ASPHALT (US industry forecasts for 2013 & 2018)

This publication has been discontinued on November 16, 2011.

Below is the updated product.

Introduction

Abstract

US primary asphalt demand to increase 2.4 percent annually through 2013

Demand for primary asphalt in the US is projected to increase 2.4 percent annually from a weak 2008 base. Demand will benefit in large part from renewed growth in highway capital spending and road improvement and repair activity. Gains in consumption will also derive in large part from an expected recovery in new home building, sparking increased demand for asphalt shingles and other roofing products, as well as paving asphalt used in driveways and roads.

Infrastructure improvements to spur paving product gains

Paving products represent the dominant outlet for primary asphalt, accounting for more than 80 percent of total demand. Consumption of asphalt paving products will benefit over the short term from stimulus spending, much of which was targeted at infrastructure improvements. Over the longer term, demand for asphalt paving products will be driven by the need to repair and upgrade existing roadways and from more stable petroleum pricing, which will expand the amount of road surface being paved.

Residential applications to foster growth in asphalt roofing products

Demand for asphalt roofing products, the dominant roofing materials used in the United States, will increase 1.5 percent annually through 2013. Widely used in both residential and nonresidential roofing applications, asphalt roofing materials will benefit from the recovery in new residential construction, as well as continued gains in residential improvement and repair applications. In nonresidential markets, on the other hand, demand will decline slightly through 2013, reflecting a downturn in construction spending in that market segment.

South to remain top region

The South will remain the largest asphalt consuming region in the US, reflecting its large installed base of homes and revived growth in new housing completions. The region also possesses the largest installed base of highways and roads, supporting demand for asphalt paving products. The Midwest, also a sizeable consumer of asphalt products, will benefit from a strong resurgence in new housing construction. In the West region, strong new housing construction and road building will support gains in demand. Meanwhile, the Northeast will remain the smallest and slowest growing regional market.

Study coverage

Asphalt, a new Freedonia industry study, examines the US market for asphalt and asphalt products. Historical data (1998, 2003 and 2008) plus forecasts to 2013 and 2018 are presented for primary asphalt, asphalt paving products, asphalt roofing and other asphalt products. The study also reviews key market environment factors, assesses US industry structure, evaluates company market shares and profiles 40 leading competitors.

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

• General
• Macroeconomic Environment
• Demographic Trends
• Construction Trends
  • Building Construction
    • Residential Construction
      • Housing Starts
      • Housing Stock
      • Improvements & Repairs
    • Nonresidential Construction
      • Office & Commercial
      • Institutional
      • Industrial
      • Transportation & Other Buildings
      • Improvements & Repairs
  • Nonbuilding Construction
    • Highway Mileage
    • Public Highway Spending
• Petroleum Industry Trends
• Primary Asphalt Market Trends
• Primary Asphalt Market Seasonality
• Asphalt Products Pricing Trends
• Competitive Materials
• Foreign Trade
  • Primary Asphalt
  • Asphalt Products

III. TECHNOLOGY & REGULATORY ISSUES

• General
• Technology
  • Paving Technologies
    • Hot-Mix Asphalt
    • Asphalt Patch Technologies
    • Bituminous Surface Treatment
    • Thin Membrane Surface Treatment
    • Granular Pavement
    • Composite Pavements
    • Open Grade Friction Courses
    • Stone-Matrix Asphalt
    • Warm-Mix Asphalt Paving
    • Low Energy Asphalt
    • Superpave
    • Perpetual Pavements
    • Competing Paving Technologies
  • Asphalt Modifiers
  • Roofing Asphalt Technologies
• Environmental & Regulatory Issues
  • Recycling
  • Environmental Issues
  • Government Road Construction Funding

IV. PRIMARY ASPHALT SUPPLY & DEMAND

• General
• Supply & Demand
• Primary Asphalt Types
• Primary Asphalt Demand by Use
  • Paving Asphalts
    • Asphalt Cement
    • Asphalt Emulsions
    • Cutback Asphalt
    • Other Paving Products
  • 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
  • Roofing Asphalts
  • Modified Asphalt Roofing Membranes
  • Standard Asphaltic Roofing Felts
  • Other Asphalt Roofing Products
• Other Asphalt Products
  • Construction Products
  • Nonconstruction Products

VI. MARKETS

• General
• Construction
• Residential Building
  • New
  • Improvement & Repair
• Nonresidential Building
  • New
  • Improvement & Repair
• Nonbuilding
  • New
  • Improvement & Repair
• Nonconstruction Markets

VII. REGIONS

• General
• Macroeconomic Overview
• Demographic Trends
• Construction Trends
• 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 Products Market Share
• Asphalt Roofing Products Market Share
• Manufacturing
• Product Development
• Marketing & Distribution
• Acquisition & Divestiture Activity
• Cooperative Agreements

COMPANY PROFILES

• Alon USA Energy Incorporated
• American Gilsonite Company
• APAC Atlantic Incorporated, see CRH
• Barrett Paving Materials Incorporated, see Bouygues
• BASF SE
• Berkshire Hathaway Incorporated
• Bouygues SA
• BP plc
• Bridgestone Corporation
• Building Materials Corporation of America
• CertainTeed Corporation, see Saint-Gobain
• Chevron Corporation
• CHS Incorporated
• Colas Incorporated, see Bouygues
• Colaska Incorporated, see Bouygues
• ConocoPhillips
• CPM Development Corporation, see CRH
• Crafco Incorporated, see Ergon
• CRH plc
• DAP Products Incorporated, see RPM
• Deer Park Refinery LP, see Royal Dutch Shell
• Delta Companies Incorporated, see Bouygues
• Des Moines Asphalt and Paving Company, see CRH
• Dexco Polymers LP, see Exxon Mobil
• Dolomite Group, see CRH
• DuPont (EI) de Nemours
• Ergon Incorporated
• Exxon Mobil Corporation
• Flint Hills Resources LP, see Koch Industries
• Fortifiber Corporation
• GAF Materials Corporation, see Building Materials
• Corporation of America
• Hanson Aggregates North America, see HeidelbergCement
• HeidelbergCement AG
• Henry Company
• Holly Corporation
• Hood Companies
• 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
• NuStar Energy LP
• Oldcastle Materials Incorporated, see CRH
• Owens Corning
• Pennsy Supply Incorporated, see CRH
• Petroleos de Venezuela SA
• Pike Industries Incorporated, see CRH
• PJ Keating Company, see CRH
• Reeves Construction Company, see Bouygues
• Republic Powdered Metals Incorporated, see RPM
• Road Science LLC
• Royal Dutch Shell plc
• RPM International Incorporated
• Saint-Gobain
• SemGroup LP
• Shelly Company, see CRH
• Simon Contractors Company, see Bouygues
• Sinclair Oil Corporation
• Sloan Construction Company, see Bouygues
• Slusser Brothers, see CRH
• Staker Parson Companies, see CRH
• Sunoco Incorporated
• TAMKO Building Products Incorporated
• Tilcon Connecticut Incorporated, see CRH
• Tilcon Delaware Incorporated, see CRH
• Tilcon New York Incorporated, see CRH
• Tremco Incorporated, see RPM
• Tricor Refining LLC, see Ergon
• Trumbull Asphalt, see Owens Corning
• Unique Paving Materials Corporation
• United Refining Company
• Valero Energy Corporation
• Vulcan Asphalt Refining Corporation, see United Refining
• Vulcan Materials Company
• Western Emulsions Incorporated
• WRB Refining LLC, see ConocoPhillips
• Wright Asphalt Products Company, see Alon USA Energy
• Ziegler Chemical & Mineral Corporation
• Other Companies Mentioned in the Study

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

• Summary Table

SECTION II -- MARKET ENVIRONMENT

• 1 Macroeconomic Indicators
• 2 Population & Households
• 3 Construction Expenditures
• 4 Building Construction Expenditures
• 5 Residential Building Construction Expenditures
• 6 New Housing Indicators
• 7 Housing Stock by Type
• 8 Residential Improvement & Repair Expenditures
• 9 Nonresidential Building Construction Expenditures
• 10 Nonresidential Building Improvement & Repair Expenditures
• 11 Nonbuilding Construction Expenditures
• 12 US Highway Mileage
• 13 Public Highway Spending
• 14 Petroleum Products Supply & Demand
• 15 Primary Asphalt Market, 1998-2008
• 16 Asphalt Products Pricing
• 17 Asphalt Products 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 Emulsions Demand
• 5 Cutback Asphalt Demand
• 6 Other Asphalt Paving Products Demand
• 7 Asphalt Demand in Roofing Products
• 8 Asphalt Demand in Asphalt Shingles
• 9 Asphalt Demand in Roofing Asphalts
• 10 Asphalt Demand in Modified Asphalt Roofing Membranes
• 11 Asphalt Demand in Standard Asphaltic Roofing Felts
• 12 Asphalt Demand in Other Roofing Products
• 13 Asphalt Demand in Other Asphalt Products

SECTION VI -- ASPHALT MARKETS

• 1 Asphalt Demand by Market
• 2 Asphalt Demand in Construction Markets
• 3 Residential Markets for Asphalt
• 4 New Residential Market for Asphalt
• 5 Residential Improvement & Repair Market for Asphalt
• 6 Nonresidential Building Markets for Asphalt
• 7 New Nonresidential Building Market for Asphalt
• 8 Nonresidential Building Improvement & Repair Market for Asphalt
• 9 Nonbuilding Construction Markets for Asphalt
• 10 New Nonbuilding Construction Market for Asphalt
• 11 Nonbuilding Improvement & Repair Market for Asphalt
• 12 Nonconstruction Market for Asphalt

SECTION VII -- DEMAND BY REGION

• 1 Gross Domestic Product by Region
• 2 Population By Region
• 3 Construction Expenditures By Region
• 4 Regional Housing Indicators
• 5 US Primary Asphalt Capacity by Region, 2008
• 6 Asphalt Demand by Region & Type
• 7 Northeast Asphalt Demand
• 8 New England Asphalt Demand
• 9 Middle Atlantic Asphalt Demand
• 10 Midwest Asphalt Demand
• 11 East North Central Asphalt Demand
• 12 West North Central Asphalt Demand
• 13 South Asphalt Demand
• 14 South Atlantic Asphalt Demand
• 15 East South Central Asphalt Demand
• 16 West South Central Asphalt Demand
• 17 West Asphalt Demand
• 18 Mountain Asphalt Demand
• 19 Pacific Asphalt Demand

SECTION VIII -- INDUSTRY STRUCTURE

• 1 US Primary Asphalt Capacity by Producer, 2008
• 2 Asphalt Paving Products Sales by Company, 2008
• 3 Asphalt Roofing Products Sales by Company, 2008
• 4 Selected Acquisitions & Divestitures
• 5 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

• 1 Year of Construction of Housing Stock, 2008
• 2 Primary Asphalt Market, 1999-2008
• 3 Primary Asphalt Market Seasonality
• 4 Primary Asphalt Foreign Trade, 2008

SECTION IV -- PRIMARY ASPHALT SUPPLY & DEMAND

• 1 Primary Asphalt Flow Chart
• 2 Primary Asphalt Demand by Use, 2008

SECTION V -- ASPHALT PRODUCTS

• 1 Asphalt Demand by Product, 2008: Weight & Value
• 2 Paving Products -- Asphalt Demand by Type, 2008
• 3 Roofing Products -- Asphalt Demand by Type, 2008

SECTION VI -- ASPHALT MARKETS

• 1 Asphalt Demand in Construction Markets, 2008

SECTION VII -- DEMAND BY REGION

• 1 US Primary Asphalt Capacity by Region, 2008
• 2 Asphalt Demand by Region, 2008

SECTION VIII -- INDUSTRY STRUCTURE

• 1 Primary Asphalt Capacity by Producer, 2008
• 2 Asphalt Paving Products Market Share, 2008
• 3 Asphalt Roofing Products Market Share, 2008

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