P&Q captured insights from aggregate producers and equipment manufacturers to get a sense of how the aggregate industry is doing as 2024 nears an end and what may be ahead in 2025.
“We see overall supply demand really being driven by strong public, which continues to be very robust for us, and then the private markets being a little more choppy. If we look at just our markets – you look at residential and nonresidential [as] the ones that are more interest rate-dependent – they will come back, probably in [the] second half. It’s a matter of when and which geography they’ll come in.”
– Anne Noonan, Summit Materials
“Even talking to our friendly competitors, we are finding that they are very optimistic in their business as well – especially in aggregate.”
– Karen Thompson, Haver & Boecker Niagara
“Looking ahead to 2025, we expect favorable underlying demand, positive pricing momentum and another year of progress for CRH.”
– Albert Manifold, CRH
“Looking ahead, we remain committed to continue enhancing profitability and advancing our sustainability initiatives, while continuing to demonstrate GCC’s ability to adapt, address challenges and seize new opportunities.”
– Enrique Escalante, GCC
“Interest rates come into play in a big way. There’s a big Fed cut, so hopefully that helps. We’ll see how that continues to trend over the next several months and years. There’s government funding available, but how is it allocated and distributed?”
– Jim Chamberlain, Philippi-Hagenbuch
“Moving forward, we will continue to benefit from opportunities afforded by a generational investment in infrastructure, the fast-growing economies in the Sun Belt, and numerous organic and acquisitive growth opportunities to scale our organization and deliver value to our stockholders.”
– Jule Smith, CPI
“The benefits of cutting-edge technology for jobsite safety will become more evident in 2025. Field-focused solutions – layout tools, laser scanners, mobile mapping systems and drones – are becoming more affordable and versatile, with greatly simplified data management capabilities.”
– Khrystyna Bezborodova, Trimble
“The market continues to be robust, and we added to our CAP (committed and awarded projects) despite the third quarter being our highest-revenue quarter.”
– Kyle Larkin, Granite Construction
