Market Research Logo

Asphalt in China

Asphalt demand in China to grow over 6% annually through 2010
The asphalt market in China has expanded 12.5 percent a year during the last decade and topped 12.3 million metric tons in 2005. Demand increases will continue to outpace the worldwide asphalt market, rising 6.0 percent annually through 2010 to over 16 million metric tons, benefitting from robust growth in the booming construction industry in China.

Demand for paving asphalt to post outstanding gains
Demand for asphalt in paving applications is projected to register robust gains through 2010. Among the different types of asphalt paving products, demand for emulsified asphalt will benefit from increasing use in maintenance and repair applications and post the best gains through 2010. Asphalt cement will continue as the dominant asphalt paving product, accounting for over threequarters of overall demand for paving asphalt. In addition, continuing adoption of performance-based specifications for road construction will generate demand for polymer-modified asphalts.

Please Note: Freedonia requires that, for PDF orders, clients sign a confidentiality agreement prior to fulfillment of PDF email delivery.


Nonbuilding market will remain dominant
Nonbuilding construction will remain the largest as well as the fastest growing market for asphalt products, benefitting from the country’s ambitious road construction plan, reflecting the government’s efforts to improve the country’s infrastructure. The nonresidential building market for asphalt will also enjoy healthy expansion over the forecast period as construction activity continue to post strong gains, particularly in the office, commercial and industrial segments. Nonresidential building activity will boost demand for asphaltic roofing, such as built-up roofing and modified bitumen membranes, as well as for asphalt paving products used in driveways and parking lots. Asphalt demand in the residential building segment is expected to grow at modest rates during the forecast period. Nevertheless, such roofing products as asphalt shingles and modified bitumen membranes will continue their inroads in the residential building market, driving asphalt demand.

Opportunities vary by region
Although China is a single nation, it consists of many distinct regional markets characterized by different economies, cultures and languages. The Northwest remains largely underdeveloped, but is targeted by the central government’s “Go West” strategy, which will result in sizable growth in roofing demand, benefitting from surging building construction activity in the region. Also, the Northeast -- credited as “the cradle of China’s planned economy”, although it has experienced subpar economic growth in the past decade -- is positioned by the central government’s “Reviving the Northeast” campaign to become the fourth economic engine for China, joining ranks with the Pearl River Delta, the Yangtze River Delta and the Jing-Jin-Tang Triangle areas. However, the Central-East and Central-South regions will remain home to well over half of China’s total population and will continue to be the two biggest regional asphalt markets in China through 2010.

INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
Economic Overview
Recent Economic Performance
Economic Outlook
Demographic Overview
Population
Households
Industrialization & Manufacturing Trends
Labor Force & Employment Trends
Personal Income Trends
Banking System & Regulations
Currency Exchange
The Eleventh Five-Year Plan
Nonbuilding Construction Outlook
New Construction
Improvements & Repairs
Roads & Other Transportation
Building Construction Outlook
Residential
New Housing
Additions & Alterations
Maintenance & Repairs
Housing Stock & Living Space
Nonresidential
New Construction
Additions & Alterations
Maintenance & Repairs
Building Stock
Competing Materials
World Outlook
Foreign Trade
III. PRIMARY ASPHALT
General
Supply & Demand
Primary Asphalt Types
IV. ASPHALT PRODUCTS
General
Demand Drivers
Paving
Asphalt Cement
Asphalt Emulsions
Cutback Asphalts
Other Paving Asphalts
Roofing
Built-Up & Roll Roofing
Modified Bitumen Roofing
Asphalt Shingles
Other Roofing-Related Asphalts
Other Asphalt Products
V. ASPHALT PRODUCT MARKETS
General
Nonbuilding Construction
New
Maintenance & Repairs
Nonresidential Building Construction
New
Improvements & Repairs
Residential Building Construction
New
Improvements & Repairs
Other Markets
VI. REGIONAL TRENDS
General
Regional Demographic & Economic Trends
Population Patterns
Economic Outlook
Construction Expenditures
Nonbuilding Construction Expenditures
Nonresidential Building Construction Expenditures
Residential Building Construction Expenditures
Regional Asphalt Demand
Central-North
Overview
Asphalt Demand
Northeast
Overview
Asphalt Demand
Central-East
Overview
Asphalt Demand
Central-South
Overview
Asphalt Demand
Southwest
Overview
Asphalt Demand
Northwest
Overview
Asphalt Demand
VII. INDUSTRY STRUCTURE
General
Industry Composition
Market Share
China Petroleum & Chemical (Sinopec)
PetroChina
China National Offshore Oil (CNOOC)
Qingdao Guangyuanfa Group
Shandong Befar Group
Panjin Northern Asphalt
Other Leading Companies
Foreign Participation in the Chinese Market
Legal & Regulatory Issues
Joint Ventures
Wholly-Owned Foreign Enterprises
Representative Offices
Exporting to China
Cooperative Agreements
Company Profiles
Anglo American plc
Bouygues Group
Caltex, see Chevron Corporation
Chevron Corporation
Colas SA, see Bouygues Group
China National Offshore Oil Corporation
China Offshore Bitumen Enterprise Group, see
China National Offshore Oil Corporation
China Petroleum & Chemical Corporation
China Petroleum Sales Jiangsu Company Limited
CNOOC Bitumen Sichuan, see
China National Offshore Oil Corporation
Dagang Oil Field Group Company Limited
Exxon Mobil Corporation
Guangyuanfa Elf Bitumen Company, see
Qingdao Guangyuanfa Group Company
Guangyuanfa Group Bitumen Factory, see
Qingdao Guangyuanfa Group Company
Hanson plc
Huaxing Asphalt Plant, see Shandong Huaxing
Petrochemical Group Company
Jinhua SK Baoying Asphalt Storage Company, see
SK Corporation
Karamay Petrochemical, see PetroChina Company
Koch Industries Incorporated
Neste Oil Oyj
Ningpo Asphalt Terminal, see SK Corporation
Panjin Northern Asphalt Company Limited
Panjin Nynas North Bitumen Company, see Neste Oil Oyj
and Panjin Northern Asphalt Company
Panjin PetroChina Liaohe Asphalt Company, see
PetroChina Company Limited
PetroChina Company Limited
Qingdao Guangyuanfa Group Company
Rizhao Lanshan Caltex Asphalt Company, see
Chevron Corporation
Royal Dutch Shell plc
Shandong Befar Group Company Limited
Shandong Huaxing Petrochemical Group Company
Shanghai Pioneer Road Service Company, see
Royal Dutch Shell
Shanghai Pusheng Asphalt Concrete, see Anglo American
Shanxi Hongte Coal Chemical Industry Company Limited
Shell China Limited, see Royal Dutch Shell plc
Shenzhen Novophalt Asphalt High Technology Company
Sichuan Shengma Chemical Company Limited
SK Corporation
Tarmac China, see Anglo American plc
Tipco Asphalt Public Company, see Bouygues Group
Total SA
West Pacific Petrochemical Company Limited
Xiamen Luyong Petrochemical Company, see
China Petroleum & Chemical Corporation
Xingying Petroleum Pitch Factory, see
Sichuan Shengma Chemical Company
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
1 Gross Domestic Product of China
2 Population of China
3 Households in China by Region
4 Manufacturing Value Added in China
5 Urban Labor Force & Employment Trends in China, 1995-2005
6 Per Capita GDP in China by Region
7 Interest Rates in China, 1995-2005
8 Chinese Currency Exchange Rates, 1995-2005
9 Nonbuilding Construction Expenditures in China
10 Paved Roads in China by Region
11 Building Construction Expenditures in China
12 Residential Building Construction Expenditures in China
13 Housing Stock & Living Space in China
14 Nonresidential Building Construction Expenditures in China
15 Nonresidential Building Stock in China
16 World Asphalt Demand by Region
17 Trends in Chinese Foreign Trade in Asphalt
SECTION III -- PRIMARY ASPHALT
1 Primary Asphalt Supply & Demand in China
SECTION IV -- ASPHALT PRODUCTS
1 Asphalt Demand in China by Product
2 Paving Products in China -- Asphalt Demand by Type
3 Asphalt Cement Demand in China
4 Asphalt Demand in Asphalt Emulsions in China
5 Asphalt Demand in Cutback Asphalts in China
6 Asphalt Demand in Other Paving Products in China
7 Roofing Asphalt Demand in China
8 Built-Up & Roll Roofing -- Asphalt Demand in China
9 Modified Bitumen Roofing -- Asphalt Demand in China
10 Asphalt Shingles -- Asphalt Demand in China
11 Other Roofing Asphalt Demand in China
12 Other Asphalt Products -- Asphalt Demand in China
SECTION V -- ASPHALT PRODUCT MARKETS
1 Asphalt Demand in China by Market & Application
2 Nonbuilding Construction -- Asphalt Demand in China
3 New Nonbuilding Construction -- Asphalt Demand in China
4 Nonbuilding Maintenance & Repairs -- Asphalt Demand in China
5 Nonresidential Building Construction -- Asphalt Demand in China
6 New Nonresidential Building Construction -- Asphalt Demand in China
7 Nonresidential Building Improvements & Repairs -- Asphalt Demand in China
8 Residential Building Construction -- Asphalt Demand in China
9 New Residential Building Construction -- Asphalt Demand in China
10 Residential Building Improvements & Repairs -- Asphalt Demand in China
11 Other Markets -- Asphalt Demand in China
SECTION VI -- REGIONAL TRENDS
1 Population of China by Region
2 Gross Domestic Product of China by Region
3 Construction Expenditures in China by Region
4 Nonbuilding Construction Expenditures in China by Region
5 Nonresidential Building Construction Expenditures in China by Region
6 Residential Building Construction Expenditures in China by Region
7 Asphalt Demand in China by Region
8 Central-North Region of China: Asphalt Demand
9 Northeast Region of China: Asphalt Demand
10 Central-East Region of China: Asphalt Demand
11 Central-South Region of China: Asphalt Demand
12 Southwest Region of China: Asphalt Demand
13 Northwest Region of China: Asphalt Demand
SECTION VII -- INDUSTRY STRUCTURE
1 Revenue Data: Selected Asphalt Companies, 2005
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Population of China by Age
2 Urban Unemployment Rate in China, 1995-2005
3 Interest Rates in China, 1995-2005
4 Chinese Currency Exchange Rates, 1995-2005
5 Building Construction Expenditures in China by Type
6 World Asphalt Demand by Region, 2005
SECTION III -- PRIMARY ASPHALT
1 Primary Asphalt Flow Chart
SECTION IV -- ASPHALT PRODUCTS
1 Asphalt Demand in China by Product, 2005
2 Paving Asphalt Demand by Type, 2005
3 Roofing Asphalt Demand by Type, 2005
SECTION V -- ASPHALT PRODUCT MARKETS
1 Asphalt Demand in China by Market, 2005
SECTION VI -- REGIONAL TRENDS
1 Asphalt Demand in China by Region, 2005
2 Central-North Region of China
3 Northeast Region of China
4 Central-East Region of China
5 Central-South Region of China
6 Southwest Region of China
7 Northwest Region of China
SECTION VII -- INDUSTRY STRUCTURE
1 Asphalt Market Share in China by Company, 2005

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report