The asphalt market in China has expanded 12.5 percent a year during the last decade and topped 12.3 million metric tons in 2005.
April 24, 2007 (Press Release) --
Asphalt demand in China to grow over 6% annually through 2010
The asphalt market in China has expanded 12.5 percent a year during the last decade and topped 12.3 million metric tons in 2005. Demand increases will continue to outpace the worldwide asphalt market, rising 6.0 percent annually through 2010 to over 16 million metric tons, benefitting from robust growth in the booming construction industry in China.
Demand for paving asphalt to post outstanding gains
Demand for asphalt in paving applications is projected to register robust gains through 2010. Among the different types of asphalt paving products, demand for emulsified asphalt will benefit from increasing use in maintenance and repair applications and post the best gains through 2010. Asphalt cement will continue as the dominant asphalt paving product, accounting for over threequarters of overall demand for paving asphalt. In addition, continuing adoption of performance-based specifications for road construction will generate demand for polymer-modified asphalts.
Nonbuilding market will remain dominant
Nonbuilding construction will remain the largest as well as the fastest growing market for asphalt products, benefitting from the country’s ambitious road construction plan, reflecting the government’s efforts to improve the country’s infrastructure. The nonresidential building market for asphalt will also enjoy healthy expansion over the forecast period as construction activity continue to post strong gains, particularly in the office, commercial and industrial segments. Nonresidential building activity will boost demand for asphaltic roofing, such as built-up roofing and modified bitumen membranes, as well as for asphalt paving products used in driveways and parking lots. Asphalt demand in the residential building segment is expected to grow at modest rates during the forecast period. Nevertheless, such roofing products as asphalt shingles and modified bitumen membranes will continue their inroads in the residential building market, driving asphalt demand.
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The asphalt market in China has expanded 12.5 percent a year during the last decade and topped 12.3 million metric tons in 2005. Demand increases will continue to outpace the worldwide asphalt market, rising 6.0 percent annually through 2010 to over 16 million metric tons, benefitting from robust growth in the booming construction industry in China.
Demand for paving asphalt to post outstanding gains
Demand for asphalt in paving applications is projected to register robust gains through 2010. Among the different types of asphalt paving products, demand for emulsified asphalt will benefit from increasing use in maintenance and repair applications and post the best gains through 2010. Asphalt cement will continue as the dominant asphalt paving product, accounting for over threequarters of overall demand for paving asphalt. In addition, continuing adoption of performance-based specifications for road construction will generate demand for polymer-modified asphalts.
Nonbuilding market will remain dominant
Nonbuilding construction will remain the largest as well as the fastest growing market for asphalt products, benefitting from the country’s ambitious road construction plan, reflecting the government’s efforts to improve the country’s infrastructure. The nonresidential building market for asphalt will also enjoy healthy expansion over the forecast period as construction activity continue to post strong gains, particularly in the office, commercial and industrial segments. Nonresidential building activity will boost demand for asphaltic roofing, such as built-up roofing and modified bitumen membranes, as well as for asphalt paving products used in driveways and parking lots. Asphalt demand in the residential building segment is expected to grow at modest rates during the forecast period. Nevertheless, such roofing products as asphalt shingles and modified bitumen membranes will continue their inroads in the residential building market, driving asphalt demand.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=8058
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
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