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. 

Furthermore, the report is further updated with the latest market scenario pertaining to the aftereffects of the COVID-19 pandemic. The pandemic has affected every segment of life by inducing financial difficulties and disrupting supply chains, thereby dynamically affecting the business sphere. The report assesses the comprehensive impact of the pandemic on the Coal Tar market and the key segments of the industry. It also offers a current and future assessment of the impact of the pandemic on the Coal Tar market.

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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 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)
  • 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

Key Geographical Segments:

• 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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Exhaustive Analysis of the Competitive Landscape of the Global Coal Tar Market:

• The global Coal Tar market report zeroes in on the overall competitive scope of this industry vertical.
• The study provides detailed product information, alongside their specifications and prime applications.
• The study entails various pricing models and profit returns accrued, outlined by the key contenders across the market.
• The report enlists a wide array of strategic initiatives, for example, recent business deals, collaborations, joint ventures, mergers & acquisitions, product launches, and technological upgradation.
• The inference of the report comprises an exhaustive study of the key players of the 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

READ MORE…!

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