Coal Tar Industry Analysis by Key Players, End-User, Size, Growth Rate, Regions and Forecast to 2028

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.

The impact of the COVID-19 pandemic has been observed across all the sectors in all the industries. The economic landscape has been dynamically altered owing to the crisis, and a change in the demands and trends has also been observed. The report studies the impact of COVID-19 on the market and analyses the key changes in the trends and growth patterns. It also provides an estimation of the current and future impact of COVID-19 on the overall growth of the industry.

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Some Key Findings in the Report:

· In February 2020, Epsilon Carbon announced plans to expand its coal tar distillation project and after it received environmental clearance along with other necessary clearance regarding the expansion.

· 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)

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

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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Key Benefits of the Global Coal Tar Market Report:

· Comprehensive analysis of the changing competitive landscape

· Assists in decision making processes for the businesses along with detailed strategic planning methodologies

· The report offers an 8-year forecast estimation and assessment of the Global Coal Tar Market

· Helps in understanding the key product segments and their estimated growth rate

· In-depth analysis of market drivers, restraints, trends, and opportunities

· Comprehensive regional analysis of the Global Coal Tar Market

· Extensive profiling of the key stakeholders of the business sphere

· Detailed analysis of the factors influencing the growth of the Global 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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