2030. This translates to roughly 375,000 metric tons in 2012 to 1.1 million metric tons in 2020, and nearly 2.3 million metric tons in 2030.