New Report says Market for Advanced Materials will hit $12 billion by 2012

PRLog (Press Release) – May 25, 2008 – Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report showing that the U.S. market for advanced materials and subassemblies for public works infrastructure projects is expected to  increase to over $12 billion by 2012, experiencing a compound average annual growth rate (CAGR) of 10%.This market was worth $7.5 billion in 2007.

“Advanced materials and Technologies for Public Works Infrastructure Projects”, which is available at http://www.reportbuyer.com/go/BCC00192 reports that highway construction and rehabilitation is by far the largest market for advanced materials and subassemblies, accounting for about 83% of the market in 2006 and 2007 and 78% in 2012. The bulk of the highway market consists of Superior Performing Asphalt Pavement of SUPERPAV, which enjoys the largest sales of any advanced infrastructure material. The study shows that other advanced materials with significant market shares include high performance concrete and fibre-reinforced polymer composites.

Authors of the report note that bridges are the second largest market segment after highways, increasing from 3.7% of the market in 2006 to 4.3% in 2007. They predict that it should reach a 9.2% market share by 2012.

The report shows that several high-profile incidents have focused attention on deficiencies in the public works infrastructure of the United States that includes bridges, tunnels, highways, roads, railroads, airports, canals, dams, dikes, artificial harbours and some pipelines. The most recent such incident was the collapse of the Interstate 35-W bridge over the Mississippi River in August 2007, which plunged dozens of cars and their occupants into the river, killing 13 people and causing traffic problems for years to come.

According to the authors, the solution to such problems lies in the construction materials and other technologies used to build and maintain the bridges, roads, and other public works.

“Advanced materials and Technologies for Public Works Infrastructure Projects” is available from Report Buyer. For more information go to: http://www.reportbuyer.com/industry_manufacturing/constr ...

Report Buyer product ID: BCC00192