Coal Tar Market Outlook, Industry Demand and Supply, Key Prospects, Future Growth, Forecast and Top Manufacturers Analysis Report by Emergen Research
Coal Tar Market Size – USD 14.38 Billion in
2020, Market Growth – at a CAGR of 3.2%, Market Trend – High demand for
aluminum from countries in APAC
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 Global Coal Tar
Market report assesses the historical and current data along with a thorough
analysis of the market dynamics. The report also sheds light on the significant
market growth driving and restraining factors that are anticipated to influence
the market growth through the forecast period.
To
access a sample copy of the report, click on the link: https://www.emergenresearch.com/request-sample/548
Key
Market Dynamics: The global Coal Tar market research
report details on the ongoing market trends, development outlines, and several
research methodologies. It illustrates the key factors that directly manipulate
the market, for instance, production strategies, development platforms, and product
portfolio. According to our researchers, even minor changes within the product
profiles could result in huge disruptions to the above-mentioned factors. Each
of these factors has been elaborately discussed in the initial segment of the
study.
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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.
·
Asia Pacific accounted for largest revenue
share in 2020, which can be attributed to factors such as increasing demand for
coal tar from industries such as aluminum, paint, dyes, and photographic
materials in countries in the region.
·
Key
players operating in the market are Himadri Speciality
Chemical Ltd., Voestalpine AG, Rain Carbon Inc., Industrial QuÃmica del Nalón
S.A, DEZA, a. s., BilbaÃna de Alquitranes, S.A., Koppers Inc., Nagreeka
Hydrocarbons (P) Ltd., Neptune Hydrocarbons Mfg. Pvt. Ltd., and Tar Alliance
AM.
The findings of the
report explain various aspects of the market, such as market status,
developmental prospects, key regional segments, renowned market players,
product offerings, end-use industries.
!!!
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Geographical
Terrain of the Global Coal Tar Market:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
The
global Coal Tar market is segmented based on product types offered in the
market, their applications, end-user industries, different types of
technologies, and key regions of the market.
·
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
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Key
Questions You Asked:
·
What is the growth rate of the Coal Tar
market? What is the anticipated market valuation of the Coal Tar industry by
2028?
·
What are the key growth driving and
restraining factors of the Coal Tar market?
·
Who are the prominent players operating in
the market? What are the key strategies adopted by these companies?
·
What are the key opportunities and growth
prospects of the Coal Tar industry over the forecast period?
·
Which region is expected to show
significant growth in the coming years?
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