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World Asphalt


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World Asphalt

World demand to rise 3.6% annually through 2017
World demand for primary asphalt, which is refined from crude petroleum or mined from naturally occurring sources, is projected to rise 3.6 percent yearly through 2017 from a weak 2012 base to 121 million metric tons (734 million barrels). Many developing countries, particularly those in the Asia/Pacific region, will post strong growth in asphalt demand as they work to improve transportation infrastructure. Mature asphalt markets, which saw declining demand between 2007 and 2012, will recover steadily, though in most cases 2017 asphalt demand will still be below 2007 levels. Gains will be fueled by especially strong growth in asphalt consumption in China and recovering demand in most developed countries.

Asia/Pacific region to be fastest growing market
The Asia/Pacific region, which overtook North America in 2009 as the world’s largest regional consumer of asphalt, is forecast to see the most rapid advances through 2017. China is expected to post robust growth through 2017, surpassing the United States as the largest national market for asphalt worldwide, despite deceleration from near double-digit annual growth in the 2007-2012 period. India, a much smaller asphalt market than China, will also post large annual gains through 2017 that will further boost regional demand. The massive transportation infrastructure building programs in those countries will fuel strong regional increases in asphalt demand as the region constructs new paved roads at a pace far exceeding that of any other region. Developed countries are also projected to see good gains through 2017, yet in most cases, they will not make up for the sharp contractions in asphalt consumption following the global economic recession. North America is a major asphalt consumer because of the need for maintenance on the region’s massive network of roads and highways. In addition, the US and Canada are major consumers of asphalt for roofing products; demand for those products will rise with increased building construction expenditures through 2017.

Japan and Western Europe experienced similar declines between 2007 and 2012. Recovery in asphalt demand in these countries will be driven by heightened expenditure on road maintenance and repair applications after years of very low spending on infrastructure improvements. Many countries maintain backlogs of necessary road repairs, which will bolster demand for asphalt for paving applications. While demand for asphalt will grow in both Western Europe and Japan through 2017, neither will register gains that make up for the declines exhibited in the 2007-2012 period.

Asphaltic roofing products gain market share in China
Paving products accounted for about four-fifths of asphalt demand in 2012. Asphalt is the dominant material in the global paving segment and is favored over concrete in most road paving applications for its noise reduction capabilities, relative speed of application, and price. On the other hand, in the global roofing market, asphalt products face competition from many other materials including clay and concrete tile, metal, and fiber cement. While asphalt products predominate in some countries, most significantly the US and Canada, they hold only a small share in many other countries. Through 2017, increasing use of modified bitumen membranes and asphalt shingles will drive gains, especially in China where asphaltic roofing products make up a growing share of the large roofing market.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table WORLD ASPHALT DEMAND
  • MARKET ENVIRONMENT
    • General
    • World Economic Overview
      • Recent Historical Trends
      • World Economic Outlook
        • Table WORLD GROSS DOMESTIC PRODUCT BY REGION
    • World Construction Overview
      • Table WORLD CONSTRUCTION EXPENDITURES BY REGION
      • Building Construction
        • Table WORLD BUILDING CONSTRUCTION EXPENDITURES BY REGION
        • Table WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION
        • Table WORLD NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION
      • Nonbuilding Construction
        • Table WORLD NONBUILDING CONSTRUCTION EXPENDITURES BY REGION
    • Paved Roads Overview
      • Table WORLD PAVED ROADS BY REGION
    • World Demographic Overview
      • Population
        • Table WORLD POPULATION BY REGION
      • Households
        • Table WORLD HOUSEHOLDS BY REGION
    • World Crude Petroleum Outlook
      • Table WORLD CRUDE PETROLEUM PRODUCTION BY REGION
    • World Refining Outlook
      • Table WORLD REFINED PETROLEUM PRODUCT OUTPUT BY REGION
    • Environmental & Regulatory Issues
      • Recycling
      • Legal & Legislative Issues
    • Technology Trends
      • Asphalt Paving Mixtures
      • Asphalt Roofing Products
  • OVERVIEW
    • General
    • Asphalt Demand by Region
      • Table WORLD ASPHALT DEMAND BY REGION
      • Table CHART III-1 WORLD ASPHALT DEMAND BY REGION, 2012
    • Asphalt Demand by Product
      • Table WORLD ASPHALT DEMAND BY PRODUCT
      • Table CHART III-2 WORLD ASPHALT DEMAND BY PRODUCT, 2012
      • Paving Products
        • Table WORLD ASPHALT DEMAND IN PAVING PRODUCTS
      • Roofing Products
        • Table WORLD ASPHALT DEMAND IN ROOFING PRODUCTS
      • Other Asphalt Products
        • Table WORLD ASPHALT DEMAND IN OTHER PRODUCTS
    • Relationship of Primary Asphalt to Asphalt Products
      • Table CHART III-3 PRIMARY ASPHALT FLOW CHART
    • Primary Asphalt Demand by Region
      • Table WORLD PRIMARY ASPHALT DEMAND BY REGION
    • Primary Asphalt Production by Region
      • Table WORLD PRIMARY ASPHALT PRODUCTION BY REGION
    • International Trade in Primary Asphalt
      • Table WORLD PRIMARY ASPHALT TRADE FLOWS
    • Asphalt Demand & Economic Activity
      • Table CHART III-4 PER CAPITA ASPHALT DEMAND & PER CAPITA GDP RELATIONSHIP, 2012
  • NORTH AMERICA
    • North America: Market Environment
    • North America: Asphalt Supply & Demand
      • Table NORTH AMERICA: ASPHALT SUPPLY & DEMAND
      • Table CHART IV-1 NORTH AMERICA: ASPHALT DEMAND BY COUNTRY, 2012
    • North America: Asphalt Demand by Product
      • Table NORTH AMERICA: ASPHALT DEMAND BY PRODUCT
      • Table CHART IV-2 NORTH AMERICA: ASPHALT DEMAND BY PRODUCT, 2012
    • United States
      • United States: Market Environment
      • United States: Asphalt Supply & Demand
        • Table UNITED STATES: ASPHALT SUPPLY & DEMAND
      • United States: Asphalt Demand by Product
        • Table UNITED STATES: ASPHALT DEMAND BY PRODUCT
    • Canada
      • Canada: Market Environment
      • Canada: Asphalt Supply & Demand
        • Table CANADA: ASPHALT SUPPLY & DEMAND
      • Canada: Asphalt Demand by Product
        • Table CANADA: ASPHALT DEMAND BY PRODUCT
    • Mexico
      • Mexico: Market Environment
      • Mexico: Asphalt Supply & Demand
        • Table MEXICO: ASPHALT SUPPLY & DEMAND
      • Mexico: Asphalt Demand by Product
        • Table MEXICO: ASPHALT DEMAND BY PRODUCT
  • WESTERN EUROPE
    • Western Europe: Market Environment
    • Western Europe: Asphalt Supply & Demand
      • Table WESTERN EUROPE: ASPHALT SUPPLY & DEMAND
      • Table CHART V-1 WESTERN EUROPE: ASPHALT DEMAND BY COUNTRY, 2012
    • Western Europe: Asphalt Demand by Product
      • Table WESTERN EUROPE: ASPHALT DEMAND BY PRODUCT
      • Table CHART V-2 WESTERN EUROPE: ASPHALT DEMAND BY PRODUCT, 2012
    • France
      • France: Market Environment
      • France: Asphalt Supply & Demand
        • Table FRANCE: ASPHALT SUPPLY & DEMAND
      • France: Asphalt Demand by Product
        • Table FRANCE: ASPHALT DEMAND BY PRODUCT
    • Germany
      • Germany: Market Environment
      • Germany: Asphalt Supply & Demand
        • Table GERMANY: ASPHALT SUPPLY & DEMAND
      • Germany: Asphalt Demand by Product
        • Table GERMANY: ASPHALT DEMAND BY PRODUCT
    • Italy
      • Italy: Market Environment
      • Italy: Asphalt Supply & Demand
        • Table ITALY: ASPHALT SUPPLY & DEMAND
      • Italy: Asphalt Demand by Product
        • Table ITALY: ASPHALT DEMAND BY PRODUCT
    • United Kingdom
      • United Kingdom: Market Environment
      • United Kingdom: Asphalt Supply & Demand
        • Table UNITED KINGDOM: ASPHALT SUPPLY & DEMAND
      • United Kingdom: Asphalt Demand by Product
        • Table UNITED KINGDOM: ASPHALT DEMAND BY PRODUCT
    • Spain
      • Spain: Market Environment
      • Spain: Asphalt Supply & Demand
        • Table SPAIN: ASPHALT SUPPLY & DEMAND
      • Spain: Asphalt Demand by Product
        • Table SPAIN: ASPHALT DEMAND BY PRODUCT
    • Other Western Europe
      • Other Western Europe: Market Environment
      • Other Western Europe: Asphalt Supply & Demand
        • Table OTHER WESTERN EUROPE: ASPHALT SUPPLY & DEMAND
      • Other Western Europe: Asphalt Demand by Product
        • Table OTHER WESTERN EUROPE: ASPHALT DEMAND BY PRODUCT
      • Other Western Europe: Asphalt Demand by Country
        • Table OTHER WESTERN EUROPE: ASPHALT DEMAND BY COUNTRY
  • ASIA/PACIFIC
    • Asia/Pacific: Market Environment
    • Asia/Pacific: Asphalt Supply & Demand
      • Table ASIA/PACIFIC: ASPHALT SUPPLY & DEMAND
      • Table CHART VI-1 ASIA/PACIFIC: ASPHALT DEMAND BY COUNTRY, 2012
    • Asia/Pacific: Asphalt Demand by Product
      • Table ASIA/PACIFIC: ASPHALT DEMAND BY PRODUCT
      • Table CHART VI-2 ASIA/PACIFIC: ASPHALT DEMAND BY PRODUCT, 2012
    • China
      • China: Market Environment
      • China: Asphalt Supply & Demand
        • Table CHINA: ASPHALT SUPPLY & DEMAND
      • China: Asphalt Demand by Product
        • Table CHINA: ASPHALT DEMAND BY PRODUCT
    • India
      • India: Market Environment
      • India: Asphalt Supply & Demand
        • Table INDIA: ASPHALT SUPPLY & DEMAND
      • India: Asphalt Demand by Product
        • Table INDIA: ASPHALT DEMAND BY PRODUCT
    • Japan
      • Japan: Market Environment
      • Japan: Asphalt Supply & Demand
        • Table JAPAN: ASPHALT SUPPLY & DEMAND
      • Japan: Asphalt Demand by Product
        • Table JAPAN: ASPHALT DEMAND BY PRODUCT
    • Indonesia
      • Indonesia: Market Environment
      • Indonesia: Asphalt Supply & Demand
        • Table INDONESIA: ASPHALT SUPPLY & DEMAND
      • Indonesia: Asphalt Demand by Product
        • Table INDONESIA: ASPHALT DEMAND BY PRODUCT
    • Australia
      • Australia: Market Environment
      • Australia: Asphalt Supply & Demand
        • Table AUSTRALIA: ASPHALT SUPPLY & DEMAND
      • Australia: Asphalt Demand by Product
        • Table AUSTRALIA: ASPHALT DEMAND BY PRODUCT
    • South Korea
      • South Korea: Market Environment
      • South Korea: Asphalt Supply & Demand
        • Table SOUTH KOREA: ASPHALT SUPPLY & DEMAND
      • South Korea: Asphalt Demand by Product
        • Table SOUTH KOREA: ASPHALT DEMAND BY PRODUCT
    • Other Asia/Pacific
      • Other Asia/Pacific: Market Environment
      • Other Asia/Pacific: Asphalt Supply & Demand
        • Table OTHER ASIA/PACIFIC: ASPHALT SUPPLY & DEMAND
      • Other Asia/Pacific: Asphalt Demand by Product
        • Table OTHER ASIA/PACIFIC: ASPHALT DEMAND BY PRODUCT
      • Other Asia/Pacific: Asphalt Demand by Country
        • Table OTHER ASIA/PACIFIC: ASPHALT DEMAND BY COUNTRY
  • OTHER REGIONS
    • Central & South America
      • Central & South America: Market Environment
      • Central & South America: Asphalt Supply & Demand
        • Table CENTRAL & SOUTH AMERICA: ASPHALT SUPPLY & DEMAND
        • Table CHART VII-1 CENTRAL & SOUTH AMERICA: ASPHALT DEMAND BY COUNTRY, 2012
      • Central & South America: Asphalt Demand by Product
        • Table CENTRAL & SOUTH AMERICA: ASPHALT DEMAND BY PRODUCT
        • Table CHART VII-2 CENTRAL & SOUTH AMERICA: ASPHALT DEMAND BY PRODUCT, 2012
      • Brazil
        • Table BRAZIL: ASPHALT SUPPLY & DEMAND
        • Table BRAZIL: ASPHALT DEMAND BY PRODUCT
      • Other Central & South America
        • Table OTHER CENTRAL & SOUTH AMERICA: ASPHALT SUPPLY & DEMAND
        • Table OTHER CENTRAL & SOUTH AMERICA: ASPHALT DEMAND BY PRODUCT
        • Table OTHER CENTRAL & SOUTH AMERICA: ASPHALT DEMAND BY COUNTRY
    • Eastern Europe
      • Eastern Europe: Market Environment
      • Eastern Europe: Asphalt Supply & Demand
        • Table EASTERN EUROPE: ASPHALT SUPPLY & DEMAND
        • Table CHART VII-3 EASTERN EUROPE: ASPHALT DEMAND BY COUNTRY, 2012
      • Eastern Europe: Asphalt Demand by Product
        • Table EASTERN EUROPE: ASPHALT DEMAND BY PRODUCT
        • Table CHART VII-4 EASTERN EUROPE: ASPHALT DEMAND BY PRODUCT, 2012
      • Russia
        • Table RUSSIA: ASPHALT SUPPLY & DEMAND
        • Table RUSSIA: ASPHALT DEMAND BY PRODUCT
      • Poland
        • Table POLAND: ASPHALT SUPPLY & DEMAND
        • Table POLAND: ASPHALT DEMAND BY PRODUCT
      • Other Eastern Europe
        • Table OTHER EASTERN EUROPE: ASPHALT SUPPLY & DEMAND
        • Table OTHER EASTERN EUROPE: ASPHALT DEMAND BY PRODUCT
        • Table OTHER EASTERN EUROPE: ASPHALT DEMAND BY COUNTRY
    • Africa/Mideast
      • Africa/Mideast: Market Environment
      • Africa/Mideast: Asphalt Supply & Demand
        • Table AFRICA/MIDEAST: ASPHALT SUPPLY & DEMAND
        • Table CHART VII-5 AFRICA/MIDEAST: ASPHALT DEMAND BY COUNTRY, 2012
      • Africa/Mideast: Asphalt Demand by Product
        • Table AFRICA/MIDEAST: ASPHALT DEMAND BY PRODUCT
        • Table CHART VII-6 AFRICA/MIDEAST: ASPHALT DEMAND BY PRODUCT, 2012
      • Turkey
        • Table TURKEY: ASPHALT SUPPLY & DEMAND
        • Table TURKEY: ASPHALT DEMAND BY PRODUCT
      • Other Africa/Mideast
        • Table OTHER AFRICA/MIDEAST: ASPHALT SUPPLY & DEMAND
        • Table OTHER AFRICA/MIDEAST: ASPHALT DEMAND BY PRODUCT
        • Table OTHER AFRICA/MIDEAST: ASPHALT DEMAND BY COUNTRY
  • INDUSTRY STRUCTURE
    • General
    • Market Share
      • Primary Asphalt Market Leaders
        • Table CHART VIII-1 WORLD PRIMARY ASPHALT CAPACITY SHARE, 2012
      • Paving Asphalt Market Leaders
        • Table CHART VIII-2 WORLD PAVING ASPHALT MARKET SHARE, 2012
      • Roofing Asphalt Market Leaders
        • Table CHART VIII-3 WORLD ASPHALT ROOFING MARKET SHARE, 2012
    • Acquisitions & Divestures
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Marketing & Distribution
    • Manufacturing
    • Product Development
    • Company Profiles
      • Anglo American plc
      • Berkshire Hathaway Incorporated
      • Bouygues SA
      • BP plc
      • Building Materials Corporation of America
      • CEMEX SAB de CV
      • Chevron Corporation
      • China National Offshore Oil Corporation
      • China National Petroleum Corporation
      • China Petroleum & Chemical Corporation
      • CRH plc
      • Ennis-Flint
      • Exxon Mobil Corporation
      • HeidelbergCement AG
      • Icopal a/s
      • IKO Group
      • Indian Oil Corporation Limited
      • Jiangsu BaoLi Asphalt Company Limited
      • JX Holdings Incorporated
      • Kukdong Oil & Chemicals Company Limited
      • Lafarge SA
      • Luxiang Company Limited
      • Mapei SpA
      • Marathon Petroleum Corporation
      • MeadWestvaco Corporation
      • Neste Oil Oyj
      • NuStar Energy LP
      • Onduline SA
      • Owens Corning
      • Perusahaan Pertambangan Minyak Dan Gas Bumi Negara
      • Petróleo Brasileiro SA
      • Petróleos de Venezuela SA
      • Petróleos Mexicanos SA
      • Phillips 66
      • Repsol SA
      • Royal Dutch Shell plc
      • Saint-Gobain
      • SemGroup Corporation
      • Soprema SAS
      • STRABAG SE
      • Tiki Tar Industries
      • Total SA
      • Valero Energy Corporation
      • Veidekke ASA
    • Other Companies Mentioned in the Study

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