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Going forward, JL White International expects the industry to benefit from the continued
construction of new homes and from accelerating construction of private commercial
centers, office space and health and education centers.
However, volatile growth in the infrastructure and utilities construction markets may
inhibit the industry from reaching its full potential especially since these markets are
exposed to potential cuts and reversals at both local and federal levels.
Furthermore, market saturation and limited profit growth are likely to propel operators to
intensify the vertical integration of quarrying, cement, and ready-mix concrete
manufacturing operations in an attempt to cut costs and bolster profit.
Overall, JL White International expects industry revenue to increase at an average annual
rate of 2.3% through 2021 to $31.5 billion.
Prepared for Growers Ice Company, Inc.
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Jim White, PhD --- JL White International