From January to August of 2012, China’s petroleum asphalt output hit 18,092 kilotons, up 8.4% year on year and 11.7 percentage points higher than that in 2011, mainly because the consumption of asphalt had bearing on the cycle of infrastructure construction projects. Asphalt consumption and highway construction are closely related; the paving of modified asphalt is the last step in the high-grade highway construction and it is usually conducted only before a highway is put into use. Therefore, asphalt consumption has nearly the same as or shorter cycle than highway traffic.
According to the planning of all provinces, it is expected that China’s expressway mileage will reach 140,000 km by 2015, including 35,000 km national expressway and 30,000 km regional expressway to be built in 5 years. Each kilometer of new expressways consumes 250 tons of asphalt, and the maintenance of expressways requires 140 tons of asphalt per kilometer, then the demand for modified asphalt in China will reach 26.64 million tons during the National Five-Year Plan period (2011-2015).
China Asphalt Industry Report, 2012-2015 includes eight chapters covering development environment, market size and forecast, import and export, regional market size and operation of the asphalt industry in China; market size, capacity, competition pattern, operating characteristics and demand prediction of Chinese modified asphalt industry; business development and operational features of 9 major asphalt companies; as well as development trend of China asphalt industry during 2012-2015.
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