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시장보고서
ASPHALT IN CHINA to 2012 (Industry forecasts for 2012 & 2017)
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Abstract
Demand in China to rise 5% annually through 2012
Demand for asphalt in China is expected to rise 5.0 percent annually through
2012 to 16.8 million metric tons. Growth will be supported by increasing
construction expenditures fueled by continuing urbanization and modernization.
In particular, nonbuilding construction spending will be the leading driver of
asphalt demand growth going forward. Central and local governments will
continue to invest extensively in asphalt consuming infrastructure projects
such as highway and other paved surface construction. Such investment is part
of longer-term development plans, but will also be accelerated by spending
included in China' s stimulus package designed to offset the effects of
declining trade volumes and urban real estate market corrections on the
domestic economy.
Gains in paving market to outpace roofing
Asphalt consumed in the manufacture of paving products in China is forecast to
increase 5.4 percent annually through 2012. Rising expenditures on new road
construction, as well as the maintenance and repair of a large and rapidly
expanding stock of paved roads, will boost paving asphalt demand.
Demand for asphalt used in roofing products in China is expected to expand 4.0
percent per year through 2012. Growth will be driven by increases in building
construction expenditures. Asphalt shingles represent the fastest growing
material used in sloped-roof applications in China, and will benefit from the
ongoing Flat to Slope roof conversion project. Rising construction
expenditures on residential, office and commercial, and industrial buildings
will benefit demand for low-slope asphaltic roofing, such as modified bitumen
membranes and built-up roofing. However, short-term gains will be restricted
as urban real estate markets experience a correction following a period of
overheating and the Chinese manufacturing sector adjusts to lower levels of
global demand.
Southwest, Northwest regions to see fastest gains
Asphalt markets in the six regions that make up China vary considerably,
reflecting differences in levels of construction activity, demographics,
industrial output and economic development. The Central-East is expected to
remain the largest regional asphalt market in China through 2012, fueled by
increases in regional construction expenditures. However, asphalt consumption
is forecast to climb at a much faster pace in the Southwest and Northwest,
benefiting from the government' s Great Western Development strategy, which
aims at improving the infrastructure and overall economic development in these
areas.
Study coverage
This new Freedonia industry study, Asphalt in China, presents historical
demand data (1997, 2002 and 2007) plus forecasts for 2012 and 2017 by product,
market and region. The study also considers market environment factors,
details industry structure, evaluates company market share and profiles
industry competitors.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Economic Overview
- Recent Economic Performance
- Economic Outlook
- Demographic Overview
- Industrialization & Manufacturing Trends
- Labor Force & Employment Trends
- Personal Income & Expenditures
- Banking System & Regulations
- Currency Exchange
- Nonbuilding Construction Outlook
- New Construction
- Improvements & Repairs
- Transportation
- Building Construction Outlook
- Residential
- New Housing
- Additions & Alterations
- Maintenance & Repairs
- Housing Stock & Living Space
- Nonresidential
- New Construction
- Additions & Alterations
- Maintenance & Repairs
- Building Stock
- The Eleventh Five-Year Plan
- Legal & Regulatory Issues
- Technology Trends
- Competing Materials
- World Outlook
- Foreign Trade
III. PRIMARY ASPHALT
- General
- Supply & Demand
- Primary Asphalt Types
IV. ASPHALT PRODUCTS
- General
- Paving
- Asphalt Cement
- Asphalt Emulsions
- Cutback Asphalts
- Other Paving Asphalts
- Roofing
- Built-Up & Roll Roofing
- Modified Bitumen Roofing
- Asphalt Shingles
- Other Roofing Asphalt Products
- Other Asphalt Products
V. ASPHALT PRODUCT MARKETS
- General
- Nonbuilding Construction
- New
- Maintenance & Repairs
- Nonresidential Building Construction
- New
- Improvements & Repairs
- Residential Building Construction
- New
- Improvements & Repairs
- Other Markets
VI. REGIONAL TRENDS
- General
- Regional Demographic & Economic Trends
- Population Patterns
- Economic Outlook
- Construction Expenditures
- Nonbuilding Construction Expenditures
- Nonresidential Building Construction Expenditures
- Residential Building Construction Expenditures
- Regional Asphalt Demand
- Central-North
- Northeast
- Central-East
- Central-South
- Southwest
- Northwest
VII. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Foreign Participation in the Chinese Market
- Legal & Regulatory Issues
- Joint Ventures
- Wholly Owned Foreign Enterprises
- Representative Offices
- Exporting to China
- Cooperative Agreements
COMPANY PROFILES
- Anglo American plc
- Bouygues SA
- Caltex Corporation, see Chevron Corporation
- Chevron Corporation
- Colas SA, see Bouygues SA
- China National Offshore Oil Corporation
- China National Petroleum Corporation
- China Offshore Bitumen Company Limited, see China National Offshore Oil
Corporation
- China Petroleum & Chemical Corporation
- China Petroleum Sales Jiangsu Company Limited, see PetroChina Company
Limited
- CNOOC Bitumen Sichuan Limited, see China National Offshore Oil Corporation
- Dalian West Pacific Petrochemical Company Limited, see PetroChina Company
Limited and Total SA
- Exxon Mobil Corporation
- Foshan Zhongyou Gaofu Petroleum Company Limited, see China National
Petroleum Corporation
- Guangyuanfa Elf Bitumen Company Limited, see Total SA
- Neste Oil Oyj
- Panjin Northern Asphalt Company Limited
- Panjin Nynas North Bitumen Company Limited, see Panjin
- Northern Asphalt Company Limited
- Panjin PetroChina Liaohe Asphalt Company Limited, see PetroChina Company
Limited
- PetroChina Company Limited
- Qinhuangdao Zhongyou Petrochemicals Company Limited, see PetroChina
Company Limited
- Rizhao Lanshan Caltex Asphalt Company Limited, see Chevron Corporation
- Royal Dutch Shell plc
- Sanshui Yihao Asphalt Company Limited
- Shandong Befar Group Company Limited
- Shandong Huifeng Petroleum & Chemical Company
- Shandong Qingyuan Group Company Limited
- Shanghai Pusheng Asphalt Concrete Limited, see Anglo American plc
- Shell China Limited, see Royal Dutch Shell plc
- Shell Road Service Shanghai Company Limited, see Royal Dutch Shell plc
- Sinopec Corporation, see China Petroleum & Chemical
- Corporation
- SK Energy Company Limited
- Tipco Asphalt Public Company Limited, see Bouygues SA
- Total SA
- Weifang Hongrun Petrochemical Auxiliary Company
- Wenzhou Zhongyou Fuel Petrochemical Company Limited, see China National
Petroleum Corporation
- Xinjiang Bazhou Tianyuan Petrochemical Company
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
- 1 Gross Domestic Product of China
- 2 Population of China
- 3 Households in China by Region
- 4 Manufacturing Value Added in China
- 5 Urban Labor Force & Employment Trends in China, 1997-2007
- 6 Personal Income & Expenditures in China
- 7 Interest Rates in China, 1997-2007
- 8 Chinese Currency Exchange Rates, 1997-2007
- 9 Nonbuilding Construction Expenditures in China
- 10 Paved Roads in China by Region
- 11 Building Construction Expenditures in China
- 12 Residential Building Construction Expenditures in China
- 13 Housing Stock & Living Space in China
- 14 Nonresidential Building Construction Expenditures in China
- 15 Nonresidential Building Stock in China
- 16 World Asphalt Demand by Region
- 17 Asphalt Foreign Trade in China
SECTION III -- PRIMARY ASPHALT
- 1 Primary Asphalt Supply & Demand in China
SECTION IV -- ASPHALT PRODUCTS
- 1 Asphalt Demand in China by Product
- 2 Paving Products in China -- Asphalt Demand by Type
- 3 Asphalt Cement Demand in China
- 4 Asphalt Demand in Asphalt Emulsions in China
- 5 Asphalt Demand in Cutback Asphalts in China
- 6 Asphalt Demand in Other Paving Products in China
- 7 Roofing Products in China -- Asphalt Demand by Type
- 8 Built-Up & Roll Roofing -- Asphalt Demand in China
- 9 Modified Bitumen Roofing -- Asphalt Demand in China
- 10 Asphalt Shingles -- Asphalt Demand in China
- 11 Other Roofing Products -- Asphalt Demand in China
- 12 Other Asphalt Products -- Asphalt Demand in China
SECTION V -- ASPHALT PRODUCT MARKETS
- 1 Asphalt Demand in China by Market & Application
- 2 Nonbuilding Construction -- Asphalt Demand in China
- 3 New Nonbuilding Construction -- Asphalt Demand in China
- 4 Nonbuilding Maintenance & Repairs -- Asphalt Demand in China
- 5 Nonresidential Building Construction -- Asphalt Demand in China
- 6 New Nonresidential Building Construction -- Asphalt Demand in China
- 7 Nonresidential Building Improvements & Repairs -- Asphalt Demand in China
- 8 Residential Building Construction -- Asphalt Demand in China
- 9 New Residential Building Construction -- Asphalt Demand in China
- 10 Residential Building Improvements & Repairs -- Asphalt Demand in China
- 11 Other Markets -- Asphalt Demand in China
SECTION VI -- REGIONAL TRENDS
- 1 Population of China by Region
- 2 Gross Domestic Product of China by Region
- 3 Construction Expenditures in China by Region
- 4 Nonbuilding Construction Expenditures in China by Region
- 5 Nonresidential Building Construction Expenditures in China by Region
- 6 Residential Building Construction Expenditures in China by Region
- 7 Asphalt Demand in China by Region
- 8 Central-North Region of China: Asphalt Demand
- 9 Northeast Region of China: Asphalt Demand
- 10 Central-East Region of China: Asphalt Demand
- 11 Central-South Region of China: Asphalt Demand
- 12 Southwest Region of China: Asphalt Demand
- 13 Northwest Region of China: Asphalt Demand
SECTION VII -- INDUSTRY STRUCTURE
- 1 Revenue Data: Selected Asphalt Companies, 2007
- 2 Selected Cooperative Agreements
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