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

The report clearly defines the Coal Tar market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Coal Tar industry.

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.

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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 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.
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)
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)
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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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