Asphalt industry Market Analysis Report 2023

In recent years, with the continuous advancement of transportation infrastructure construction and the rapid development of real estate development, the asphalt industry has also been developed to a certain extent. This paper will analyze the market situation and future trend of asphalt industry.

Market overview

Asphalt is a dark brown natural substance that is mainly used in fields such as road paving and roof waterproofing. At present, asphalt is mainly divided into petroleum asphalt and coal asphalt. Petroleum bitumen is a mineral extracted from petroleum fractionation, its composition is more complex, it is widely used, and its price is relatively high. Coal pitch is produced by the high temperature distillation of coal, the composition is relatively simple, mainly used in the field of waterproof.

According to statistics, in recent years, China's asphalt sales show an increasing trend year by year. In 2017, the total sales of China's youth industry reached 150 billion yuan, an increase of 5.8%. Among them, petroleum asphalt sales accounted for a relatively large, about 80%.

Market trend

The construction of national transportation infrastructure has been continuously strengthened 

With the continuous strengthening of transportation infrastructure construction, the demand for asphalt is also increasing. Especially in recent years, the scale of highway construction in our country is getting larger and larger, and the demand for asphalt in highway construction is showing an explosive growth. According to statistics, the use of asphalt in our country's highway accounts for more than 60% of the total demand for asphalt.

Environmental protection requirements promote the transformation and upgrading of the asphalt industry

With the continuous improvement of environmental protection requirements, China's asphalt industry will also develop in the direction of environmental protection, high efficiency and low consumption.

For example, the use of new technologies to develop environmentally friendly petroleum asphalt, reduce environmental pollution, the development of biodegradable asphalt, and further improve the application of asphalt in waterproofing, road paving and other fields; Promote high efficiency and low consumption heating construction technology to improve the use efficiency of asphalt.

Coordinated development of asphalt industry chain

Asphalt industry is a comprehensive industry widely used in various fields, involving mining, processing, transportation, construction and other links. Therefore, the coordinated development of the industrial chain of the asphalt industry will be the future development trend. Cooperation and synergy between the various links of the industry chain will help to improve the overall efficiency of the asphalt industry and bring new impetus to the continuous development of the entire industry.

Market competition situation

Because the asphalt industry has a high threshold, the competition within the industry is also fierce. At present, the domestic asphalt enterprises are mainly concentrated in East China, South China and North China, the scale and strength of the larger Sinopec, petrochina, Shuanghui Group and so on. In addition, some private enterprises and small manufacturers also occupy a certain share in the market.

Future development opportunity

The wide application of new materials

With the continuous progress of science and technology, the application of some new materials also appears in turn. For example, nano-asphalt, glass fiber reinforced asphalt and other materials manufactured by nanotechnology have good waterproof, wear-resistant and other properties, and are expected to be widely used in new construction and repair roads in the future.

The support of national policies

In recent years, China's investment in transportation infrastructure, urbanization and other fields continues to increase, for the asphalt industry, this will be a historic opportunity. The government's increasing support for the asphalt industry not only helps the sustainable development of the industry, but also provides a broad market space for asphalt enterprises.

To sum up, the asphalt industry market development prospects are broad, with the continuous progress of science and technology and the support of national policies, the asphalt industry will be more stable development in the future.

(The material of this article is from the Internet)