Global Asphalt Market 2017

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Information about Global Asphalt Market 2017
Business & Mgmt

Published on February 28, 2014

Author: eunicesherman

Source: slideshare.net

Description

World demand for primary asphalt, which is refined from crude petroleum or mined from naturally occurring sources, is projected to rise 3.6 percent yearly through 2017

World Asphalt to 2017 by Freedonia Group Explore all reports for “Cement, Concrete & Asphalt” Market @ http://www.rnrmarketresearch.com/reports/materialschemicals/cement-concrete-asphalt . © RnRMarketResearch.com ; sales@rnrmarketresearch.com ; +1 888 391 5441

World Asphalt to 2017 The Report “World Asphalt to 2017″ by Freedonia Group is now available at RnRMarketResearch.com. Contact sales@rnrmarketresearch.com with “World Asphalt to 2017″ in subject line and your contact details to purchase this report or get your questions answered. The collection of ‘Cement, Concrete & Asphalt’ market research reports has a new addition of “World Asphalt to 2017” on RnRMarketResearch.com. World demand to rise 3.6% annually through 2017 World demand for primary asphalt, which is refined from crude petroleum or mined from naturally occurring sources, is projected to rise 3.6 percent yearly through 2017 from a weak 2012 base to 121 million metric tons (734 million barrels). Many developing countries, particularly those in the Asia/Pacific region, will post strong growth in asphalt demand as they work to improve transportation infrastructure. Mature asphalt markets, which saw declining demand between 2007 and 2012, will recover steadily, though in most cases 2017 asphalt demand will still be below 2007 levels. Gains will be fueled by especially strong growth in asphalt consumption in China and recovering demand in most developed countries. Complete report is available @ http://www.rnrmarketresearch.com/world-asphalt-to-2017-marketreport.html . © RnRMarketResearch.com ; sales@rnrmarketresearch.com ; +1 888 391 5441

World Asphalt to 2017 Asia/Pacific region to be fastest growing market The Asia/Pacific region, which overtook North America in 2009 as the world’s largest regional consumer of asphalt, is forecast to see the most rapid advances through 2017. China is expected to post robust growth through 2017, surpassing the United States as the largest national market for asphalt worldwide, despite deceleration from near double-digit annual growth in the 2007-2012 period. India, a much smaller asphalt market than China, will also post large annual gains through 2017 that will further boost regional demand. The massive transportation infrastructure building programs in those countries will fuel strong regional increases in asphalt demand as the region constructs new paved roads at a pace far exceeding that of any other region. Developed countries are also projected to see good gains through 2017, yet in most cases, they will not make up for the sharp contractions in asphalt consumption following the global economic recession. North America is a major asphalt consumer because of the need for maintenance on the region’s massive network of roads and highways. In addition, the US and Canada are major consumers of asphalt for roofing products; demand for those products will rise with increased building construction expenditures through 2017. Request Sample copy of @ http://www.rnrmarketresearch.com/contacts/requestsample?rname=152922 . © RnRMarketResearch.com ; sales@rnrmarketresearch.com ; +1 888 391 5441

World Asphalt to 2017 Japan and Western Europe experienced similar declines between 2007 and 2012. Recovery in asphalt demand in these countries will be driven by heightened expenditure