Abstract
US asphalt demand to reach 38.5 million tons by 2011
Demand for asphalt in the United States is projected to increase 2.3 percent annually from 2006 to 38.5 million tons in 2011. This represents a considerable improvement over the performance posted in the 2001- 2006 period, when a drop-off in road construction negatively impacted demand for paving products, the dominant end use for asphalt.
Demand for asphalt will also benefit from the increasing use of new paving technologies, such as in-place recycling, microsurfacing and chip seal technologies. Asphalt cement will remain the dominant asphalt paving product. Continuing adoption of performance-based specifications for road projects will generate demand for polymermodified asphalts.
Study coverage
The study presents historical demand data (1996, 2001 and 2006) plus forecasts for the years 2011 and 2016 by product and US geographic region. This study also considers market environment factors, details industry structure, evaluates market shares and profiles key players such as Citgo Petroleum, Marathon Oil, Chevron, Valero Energy and BP.
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
- Paving Mixtures
- 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
- Asphalt Shingles
- 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
- Northeast
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
