Global consumption of asphalt is forecast to advance 4.1 percent annually from a very weak base to 119.5 million metric tons in 2015. Gains will be most rapid in North America. Massive infrastructure projects in China and India will continue to drive strong growth in the Asia/Pacific region.

This study analyzes the 98 million metric ton world asphalt industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 for primary asphalt, asphalt products (e.g., paving, roofing), world region and for 24 major countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry players, including NuStar Energy, Royal Dutch Shell and Exxon Mobil.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION							      xi

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		World Economic Overview						       5
		   Recent Historical Trends					       5
		   World Economic Outlook					       7
		World Construction Overview					      11
		   Building Construction					      13
		      Residential Building Construction				      15
		      Nonresidential Building Construction			      17
		   Nonbuilding Construction					      19
		Paved Roads Overview						      21
		World Demographic Overview					      23
		   Population							      24
		   Households							      25
		World Crude Petroleum Outlook					      27
		World Refining Outlook						      29
		Environmental & Regulatory Issues				      32
		   Recycling							      33
		   Legal & Legislative Issues					      36
		Technology Trends						      40
		   Asphalt Paving Mixtures					      41
		   Asphalt Roofing Products					      48

	III.	OVERVIEW							      50
		General								      50
		Asphalt Demand by Region					      50
		Asphalt Demand by Product					      54
		   Paving Products						      57
		   Roofing Products						      61
		   Other Asphalt Products					      64
		Relationship of Primary Asphalt to Asphalt Products		      66
		Primary Asphalt Demand by Region				      69
		Primary Asphalt Production by Region				      71
		International Trade in Primary Asphalt				      73
		Asphalt Demand & Economic Activity				      76

	IV.	NORTH AMERICA							      79
		General								      79
		   Market Environment						      79
		   Asphalt Demand						      82
		   Suppliers							      85
		United States							      85
		Canada								      93
		Mexico								      99

	V.	WESTERN EUROPE							     105
		General								     105
		   Market Environment						     105
		   Asphalt Demand						     109
		   Suppliers							     112
		France								     113
		Germany								     119
		Spain								     124
		Italy								     130
		United Kingdom							     136
		Other Western Europe						     142
		      Sweden							     147
		      Austria							     148
		      Netherlands						     149
		      Portugal							     150
		      All Other Western Europe					     150

	VI.	ASIA/PACIFIC							     152
		General								     152
		   Market Environment						     152
		   Asphalt Demand						     156
		   Suppliers							     159
		China								     159
		India								     167
		Japan								     174
		Indonesia							     181
		Australia							     186
		Other Asia/Pacific						     192
		      Thailand							     198
		      South Korea						     199
		      Malaysia							     199
		      All Other Asia/Pacific					     200

	VII.	OTHER REGIONS							     201
		Central & South America						     201
		   Brazil							     207
		   Other Central & South America				     213
		Eastern Europe							     221
		   Russia							     227
		   Poland							     233
		   Other Eastern Europe						     239
		Africa/Mideast							     246
		   Turkey							     254
		   Other Africa/Mideast						     260

	VIII.	INDUSTRY STRUCTURE						     267
		General								     267
		Market Share							     268
		   Primary Asphalt Market Leaders				     268
		   Paving Asphalt Market Leaders				     273
		   Roofing Asphalt Market Leaders				     276
		Acquisitions & Divestitures					     278
		Cooperative Agreements						     281
		Marketing & Distribution					     285
		Manufacturing							     286
		Product Development						     287
		Company Profiles						     290
		   Anglo American plc						     291
		   Asphalt Holdings, see NuStar Energy
		   Asphaltco, see IKO Group
		   ATAB, see IKO Group
		   AWA, see IKO Group
		   Barrett Paving Materials, see Bouygues
		   Berkshire Hathaway Incorporated				     294
		   Bouygues SA							     297
		   BP plc							     303
		   Building Materials Corporation of America			     306
		   Burdick Paving, see CRH
		   Caltex, see Chevron
		   Canroof, see IKO Group
		   CEMEX SAB de CV						     309
		   CertainTeed, see Saint-Gobain
		   Chevron Corporation						     311
		   China Petroleum & Chemical Corporation			     313
		   Colas, see Bouygues
		   Colaska, see Bouygues
		   Compania Espanola de Petróleos, see Total
		   ConocoPhillips						     316
		   CPM Development, see CRH
		   CRH plc							     317
		   Dalian West Pacific Petrochemical, see Total
		   Delta Companies, see Bouygues
		   Deer Park Refinery Partnership, see Petróleos Mexicanos and Royal Dutch Shell
		   Esso, see Exxon Mobil
		   Exxon Mobil Corporation					     326
		   GAF Materials, see Building Materials of America
		   Hanson, see HeidelbergCement
		   HeidelbergCement AG						     330
		   Icopal A/S							     333
		   IKO Group							     336
		   Imperial Oil, see Exxon Mobil
		   Indian Oil Corporation Limited				     340
		   Integrated Paving Concepts Incorporated			     341
		   Johns Manville, see Berkshire Hathaway
		   JX Holdings Incorporated					     343
		   Kukdong Oil & Chemicals Company Limited			     345
		   Lafarge SA							     347
		   Mapei SpA							     350
		   Marathon Petroleum Corporation				     352
		   MeadWestvaco Corporation					     354
		   Meple, see IKO Group
		   Michigan Paving & Materials, see CRH
		   Midland Quarry Products, see Anglo American and 
		      HeidelbergCement
		   Montana Group, see CRH
		   Neste Oil Oyj						     356
		   NOE, see JX Holdings
		   NuStar Energy LP						     358
		   Nynas, see Neste Oilj and Petróleos de Venezuela
		   Oldcastle Materials, see CRH
		   Onduline SA							     360
		   Owens Corning						     362
		   Pemex-Refinacion, see Petróleos Mexicanos
		   Pennsy Supply, see CRH
		   Permanite Asphalt, see IKO Group
		   Petrobras, see Petroleo Brasileiro
		   Petroleo Brasileiro SA					     366
		   Petróleos de Venezuela SA					     368
		   Petróleos Mexicanos SA					     370
		   Pike Industries, see CRH
		   Pioneer North Queensland, see HeidelbergCement
		   PJ Keating, see CRH
		   Repsol YPF SA						     372
		   Rizhao Chevron Asphalt, see Chevron and JX Holdings
		   Roadstone Dublin, see CRH
		   Royal Dutch Shell plc					     374
		   Ruberoid Building Products, see IKO Group
		   Ruhr Oel, see BP
		   Saint-Gobain							     381
		   SAPREF, see BP and Royal Dutch Shell
		   Shelly, see CRH
		   Showa Shell Sekiyu, see Royal Dutch Shell
		   Simon Contractors, see Bouygues
		   Sinopec, see China Petroleum & Chemical
		   Sintra, see Bouygues
		   Siplast Icopal, see Icopal
		   Sloan Construction, see Bouygues
		   Slusser Brothers, see CRH
		   Soprema SA							     384
		   Staker Parson, see CRH
		   STRABAG SE							     386
		   Sydbeläggningar, see Veidekke
		   Tallant Industries, see Onduline
		   Tarmac Group, see Anglo American
		   Tilcon Connecticut, see CRH
		   Tipco Asphalt Public, see Bouygues
		   TonenGeneral Sekiyu, see Exxon Mobil
		   Total SA							     389
		   Trumbull Asphalt, see Owens Corning
		   Valero Energy Corporation					     392
		   Veidekke ASA							     394
		   Villas Austria, see Icopal
		Other Companies Mentioned in the Study				     396

				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	World Gross Domestic Product by Region				      11
	2	World Construction Expenditures by Region			      13
	3	World Building Construction Expenditures by Region		      15
	4	World Residential Building Construction  Expenditures 
		   by Region							      17
	5	World Nonresidential Building Construction  Expenditures 
		   by Region							      19
	6	World Nonbuilding Construction  Expenditures by Region		      21
	7	World Paved Roads by Region					      23
	8	World Population by Region					      25
	9	World Households by Region					      27
	10	World Crude Petroleum Production by Region			      29
	11	World Refined Petroleum Product Output by Region		      32

		SECTION III -- OVERVIEW
	1	World Asphalt Demand by Region					      53
	2	World Asphalt Demand by Product					      56
	3	World Asphalt Demand in Paving Products				      61
	4	World Asphalt Demand in Roofing Products			      64
	5	World Asphalt Demand in Other Products				      66
	6	World Primary Asphalt Demand by Region				      71
	7	World Primary Asphalt Production by Region			      73
	8	World Primary Asphalt Trade Flows				      76

		SECTION IV -- NORTH AMERICA
	1	North America:  Asphalt Supply & Demand				      81
	2	North America:  Asphalt Demand by Product			      84
	3	United States:  Asphalt Supply & Demand				      89
	4	United States:  Asphalt Demand by Product			      92
	5	Canada:  Asphalt Supply & Demand				      96
	6	Canada:  Asphalt Demand by Product				      98
	7	Mexico:  Asphalt Supply & Demand				     102
	8	Mexico:  Asphalt Demand by Product				     104

		SECTION V -- WESTERN EUROPE
	1	Western Europe:  Asphalt Supply & Demand			     108
	2	Western Europe:  Asphalt Demand by Product			     111
	3	France:  Asphalt Supply & Demand				     115
	4	France:  Asphalt Demand by Product				     118
	5	Germany:  Asphalt Supply & Demand				     121
	6	Germany:  Asphalt Demand by Product				     123
	7	Spain:  Asphalt Supply & Demand					     127
	8	Spain:  Asphalt Demand by Product				     129
	9	Italy:  Asphalt Supply & Demand					     133
	10	Italy:  Asphalt Demand by Product				     135
	11	United Kingdom:  Asphalt Supply & Demand			     139
	12	United Kingdom:  Asphalt Demand by Product			     141
	13	Other Western Europe:  Asphalt Supply & Demand			     144
	14	Other Western Europe:  Asphalt Demand by Product		     146
	15	Other Western Europe:  Asphalt Demand by Country		     147

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific:  Asphalt Supply & Demand				     155
	2	Asia/Pacific:  Asphalt Demand by Product			     158
	3	China:  Asphalt Supply & Demand					     163
	4	China:  Asphalt Demand by Product				     166
	5	India:  Asphalt Supply & Demand					     170
	6	India:  Asphalt Demand by Product				     173
	7	Japan:  Asphalt Supply & Demand					     177
	8	Japan:  Asphalt Demand by Product				     180
	9	Indonesia:  Asphalt Supply & Demand				     183
	10	Indonesia:  Asphalt Demand by Product				     185
	11	Australia:  Asphalt Supply & Demand				     189
	12	Australia:  Asphalt Demand by Product				     191
	13	Other Asia Pacific:  Asphalt Supply & Demand			     195
	14	Other Asia/Pacific:  Asphalt Demand by Product			     197
	15	Other Asia/Pacific:  Asphalt Demand by Country			     198

		SECTION VII -- OTHER REGIONS
	1	Central & South America:  Asphalt Supply & Demand		     203
	2	Central & South America:  Asphalt Demand by Product		     206
	3	Brazil:  Asphalt Supply & Demand				     210
	4	Brazil:  Asphalt Demand by Product				     212
	5	Other Central & South America:  Asphalt Supply & Demand		     215
	6	Other Central & South America:  Asphalt Demand by Product	     217
	7	Other Central & South America:  Asphalt Demand by Country	     218
	8	Eastern Europe:  Asphalt Supply & Demand			     223
	9	Eastern Europe:  Asphalt Demand by Product			     226
	10	Russia:  Asphalt Supply & Demand				     230
	11	Russia:  Asphalt Demand by Product				     232
	12	Poland:  Asphalt Supply & Demand				     236
	13	Poland:  Asphalt Demand by Product				     238
	14	Other Eastern Europe:  Asphalt Supply & Demand			     241
	15	Other Eastern Europe:  Asphalt Demand by Product		     243
	16	Other Eastern Europe:  Asphalt Demand by Country		     244
	17	Africa/Mideast:  Asphalt Supply & Demand			     249
	18	Africa/Mideast:  Asphalt Demand by Product			     252
	19	Turkey:  Asphalt Supply & Demand				     257
	20	Turkey:  Asphalt Demand by Product				     259
	21	Other Africa/Mideast:  Asphalt Supply & Demand			     262
	22	Other Africa/Mideast:  Asphalt Demand by Product		     264
	23	Other Africa/Mideast:  Asphalt Demand by Country		     265

		SECTION VIII -- INDUSTRY STRUCTURE
	1	Selected Acquisitions & Divestitures				     280
	2	Selected Cooperative Agreements					     283


				      LIST OF CHARTS

    CHART NUMBER								    PAGE

		SECTION III -- OVERVIEW
	1	World Asphalt Demand by Region, 2010				      54
	2	World Asphalt Demand by Product, 2010				      57
	3	Primary Asphalt Flow Chart					      68
	4	Per Capita Asphalt Demand & GDP Relationship, 2010		      78

		SECTION IV -- NORTH AMERICA
	1	North America:  Asphalt Demand by Country, 2010			      82
	2	North America:  Asphalt Demand by Product, 2010			      85

		SECTION V -- WESTERN EUROPE
	1	Western Europe:  Asphalt Demand by Country, 2010		     109
	2	Western Europe: Asphalt Demand by Product, 2010			     112

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific:  Asphalt Demand by Country, 2010			     156
	2	Asia/Pacific:  Asphalt Demand by Product, 2010			     159

		SECTION VII -- OTHER REGIONS
	1	Central & South America:  Asphalt Demand by Country, 2010	     204
	2	Central & South America:  Asphalt Demand by Product, 2010	     207
	3	Eastern Europe:  Asphalt Demand by Country, 2010		     224
	4	Eastern Europe:  Asphalt Demand by Product, 2010		     227
	5	Africa/Mideast:  Asphalt Demand by Country, 2010		     250
	6	Africa/Mideast:  Asphalt Demand by Product, 2010		     253

		SECTION VIII -- INDUSTRY STRUCTURE
	1	World Primary Asphalt Capacity Share, 2010			     270
	2	World Paving Asphalt Market Share, 2010				     275
	3	World Asphalt Roofing Market Share, 2010			     277