Released on = April 20, 2007, 2:16 am

Press Release Author = Bharat Book Bureau

Industry = Marketing

Press Release Summary = 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.


Press Release Body =
Asphalt in China forecasts to 2010 & 2015

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.

Opportunities vary by region

Although China is a single nation, it consists of many distinct regional markets
characterized by different economies, cultures and languages. The Northwest remains
largely underdeveloped, but is targeted by the central government's "Go West"
strategy, which will result in sizable growth in roofing demand, benefitting from
surging building construction activity in the region. Also, the Northeast --
credited as "the cradle of China's planned economy", although it has experienced
subpar economic growth in the past decade -- is positioned by the central
government's "Reviving the Northeast" campaign to become the fourth economic engine
for China, joining ranks with the Pearl River Delta, the Yangtze River Delta and the
Jing-Jin-Tang Triangle areas. However, the Central-East and Central-South regions
will remain home to well over half of China's total population and will continue to
be the two biggest regional asphalt markets in China through 2010.

Study coverage

International asphalt product producers and distributors recognize the tremendous
market potential that China offers. However, planning for expansion into China is
difficult due to the lack of reliable market information. Asphalt in China, a new
Freedonia industry study priced at $4900, provides the information and analysis that
you need in order to plan for your company's positioning in China. The study
presents historical asphalt demand data (1995, 2000, 2005) plus forecasts to 2010
and 2015 by product type and market. In addition, the study also includes regional
breakouts for major market categories,presents company market share data and
profiles leading players in the Chinese asphalt industry.


For more information, Please visit : http://www.bharatbook.com/detail.asp?id

Web Site = www.bharatbook.com

Contact Details = 207, Hermes Atrium,
Sector 11, Plot No.57
CBD Belapur