LITTLE FALLS, N.J., Dec. 19 /PRNewswire/ -- While global demand for
asphalt is growing at less than 3% annually, demand in China has been
growing at over 12% and is currently over 11 million metric tons per year,
according to according to analysts at Kline, an international consulting
and research firm. The recently published FlashPoint report, Opportunities
for Asphalt in Asia: Paving a Path to Growth, provides insight into current
and future trends in the asphalt business throughout the Asia Pacific
"China is emerging as the world's largest consumer of asphalt, and its
state-run production plants are ramping up to keep pace with demand," says
Nancy Mills, FlashPoint project manager. "Continual infrastructure
development is expected to take place over the next 30 years, so the door
is wide open for companies to gain a foothold in the market. While we don't
see a commercial opportunity in China for refining, there are opportunities
in the areas of distribution, production of the bituminous mixture, and
other businesses related to asphalt."
Despite more than doubling its annual production over the last few
years, China remains unable to meet its own demand and still imports more
than 20% of the asphalt it consumes, according to Kline's report.
The report also points to the major national and pan-national road-
building projects across Asia that are opening opportunities all along the
asphalt value chain. "India recently announced the use of asphalt instead
of concrete for some major projects," Mills added.
Kline's FlashPoint series helps clients make critical decisions about
how to respond to market opportunities and issues as they unfold. For more
information about Opportunities for Asphalt in Asia: Paving a Path to
Growth, go to www.klinegroup.com/reports/f0709.asp.
Kline is a worldwide consulting and research firm dedicated to
providing the kind of insight and knowledge that helps companies find a
clear path to success. The firm has served the management consulting and
market research needs of organizations in the chemicals, materials, energy,
life sciences, and consumer products industries for nearly 50 years. For
more information, visit www.KlineGroup.com.
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