Global asphalt demand is forecast to rise 2.1 percent annually through 2013. China and India will remain among the fastest growing markets. The rest of the Asia/Pacific region will outpace the mature Western European and North American markets. Asphalt roofing will grow faster than the dominant paving sector.

This study analyzes the 97 million metric ton world asphalt industry. It presents historical demand data for the years 1998, 2003 and 2008, and forecasts for 2013 and 2018 for primary asphalt, asphalt products (paving, roofing), world regional market (e.g., North America, Asia/Pacific, Western Europe) and for 54 major national markets.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 39 industry participants, including Royal Dutch Shell, Oldcastle and GAFMC.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		Introduction							     xii

	I.	Executive Summary						       1

	II.	Market Environment						       4
		General								       4
		World Economic Overview						       5
		   Recent Historical Trends					       5
		   World Economic Outlook					       8
		Paved Roads Overview						      11
		World Construction Overview					      13
		   Residential Building Construction				      15
		   Nonresidential Building Construction				      17
		   Nonbuilding Construction					      18
		World Demographic Overview					      20
		   Population							      20
		   Households							      21
		World Crude Petroleum Outlook					      23
		World Refining Outlook						      24
		Environmental & Regulatory Issues				      27
		   Recycling							      28
		   Legal & Legislative Issues					      30
		Technology Trends						      34
		   Asphalt Paving Mixtures					      34
		      Polymer Modified Paving Asphalts				      37
		      Other Paving Asphalt Technological Advancements		      39
		   Asphalt Roofing Products					      40

	III.	Overview							      42
		General								      42
		Asphalt Demand by Region					      42
		Asphalt Demand by Product					      46
		   Paving Products						      49
		   Roofing Products						      53
		   Other Asphalt Products					      56
		Relationship of Primary Asphalt to Asphalt Products		      58
		Primary Asphalt Demand by Region				      61
		Primary Asphalt Production by Region				      63
		International Trade in Primary Asphalt				      66
		Asphalt Demand & Economic Activity				      69

	IV.	North America							      72
		General								      72
		Market Environment						      72
		   Asphalt Demand						      75
		   Suppliers							      78
		United States							      78
		Canada								      87
		Mexico								      94

	V.	Western Europe							     101
		General								     101
		   Market Environment						     101
		   Asphalt Demand						     105
		   Suppliers							     108
		France								     109
		Germany								     115
		United Kingdom							     120
		   Italy							     126
		Spain								     132
		Other Western Europe						     139
		      Portugal							     144
		      Austria							     145
		      Sweden							     146
		      Netherlands						     147
		      Greece							     148
		      Norway							     148
		      Switzerland						     149
		      Belgium							     149
		      Finland							     150
		      Ireland							     151
		      Denmark							     151
		      All Other Western Europe					     152

	VI.	Asia/Pacific							     153
		General								     153
		   Market Environment						     153
		   Asphalt Demand						     158
		   Suppliers							     161
		China								     161
		Japan								     168
		   India							     175
		Indonesia							     181
		Australia							     187
		Thailand							     192
		South Korea							     198
		Other Asia/Pacific						     203
		      Malaysia							     208
		      Taiwan							     209
		      New Zealand						     209
		      Vietnam							     210
		      Philippines						     211
		      All Other Asia/Pacific					     212

	VII.	Other Regions							     213
		Latin America							     213
		   Market Environment						     213
		   Asphalt Demand						     217
		   Suppliers							     220
		   Brazil							     220
		   Argentina							     226
		   Other Latin America						     232
			Venezuela						     237
			Colombia						     238
			Chile						             239
			Peru							     241
			All Other Latin America				    	     241
		Eastern Europe							     243
		   Market Environment						     243
		   Asphalt Demand						     246
		   Suppliers							     249
		   Russia							     249
		   Poland							     256
		   Other Eastern Europe						     261
			Czech Republic						     266
			Ukraine						     	     267
			Romania						             267
			Hungary						             268
			Slovakia						     268
			Slovenia						     269
			Bulgaria						     269
			All Other Eastern Europe				     270
		Africa/Mideast							     270
		   Market Environment						     270
		   Asphalt Demand						     273
		   Suppliers							     276
		   Turkey							     277
		   Other Africa/Mideast						     283
		Iran								     288
		Egypt								     289
		Israel							             289
		Saudi Arabia						             290
		South Africa						             290
		Iraq								     291
		Nigeria						                     291
		All Other Africa/Mideast				             291

	VIII.	Industry Structure						     293
		General								     293
		Market Share							     294
		   Primary Asphalt Market Leaders				     294
		   Paving Asphalt Market Leaders				     300
		   Roofing Asphalt Market Leaders				     302
		Acquisitions & Divestitures					     305
		Cooperative Agreements						     307
		Marketing & Distribution					     311
		Manufacturing							     312
		Product Development						     314
		Company Profiles						     316
		   Anglo American plc						     317
		   APAC Atlantic Incorporated, see CRH plc
		   Asfaltos Espanoles SA, see Repsol YPF and Total
		   Asphaltco SA, see IKO Group
		   ATAB NV, see IKO Group
		   AWA GmbH, see IKO Group
		   Berkshire Hathaway Incorporated				     319
		   Bitunova Baustofftechnik GmbH, see STRABAG SE
		   Bouygues SA							     322
		   BP plc							     328
		   Building Materials Corporation of America			     331
		   Caltex Corporation, see Chevron Corporation
		   Canroof Corporation, see IKO Group
		   CEMEX SAB de CV						     334
		   CertainTeed Corporation, see Saint-Gobain
		   Chevron Corporation						     336
		   China Petroleum & Chemical Corporation			     338
		   Colas SA, see Bouygues SA
		   Colaska Incorporated, see Bouygues SA
		   Compania Espanola de Petroleos SA, see Total
		   ConocoPhillips						     341
		   CRH plc							     343
		   Delta Companies Incorporated, see Bouygues
		   Dexco Polymers LP, see Exxon Mobil
		   Dolomite Group, see CRH plc
		   Esso SAF, see Exxon Mobil
		   Exxon Mobil Corporation					     351
		   GAFMC, see Building Materials Corporation of America
		   Hanson Limited, see HeidelbergCement AG
		   HeidelbergCement AG						     355
		   Icopal A/S							     359
		   IKO Group							     361
		   Imperial Oil Limited, see Exxon Mobil
		   Indian Oil Corporation Limited				     365
		   Integrated Paving Concepts Incorporated			     366
		   Johns Manville Corporation, see Berkshire Hathaway
		   Kolo Veidekke as, see Veidekke ASA
		   Kukdong Oil & Chemicals Company Limited			     367
		   Lafarge SA							     369
		   Lime & Stone Limited, see CEMEX SAB de CV
		   Mapei SpA							     372
		   Marathon Oil Corporation					     374
		   MeadWestvaco Corporation					     376
		   Meple SA, see IKO Group
		   Michigan Paving & Materials Company, see CRH plc
		   Midland Quarry Products Limited,
		      see Anglo American plc and HeidelbergCement
		   Montana Group, see CRH plc
		   Nebiprofa BV, see IKO Group
		   Neste Oil Oyj						     378
		   Nippon Oil Corporation					     380
		   NuStar Energy LP						     381
		   Nynas AB, see Neste Oil and Petroleos de Venezuela
		   Onduline SA							     383
		   Owens Corning						     384
		   Pennsy Supply Incorporated, see CRH plc
		   Permanite Asphalt Limited, see IKO Group
		   Petroleo Brasileiro SA					     387
		   Petroleos de Venezuela SA					     389
		   Petroleos Mexicanos SA					     392
		   Pike Industries Incorporated, see CRH plc
		   PJ Keating Company, see CRH plc
		   POLYGLASS SpA, see Mapei SpA
		   Repsol YPF SA						     393
		   Roadstone Dublin Limited, see CRH plc
		   Royal Dutch Shell plc					     395
		   Ruberoid Building Products Limited, see IKO Group
		   Rudus Asfaltti Oy, see CRH plc
		   Ruhr Oel GmbH, see BP plc and Petroleos de Venezuela
		   Saint-Gobain							     403
		   Shell and BP South African Petroleum Refineries Pty Limited, 
			see BP plc and Royal Dutch Shell plc
		   Shelly Company, see CRH plc
		   Sinopec Corporation, see China Petroleum & Chemical
		   Sintra Incorporated, see Bouygues
		   Sloan Construction Company, see Bouygues
		   Slusser Brothers, see CRH plc
		   Soprema SA							     406
		   Staker Parson Companies, see CRH plc
		   STRABAG SE							     408
		   Tarmac Group Limited, see Anglo American plc
		   Tilcon New York Incorporated, see CRH plc
		   Tipco Asphalt Public Company Limited, see Bouygues
		   TonenGeneral Sekiyu KK, see Exxon Mobil
		   Total SA							     411
		   Trelleborg AB						     414
		   Trumbull Asphalt, see Owens Corning
		   Valero Energy Corporation					     416
		   Veidekke ASA							     418
		   Villas Austria GmbH						     419
		   Wood (John A.) Limited, see CRH plc
		   Works Alberta Limited, see Bouygues
		   WRB Refining LLC, see ConocoPhillips
		Other Companies Mentioned in the Study				     421


				      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 Paved Roads by Region					      13
	3	World Construction Spending by Region				      15
	4	World Residential Building Construction by Region		      16
	5	World Nonresidential Building Construction by Region		      18
	6	World Nonbuilding Construction by Region			      19
	7	World Population by Region					      21
	8	World Households by Region					      22
	9	World Crude Petroleum Production by Region			      24
	10	World Refined Petroleum Product Output by Region		      26

		SECTION III -- Overview
	1	World Asphalt Demand by Region					      45
	2	World Asphalt Demand						      48
	3	World Asphalt Demand in Paving Products				      53
	4	World Asphalt Demand in Roofing Products			      56
	5	World Asphalt Demand in Other Products				      58
	6	World Primary Asphalt Demand by Region				      63
	7	World Primary Asphalt Production by Region			      66
	8	World Primary Asphalt Trade Flows				      69

		SECTION IV -- North America
	1	North America: Asphalt Supply & Demand				      74
	2	North America: Asphalt Demand by Product			      77
	3	United States: Asphalt Supply & Demand				      82
	4	United States: Asphalt Demand by Product			      86
	5	Canada: Asphalt Supply & Demand					      90
	6	Canada: Asphalt Demand by Product				      92
	7	Mexico: Asphalt Supply & Demand					      97
	8	Mexico: Asphalt Demand by Product				      99


		SECTION V -- Western Europe
	1	Western Europe: Asphalt Supply & Demand				     104
	2	Western Europe: Asphalt Demand by Product			     107
	3	France: Asphalt Supply & Demand					     111
	4	France: Asphalt Demand by Product				     114
	5	Germany: Asphalt Supply & Demand				     117
	6	Germany: Asphalt Demand by Product				     119
	7	United Kingdom: Asphalt Supply & Demand				     123
	8	United Kingdom: Asphalt Demand by Product			     125
	9	Italy: Asphalt Supply & Demand					     129
	10	Italy: Asphalt Demand by Product				     131
	11	Spain: Asphalt Supply & Demand					     135
	12	Spain: Asphalt Demand by Product				     137
	13	Other Western Europe: Asphalt Supply & Demand			     141
	14	Other Western Europe: Asphalt Demand by Product			     143
	15	Other Western Europe: Asphalt Demand by Country			     144

		SECTION VI -- Asia/Pacific
	1	Asia/Pacific: Asphalt Supply & Demand				     157
	2	Asia/Pacific: Asphalt Demand by Product				     160
	3	China: Asphalt Supply & Demand					     164
	4	China: Asphalt Demand by Product				     167
	5	Japan: Asphalt Supply & Demand					     171
	6	Japan: Asphalt Demand by Product				     174
	7	India: Asphalt Supply & Demand					     177
	8	India: Asphalt Demand by Product				     180
	9	Indonesia: Asphalt Supply & Demand				     184
	10	Indonesia: Asphalt Demand by Product				     186
	11	Australia: Asphalt Supply & Demand				     189
	12	Australia: Asphalt Demand by Product				     191
	13	Thailand: Asphalt Supply & Demand				     195
	14	Thailand: Asphalt Demand by Product				     197
	15	South Korea: Asphalt Supply & Demand				     200
	16	South Korea: Asphalt Demand by Product				     202
	17	Other Asia/Pacific: Asphalt Supply & Demand			     205
	18	Other Asia/Pacific: Asphalt Demand by Product			     207
	19	Other Asia/Pacific: Asphalt Demand by Country			     208

		SECTION VII -- Other Regions
	1	Latin America: Asphalt Supply & Demand				     216
	2	Latin America: Asphalt Demand by Product			     219
	3	Brazil: Asphalt Supply & Demand					     223
	4	Brazil: Asphalt Demand by Product				     225
	5	Argentina: Asphalt Supply & Demand				     229
	6	Argentina: Asphalt Demand by Product				     231
	7	Other Latin America: Supply & Demand				     234
	8	Other Latin America: Asphalt Demand by Product			     236
	9	Other Latin America: Asphalt Demand by Country			     237
	10	Eastern Europe: Asphalt Supply & Demand				     245
	11	Eastern Europe: Asphalt Demand by Product			     248
	12	Russia: Asphalt Supply & Demand					     252
	13	Russia: Asphalt Demand by Product				     254
	14	Poland: Asphalt Supply & Demand					     258
	15	Poland: Asphalt Demand by Product				     260
	16	Other Eastern Europe: Asphalt Supply & Demand			     262
	17	Other Eastern Europe: Asphalt Demand by Product			     265
	18	Other Eastern Europe: Asphalt Demand by Country			     266
	19	Africa/Mideast: Asphalt Supply & Demand				     273
	20	Africa/Mideast: Asphalt Demand by Product			     275
	21	Turkey: Asphalt Supply & Demand					     280
	22	Turkey: Asphalt Demand by Product				     282
	23	Other Africa/Mideast: Asphalt Supply & Demand			     285
	24	Other Africa/Mideast: Asphalt Demand by Product			     287
	25	Other Africa/Mideast: Asphalt Demand by Country			     288

		SECTION VIII -- Industry Structure
	1	Selected Acquisitions & Divestitures				     307
	2	Selected Cooperative Agreements					     309


				      LIST OF CHARTS

    CHART NUMBER								    PAGE

		SECTION III -- Overview
	1	World Asphalt Demand by Region, 2008				      46
	2	World Asphalt Demand by Product, 2008				      49
	3	Primary Asphalt Flow Chart					      60
	4	Asphalt Demand Per Capita/GDP Per Capita Relationship,
		   2008								      71

		SECTION IV -- North America
	1	North America: Asphalt Demand by Country, 2008			      75
	2	North America: Asphalt Demand by Product, 2008			      78

		SECTION V -- Western Europe
	1	Western Europe: Asphalt Demand by Country, 2008			     105
	2	Western Europe: Asphalt Demand by Product, 2008			     108

		SECTION VI -- Asia/Pacific
	1	Asia/Pacific: Asphalt Demand by Country, 2008			     158
	2	Asia/Pacific: Asphalt Demand by Product, 2008			     161

		SECTION VII -- Other Regions
	1	Latin America: Asphalt Demand by Country, 2008			     217
	2	Latin America: Asphalt Demand by Product, 2008			     220
	3	Eastern Europe: Asphalt Demand by Country, 2008			     246
	4	Eastern Europe: Asphalt Demand by Product, 2008			     249
	5	Africa/Mideast: Asphalt Demand by Product, 2008			     276

		SECTION VIII -- Industry Structure
	1	World Primary Asphalt Share of Capacity by Company,
		   2008								     296
	2	Paving Asphalt Market Share by Company, 2008			     301
	3	Asphalt Roofing Market Share by Company, 2008			     303