Asphalt: A Global Strategic Business Report
San Jose, California (PRWEB) May 07, 2012
Follow us on LinkedIn – Global asphalt market is forecast to witness healthy growth over the next few years. Demand for asphalt would be spurred by emerging markets such as China, India, and Central & Eastern Europe where investment in infrastructure development is expected to be significant. Factors that continue to govern the market landscape include world economy gradations, prices of crude oil and implementation of new infrastructure projects. Besides these, environmental concerns, especially with regard to asphalt recycling, shape the industry structure. On the other hand, prospects for residential and nonresidential building construction activity are optimistic, which is likely to defend the persistent growth. Above average growth in asphalt demand is expected in Eastern Europe, Latin America, and Middle East/Africa regions. On the other hand, asphalt markets in Western Europe and North America are saturated and expected to register slower overall growth.
Infrastructure development is making rapid strides across the world. This is particularly true in developing countries, where huge investment has been flowing into infrastructure projects. Improving transportation infrastructure is one of the key strategies for enhanced standard of living in developing countries. This not only reduces the cost of imports but also improves the marketability of goods. Asia Pacific and Eastern Europe, which are taking up numerous paving projects including highways and shorter routes on a large scale, would be the major growth markets.
Environmental concerns are one of the key factors influencing the asphalt market. Production of asphalt products and recycling are subject to strict regulations globally. Hence, asphalt products such as emulsions that are environmentally friendly are gaining popularity. Regulations governing these environment issues of asphalt vary across the globe, and are generally rigid in developed countries due to better political will and more efficient enforcement capability. Raw materials used in preparation of asphalt paving and roofing products are subject to regulation as hazardous materials. For example, organic solvents used to reduce the viscosity of asphalt cements emit volatile organic compounds (VOCs). These concerns about VOC emissions have resulted in the use of asphalt emulsions, which do not use solvents.
Majority of the worldwide asphalt production and consumption is used for activities such as road Paving activity, which represents the largest end-use market. However, demand for paving materials is expected to show drastic regional variations with less than average growth in developed countries and rapid gains in developing nations. Emerging economies of Asia Pacific, Latin America, and Eastern Europe are expected to register robust growth. New paving products such as paving emulsions are expected to continue on the rapid growth trajectory, and account for highest demand for asphalt. The asphalt roofing market, although smaller in comparison to the paving market, is likely to witness healthy growth in the coming years. Growth in construction industry in several developing countries is driving the demand for roofing asphalt. Roofing is expected to be the fastest growing end-use segment expanding at a CAGR of over 2.1% over the analysis period. Asphalt demand for roofing emanates primarily from the Asia-Pacific, Europe and the US, which collectively account for a lion’s share of global demand for asphalt in the roofing segment.
Europe comprises the largest regional market for asphalt, as stated by the new market research report on Asphalt. Both Europe and the US garner a major share of the worldwide asphalt production. Asia-Pacific, led by relentless growth from China, represents a high growth region and is forecast to race ahead at the overall highest rate of 3.4% through 2017. Asphalt demand in the fastest-growing and largest market of China is expected to remain strong due to boom in the building construction market causing a surge in roofing and paving segments. Rebound in the building construction sector and global GDP growth, in addition to the continued robust rise in emerging markets across the Asia-Pacific region, primarily India and China, is expected to enable the market to register growth in the near-term.
Leading producers of primary asphalt and asphalt products profiled in the report include BP Plc, Exxon Mobil Corporation, Petroleos de Venezuela SA, Royal Dutch Shell Plc, Akzo Nobel, Anglo American Plc, Atlas Roofing Corporation, Aggregate Industries Limited, CEMEX UK Operations Limited, CertainTeed Corporation, Colas Danmark A/S, CRH PLC, GAF Materials Corporation, Hanson, Lafarge SA, Oldcastle Materials Inc., Owens Corning, SemGroup Corporation, and Sinopec.
The research report titled “Asphalt: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the asphalt markets, impact of recession, current market trends, key growth drivers, end-use market analysis, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Asphalt market for the years 2009 through 2017 for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key end-use segments analyzed include Paving, Roofing, and Others. Also, a historic analysis (2003-2008) is provided for additional perspective.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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