Asphalt to 2011

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

• General
• Macroeconomic Environment
• Demographic Trends
  • Population
  • Households
• Construction Trends
  • Building Construction
  • Residential Construction
    • Housing Starts
    • Housing Stock
    • Improvements & Repairs
  • Nonresidential Construction
• Nonbuilding Construction
  • Highways & Roads
  • Public Highway Spending
• Petroleum Industry Trends
• Primary Asphalt Market Trends
• Primary Asphalt Market Seasonality
• Asphalt Product Pricing Trends
• Competitive Materials
• Foreign Trade
  • Primary Asphalt
  • Asphalt Products

III. TECHNOLOGY & REGULATORY ISSUES

• General
• Technology
  • Paving Mixtures
    • Open Grade Friction Courses
    • Stone-Matrix Asphalt
    • Warm-Mix Asphalt Paving
    • Perpetual Pavements
    • SUPERPAVE
    • Asphalt Pavement Modifiers
  • Roofing Asphalt Technologies
• Environmental & Regulatory Issues
  • Recycling
  • Environmental Issues
  • Safety Issues
  • Other Regulatory Factors

IV. PRIMARY ASPHALT SUPPLY & DEMAND

• General
• Supply & Demand
• Primary Asphalt Types
• Primary Asphalt Demand by Use
  • Paving Asphalts
  • Roofing Asphalts
  • Other Asphalts

V. ASPHALT PRODUCTS

• General
• Demand Drivers
• Paving Products
  • Asphalt Cement
  • Asphalt Emulsions
  • Cutback Asphalt
  • Other Asphalt Paving Products
• Roofing Products
  • Asphalt Shingles
    • Characteristics
    • Producers
  • Roofing Asphalts
    • Characteristics
    • Producers
  • Modified Asphalt Roofing Membranes
    • Characteristics
    • Producers
  • Standard Asphaltic Roofing Felts
    • Characteristics
    • Producers
  • Other Roofing-Related Asphalts
• Other Asphalt Products
  • Construction Products
  • Miscellaneous Asphalt Products

VI. ASPHALT MARKETS

• General
• Residential Building Construction
  • New Housing
  • Residential Replacement & Maintenance
• Nonresidential Building Construction
  • New Nonresidential Building
  • Nonresidential Replacement & Maintenance
• Nonbuilding Construction
  • New Nonbuilding Construction
  • Nonbuilding Replacement & Maintenance
• Other Markets

VII. ASPHALT DEMAND BY REGION

• General
• Regional Macroeconomic Overview
• Regional Demographic Trends
• Regional Construction Trends
• Regional Housing Trends
• Primary Asphalt Capacity by Region
• Regional Asphalt Demand
  • Northeast
    • New England
    • Middle Atlantic
  • Midwest
    • East North Central
    • West North Central
  • South
    • South Atlantic
    • East South Central
    • West South Central
  • West
    • Mountain
    • Pacific

VIII. INDUSTRY STRUCTURE

• General
• Industry Composition
• Refined Primary Asphalt Market Share
• Asphalt Paving Product Market Share
• Asphalt Roofing Product Market Share
• Manufacturing
• Product Development
• Marketing & Distribution
• Acquisition & Divestiture Activity
• Cooperative Agreements

• COMPANY PROFILES
  • Alon USA Energy Incorporated
  • American Gilsonite Company
  • APAC Incorporated, see CRH
  • Ashland Incorporated
  • Ashland Paving and Construction Incorporated, see CRH
  • Atlas Roofing Corporation, see Hood Companies
  • Barrett Paving Materials Incorporated, see Bouygues Group
  • BASF AG
  • Berkshire Hathaway Incorporated
  • Bouygues Group
  • BP plc
  • Bridgestone Corporation
  • Building Materials Corporation of America, see G-I Holdings
  • Callanan Industries Incorporated, see CRH
  • CertainTeed Corporation, see Saint-Gobain
  • Chevron Corporation
  • CHS Incorporated
  • CITERCO, see Ergon and Petroleos de Venezuela
  • CITGO Asphalt and Refining Company, see Petroleos de Venezuela
  • Colas Incorporated, see Bouygues Group
  • ConocoPhillips
  • CPM Development Corporation, see CRH
  • Crafco Incorporated, see Ergon
  • CRH plc
  • DAP Products Incorporated, see RPM International
  • Deer Park Refinery LP, see Royal Dutch Shell
  • Delta Companies Incorporated, see Bouygues Group
  • Dexco Polymers LP, see Exxon Mobil
  • Dolomite Group, see CRH
  • DuPont (EI) de Nemours
  • Edgington Oil Company, see Alon USA
  • ElkCorp, see G-I Holdings
  • Ergon Incorporated
  • Exxon Mobil Corporation
  • Firestone Building Products Company, see Bridgestone
  • Flint Hills Resources LP, see Koch Industries
  • Fortifiber Corporation
  • G-I Holdings Incorporated
  • GAF Materials Corporation, see G-I Holdings
  • GAFMC, see G-I Holdings
  • Goose Bay, see CRH
  • Hanson plc
  • Henry Company
  • Hood Companies
  • Imperial Oil Limited, see Exxon Mobil
  • INVISTA BV, see Koch Industries
  • Johns Manville Corporation, see Berkshire Hathaway
  • Koch Industries Incorporated
  • Lafarge SA
  • Lion Oil Company, see Ergon
  • Marathon Oil Corporation
  • Michigan Paving & Materials Company, see CRH
  • Montana Group, see CRH
  • Murphy Oil Corporation
  • NUPAC Incorporated, see CRH
  • Oldcastle Materials Incorporated, see CRH
  • Owens Corning
  • Paramount Petroleum Corporation, see Alon USA
  • Pennsy Supply Incorporated, see CRH
  • Petroleos de Venezuela SA
  • Pike Industries Incorporated, see CRH
  • PJ Keating Company, see CRH
  • Republic Powdered Metals Incorporated, see RPM
  • Royal Dutch Shell plc
  • RPM International Incorporated
  • Saint-Gobain
  • SemGroup LP
  • SemMaterials LP, see SemGroup
  • Shell Oil Products US, see Royal Dutch Shell
  • Shelly Company, see CRH
  • Sinclair Oil Corporation
  • Sloan Construction Company, see Bouygues Group
  • Slusser Brothers Trucking & Excavating Company, see CRH
  • Staker & Parsons Companies, see CRH
  • Sunoco Incorporated
  • TAMKO Building Products Incorporated
  • Tilcon Delaware Incorporated, see CRH
  • Tilcon New York Incorporated, see CRH
  • Tremco Incorporated, see RPM International
  • Trumbull Asphalt, see Owens Corning
  • Unique Paving Materials Corporation
  • United Refining Company
  • Valero Energy Corporation
  • Vulcan Asphalt, see United Refining
  • Vulcan Materials Company
  • Western Emulsions Incorporated
  • WRB Refining LLC, see ConocoPhillips
  • Wright Asphalt Products Company, see Alon USA
  • Ziegler Chemical & Mineral Corporation
• Additional Companies Mentioned in the Study

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

• Summary Table

SECTION II -- MARKET ENVIRONMENT

• 1 Macroeconomic Indicators
• 2 Demographic Indicators
• 3 Construction Expenditures
• 4 Building Construction Expenditures
• 5 Residential Construction Expenditures
• 6 Housing Indicators
• 7 Residential Improvement & Repair Expenditures
• 8 Nonresidential Construction Expenditures
• 9 Nonbuilding Construction Expenditures
• 10 US Highway Mileage
• 11 Public Highway Spending
• 12 Petroleum Product Supply & Demand
• 13 Asphalt Market, 1996-2006
• 14 Asphalt Pricing Trends
• 15 Asphalt Product Foreign Trade

SECTION IV -- PRIMARY ASPHALT SUPPLY & DEMAND

• 1 Primary Asphalt Supply & Demand
• 2 Primary Asphalt Demand by Use
• 3 Primary Asphalt Demand in Paving
• 4 Primary Asphalt Demand in Roofing
• 5 Primary Asphalt Demand in Other Uses

SECTION V -- ASPHALT PRODUCTS

• 1 Asphalt Demand by Product
• 2 Paving Products -- Asphalt Demand by Type
• 3 Asphalt Cement Demand
• 4 Asphalt Demand in Asphalt Emulsions
• 5 Asphalt Demand in Cutback Asphalts
• 6 Asphalt Demand in Other Paving Products
• 7 Roofing Products -- Asphalt Demand by Type
• 8 Asphalt Demand in Asphalt Shingles
• 9 Roofing Asphalt Demand
• 10 Modified Asphalt Roofing Membrane Demand
• 11 Standard Asphaltic Roofing Felt Demand
• 12 Asphalt Demand in Other Roofing Products
• 13 Asphalt Demand in Other Products

SECTION VI -- ASPHALT MARKETS

• 1 Asphalt Demand by Market & Application
• 2 Residential Building Construction Market for Asphalt
• 3 New Housing Market for Asphalt
• 4 Residential Replacement & Maintenance Market for Asphalt
• 5 Nonresidential Building Construction Market for Asphalt
• 6 New Nonresidential Building Construction Market for Asphalt
• 7 Nonresidential Replacement & Maintenance Market for Asphalt 140
• 8 Nonbuilding Construction Market for Asphalt
• 9 New Nonbuilding Construction Market for Asphalt
• 10 Nonbuilding Replacement & Maintenance Market for Asphalt
• 11 Other Markets for Asphalt

SECTION VII -- ASPHALT DEMAND BY REGION

• 1 Gross Domestic Product by Region
• 2 Population by Region
• 3 Construction Spending by Region
• 4 Regional Housing Indicators
• 5 Primary Asphalt Capacity by Region, 2006
• 6 Asphalt Demand by Region & Type
• 7 Northeast Region Demand for Asphalt
• 8 New England Demand for Asphalt
• 9 Middle Atlantic Demand for Asphalt
• 10 Midwest Region Demand for Asphalt
• 11 East North Central Demand for Asphalt
• 12 West North Central Demand for Asphalt
• 13 South Region Demand for Asphalt
• 14 South Atlantic Demand for Asphalt
• 15 East South Central Demand for Asphalt
• 16 West South Central Demand for Asphalt
• 17 West Region Demand for Asphalt
• 18 Mountain Demand for Asphalt
• 19 Pacific Demand for Asphalt

SECTION VIII -- INDUSTRY STRUCTURE

• 1 US Asphalt Paving Product Sales by Company, 2006
• 2 US Asphalt Roofing Product Sales by Company, 2006
• 3 Selected Acquisitions & Divestitures
• 4 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

• 1 Year of Construction of Housing Stock, 2006
• 2 Asphalt Market, 1996-2006
• 3 Asphalt Market Seasonality
• 4 Primary Asphalt Foreign Trade, 2006

SECTION IV -- PRIMARY ASPHALT SUPPLY & DEMAND

• 1 Primary Asphalt Flow Chart
• 2 Primary Asphalt Demand by Use, 2006

SECTION V -- ASPHALT PRODUCTS

• 1 Asphalt Demand by Product, 2006
• 2 Paving Products -- Asphalt Demand by Type, 2006
• 3 Roofing Products -- Asphalt Demand by Type, 2006

SECTION VI -- ASPHALT MARKETS

• 1 Asphalt Demand by Market, 2006

SECTION VII -- ASPHALT DEMAND BY REGION

• 1 US Primary Asphalt Capacity by Region, 2006
• 2 Asphalt Demand by Region, 2006

SECTION VIII -- INDUSTRY STRUCTURE

• 1 US Primary Asphalt Capacity by Producer, 2006
• 2 Asphalt Paving Product Market Share, 2006
• 3 Asphalt Roofing Product Market Share, 2006