NEW YORK, Sept. 10, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
US Asphalt Markethttp://www.reportlinker.com/p0158665/US-Asphalt-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Mineral_Mining
US demand to rise 3.7% annually through 2017Demand for asphalt in the US is forecast to increase 3.7 percent annually to 27.9 million tons in 2017. This is equivalent to 154 million barrels of primary asphalt, the vast majority of which is refined petroleum asphalt. Demand for asphalt is expected to advance from its low 2012 base, spurred by growth in highway and road construction spending and building construction expenditures, the two largest markets for asphalt. However, asphalt demand in 2017 will not reach the level seen in 2007. Rising use of recycled asphalt pavement (RAP) and increasing interest in rehabilitating and repairing older or worn surfaces -- instead of building new roads -- will serve as a check on asphalt demand advances.
Paving asphalt to remain dominant segmentPaving products accounted for 71 percent of asphalt consumption in 2012, and will remain the leading application for asphalt going forward, increasing 3.9 percent per annum to 20.2 million tons in 2017. The passage of the Moving Ahead for Progress in the 21st Century Act (MAP-21), which guarantees funding for highway and road construction projects through October 2014, provides an immediate boost to demand for paving materials. However, long-term gains will be checked by the efforts of government agencies to maintain existing road networks, rather than build new ones. It takes less asphalt paving product to repair roads than to construct them.
Paving products demand will also be suppressed by increasing use of in-place recycling road construction methods, such as those that use RAP. These methods are favored by state transportation agencies because they are less costly; reusing old pavement to make new road surfaces reduces demand for asphalt cement, the most frequently specified paving material. Demand for asphalt emulsions will benefit from rising use of RAP, as emulsions can be blended with old pavements to rejuvenate worn highway surfaces and repair moderately damaged highways.
Residential market to pace asphalt roofing segmentDemand for asphalt used to make roofing and other products is forecast to rise 3.0 percent annually to 7.7 million tons in 2017. Advances will be spurred by the rebound in building construction expenditures. The residential market will see the fastest growth, as strong gains in single-family housing completions will boost demand for asphalt shingles. In the nonresidential segment, rising construction spending will support demand for low-slope roofing products, such as modified bitumen membranes, roll roofing, and mopping asphalts.
Study coverageThis upcoming Freedonia industry study, Asphalt, is priced at $5300. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by product, market and US region.
The study also considers market environment factors, evaluates company market share, and profiles industry players. TABLE OF CONTENTS
INTRODUCTION xiI. EXECUTIVE SUMMARY 1II. MARKET ENVIRONMENT 4General 4Macroeconomic Environment 4Demographic Trends 8Construction Expenditures 12Building Construction 15Residential Buildings 17Housing Completions 19Housing Stock 24Improvements & Repairs 28Nonresidential Buildings 29New 30Improvements & Repairs 32Nonbuilding Construction 34Highway Mileage 35Public Highway Spending 36Petroleum Industry Trends 39Primary Asphalt Market Trends 41Primary Asphalt Market Seasonality 45Asphalt Products Pricing Trends 46Competitive Materials 50Roofing 50Paving 52Foreign Trade 54Primary Asphalt 54Asphalt Products 56
III. ASPHALT OVERVIEW 58General 58Primary Asphalt 58Paving Methods 60Hot-Mix Asphalt 60Warm-Mix Asphalt 62Hot- & Cold-Patch Materials 64Other Asphalt Paving Methods 65Bituminous Surface Treatment 65Thin Membrane Surface Treatment 66Granular Pavement 66Composite Pavements 66Open Grade Friction Courses 67Stone-Matrix Asphalt 68Low Energy Asphalt 69Paving Asphalt Product Developments 69Superpave 69Perpetual Pavements 70Asphalt Modifiers 71Asphalt Roofing Products 73Environmental Issues 74Recycling 75Recycled Asphalt Pavement 75Crumb Rubber 77Asphalt Shingles 78Emissions-Related Issues 79Government Road Construction Activity 82SAFETEA-LU & MAP-21 82Highway Trust Fund 83
IV. PRIMARY ASPHALT SUPPLY & DEMAND 85General 85Supply & Demand 88Primary Asphalt Types 91Primary Asphalt Demand by Use 92Paving Asphalts 95Asphalt Cement 98Asphalt Emulsions 99Cutback Asphalt 99Other Paving Asphalts 100Roofing Asphalts 100Other Asphalts 102
V. ASPHALT PRODUCTS 104General 104Demand Drivers 105Paving Products 108Asphalt Cement 112Asphalt Emulsions 115Cutback Asphalt 118Other Asphalt Paving Products 120Roofing Products 123Asphalt Shingles 125Modified Bitumen Roofing Membranes 128Mopping Asphalts 132Standard Asphaltic Roofing Felts 134Other Asphalt Roofing Products 137Other Asphalt Products 139Construction Products 140Nonconstruction Products 143
VI. MARKETS 146General 146Construction 147Residential Buildings 151New 154Improvement & Repair 157Nonresidential Buildings 160New 163Improvement & Repair 165Nonbuilding 168New 170Improvement & Repair 172Nonconstruction Markets 175
VII. REGIONS 177General 177Regional Demographic & Economic Trends 178Population Patterns 179Economic Outlook 182Regional Construction 185Housing Trends 188Primary Asphalt Capacity by Region 191Regional Asphalt Demand 194Northeast 197New England 199Middle Atlantic 201Midwest 203East North Central 207West North Central 209South 211South Atlantic 214East South Central 217West South Central 218West 221Mountain 224Pacific 226
VIII. INDUSTRY STRUCTURE 230General 230Industry Concentration 231Primary Asphalt Market Share 232Asphalt Paving Products Market Share 238Asphalt Roofing Products Market Share 242Manufacturing 246Marketing & Distribution 248Mergers & Acquisitions 252Cooperative Agreements 255Company Profiles 257Alon USA Energy Incorporated 258American Gilsonite Company 260APAC Atlantic, see CRHArrMaz Custom Chemicals Incorporated 262Atlas Roofing, see Hood CompaniesBarrett Paving Materials, see BouyguesBASF SE 265Berkshire Hathaway Incorporated 267Bouygues SA 270BP plc 273Bridgestone Corporation 275Building Materials Corporation of America 277Burdick Materials, see CRHCalumet Specialty Products Partners LP 280CertainTeed, see Saint-GobainCHS Incorporated 281Colas, see BouyguesColaska, see BouyguesCPM Development, see CRHCrafco, see ErgonCRH plc 283DAP Products, see RPM InternationalDeer Park Refinery, see Royal Dutch ShellDelek US Holdings Incorporated 290
Delta Companies, see BouyguesDolomite Products, see CRHDuPont (EI) de Nemours 291Ergon Incorporated 292Exxon Mobil Corporation 296Firestone Building Products, see BridgestoneFlint Hills Resources, see Koch IndustriesFortifiber Corporation 297GAF Materials, see Building Materials Corporation ofAmericaHeidelbergCement AG 299Henry Company 301HollyFrontier Corporation 304Hood Companies 305Imperial Oil, see Exxon MobilJohns Manville, see Berkshire HathawayKoch Industries Incorporated 308Lafarge SA 309Lehigh Hanson, see HeidelbergCementLion Oil, see Delek US HoldingsMarathon Petroleum Corporation 311Michigan Paving & Materials, see CRHMontana Refining, see Calumet Specialty ProductsPartnersMurphy Oil Corporation 313NuStar Energy LP 314Oldcastle Materials, see CRH
Owens Corning 315Pennsy Supply, see CRHPhillips 66 319Pike Industries, see CRHPJ Keating, see CRHReeves Construction, see BouyguesRepublic Powdered Metals, see RPM InternationalRoad Science, see ArrMaz Custom ChemicalsRoyal Dutch Shell plc 321RPM International Incorporated 323Saint-Gobain 327Shelly, see CRHSinclair Oil Corporation 331Sloan Construction, see BouyguesSlusser Brothers, see CRHStaker Parson Companies, see CRHTAMKO Building Products Incorporated 332Tilcon Connecticut, see CRHTrap Rock Industries, see CRHTremco, see RPM InternationalTricor Refining, see ErgonTrumbull Asphalt, see Owens CorningUNIQUE Paving Materials Corporation 336United Refining Company 337Valero Energy Corporation 338Vulcan Materials Company 340Western Emulsions Incorporated 341WRB Refining, see Phillips 66Wright Asphalt Products, see Alon USA EnergyZiegler Chemical & Mineral Corporation 342Additional Companies Mentioned in Study 344
LIST OF TABLESSECTION I -- EXECUTIVE SUMMARYSummary Table 3SECTION II -- MARKET ENVIRONMENT1 Macroeconomic Indicators 82 Population & Households 123 Construction Expenditures 144 Building Construction Expenditures 165 Residential Building Construction Expenditures 196 New Housing Indicators 247 Housing Stock by Type 278 Residential Improvement & Repair Expenditures 299 Nonresidential Building Construction Expenditures 3210 Nonresidential Building Improvement & Repair Expenditures 3311 Nonbuilding Construction Expenditures 3512 US Highway Mileage 3613 Public Highway Spending 3814 Refined Petroleum Products Consumption & Production 4115 Primary Asphalt Market, 2002-2012 4416 Asphalt Products Pricing 5017 Asphalt Products Foreign Trade 57
SECTION IV -- PRIMARY ASPHALT SUPPLY & DEMAND1 Primary Asphalt Supply & Demand 912 Demand for Primary Asphalt by Use 943 Paving Demand for Primary Asphalt 984 Roofing Demand for Primary Asphalt 1025 Demand for Primary Asphalt in Other Uses 103
SECTION V -- ASPHALT PRODUCTS1 Asphalt Products Demand 1052 Use of Asphalt in Paving Products 1113 Asphalt Cement -- Asphalt Content 1154 Asphalt Emulsions -- Asphalt Content 1185 Cutback Asphalt -- Asphalt Content 1206 Other Asphalt Paving Products -- Asphalt Content 1227 Use of Asphalt in Roofing Products 1248 Asphalt Shingles -- Asphalt Content 1289 Modified Bitumen Roofing Membranes -- Asphalt Content 13110 Mopping Asphalt Demand 13411 Standard Asphalt Roofing Felts -- Asphalt Content 13712 Other Asphalt Roofing Products -- Asphalt Content 13913 Asphalt Content in Other Products 140
SECTION VI -- MARKETS1 Asphalt Demand by Market 1472 Construction Demand for Asphalt by Market & Application 1503 Residential Building Market for Asphaltby Product & Application 1544 New Residential Building Market for Asphalt 1565 Residential Improvement & Repair Asphalt Demand 1606 Nonresidential Building Market for Asphaltby Product & Application 1637 New Nonresidential Building Market for Asphalt 1658 Nonresidential Building Improvement & Repair Marketfor Asphalt 1679 Nonbuilding Construction Market for Asphaltby Product & Application 17010 New Nonbuilding Construction Market for Asphalt 17211 Nonbuilding Improvement & Repair Market for Asphalt 17512 Asphalt Demand in Nonconstruction Markets 176
SECTION VII -- REGIONS1 Population by Region 1822 Gross Domestic Product by Region 1853 Construction Expenditures by Region 1874 Regional Housing Indicators 1905 US Primary Asphalt Capacity by Region, 2012 1936 Asphalt Demand by Region & Application 1967 Northeast Asphalt Demand by Subregion & Application 1998 New England Asphalt Demand 2019 Middle Atlantic Asphalt Demand 20310 Midwest Asphalt Demand by Subregion & Application 20711 East North Central Asphalt Demand 20912 West North Central Asphalt Demand 21113 South Asphalt Demand by Subregion & Application 21414 South Atlantic Asphalt Demand 21615 East South Central Asphalt Demand 21816 West South Central Asphalt Demand 22017 West Asphalt Demand by Subregion & Application 22318 Mountain Asphalt Demand 22619 Pacific Asphalt Demand 229
SECTION VIII -- INDUSTRY STRUCTURE1 US Primary Asphalt Capacity by Producer, 2012 2342 Asphalt Paving Products Market Leaders, 2012 2413 Asphalt Roofing Products Market Leaders, 2012 2454 Selected Acquisitions & Divestitures 2545 Selected Cooperative Agreements 256
LIST OF CHARTSSECTION II -- MARKET ENVIRONMENT1 Year of Construction of Housing Stock, 2012 272 Primary Asphalt Market, 2003-2012 453 Asphalt Market Seasonality 46
SECTION IV -- PRIMARY ASPHALT SUPPLY & DEMAND1 Primary Asphalt Flow Chart 872 Primary Asphalt Demand by Use, 2012 95
SECTION V -- ASPHALT PRODUCTS1 Use of Asphalt in Paving Products, 2012 1122 Use of Asphalt in Roofing Products, 2012 125
SECTION VI -- MARKETS1 Asphalt Demand in Construction Markets, 2012 151
SECTION VII -- REGIONS1 US Primary Asphalt Capacity by Region, 2012 1942 Asphalt Demand by Region, 2012 197
SECTION VIII -- INDUSTRY STRUCTURE1 Primary Asphalt Capacity by Producer, 2012 2352 Asphalt Paving Products Market Share, 2012 2423 Asphalt Roofing Products Market Share, 2012 246
To order this report: US Asphalt Markethttp://www.reportlinker.com/p0158665/US-Asphalt-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Mineral_Mining
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