#Rain Carbon Coal-Tar Pitch Market Sales
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Coal Tar Market Recent Study Including Key Players, Applications, Growth and Forecast 2027
The global coal tar market size is expected to reach USD 18.64 Billion in 2028 at a steady CAGR, according to latest analysis by Emergen Research. Growth of the coal tar market is driven significantly by need for coal tar pitch in aluminum smelting processes.
Another key factor driving growth of this market is rapidly increasing consumption of coal tar pitch in aluminum smelting due to rising demand for aluminum for a range of industrial manufacturing and construction applications. Coal tar pitch is used in asphalt for blacktop of roads, as a base for paints and coatings, and also as binder in asphalt products, in addition to being widely used in steel and aluminum production.
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The research report offers insightful data about both organic and inorganic approaches undertaken by the players in the global Coal Tar market. The major companies are working towards fortifying their presence in the market through a series of strategic alliances, product innovations, product launches, and other fruitful business plans. The global Coal Tar market report provides extensive coverage of the business deals, collaborations, mergers and acquisitions, joint ventures, partnerships, and government deals. The prominent players of the global Coal Tar market are expected to contribute significantly to the revenue generation owing to increasing demand for the Coal Tar products in the industry.
Prominent Players Profiled in the Coal Tar Market:
Himadri Speciality Chemical Ltd., Voestalpine AG, Rain Carbon Inc., Industrial Química del Nalón S.A, DEZA, a. s., Bilbaína de Alquitranes, S.A., Koppers Inc., Nagreeka Hydrocarbons (P) Ltd., Neptune Hydrocarbons Mfg. Pvt. Ltd., and Tar Alliance AM.
For the purpose of this report, Emergen Research has segmented the global coal tar market based on type, application, end-use, marketing channel, and region as follows:
Type Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2021–-2028)
Low Temperature Coal Tar
Medium Temperature Coal Tar
High Temperature Coal Tar
Application Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2021-2028)
Coal Tar Pitch
Carbon Black Oil
Specialty Oils
End-use Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2021–-2028)
Aluminum Industry
Roofing
Tire Industry
Paint Industry
Wood Preservation
Others
Marketing Channel Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2021–-2028)
Online
Offline
Regional Analysis:
The report provides an investigation of the global market in various geographical regions. The regional analysis states the global market is bifurcated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The report also covers import export consumption, supply and demand ratio, cost, pricing analysis, gross margin, and revenue estimation of each player in each region. The report covers a detailed examination of the market scenarios and trends on a regional and global level.
Key geographical regions analyzed in the report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key points covered in the report:
The latest report based on the global Coal Tar market includes an elaborate list of the company profiles of the leading market players.
The report throws light on certain significant aspects, such as manufacturing/production capacity, sales, future expansion strategies, and technological capabilities of these market players.
The report emphasizes the primary application areas of the global market and therefore provides a precise account of the market to enable the interested readers to gain crucial insights into the global market mechanism.
The report involves a SWOT analysis of the global Coal Tar market. In the concluding part of the report, the opinions of several industry experts and professionals have been included.
The report elucidates vital information about investors, stakeholders, policymakers, manufacturers, suppliers, service providers, and the leading contenders in this market.
Key Highlights of TOC:
Chapter 1: Methodology & Scope
Definition &forecast parameters
Methodology & forecast parameters
Data Sources Chapter 2: Detailed Summary
Regional trends
Business trends
Product trends
End-use trends Chapter 3: Industry Insights
Industry segmentation
Vendor matrix
Technological & innovation landscape Chapter 4: Regional Outlook
Chapter 5: Company Profile
Financial Data
Business Overview
SWOT Analysis
Strategic Outlook
Product Landscape
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Coal Tar Pitch Market Research Report Analysis and Forecasts to 2028
Coal Tar Pitch Market: Report Description
This FMI study offers a ten-year analysis and forecast for the global Coal Tar Pitch market between 2018 and 2028. The Coal Tar Pitch study considers 2017 as the base year with market values estimated for 2018 and forecast developed for the duration of 2019 to 2028. Compound Average Growth Rate (CAGR) has been represented from 2018 to 2028. The coal tar pitch study covers various perspectives of the market, including market dynamics, value chain and pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global Coal Tar Pitch market is projected to grow at a CAGR of 5.4% between 2018 and 2028, in terms of value. Growing demand for aluminium across various end-use industries, including automotive, aerospace, construction, amongst others, has led to increase in the production of primary aluminium, which in turn, requires coal tar pitch for the smelting process.
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The FMI report on Coal Tar Pitch carefully analyses the market at a global and regional level through market segmentation on the basis of key parameters, such as form, grade and application. The report also highlights an overview of the Coal Tar Pitch market by region wherein the consumption of coal tar pitch has been tracked for various prominent countries across each region. The data obtained has been scrutinized across each of the countries. The primary objective of the report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders of the Coal Tar Pitch market.
Coal Tar Pitch is a black, viscous residue that remains after the distillation of coal tar. The process involves heating coal tar and removing various constituents/distillates from it. Some of the major distillates removed are light oils (e.g., benzene, toluene, xylene and naphthalene), middle oils (e.g., carbolic acid), heavy oils (e.g., creosote), and anthracene oil.
The remaining residue is called coal tar pitch, which is primarily used in the production of electrodes for aluminium smelting and also for the production of graphite electrodes. The coal tar pitch obtained finds numerous applications in roofing, road construction, chemical intermediate, carbon black, lithium ion batteries, aerospace and other applications.
This Coal Tar Pitch report is structured to facilitate the reader to develop a thorough understanding of the market. The report begins with market definitions, followed by the market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section covers a qualitative and quantitative assessment of the Coal Tar Pitch market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews and trends in the Coal Tar Pitch market.
Coal Tar Pitch Market: Segmentation
Form
Solid coal tar pitch
Liquid coal tar pitch
Grade
Aluminium grade coal tar pitch
Graphite grade coal tar pitch
Special grade coal tar pitch
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The Coal Tar Pitch report begins with a market introduction, defining the market taxonomy and product definitions regarding the global Coal Tar Pitch market assessment. In the next section, the coal tar potch report describes the market development background, covering macro-economic factors, industry factors, product life stage and associated stages, forecast factors, regional weighted average pricing analysis, value chain overview covering approximate margins, an indicative list of stakeholders involved in each stage and an assessment of the supply demand and import export analysis for the Coal Tar Pitch for the base year considered for the study.
The next section of the coal tar pitch report discusses market dynamics, such as drivers (supply and demand side), restraints and trends, impacting the market growth at a global level. Market opportunities or potential for manufacturers have been presented in the subsequent section of the same chapter in the coal tar pitch market report. This section also includes the impact assessment of market dynamics on the global Coal Tar Pitch market at a qualitative level, based on analysis facts and insights.
Subsequent sections of the report provide value (US$ Mn) and volume (consumption in tons) projections for the Coal Tar Pitch market. The global market values represented in these sections have been agglomerated by collecting data and information at a regional level. The coal tar pitch market information, along with key facts and insights, covers unique analysis frameworks, such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share and attractiveness analysis for each of the sub-types covered in each segment.
The next section of the report presents a summarised view of the global Coal Tar Pitch market based on seven prominent regions considered in the study. The section includes the regional market position, growth potential, trends and market attractiveness analysis for each of these regions.
The market analysis sections of the coal tar pitch report cover regional trends, weighted average pricing analysis and market projections for each segment, including Y-o-Y growth trends, market share analysis, market attractiveness and incremental $ opportunity assessment. These sections analyse the degree to which the global drivers are influencing coal tar pitch market in each region.
All the above sections evaluate the present market scenario and growth prospects in the global Coal Tar Pitch market while the forecast presented in the sections assesses the market size in terms of volume and value.
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In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the global Coal Tar Pitch market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis, based on primary research, secondary research and our own analysis. However, forecasting the market in terms of various coal tar pitch segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the completion of the forecast exercise.
In addition, it is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the Coal Tar Pitch market and identify the right opportunities available.
As previously highlighted, the Coal Tar Pitch market has been split into a number of sub-segments. All the coal tar pitch sub-segments, in terms of form, grade and application, have been analysed on the basis of Basis Point Share (BPS) to understand each individual segment’s relative contribution to market growth. This detailed level of information is important for the identification of various key trends being witnessed in the Coal Tar Pitch market.
Another key feature of this report is the analysis of all the key segments in the Coal Tar Pitch market, sub-segments and the regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales and delivery perspective in the Coal Tar Pitch market.
In order to understand the key market segments in terms of the growth and consumption of Coal Tar Pitch across concerned regions, FMI has developed an attractiveness index, which will help providers identify real market opportunities in the coal tar pitch market.
In the final section of the Coal Tar Pitch report, a competitive landscape of the Coal Tar Pitch market has been included to provide report audiences with a dashboard view, categorised on the basis of providers present in the value chain, their presence in the Coal Tar Pitch market and key differentiating factors and strategies. The primary category of providers covered in this report includes coal tar pitch manufacturers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the Coal Tar Pitch market. Detailed profiles of the providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the Coal Tar Pitch market. Examples of some of the key competitors covered in this coal tar pitch report include Koppers Inc., Coopers Creek Chemical Corporation, Himadri Specialty Chemicals Ltd., Rain Industries Limited, JFE Holdings, Inc., Nippon Steel & Sumikin Chemical Co., Ltd., Shanxi Coking Company, Neptune Hydrocarbons, Bathco Ltd., China Steel Chemical Corporation, Hengshui Zehao Chemicals Co., Ltd, Shandong Gude Chemical Co., Ltd, Crowley Chemical Company, Inc. and Shanghai Baosteel Chemical Co. Ltd., amongst others.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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Coal-Tar Pitch Market Competitive Analysis 2020 to 2027
Research Kraft has provided an exclusive analysis of global Coal-Tar Pitch Market Size, Status and Forecast to 2027 gives a detailed analysis of the market with key company profiles. The report gives a thorough evaluation of the market structure which fuses evident perceptions about the market for a predicted timeframe from 2020 to 2027. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making.
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The analysis of the market are explained below:
Leading key players in the market are: Elkem , Himadri , The Garland Company , Gautam Zen International , Durapax , Konark Tar Products , Rain Carbon Global Coal-Tar Pitch Market Segment by Applications considering Consumption Growth Rate and Market Share:
Paving
Roofing
Others
worldwide Coal-Tar Pitch Market Segment by Product Types considering Production, Revenue (Value), Price Trends:
Low-temperature Coal-Tar Pitch
Medium-temperature Coal-Tar Pitch
High-temperature Coal-Tar Pitch
Region Analysis
The report analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The exhaustive PEST analysis is done for each region to assess major external factors which may influence Coal-Tar Pitch Market in the coming years.
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Highlights of the report:
Fathom the present and unavoidable predetermination of the Coal-Tar Pitch Market in both made and making markets.
Extra and cut time doing zone level examination by watching the new development, size, driving players and parts inside the general Market.
The report edifies the bit expected to overwhelm the Coal-Tar Pitch industry and market.
To look at and consider the market status and hypothesis among as a rule enormous zones.
To examine the general key regions advance potential and bolstered position, opportunity and challenge, controls and dangers.
Emerging niche segments and regional markets.
Research Kraft also offers customization on reports based on specific client requirement.
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Understanding Impact of COVID-19 on Coal Tar Pitch Market
The global coal tar pitch market is witnessing a steady growth, thanks to the consistent rise in demand for aluminum and steel. The fast-paced infrastructural development in developing nations has shot up the demand for both these metals. Besides, the organic growth in the automotive, aerospace and construction industry is also boosting demand in coal tar pitch market. This is because aluminum is required in all three areas.
Coal tar pitch is required to manufacture carbon electrodes which are used in smelting aluminum. It is also required to produce graphite electrodes used in steel arc furnaces. The global coal tar pitch market has been growing progressively and is expected to remain steady in the future, too.
Global Coal Tar Pitch Market: Drivers and Challenges
A large amount of the coal tar pitch produced across the world is used to manufacture carbon electrodes. Its economic feasibility and sustainability as a binder makes it the best raw material for carbon electrodes that are used to produce aluminum. And the rising demand for aluminum is the biggest driver of the global coal tar pitch market.
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The number of infrastructure projects are increasing every year, especially in developing economies. At the same time, stringent regulations on vehicle emissions have paved way for light-weight automobile components. Aluminum with its light weight property is considered as one of the best materials for automobile components. The same property keeps aluminum in demand in the aerospace industry. The affordability of air travel has risen over the years, resulting in demand for more aircrafts. This is expected to support growth of the global coal tar pitch market in the near term.
Steel is also an important material required in infrastructure projects. Manufacturers across the world have shifted from conventional method to EAF steel manufacturing that requires graphite electrodes. And, graphite electrodes are made out of coal tar pitch. The stable growth of the steel industry is expected to drive the global coal tar pitch market.
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Emission of harmful greenhouse gases during the production of coal tar pitch is emerging as a concern. Research is on to identify alternative methods to manufacture aluminum. At the same time, production of secondary aluminum (recycled aluminum) does not require coal tar pitch.
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Global Coal Tar Pitch Market: Geographical Distribution
Developing economies like India and China have registered more than the average global growth rate. As a result, Asia Pacific region holds a significant share of the global coal tar pitch market. Regions like North America and Europe will witness a steady growth in the coming years. This is due to the recent laws pertaining to import duties on aluminum.
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Global Coal Tar Pitch Market: Competitive Dynamics
The global coal tar pitch market is a consolidated space. Some key players are Koppers Inc., Rain Industries Limited, Shanghai Baosteel Chemical Co. Ltd, Himadri Specialty Chemicals Ltd, and Nippon Steel.
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Coal-Tar Pitch Market (2020-2027) | Rain Carbon, Himadri, Elkem
Latest Global Coal-Tar Pitch Market research report is an in-depth study of the industry including basic structures. This report features market revenue, share, development and market size. Also accentuate Coal-Tar Pitch industry contribution, product picture and provision. It examines a competitive summary of worldwide market forecast between period 2020 to 2025.
The Global Coal-Tar Pitch market report gives information covering market competition, creation, revenue, export, import, supply, utilization, market overview, market examination by applications and market impact factors analysis. These reports are resulting with market intelligence, economy and value. The report offers operational advisory and business intelligence on ‘Coal-Tar Pitch Market’, emphasizing on emerging business models, problematic advancements alongside point of reference investigation and achievement contextual analyses. It additionally covers the demand-supply gap, difficulties and specialty sections in the ecosystem
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Leading Players are:
Rain Carbon, Himadri, Elkem, Konark Tar Products, The Garland Company, Gautam Zen International, Durapax
The Coal-Tar Pitch report uttered an entire view of this market by substituting it when it comes to application as well as region. Trends examines regional segmentation integrates prospective and present requirement for them from the North America, Europe, Asia Pacific, South America, Middle East & Africa. The report covers the major applications of industry in the leading region.
Major Types are:
High-temperature Coal-Tar Pitch
Low-temperature Coal-Tar Pitch
Medium-temperature Coal-Tar Pitch
Major Applications are:
Roofing
Paving
Others
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This Report will address some of the most important questions which are listed below:
Which is the main local/country for the development of the market? What is the anticipated growth rate of the leading regions during the forecast period?
What is the market size of the Coal-Tar Pitch market at the worldwide level?
Which mode of distribution channel is most preferred by the manufacturers of Coal-Tar Pitch?
What the key factors driving, inhibiting the growth of the market and what is the degree of impact of the drivers and restraints?
What is the impact of the regulations on the growth of the Coal-Tar Pitch market?
How are the emerging markets for Coal-Tar Pitch expected to act in the coming years?
Who are the major players working in the global Coal-Tar Pitch market? What is the present market position of the key players? Who are the rising players in this industry?
The Coal-Tar Pitch report stipulates economic scenarios with all the thing value, the principal area, benefits, distributions, limitations, creation, petition, market enhancement, and figure and so forth. The Coal-Tar Pitch report introduces speculation attainability evaluation, a task SWOT investigation, and venture yield evaluation.
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Customization of this Report: This Coal-Tar Pitch report could be customized to the customer's requirements. Please contact our sales professional ([email protected]), we will ensure you obtain the report which works for your needs.
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Global Coal Tar Market Overview and Forecast to 2024
Global Coal Tar market 2019 report focuses on the detailed analysis of this market. This report categorizes Coal Tar industry predicated on manufacturers, regions, types, and application it centers around the global sector.
The market and also the present market sections will help your readers in planning Coal Tar market industry plans. The comprehensive research assessment of international Coal Tar market offers coordinated analysis of industry brand new upgrades, censorious Coal Tar trends, pilots, obstacles, along with standardization and technical realm names.
Coal Tar industry report has been an up to date analysis of the present market including the most effective most organizations, industrial chain, consumption sourcing strategy, research methodology. The Coal Tar report aids the market analysts and experts to isolate the present market trends and impending chances and also offers current and prospective trends are summarized to find out the Coal Tar decisions also to pick out lucrative tendencies to acquire a stronger standing from the industry.
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Coal Tar market Segmentations:
Key players of Global Coal Tar Market Report are:
OCI, Ansteel, POSCO, Sunlight Coking, Jiangxi Black Cat, JFE Chemical, Baoshun, Koppers, Rain Industries Limited, Shanxi Coal and Chemical, Huanghua Xinnuo Lixing, Baowu Steel Group, BilbaínadeAlquitranes SA, Industrial Química del Nalón S.A., Nippon Steel & Sumitomo Metal, Mitsubishi Chemical, DEZA a. s., Himadri Chemicals & Industries
Segmentation by type:
High Temperature Coal Tar
Medium Temperature Coal Tar
Low Temperature Coal Tar
Segmentation by End Users/Applications:
Carbon Black
Pitch
Wash Oil
Others
Leading Regions and Countries included in the Report: North America, Europe, China, Japan, The Middle East & Africa, India, South America, Others
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Key Questions Participate in Coal Tar Market Report:
1. What's going to be the Coal Tar growth speed by 2025?
2. What exactly would be the Coal Tar important elements driving?
3. What are earnings, Coal Tar revenue, and price analysis of high manufacturers?
4. Who are the vendors, traders, and distributors of Coal Tar Market?
5. Who are the Coal Tar important players?
6. What exactly will be the Coal Tar industry chances and dangers faced with most vendors?
7. What are earnings, Coal Tar revenue, and price analysis by types, areas, and application?
8. What are the market opportunities, Coal Tar promote risk and market review?
Hence the global Coal Tar market report offers a comprehensive analysis covering every one of the significant regions, competitions, and vital facets of the essential industry.
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Coal Tar Pitch Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026
The global coal tar pitch market is witnessing a steady growth, thanks to the consistent rise in demand for aluminum and steel. The fast-paced infrastructural development in developing nations has shot up the demand for both these metals. Besides, the organic growth in the automotive, aerospace and construction industry is also boosting demand in coal tar pitch market. This is because aluminum is required in all three areas.
Read Report Overview @:https://www.transparencymarketresearch.com/coal-tar-pitch-market.html
Coal tar pitch is required to manufacture carbon electrodes which are used in smelting aluminum. It is also required to produce graphite electrodes used in steel arc furnaces. The global coal tar pitch market has been growing progressively and is expected to remain steady in the future, too.
Global Coal Tar Pitch Market: Drivers and Challenges
A large amount of the coal tar pitch produced across the world is used to manufacture carbon electrodes. Its economic feasibility and sustainability as a binder makes it the best raw material for carbon electrodes that are used to produce aluminum. And the rising demand for aluminum is the biggest driver of the global coal tar pitch market.
The number of infrastructure projects are increasing every year, especially in developing economies. At the same time, stringent regulations on vehicle emissions have paved way for light-weight automobile components. Aluminum with its light weight property is considered as one of the best materials for automobile components. The same property keeps aluminum in demand in the aerospace industry. The affordability of air travel has risen over the years, resulting in demand for more aircrafts. This is expected to support growth of the global coal tar pitch market in the near term.
Steel is also an important material required in infrastructure projects. Manufacturers across the world have shifted from conventional method to EAF steel manufacturing that requires graphite electrodes. And, graphite electrodes are made out of coal tar pitch. The stable growth of the steel industry is expected to drive the global coal tar pitch market.
Emission of harmful greenhouse gases during the production of coal tar pitch is emerging as a concern. Research is on to identify alternative methods to manufacture aluminum. At the same time, production of secondary aluminum (recycled aluminum) does not require coal tar pitch.
Global Coal Tar Pitch Market: Geographical Distribution
Developing economies like India and China have registered more than the average global growth rate. As a result, Asia Pacific region holds a significant share of the global coal tar pitch market. Regions like North America and Europe will witness a steady growth in the coming years. This is due to the recent laws pertaining to import duties on aluminum.
Global Coal Tar Pitch Market: Competitive Dynamics
The global coal tar pitch market is a consolidated space. Some key players are Koppers Inc., Rain Industries Limited, Shanghai Baosteel Chemical Co. Ltd, Himadri Specialty Chemicals Ltd, and Nippon Steel.
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Global Coal Tar Pitch Market: Future Prospects
The upcoming Transparency Market Research Report on the global coal tar pitch market will give you the following details
Detailed overview of the market and the current trends
Key market drivers and notable challenges
Breakdown of the geographical distribution and region-wise market share
Important market players and pertinent market strategies
Future trends in the market
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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Coal Tar Market Size, Share, Industry Trends, Growth, Development Strategies, Future Plans Analysis by 2027
The global coal tar market size is expected to reach USD 18.64 Billion in 2028 at a steady CAGR, according to latest analysis by Emergen Research. Growth of the coal tar market is driven significantly by need for coal tar pitch in aluminum smelting processes. The need for energy security has been resulting in rising focus on development of alternative energy resources such as shale oil, bio-oil, and coal-derived fuels. Coal liquefaction entails a process of converting coal into liquid hydrocarbons, including liquid fuels and petrochemicals. Coal tar is a by-product resulting from the production of coke and coal gas from coal. Rising need for energy security and increasing use of coal-derived fuel is expected to continue to drive growth of the global coal tar market going ahead.
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COVID-19 IMPACT
The research report draws attention to the profound impact of the COVID-19 pandemic on the global Coal Tar market and its crucial segments. The report evaluates the key factors influencing the market growth and considers the COVID-19 pandemic as one of the contributing elements for the economic slowdown of the market. The pandemic has altered various aspects of the global Coal Tar market scenario. However, this report offers an extensive COVID-19 impact analysis of the market to help readers gain knowledge of the significant effects of the outbreak on the present and future scenario of this business space. Hence, this is the newest report offering full coverage of the current economic situation that caused a global health crisis.
Some Key Findings in the Report:
· In March 2018, Gearbulk and Puma Energy created a joint venture in order to operate five coal tar pitch and bitumen tankers as well as perform liquid coal tar pitch, asphalt and bitumen, creosote, and coal tar transportation contracts.
· In March 2020, Epsilon Carbon announced investment of USD 121.6 Million for setting up an integrated carbon black facility, with capacity of 300,000 tons per annum, in Bellary district of Karnataka, India.
· Key players operating in the market are Himadri Speciality Chemical Ltd., Voestalpine AG, Rain Carbon Inc., Industrial Química del Nalón S.A, DEZA, a. s., Bilbaína de Alquitranes, S.A., Koppers Inc., Nagreeka Hydrocarbons (P) Ltd., Neptune Hydrocarbons Mfg. Pvt. Ltd., and Tar Alliance AM.
Coal Tar Market Segmentation:
For the purpose of this report, Emergen Research has segmented the global coal tar market based on type, application, end-use, marketing channel, and region as follows:
· Type Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2021–-2028)
o Low Temperature Coal Tar
o Medium Temperature Coal Tar
o High Temperature Coal Tar
· Application Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2021-2028)
o Coal Tar Pitch
o Carbon Black Oil
o Specialty Oils
· End-use Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2021–-2028)
o Aluminum Industry
o Roofing
o Tire Industry
o Paint Industry
o Wood Preservation
o Others
· Marketing Channel Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2021–-2028)
o Online
o Offline
Regional Analysis:
The global Coal Tar market consists of various significant regional segments. Under this section of the report, the product demand, output, and estimated revenue share of each region have been ascertained. The most prominent regions dictating the global market include:
· North America (U.S., Canada, Mexico)
· South America (Brazil, Argentina, Ecuador, Chile)
· Europe (U.K., Germany, France, Italy)
· Asia Pacific (China, Japan, India, Korea)
· Middle East &Africa (Egypt, Turkey, Saudi Arabia, Iran)
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Key Reasons to Buy This Report:
· The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
· It entails a detailed inspection of the Coal Tar market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
· The report provides the reader with a deep understanding of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and powerful business tactics.
· Furthermore, the report identifies the key regions and segments that influence the Coal Tar market.
Table of Content Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2020-2028 Chapter 3. Key Insights Chapter 4. Coal Tar Market Segmentation & Impact Analysis 4.1. Coal Tar Market Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. High demand for aluminum in automotive industry 4.2.2.2. Medicinal properties of Coal Tar 4.2.3. Market restraints analysis 4.2.3.1. Environmental pollutions 4.2.3.2. Fluctuation in the coal prices 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
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Global Coal Tar Market 2019 | Manufacturers In-Depth Analysis Report to 2024
The latest trending report Global Coal Tar Market 2019-2024 added by DecisionDatabases.com
Coal tar is derived from coal. It is a byproduct of the production of coke, a solid fuel that contains mostly carbon, and coal gas. Coal tar is used primarily for the production of refined chemicals and coal-tar products, such as creosote and coal-tar pitch.
The worldwide market for Coal Tar (CAS 8007-45-2) is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019.
This report focuses on the Coal Tar (CAS 8007-45-2) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Market Segment by Manufacturers, this report covers
· Baowu Steel Group
· Rain Industries Limited
· JFE Chemical
· OCI
· Koppers
· Baoshun
· Huanghua Xinnuo Lixing
· Shanxi Coal and Chemical
· POSCO
· Sunlight Coking
· Himadri Chemicals & Industries
· Nippon Steel & Sumitomo Metal
· Mitsubishi Chemical
· Jiangxi Black Cat
· Ansteel
Market Segment by Regions, regional analysis covers
· North America (United States, Canada and Mexico)
· Europe (Germany, France, UK, Russia and Italy)
· Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
· South America (Brazil, Argentina, Colombia etc.)
· Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
· High Temperature Coal Tar
· Medium Temperature Coal Tar
· Low Temperature Coal Tar
Market Segment by Applications, can be divided into
· Carbon Black
· Pitch
· Wash Oil
· Other
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The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Coal Tar (CAS 8007-45-2) product scope, market overview, market opportunities, market driving force and market risks. Chapter 2, to profile the top manufacturers of Coal Tar (CAS 8007-45-2), with price, sales, revenue and global market share of Coal Tar (CAS 8007-45-2) in 2017 and 2018. Chapter 3, the Coal Tar (CAS 8007-45-2) competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Coal Tar (CAS 8007-45-2) breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019. Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019. Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019. Chapter 12, Coal Tar (CAS 8007-45-2) market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024. Chapter 13, 14 and 15, to describe Coal Tar (CAS 8007-45-2) sales channel, distributors, customers, research findings and conclusion, appendix and data source.
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Other Reports by DecisionDatabases.com:
Global Coal Tar Pitch Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 @ https://www.decisiondatabases.com/ip/25332-coal-tar-pitch-market-analysis-report
Global Coal Tar Enamel (CTE) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 @ https://www.decisiondatabases.com/ip/40287-coal-tar-enamel-cte-industry-analysis-report
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Coal Tar Pitch Market Highlights of Business Opportunities 2018–2026
The global coal tar pitch market is witnessing a steady growth, thanks to the consistent rise in demand for aluminum and steel. The fast-paced infrastructural development in developing nations has shot up the demand for both these metals. Besides, the organic growth in the automotive, aerospace and construction industry is also boosting demand in coal tar pitch market. This is because aluminum is required in all three areas.
Coal tar pitch is required to manufacture carbon electrodes which are used in smelting aluminum. It is also required to produce graphite electrodes used in steel arc furnaces. The global coal tar pitch market has been growing progressively and is expected to remain steady in the future, too.
Global Coal Tar Pitch Market: Drivers and Challenges
A large amount of the coal tar pitch produced across the world is used to manufacture carbon electrodes. Its economic feasibility and sustainability as a binder makes it the best raw material for carbon electrodes that are used to produce aluminum. And the rising demand for aluminum is the biggest driver of the global coal tar pitch market.
The number of infrastructure projects are increasing every year, especially in developing economies. At the same time, stringent regulations on vehicle emissions have paved way for light-weight automobile components. Aluminum with its light weight property is considered as one of the best materials for automobile components. The same property keeps aluminum in demand in the aerospace industry. The affordability of air travel has risen over the years, resulting in demand for more aircrafts. This is expected to support growth of the global coal tar pitch market in the near term.
Steel is also an important material required in infrastructure projects. Manufacturers across the world have shifted from conventional method to EAF steel manufacturing that requires graphite electrodes. And, graphite electrodes are made out of coal tar pitch. The stable growth of the steel industry is expected to drive the global coal tar pitch market.
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Emission of harmful greenhouse gases during the production of coal tar pitch is emerging as a concern. Research is on to identify alternative methods to manufacture aluminum. At the same time, production of secondary aluminum (recycled aluminum) does not require coal tar pitch.
Global Coal Tar Pitch Market: Geographical Distribution
Developing economies like India and China have registered more than the average global growth rate. As a result, Asia Pacific region holds a significant share of the global coal tar pitch market. Regions like North America and Europe will witness a steady growth in the coming years. This is due to the recent laws pertaining to import duties on aluminum.
Global Coal Tar Pitch Market: Competitive Dynamics
The global coal tar pitch market is a consolidated space. Some key players are Koppers Inc., Rain Industries Limited, Shanghai Baosteel Chemical Co. Ltd, Himadri Specialty Chemicals Ltd, and Nippon Steel.
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Understanding Impact of COVID-19 on Coal Tar Pitch Market
The global coal tar pitch market is witnessing a steady growth, thanks to the consistent rise in demand for aluminum and steel. The fast-paced infrastructural development in developing nations has shot up the demand for both these metals. Besides, the organic growth in the automotive, aerospace and construction industry is also boosting demand in coal tar pitch market. This is because aluminum is required in all three areas.
Coal tar pitch is required to manufacture carbon electrodes which are used in smelting aluminum. It is also required to produce graphite electrodes used in steel arc furnaces. The global coal tar pitch market has been growing progressively and is expected to remain steady in the future, too.
Global Coal Tar Pitch Market: Drivers and Challenges
A large amount of the coal tar pitch produced across the world is used to manufacture carbon electrodes. Its economic feasibility and sustainability as a binder makes it the best raw material for carbon electrodes that are used to produce aluminum. And the rising demand for aluminum is the biggest driver of the global coal tar pitch market.
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The number of infrastructure projects are increasing every year, especially in developing economies. At the same time, stringent regulations on vehicle emissions have paved way for light-weight automobile components. Aluminum with its light weight property is considered as one of the best materials for automobile components. The same property keeps aluminum in demand in the aerospace industry. The affordability of air travel has risen over the years, resulting in demand for more aircrafts. This is expected to support growth of the global coal tar pitch market in the near term.
Steel is also an important material required in infrastructure projects. Manufacturers across the world have shifted from conventional method to EAF steel manufacturing that requires graphite electrodes. And, graphite electrodes are made out of coal tar pitch. The stable growth of the steel industry is expected to drive the global coal tar pitch market.
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Emission of harmful greenhouse gases during the production of coal tar pitch is emerging as a concern. Research is on to identify alternative methods to manufacture aluminum. At the same time, production of secondary aluminum (recycled aluminum) does not require coal tar pitch.
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Global Coal Tar Pitch Market: Geographical Distribution
Developing economies like India and China have registered more than the average global growth rate. As a result, Asia Pacific region holds a significant share of the global coal tar pitch market. Regions like North America and Europe will witness a steady growth in the coming years. This is due to the recent laws pertaining to import duties on aluminum.
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Global Coal Tar Pitch Market: Competitive Dynamics
The global coal tar pitch market is a consolidated space. Some key players are Koppers Inc., Rain Industries Limited, Shanghai Baosteel Chemical Co. Ltd, Himadri Specialty Chemicals Ltd, and Nippon Steel.
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Coal Tar Pitch Market – Sophisticated Adoption & Development Overview 2028
Global Coal Tar Pitch Market: Overview
The demand for coal tar pitch is high in the tier 1 companies as they represent 60% to 70% share in the overall market. Players are majorly focusing on standard grade and special grade coal tar pitch production to maintain their dominance in the market. These factors have led the demand in this market. Moreover, manufacturers in this market are getting in long-term contracts with primary aluminum and graphite electrode to establish themselves strongly in the market.
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Information provided in the report gives out in-depth insight on the global coal tar pitch market. The analysts have exercised both primary and secondary research techniques and have referred various other sources to provide complete knowledge about the market. It is categorized based on the key parameters including segmentation, vendor landscape, and geographic analysis. All information given in the report is based on the factual knowledge.
Global Coal Tar Pitch Market: Trends and Opportunities
The technological advancements in the life of electrodes drives CTP applications in coating, roofing, refractory, and others are likely to provide a fillip in this market. Moreover, when coal tar is processed at a high temperature, a specialized impregnating pitch is obtained that is extensively used in the graphite industry while manufacturing electrode. Therefore, growing demand for these products will boosted the demand for coal tar pitch in the coming years.
Global Coal Tar Pitch Market: Market Potential:
Strategic partnership among the leading players is expected to create lucrative growth potential in this market. Vendors are further offering innovative features in the product in order to gain market traction. This is expected to be a key trend in the global coal tar pitch market in the coming years.
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Global Coal Tar Pitch Market: Geographic Analysis
From regional point of view, the global coal tar pitch market covers Latin America, the Middle East and Africa, Asia Pacific, North America, and Europe. Among these regions, Asia pacific is expected to hold maximum share in this market due to the presence of significant aluminum production base in countries like China, Russia, and India. Moreover, thriving production level of graphite electrode in China has also made this region the leading region in this market. Western Europe is also expected to offer high growth opportunities for the manufacturers working in the coal tar pitch market. As compared to these regions, North America is expected to rise at a passive rate, after the decline in the aluminum production.
Global Coal Tar Pitch Market: Competitive Landscape
Vendors in the coal tar pitch market are focusing on different business development strategies such as innovation, partnerships, collaboration, mergers and acquisitions, and expansion. By using these strategies will help the players to strengthen their position in the regional and globe market. Vendors are also involved in product development by using advanced technology that will help them in getting competitive edge in over their competitors. The report gives brief description about the key market players and the major strategies used by them. Some of the key players operating in the global coal tar pitch market are Gautam Zen International, Elkem, The Garland Company, Himadri, Durapax, Rain Carbon, and Konark Tar Products.
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New Report: Coal-Tar Pitch Market 2025 Anticipated to Grow Higher with Applications, Trends and Outlook
14 January 2019: Global Coal-Tar Pitch Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types, and its applications are increasing across the globe. Coal-tar pitch is the residue of distillation of the coal tar, which is thick black liquid in color. It is mainly used as a base for the roofing, paving, and for the base of coatings and paints and as a binder in asphalt products. Both - coal tar and coal-tar pitch comprise many chemical compounds, counting carcinogens such as benzene.
Loid Pitch is black solid material at room temperature, comprises a complex mixture of typically aromatic hydrocarbons and displays unresolved properties as binder for anodic use in Aluminum melting industry. The Coal tar pitch is hard, brittle, and soft substance that includes mainly aromatic resinous complexes along with aromatic and the other hydrocarbons and their derivatives it is mostly used as road tar waterproofing roofs and the other structures and to make electrodes. Coal-Tar Pitch Market is categorized based on product type, applications, and geography. Coal-Tar Pitch Industry is categorized based on product types such as Low-temperature Coal-Tar Pitch, Medium-temperature Coal-Tar Pitch, High-temperature Coal-Tar Pitch. Coal-Tar Pitch Market is categorized based on applications into Construction, Coating, Electrode, Pitch Coke, Asphaltic Felt.
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Coal-Tar Pitch Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
Some of the key players that fuel the growth of the Coal-Tar Pitch Market include Gautam Zen International, Elkem, Rain Carbon, Sojitz JECT Corporation, Konark Tar Products,Konark Tar Products Pvt. Ltd, Himadri, CAREX Canada, The Garland Company, Kedia Carbon Pvt. Ltd, Bhilai Cement. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Market Segment:
Top Manufacturers-
• Elkem
• Himadri
• The Garland Company
• Other
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Coal Tar Market 2016-2021 By Applications, Vendors, Sales Forecast 2021
The Global Coal Tar Market size on the basis of product type spans birch tar, coal tar, pine tar and pitch among others. The production of tar is generally done with the help of a wide range of natural materials via the process of destructive distillation. The mining of tar can be done from petroleum, coal, peat and wood. It is generally a combination of free carbons as well as hydrocarbons. Products that resemble the tar can be extracted from hydrocarbons.
It is deployed in carbon black and deep processing. The tar sand deposits comprise blending of heavy crude and mixture of sand. The Coal tar is usually manufactured when the process of coal carbonization is carried out that is why it is recognized as a by-product of coke production. In general, it appears as a highly sticky liquid in black or brown color.
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It is basically a variable and composite blend of phenols, heterocyclic compounds as well as polycyclic aromatic hydrocarbon. One of the prominent factors that is contributing significantly in raising the coal tar market share include augmented demand for tar in the industrial, medical sectors and sealing of roads. The only thing that is becoming a major hurdle in the overall growth of the coal tar market is that tar cannot be employed in the extracted and mined state, as it is usually in solid form. In order to make it more apposite for further utilization, it is normally heated and given enough warmth at high temperature.
Other key restraint for the coal tar market growth is the cost of heating furnace that ultimately lays additional load on the consumer side. Nevertheless, rise in the applications of various industries including manufacturing of diesel and gasoline oil through high pressure hydrogenation and power generation for heating boilers is estimated to keep the level of demand balanced for tar till the next couple of years. It is known that coal tar deep-processed products play a very major part as raw materials for pharmaceuticals, agricultural chemicals, dyes, and synthetic fibers.
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They possess strong profitability that propels many leading manufacturers to put in more money in coal tar deep-processing projects. Coal tar Market size on the basis of end-user application spans pavement sealcoats, industries and medical sector. Market size on the basis of geographical region spans China, Japan, Southeast Asia, and India.
As far as the geography is concerned, North America is currently leading the coal tar market and it is considered as a key market for the tar industry, the reason being increase in the domestic production that has eventually augmented the level of demand from the aluminum, graphite and other coal tar pitch end-use sectors. Canada is the one which is mainly contributing in raising the share of the tar market in North America.
On the contrary, Asia Pacific is also coming up as one of the promising regions. China is significantly contributing in boosting the share of the market in Asia Pacific and it is believed to be the key producer of tar possessing a capacity of 11 million tons of tar. Major companies operating in the global coal tar market include BOC Sciences, Rain CII, Himadri, Rutgers Group GmbH, HIMADRI, KOP, CABOT, Elkem, Tokai Carbon, NIPPON STEEL & SUMIKIN CHEMICAL CO., LTD., Koks, Black Cat Coking Co., Coking Co., Ltd., Antai Group Co., Ltd., Jinlong Machinery Co, Ltd, and Jinshenglong Chemical Plant.
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In this report, the global Coal-Tar Pitch market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
The Global And China Coal-Tar Pitch Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Coal-Tar Pitch industry.
Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Coal-Tar Pitch market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status.
Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions (United States, EU, China and Japan), and other regions can be added.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What’s more, the Coal-Tar Pitch industry development trends and marketing channels are analyzed.
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.
In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Global Coal-Tar Pitch market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
Elkem
Himadri
The Garland Company
Gautam Zen International
Durapax
Konark Tar Products
Rain Carbon
..........
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Key Topics Covered:
Chapter One Industry Overview of Coal-Tar Pitch
Chapter Two Manufacturing Cost Structure Analysis of Coal-Tar Pitch
Chapter Three Technical Data and Manufacturing Plants Analysis of Coal-Tar Pitch
Chapter Four Capacity, Production and Revenue Analysis of Coal-Tar Pitch by Regions, Types and Manufacturers
Chapter Five Price, Cost, Gross and Gross Margin Analysis of Coal-Tar Pitch by Regions, Types and Manufacturers
Chapter Six Consumption Volume, Consumption Value and Sale Price Analysis of Coal-Tar Pitch by Regions, Types and Applications
Chapter Seven Supply, Import, Export and Consumption Analysis of Coal-Tar Pitch
Chapter Eight Major Manufacturers Analysis of Coal-Tar Pitch
Chapter Nine Marketing Trader or Distributor Analysis of Coal-Tar Pitch
Chapter Ten Industry Chain Analysis of Coal-Tar Pitch
Chapter Eleven Development Trend of Analysis of Coal-Tar Pitch
Chapter Twelve New Project Investment Feasibility Analysis of Coal-Tar Pitch
Chapter Thirteen Conclusion of the Global Coal-Tar Pitch Industry 2017 Market Research Report
Related Reports:
Japan Coal-Tar Pitch Industry Market Research Report 2017
China Coal-Tar Pitch Industry Market Research Report 2017
Europe Coal-Tar Pitch Industry Market Research Report 2017
United States Coal-Tar Pitch Industry Market Research Report 2017
India Coal-Tar Pitch Industry Market Research Report 2017
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Germany/Korea/Australia/Brazil/Russia/India/Indonesia/Malaysia/Europe/Asia/Asia-Pacific/North America/Latin America/South America/AMER/EMEA/Africa etc Countries/Regions and Sales/Industry Versions Respectively
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Analysis of Potential Impact of COVID-19 on Coal Tar Pitch Market
The global coal tar pitch market is witnessing a steady growth, thanks to the consistent rise in demand for aluminum and steel. The fast-paced infrastructural development in developing nations has shot up the demand for both these metals. Besides, the organic growth in the automotive, aerospace and construction industry is also boosting demand in coal tar pitch market. This is because aluminum is required in all three areas.
Coal tar pitch is required to manufacture carbon electrodes which are used in smelting aluminum. It is also required to produce graphite electrodes used in steel arc furnaces. The global coal tar pitch market has been growing progressively and is expected to remain steady in the future, too.
Global Coal Tar Pitch Market: Drivers and Challenges
A large amount of the coal tar pitch produced across the world is used to manufacture carbon electrodes. Its economic feasibility and sustainability as a binder makes it the best raw material for carbon electrodes that are used to produce aluminum. And the rising demand for aluminum is the biggest driver of the global coal tar pitch market.
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The number of infrastructure projects are increasing every year, especially in developing economies. At the same time, stringent regulations on vehicle emissions have paved way for light-weight automobile components. Aluminum with its light weight property is considered as one of the best materials for automobile components. The same property keeps aluminum in demand in the aerospace industry. The affordability of air travel has risen over the years, resulting in demand for more aircrafts. This is expected to support growth of the global coal tar pitch market in the near term.
Steel is also an important material required in infrastructure projects. Manufacturers across the world have shifted from conventional method to EAF steel manufacturing that requires graphite electrodes. And, graphite electrodes are made out of coal tar pitch. The stable growth of the steel industry is expected to drive the global coal tar pitch market.
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Emission of harmful greenhouse gases during the production of coal tar pitch is emerging as a concern. Research is on to identify alternative methods to manufacture aluminum. At the same time, production of secondary aluminum (recycled aluminum) does not require coal tar pitch.
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Global Coal Tar Pitch Market: Geographical Distribution
Developing economies like India and China have registered more than the average global growth rate. As a result, Asia Pacific region holds a significant share of the global coal tar pitch market. Regions like North America and Europe will witness a steady growth in the coming years. This is due to the recent laws pertaining to import duties on aluminum.
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Global Coal Tar Pitch Market: Competitive Dynamics
The global coal tar pitch market is a consolidated space. Some key players are Koppers Inc., Rain Industries Limited, Shanghai Baosteel Chemical Co. Ltd, Himadri Specialty Chemicals Ltd, and Nippon Steel.
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