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The 2022 Construction Materials Outlook

1 SEIZING THE OPPORTUNITIES AHEAD:The 2022 Construction Materials OutlookJanuary 20222 Construction Materials (CM)1 firms saw steady growth and strong earnings in 2021, after the uncertainty in 2020 from the Covid pandemic. The Geological Survey estimates that aggregates output grew 4% year over year for both crushed stone and sand and gravel in the third quarter of 2021, which outpaces historic This growth continues to be driven by infrastructure spending and the expanding residential Construction and e-commerce sectors. Demand for CM is set to soar even higher with funding from the $ trillion Infrastructure Investment and Jobs Act (IIJA), which Congress passed in November 2021. While the language is complex and introduces a new definition of infrastructure, the result for traditional infrastructure is a once-in-a-generation investment.

2 Construction Materials (CM)1 firms saw steady growth and strong earnings in 2021, after the uncertainty in 2020 from the Covid pandemic. The U.S. Geological Survey estimates that aggregates output grew 4% year over year for both crushed stone and sand and gravel in the third quarter of 2021, which outpaces

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