SIC 2951 Asphalt Paving Mixtures and Blocks

Encyclopedia of American Industries | 2005 | Copyright

SIC 2951
ASPHALT PAVING MIXTURES AND BLOCKS

This category describes companies principally employed in manufacturing asphalt and tar paving mixtures and paving blocks made of asphalt mixed with other materials.

NAICS Code(s)

324121 (Asphalt Paving Mixture and Block Manufacturing)

Industry Snapshot

The asphalt paving mixtures and blocks industry was poised for good times in 2000, with increases in road construction imminent after passage of federal legislation. Highway construction in the private sector, a fairly good indicator of general economic health, was increasing about 11 percent annually in the late 1990s and was expected to reach $55.2 billion in 2000. The demand for mixtures should parallel this growth. In the late 1990s, roughly 1,100 establishments were involved in the production of asphalt paving mixtures and blocks. The vast majority of these employed fewer than 20 workers, while only 16 employed more than 100. The industry's total shipments reached $6.4 billion in 2000, up more than 20 percent since 1996 and 35 percent since 1994.

Asphalt is a blackish-brown material with a consistency ranging from a viscous liquid to a glassy solid. Most asphalt is obtained as a byproduct of the distillation of petroleum or other materials. Natural asphalt, rarely used by the 1990s, is formed during the early stages of the breakdown of organic marine deposits into petroleum.

Asphalt is used most often in the construction of roads, parking lots, walkways, and other paved surfaces. Of the 2.27 million miles of paved road in the...

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