Is the current asphalt market good?

The upstream of the asphalt industry chain is raw materials, and the downstream is road construction.

The upstream of asphalt industry is petrochemical industry, coal, modifier and emulsifier, and the downstream is expressway, waterproof building materials, airport construction and municipal engineering road construction.

The upstream of China asphalt industry chain mainly includes petrochemical enterprises such as Huajin, Shenhua and Hua Mao Petrochemical, as well as coal enterprises such as Shanxi Coking Coal, Shaanxi Coal Industry and Mei Yun Energy. The middle reaches of the asphalt industry chain are mainly asphalt production enterprises such as China Petroleum, China Petrochemical, Bao Li International and Guochuang Hi-Tech. The downstream of the asphalt industry chain is mainly enterprises and institutions related to the construction industry and road traffic industry.

Enterprises in the asphalt industry are mainly distributed in the central region.

Judging from the regional distribution of China's asphalt industry chain, asphalt-related enterprises are mainly distributed in the central and eastern regions of China. Among them, Shanxi, Henan and Jiangsu have relatively complete asphalt industrial chains, covering raw material supply, asphalt manufacturing and expressway construction.

Bao Li International and Guochuang Gaoxin are professional asphalt leading enterprises in China.

The main industry participants of domestic professional asphalt are composed of international large petrochemical companies, domestic large petrochemical system companies and domestic professional asphalt manufacturers. Large international petrochemical companies, such as Koch Group of America, BP Company of Britain, Shell Oil Company of the Netherlands and SK Group of Korea, have strong capital advantages, brand advantages and technical advantages. In the process of promoting the China market, they are more inclined to make joint ventures or look for agents in China. Large domestic petrochemical companies, including those under the system of PetroChina, Sinopec and CNOOC, use the industrial chain of petrochemical products of the Group to expand downward, but professional asphalt products are not their main products, which cannot fully involve all sub-sectors. On the other hand, the related additives of professional asphalt, products from Europe and America still have certain advantages.

There are also professional asphalt production companies in China, such as Bao Li Asphalt and Guochuang Hi-Tech. These companies are deeply involved in road and bridge asphalt, such as expressway, ordinary roads, viaducts and bridge decks. Medium-sized enterprises such as Shanghai Qunkang Asphalt Technology Co., Ltd. and Chongqing Chongjiao Renewable Resources Development Co., Ltd. mainly sell colored asphalt, colored pavement maintenance materials, asphalt additives and special asphalt. Small companies are deeply involved in the subdivision, such as Jurong Ningwu Technology Development Co., Ltd., which focuses on epoxy asphalt, and Jiangsu Sierma Road Environmental Protection Materials Co., Ltd., which focuses on the research and development and production of fog seal materials.

202 1, the asphalt market scale exceeded 200 billion yuan.

In recent years, through a series of measures, such as expanding the scale of railway network, speeding up the construction of trunk line kilometer network and feeder airport, China has continuously strengthened the construction of transportation network in the western region, continued to implement the "unblocked project" and "accessible project" in rural areas in the western region, and focused on solving the problems of roads and asphalt (cement) roads in towns and administrative villages. In addition, with the promotion of the national "Belt and Road" policy, road construction and infrastructure construction will further expand the demand for asphalt. Prospect According to the data of asphalt apparent consumption and annual average price in China, the asphalt market in China in 20021year was 205.3 billion yuan.

—— The above data refer to the Analysis Report on Market Demand Forecast and Investment Strategic Planning of China Asphalt Industry by Forward-looking Industry Research Institute.