World Asphalt (Bitumen)

As Quoted In TradeArabia

Gains will be driven by especially strong growth in consumption in China and other developing countries, and by a steady recovery in the mature asphalt markets of developed nations.

World demand to rise 3.6% annually through 2017

World demand for asphalt is projected to rise 3.6 percent annually through 2017 from a weak 2012 base to 121 million metric tons (734 million barrels). Gains will be driven by especially strong growth in consumption in China and other developing countries as they work to improve their transportation infrastructures. Mature asphalt markets in developed nations, which declined between 2007 and 2012, will recover steadily, though in most cases demand will not regain 2007 levels until well after 2017.

Asia/Pacific region to be fastest growing market

The Asia/Pacific region has overtaken North America as the largest regional market for asphalt and will continue to record the fastest advances through 2017, driven primarily by strong growth in China and India. China alone accounts for over 20 percent of the global market and is expected to surpass the US as the world’s leading asphalt consumer by 2017. However, growth in China will decelerate as massive national infrastructure programs give way to smaller projects and road maintenance. In contrast, India is expected to continue with large public works projects that are necessary for the country’s continued economic development. Growth is also expected to be strong in other developing Asian countries where large public works projects are planned. However, this will be offset to some extent by slower growth in mature markets like Japan and Australia. Also, gains in many of the region’s developing markets will continue to be affected by political and financial issues.

Demand to recover in North America, Western Europe

North America is a major asphalt consumer due to the need for maintenance on the massive regional network of roads and highways. Demand for asphalt in the United States will rebound from the sharp declines in the 2007-2012 period, driven by stronger economic growth and increased construction activity, though demand in 2017 is expected to remain below the 2007 level. The US and Canada are significant consumers of asphalt for roofing products; demand for those products will rise with increased building construction expenditures.

Recovery in asphalt demand in Western Europe will be driven by increased expenditures on road maintenance and repair applications after years of very low spending on infrastructure improvements. Many countries have road repair backlogs, which will bolster demand for asphalt. However, while demand for asphalt will register respectable growth through 2017, gains will not make up for the declines seen in the 2007-2012 period.

Study coverage

This study analyzes the 101.2 million metric ton world asphalt industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 for primary asphalt, asphalt products (paving, roofing), world regions and 24 countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 44 industry players, including PetroChina, Shell and GAFMC.

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Purchase World Asphalt (Bitumen) by the Section

  1. World Asphalt (Bitumen)

    $6,300.00

    1. 1 INTRODUCTION

      $153.00

    2. 2 EXECUTIVE SUMMARY

      $126.00

      1. Table | WORLD ASPHALT DEMAND

    3. 3 MARKET ENVIRONMENT

      $2,006.00

      1. 3.1 General

        $82.00

      2. 3.2 World Economic Overview

        $265.00

        1. 3.2.1 Recent Historical Trends

          $103.00

        2. 3.2.2 World Economic Outlook

          $146.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION

      3. 3.3 World Construction Overview

        $366.00

        1. Table | WORLD CONSTRUCTION EXPENDITURES BY REGION

        2. 3.3.1 Building Construction

          $213.00

          1. Table | WORLD BUILDING CONSTRUCTION EXPENDITURES BY REGION

          2. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION

          3. Table | WORLD NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION

        3. 3.3.2 Nonbuilding Construction

          $82.00

          1. Table | WORLD NONBUILDING CONSTRUCTION EXPENDITURES BY REGION

      4. 3.4 Paved Roads Overview

        $83.00

        1. Table | WORLD PAVED ROADS BY REGION

      5. 3.5 World Demographic Overview

        $181.00

        1. 3.5.1 Population

          $82.00

          1. Table | WORLD POPULATION BY REGION

        2. 3.5.2 Households

          $85.00

          1. Table | WORLD HOUSEHOLDS BY REGION

      6. 3.6 World Crude Petroleum Outlook

        $82.00

        1. Table | WORLD CRUDE PETROLEUM PRODUCTION BY REGION

      7. 3.7 World Refining Outlook

        $111.00

        1. Table | WORLD REFINED PETROLEUM PRODUCT OUTPUT BY REGION

      8. 3.8 Environmental & Regulatory Issues

        $420.00

        1. 3.8.1 Recycling

          $150.00

        2. 3.8.2 Legal & Legislative Issues

          $209.00

      9. 3.9 Technology Trends

        $452.00

        1. 3.9.1 Asphalt Paving Mixtures

          $343.00

        2. 3.9.2 Asphalt Roofing Products

          $86.00

    4. 4 OVERVIEW

      $1,145.00

      1. 4.1 General

        $82.00

      2. 4.2 Asphalt Demand by Region

        $157.00

        1. Table | WORLD ASPHALT DEMAND BY REGION

        2. CHART III-1 WORLD ASPHALT DEMAND BY REGION, 2012

      3. 4.3 Asphalt Demand by Product

        $501.00

        1. Table | WORLD ASPHALT DEMAND BY PRODUCT

        2. CHART III-2 WORLD ASPHALT DEMAND BY PRODUCT, 2012

        3. 4.3.1 Paving Products

          $211.00

          1. Table | WORLD ASPHALT DEMAND IN PAVING PRODUCTS

        4. 4.3.2 Roofing Products

          $113.00

          1. Table | WORLD ASPHALT DEMAND IN ROOFING PRODUCTS

        5. 4.3.3 Other Asphalt Products

          $82.00

          1. Table | WORLD ASPHALT DEMAND IN OTHER PRODUCTS

      4. 4.4 Relationship of Primary Asphalt to Asphalt Products

        $82.00

        1. CHART III-3 PRIMARY ASPHALT FLOW CHART

      5. 4.5 Primary Asphalt Demand by Region

        $115.00

        1. Table | WORLD PRIMARY ASPHALT DEMAND BY REGION

      6. 4.6 Primary Asphalt Production by Region

        $82.00

        1. Table | WORLD PRIMARY ASPHALT PRODUCTION BY REGION

      7. 4.7 International Trade in Primary Asphalt

        $128.00

        1. Table | WORLD PRIMARY ASPHALT TRADE FLOWS

      8. 4.8 Asphalt Demand & Economic Activity

        $87.00

        1. CHART III-4 PER CAPITA ASPHALT DEMAND & PER CAPITA GDP RELATIONSHIP, 2012

    5. 5 NORTH AMERICA

      $1,036.00

      1. 5.1 North America: Market Environment

        $82.00

      2. 5.2 North America: Asphalt Supply & Demand

        $82.00

        1. Table | NORTH AMERICA: ASPHALT SUPPLY & DEMAND

        2. CHART IV-1 NORTH AMERICA: ASPHALT DEMAND BY COUNTRY, 2012

      3. 5.3 North America: Asphalt Demand by Product

        $112.00

        1. Table | NORTH AMERICA: ASPHALT DEMAND BY PRODUCT

        2. CHART IV-2 NORTH AMERICA: ASPHALT DEMAND BY PRODUCT, 2012

      4. 5.4 United States

        $320.00

        1. 5.4.1 United States: Market Environment

          $83.00

        2. 5.4.2 United States: Asphalt Supply & Demand

          $99.00

          1. Table | UNITED STATES: ASPHALT SUPPLY & DEMAND

        3. 5.4.3 United States: Asphalt Demand by Product

          $137.00

          1. Table | UNITED STATES: ASPHALT DEMAND BY PRODUCT

      5. 5.5 Canada

        $240.00

        1. 5.5.1 Canada: Market Environment

          $82.00

        2. 5.5.2 Canada: Asphalt Supply & Demand

          $95.00

          1. Table | CANADA: ASPHALT SUPPLY & DEMAND

        3. 5.5.3 Canada: Asphalt Demand by Product

          $82.00

          1. Table | CANADA: ASPHALT DEMAND BY PRODUCT

      6. 5.6 Mexico

        $224.00

        1. 5.6.1 Mexico: Market Environment

          $82.00

        2. 5.6.2 Mexico: Asphalt Supply & Demand

          $82.00

          1. Table | MEXICO: ASPHALT SUPPLY & DEMAND

        3. 5.6.3 Mexico: Asphalt Demand by Product

          $95.00

          1. Table | MEXICO: ASPHALT DEMAND BY PRODUCT

    6. 6 WESTERN EUROPE

      $1,942.00

      1. 6.1 Western Europe: Market Environment

        $99.00

      2. 6.2 Western Europe: Asphalt Supply & Demand

        $109.00

        1. Table | WESTERN EUROPE: ASPHALT SUPPLY & DEMAND

        2. CHART V-1 WESTERN EUROPE: ASPHALT DEMAND BY COUNTRY, 2012

      3. 6.3 Western Europe: Asphalt Demand by Product

        $109.00

        1. Table | WESTERN EUROPE: ASPHALT DEMAND BY PRODUCT

        2. CHART V-2 WESTERN EUROPE: ASPHALT DEMAND BY PRODUCT, 2012

      4. 6.4 France

        $234.00

        1. 6.4.1 France: Market Environment

          $82.00

        2. 6.4.2 France: Asphalt Supply & Demand

          $82.00

          1. Table | FRANCE: ASPHALT SUPPLY & DEMAND

        3. 6.4.3 France: Asphalt Demand by Product

          $98.00

          1. Table | FRANCE: ASPHALT DEMAND BY PRODUCT

      5. 6.5 Germany

        $232.00

        1. 6.5.1 Germany: Market Environment

          $82.00

        2. 6.5.2 Germany: Asphalt Supply & Demand

          $82.00

          1. Table | GERMANY: ASPHALT SUPPLY & DEMAND

        3. 6.5.3 Germany: Asphalt Demand by Product

          $99.00

          1. Table | GERMANY: ASPHALT DEMAND BY PRODUCT

      6. 6.6 Italy

        $235.00

        1. 6.6.1 Italy: Market Environment

          $82.00

        2. 6.6.2 Italy: Asphalt Supply & Demand

          $82.00

          1. Table | ITALY: ASPHALT SUPPLY & DEMAND

        3. 6.6.3 Italy: Asphalt Demand by Product

          $93.00

          1. Table | ITALY: ASPHALT DEMAND BY PRODUCT

      7. 6.7 United Kingdom

        $260.00

        1. 6.7.1 United Kingdom: Market Environment

          $82.00

        2. 6.7.2 United Kingdom: Asphalt Supply & Demand

          $92.00

          1. Table | UNITED KINGDOM: ASPHALT SUPPLY & DEMAND

        3. 6.7.3 United Kingdom: Asphalt Demand by Product

          $95.00

          1. Table | UNITED KINGDOM: ASPHALT DEMAND BY PRODUCT

      8. 6.8 Spain

        $246.00

        1. 6.8.1 Spain: Market Environment

          $82.00

        2. 6.8.2 Spain: Asphalt Supply & Demand

          $84.00

          1. Table | SPAIN: ASPHALT SUPPLY & DEMAND

        3. 6.8.3 Spain: Asphalt Demand by Product

          $91.00

          1. Table | SPAIN: ASPHALT DEMAND BY PRODUCT

      9. 6.9 Other Western Europe

        $418.00

        1. 6.9.1 Other Western Europe: Market Environment

          $82.00

        2. 6.9.2 Other Western Europe: Asphalt Supply & Demand

          $82.00

          1. Table | OTHER WESTERN EUROPE: ASPHALT SUPPLY & DEMAND

        3. 6.9.3 Other Western Europe: Asphalt Demand by Product

          $102.00

          1. Table | OTHER WESTERN EUROPE: ASPHALT DEMAND BY PRODUCT

        4. 6.9.4 Other Western Europe: Asphalt Demand by Country

          $185.00

          1. Table | OTHER WESTERN EUROPE: ASPHALT DEMAND BY COUNTRY

    7. 7 ASIA/PACIFIC

      $2,031.00

      1. 7.1 Asia/Pacific: Market Environment

        $82.00

      2. 7.2 Asia/Pacific: Asphalt Supply & Demand

        $93.00

        1. Table | ASIA/PACIFIC: ASPHALT SUPPLY & DEMAND

        2. CHART VI-1 ASIA/PACIFIC: ASPHALT DEMAND BY COUNTRY, 2012

      3. 7.3 Asia/Pacific: Asphalt Demand by Product

        $103.00

        1. Table | ASIA/PACIFIC: ASPHALT DEMAND BY PRODUCT

        2. CHART VI-2 ASIA/PACIFIC: ASPHALT DEMAND BY PRODUCT, 2012

      4. 7.4 China

        $316.00

        1. 7.4.1 China: Market Environment

          $93.00

        2. 7.4.2 China: Asphalt Supply & Demand

          $84.00

          1. Table | CHINA: ASPHALT SUPPLY & DEMAND

        3. 7.4.3 China: Asphalt Demand by Product

          $139.00

          1. Table | CHINA: ASPHALT DEMAND BY PRODUCT

      5. 7.5 India

        $274.00

        1. 7.5.1 India: Market Environment

          $82.00

        2. 7.5.2 India: Asphalt Supply & Demand

          $82.00

          1. Table | INDIA: ASPHALT SUPPLY & DEMAND

        3. 7.5.3 India: Asphalt Demand by Product

          $137.00

          1. Table | INDIA: ASPHALT DEMAND BY PRODUCT

      6. 7.6 Japan

        $242.00

        1. 7.6.1 Japan: Market Environment

          $82.00

        2. 7.6.2 Japan: Asphalt Supply & Demand

          $82.00

          1. Table | JAPAN: ASPHALT SUPPLY & DEMAND

        3. 7.6.3 Japan: Asphalt Demand by Product

          $104.00

          1. Table | JAPAN: ASPHALT DEMAND BY PRODUCT

      7. 7.7 Indonesia

        $213.00

        1. 7.7.1 Indonesia: Market Environment

          $82.00

        2. 7.7.2 Indonesia: Asphalt Supply & Demand

          $82.00

          1. Table | INDONESIA: ASPHALT SUPPLY & DEMAND

        3. 7.7.3 Indonesia: Asphalt Demand by Product

          $83.00

          1. Table | INDONESIA: ASPHALT DEMAND BY PRODUCT

      8. 7.8 Australia

        $200.00

        1. 7.8.1 Australia: Market Environment

          $82.00

        2. 7.8.2 Australia: Asphalt Supply & Demand

          $82.00

          1. Table | AUSTRALIA: ASPHALT SUPPLY & DEMAND

        3. 7.8.3 Australia: Asphalt Demand by Product

          $82.00

          1. Table | AUSTRALIA: ASPHALT DEMAND BY PRODUCT

      9. 7.9 South Korea

        $214.00

        1. 7.9.1 South Korea: Market Environment

          $82.00

        2. 7.9.2 South Korea: Asphalt Supply & Demand

          $82.00

          1. Table | SOUTH KOREA: ASPHALT SUPPLY & DEMAND

        3. 7.9.3 South Korea: Asphalt Demand by Product

          $83.00

          1. Table | SOUTH KOREA: ASPHALT DEMAND BY PRODUCT

      10. 7.10 Other Asia/Pacific

        $297.00

        1. 7.10.1 Other Asia/Pacific: Market Environment

          $82.00

        2. 7.10.2 Other Asia/Pacific: Asphalt Supply & Demand

          $82.00

          1. Table | OTHER ASIA/PACIFIC: ASPHALT SUPPLY & DEMAND

        3. 7.10.3 Other Asia/Pacific: Asphalt Demand by Product

          $86.00

          1. Table | OTHER ASIA/PACIFIC: ASPHALT DEMAND BY PRODUCT

        4. 7.10.4 Other Asia/Pacific: Asphalt Demand by Country

          $92.00

          1. Table | OTHER ASIA/PACIFIC: ASPHALT DEMAND BY COUNTRY

    8. 8 OTHER REGIONS

      $2,455.00

      1. 8.1 Central & South America

        $749.00

        1. 8.1.1 Central & South America: Market Environment

          $86.00

        2. 8.1.2 Central & South America: Asphalt Supply & Demand

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: ASPHALT SUPPLY & DEMAND

          2. CHART VII-1 CENTRAL & SOUTH AMERICA: ASPHALT DEMAND BY COUNTRY, 2012

        3. 8.1.3 Central & South America: Asphalt Demand by Product

          $86.00

          1. Table | CENTRAL & SOUTH AMERICA: ASPHALT DEMAND BY PRODUCT

          2. CHART VII-2 CENTRAL & SOUTH AMERICA: ASPHALT DEMAND BY PRODUCT, 2012

        4. 8.1.4 Brazil

          $222.00

          1. Table | BRAZIL: ASPHALT SUPPLY & DEMAND

          2. Table | BRAZIL: ASPHALT DEMAND BY PRODUCT

        5. 8.1.5 Other Central & South America

          $292.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: ASPHALT SUPPLY & DEMAND

          2. Table | OTHER CENTRAL & SOUTH AMERICA: ASPHALT DEMAND BY PRODUCT

          3. Table | OTHER CENTRAL & SOUTH AMERICA: ASPHALT DEMAND BY COUNTRY

      2. 8.2 Eastern Europe

        $939.00

        1. 8.2.1 Eastern Europe: Market Environment

          $82.00

        2. 8.2.2 Eastern Europe: Asphalt Supply & Demand

          $82.00

          1. Table | EASTERN EUROPE: ASPHALT SUPPLY & DEMAND

          2. CHART VII-3 EASTERN EUROPE: ASPHALT DEMAND BY COUNTRY, 2012

        3. 8.2.3 Eastern Europe: Asphalt Demand by Product

          $82.00

          1. Table | EASTERN EUROPE: ASPHALT DEMAND BY PRODUCT

          2. CHART VII-4 EASTERN EUROPE: ASPHALT DEMAND BY PRODUCT, 2012

        4. 8.2.4 Russia

          $242.00

          1. Table | RUSSIA: ASPHALT SUPPLY & DEMAND

          2. Table | RUSSIA: ASPHALT DEMAND BY PRODUCT

        5. 8.2.5 Poland

          $184.00

          1. Table | POLAND: ASPHALT SUPPLY & DEMAND

          2. Table | POLAND: ASPHALT DEMAND BY PRODUCT

        6. 8.2.6 Other Eastern Europe

          $299.00

          1. Table | OTHER EASTERN EUROPE: ASPHALT SUPPLY & DEMAND

          2. Table | OTHER EASTERN EUROPE: ASPHALT DEMAND BY PRODUCT

          3. Table | OTHER EASTERN EUROPE: ASPHALT DEMAND BY COUNTRY

      3. 8.3 Africa/Mideast

        $765.00

        1. 8.3.1 Africa/Mideast: Market Environment

          $82.00

        2. 8.3.2 Africa/Mideast: Asphalt Supply & Demand

          $82.00

          1. Table | AFRICA/MIDEAST: ASPHALT SUPPLY & DEMAND

          2. CHART VII-5 AFRICA/MIDEAST: ASPHALT DEMAND BY COUNTRY, 2012

        3. 8.3.3 Africa/Mideast: Asphalt Demand by Product

          $82.00

          1. Table | AFRICA/MIDEAST: ASPHALT DEMAND BY PRODUCT

          2. CHART VII-6 AFRICA/MIDEAST: ASPHALT DEMAND BY PRODUCT, 2012

        4. 8.3.4 Turkey

          $182.00

          1. Table | TURKEY: ASPHALT SUPPLY & DEMAND

          2. Table | TURKEY: ASPHALT DEMAND BY PRODUCT

        5. 8.3.5 Other Africa/Mideast

          $362.00

          1. Table | OTHER AFRICA/MIDEAST: ASPHALT SUPPLY & DEMAND

          2. Table | OTHER AFRICA/MIDEAST: ASPHALT DEMAND BY PRODUCT

          3. Table | OTHER AFRICA/MIDEAST: ASPHALT DEMAND BY COUNTRY

    9. 9 INDUSTRY STRUCTURE

      $6,339.00

      1. 9.1 General

        $82.00

      2. 9.2 Market Share

        $490.00

        1. 9.2.1 Primary Asphalt Market Leaders

          $226.00

          1. CHART VIII-1 WORLD PRIMARY ASPHALT CAPACITY SHARE, 2012

        2. 9.2.2 Paving Asphalt Market Leaders

          $142.00

          1. CHART VIII-2 WORLD PAVING ASPHALT MARKET SHARE, 2012

        3. 9.2.3 Roofing Asphalt Market Leaders

          $107.00

          1. CHART VIII-3 WORLD ASPHALT ROOFING MARKET SHARE, 2012

      3. 9.3 Acquisitions & Divestures

        $97.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 9.4 Cooperative Agreements

        $118.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      5. 9.5 Marketing & Distribution

        $82.00

      6. 9.6 Manufacturing

        $82.00

      7. 9.7 Product Development

        $132.00

      8. 9.8 Company Profiles

        $5,517.00

        1. 9.8.1 Anglo American plc

          $105.00

        2. 9.8.2 Berkshire Hathaway Incorporated

          $141.00

        3. 9.8.3 Bouygues SA

          $430.00

        4. 9.8.4 BP plc

          $139.00

        5. 9.8.5 Building Materials Corporation of America

          $148.00

        6. 9.8.6 CEMEX SAB de CV

          $91.00

        7. 9.8.7 Chevron Corporation

          $128.00

        8. 9.8.8 China National Offshore Oil Corporation

          $82.00

        9. 9.8.9 China National Petroleum Corporation

          $111.00

        10. 9.8.10 China Petroleum & Chemical Corporation

          $152.00

        11. 9.8.11 CRH plc

          $503.00

        12. 9.8.12 Ennis-Flint

          $82.00

        13. 9.8.13 Exxon Mobil Corporation

          $187.00

        14. 9.8.14 HeidelbergCement AG

          $216.00

        15. 9.8.15 Icopal a/s

          $194.00

        16. 9.8.16 IKO Group

          $199.00

        17. 9.8.17 Indian Oil Corporation Limited

          $82.00

        18. 9.8.18 Jiangsu BaoLi Asphalt Company Limited

          $106.00

        19. 9.8.19 JX Holdings Incorporated

          $82.00

        20. 9.8.20 Kukdong Oil & Chemicals Company Limited

          $82.00

        21. 9.8.21 Lafarge SA

          $134.00

        22. 9.8.22 Luxiang Company Limited

          $82.00

        23. 9.8.23 Mapei SpA

          $82.00

        24. 9.8.24 Marathon Petroleum Corporation

          $82.00

        25. 9.8.25 MeadWestvaco Corporation

          $82.00

        26. 9.8.26 Neste Oil Oyj

          $125.00

        27. 9.8.27 NuStar Energy LP

          $82.00

        28. 9.8.28 Onduline SA

          $82.00

        29. 9.8.29 Owens Corning

          $178.00

        30. 9.8.30 Perusahaan Pertambangan Minyak Dan Gas Bumi Negara

          $82.00

        31. 9.8.31 Petróleo Brasileiro SA

          $82.00

        32. 9.8.32 Petróleos de Venezuela SA

          $120.00

        33. 9.8.33 Petróleos Mexicanos SA

          $82.00

        34. 9.8.34 Phillips 66

          $82.00

        35. 9.8.35 Repsol SA

          $88.00

        36. 9.8.36 Royal Dutch Shell plc

          $312.00

        37. 9.8.37 Saint-Gobain

          $133.00

        38. 9.8.38 SemGroup Corporation

          $82.00

        39. 9.8.39 Soprema SAS

          $97.00

        40. 9.8.40 STRABAG SE

          $97.00

        41. 9.8.41 Tiki Tar Industries

          $83.00

        42. 9.8.42 Total SA

          $103.00

        43. 9.8.43 Valero Energy Corporation

          $82.00

        44. 9.8.44 Veidekke ASA

          $82.00

      9. 9.9 Other Companies Mentioned in the Study

        $225.00

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