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. It is one of the significant products of graphite electrodes that are used in electric arc furnaces. 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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Competitive Landscape and Coal Tar Market Share Analysis
The report elaborates on various national and international business development prospects and explains the competitive landscape of the global Coal Tar market. The market size estimation and forecasts have been detailed in this report. The authors have studied the historical background of the Coal Tar market, keeping in mind the organic and inorganic growth prospects and threats for the market. Thus, the latest report offers precise estimates of the global market size for the forecast period.
The major companies Covered in the report 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
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Highlights of Global Coal Tar Market Report
- Examines the Coal Tar industry prospects and quickly compares historical, current, and projected market figures.
- This report examines growth constraints, market drivers and challenges, and current and prospective development prospects.
- Key market participants are evaluated based on various factors, including revenue share, price, regional growth, and product portfolio, to demonstrate how market shares have changed in the past and are expected to change in the future.
- Describes the expansion of the global high purity isobutylene market across various industries and geographies. This allows players to concentrate their efforts on regional markets with the potential for rapid growth shortly.
- Discuss the global, regional, and national ramifications of COVID-19.
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The report comprises an exhaustive overview of the Coal Tar market, focusing on its leading players and their lucrative business expansion initiatives. It provides the reader with essential conclusive data and information concerning the Coal Tar market’s growth, assessed on both regional and global levels. Hence, the sample copy of the ‘Global Coal Tar Market’ research report is inclusive of a brief analysis of the Coal Tar industry, the competitive landscape, regional overview, technological innovation, and future market developments, which are based on a practical research methodology.
Segments Covered in this report are:
- Type Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2018–2028)
- Low Temperature Coal Tar
- Medium Temperature Coal Tar
- High Temperature Coal Tar
- Application Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2018–2028)
- Coal Tar Pitch
- Carbon Black Oil
- Specialty Oils
- End-user Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2018–2028)
- Aluminum Industry
- Roofing
- Tire Industry
- Paint Industry
- Wood Preservation
- Others
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The report also provides an extensive analysis of the key market elements, such as drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The exhaustive SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis included in the report are intended to help the reader tactfully formulate business growth strategies. Strategic recommendations for the established market players assist them in fortifying their financial positions in the market.
Geographical Scenario:
The global Coal Tar market has been categorized into several important geographical regions. In this section, authors of the report have studied the presence of the global Coal Tar market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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