Asphalt Manufacturing in the U.S. Report (
http://www.bharatbook.com/Market-Research-Reports/Asphalt-Manufacturing-in-the-US1.html
)
In this one-of-a-kind report, we
examine:
Worldwide annual
consumption of asphalt is at more than 100 million tons. In the United States,
generally 90% of liquid asphalt cement consumed is used for road paving and
approximately 10% is used for roofing products, with other specialty
applications accounting for only a very small fraction of consumption.Though
asphalt occurs naturally, the majority of today’s asphalt is produced as a
residual product of the crude oil refining process. Most refiners focus on
refining more expensive, lighter, “sweeter” crudes to produce the higher-value
products such gasoline and diesel fuel. In all, about two to three percent of
all refined crude oil in the United States becomes asphalt. Most crude oil
asphalt comes from less expensive, heavier, “sour” crude oils rather than the
more expensive lighter, sweet crude oils. For crude oil refiners asphalt
accounts for a much larger portion of the product refined.
Demand for
asphalt is driven to a small degree by the private sector, but most demand comes
from federal, state, and local governments. Funding for highway and road
infrastructure construction and maintenance plays the largest role, but other
public sector projects such as airport runway and taxiway construction can also
affect demand. Since funding for highway and road construction and maintenance
projects are often set for several years, demand tends to remain rather constant
growing more or less at the rate of inflation. However, the recent prospect of
massive infrastructure spending to stimulate growth in the U.S. economy under
the new Obama administration suggest demand will likely increase significantly
in the coming years.Specialists in Business Information estimates the U.S.
market for liquid asphalt cement totaled $11.7 billion in 2008, up 34% from $8.7
billion in 2007. This report explains why, and forecasts what lies ahead for the
asphalt industry from 2009 - 2013.
Scope of the Report
This
report contains data and analysis describing the U.S. market for asphalt. The
report focuses on the primary commodity market, refined liquid asphalt cement,
and the secondary product market, asphalt paving mixtures. In addition, limited
data and analysis are provided for the asphalt shingle and coating materials
manufacturing market (asphalt roofing products). Chapter 3 covers the liquid
asphalt cement market while Chapter 4 covers the asphalt paving mixtures and
asphalt roofing products market. They refers to the asphalt paving and roofing
markets as the asphalt products market. Chapter 5 covers the competitive
landscape of asphalt refiners and blenders with data and analysis on U.S.
asphalt refining capacity and utilization including profiles of major asphalt
refiners, blenders, and paving mixture manufacturers. Chapter 6 looks at
economic and market trends affecting the asphalt industry. Included are an
analysis and forecast through 2009 of gross domestic product (GDP), an in-depth
cost and price analysis of various components of the asphalt market as well as
the competing concrete market, and a look at the shift to warm mix,
eco-challenges and weather/seasonality trends.. Finally, Chapter 7 provides a
snapshot of the two end-user markets, asphalt paving and asphalt roofing.
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