Abstract
Worldwide demand to grow 2.6% per year through 2011
World demand for asphalt products is projected to increase 2.6 percent per
year to 124 million metric tons in 2011. This represents a slight deceleration
from the gains posted in the 2001 to 2006 period, mostly due to slowing growth
in China, which nonetheless remains the strongest market going forward. Other
nations in the Asia/Pacific region will also record above-average advances.
Growth prospects will vary widely, with the more developed areas (the United
States, Western Europe and Japan) registering relatively slow gains; while
developing economies will generally post more robust advances.
Developing regions hold best prospects for asphalt roofing products
Demand for asphalt in roofing products will increase 2.1 percent annually to
16.4 million metric tons in 2011. Gains will benefit from increasing
construction activity and growing market penetration in countries where
asphalt roofing currently accounts for a relatively small portion of total
roofing demand. In parti-cular, opportunities will continue to exist in the
Asia/Pacific region (except Japan), Latin America and Eastern Europe.
Study coverage
Historical data (1996, 2001, 2006) plus forecasts for 2011 and 2016 are
included by product and geographic region. Global demand is presented in
millions of metric tons and millions of barrels. The study also considers
market environment factors, assesses company market share and profiles 37
participants in the asphalt industry worldwide, such as Petroleos de Venezuela
(PDVSA), Valero Energy, Marathon Oil, Chevron, Conoco, Royal Dutch/Shell,
Exxon Mobil and BP.
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