Despite the economic crisis due to COVID-19, the asphalt market is projected to grow in 2020. Even with the novel coronavirus pandemic, the paving industry is projected to grow over 3.1% by the end of the year. This means that property managers throughout California and the United States will be increasing their pavement resurfacing and parking lot jobs.
A recent article from Globe News Wire writes “Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions. The paving market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.”