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.
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The research study puts forward an exhaustive assessment of the significant impact of the COVID-19 pandemic on the global economic landscape. The outbreak has devastated the current business scenario, which has led to a further negative impact on manufacturers and buyers involved in this industry. The report discusses the major impact of the outbreak on the present market scenario. Therefore, the report is intended to offer essential details about growth factors, shortcomings, threats, and lucrative opportunities available in the global market to all the vendors and companies participating in the industry.
Prominent Players Profiled in the Coal Tar Market:
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.
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
- Tire Industry
- Paint Industry
- Wood Preservation
- Marketing Channel Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2021–-2028)
Regional landscape of the Global Coal Tar Market:
- The latest report analyzes the growth trajectory of the global Coal Tar market, emphasizing the global dominance of the market across numerous developed and developing regions, including North America, Europe, and Asia Pacific (Japan, China, and India).
- The study elaborates on the crucial information pertaining to the regional market share, and at the same time, zeroes in on the significant details about the growth patterns of each regional market over the forecast timeline.
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Key points covered in the report:
- The latest report based on the global Coal Tar market includes an elaborate list of the company profiles of the leading market players.
- The report throws light on certain significant aspects, such as manufacturing/production capacity, sales, future expansion strategies, and technological capabilities of these market players.
- The report emphasizes the primary application areas of the global market and therefore provides a precise account of the market to enable the interested readers to gain crucial insights into the global market mechanism.
- The report involves a SWOT analysis of the global Coal Tar market. In the concluding part of the report, the opinions of several industry experts and professionals have been included.
- The report elucidates vital information about investors, stakeholders, policymakers, manufacturers, suppliers, service providers, and the leading contenders in this market.
Key Highlights of TOC:
Chapter 1: Methodology & Scope
Definition &forecast parameters
Methodology & forecast parameters
Chapter 2: Detailed Summary
Chapter 3: Industry Insights
Technological & innovation landscape
Chapter 4: Regional Outlook
Chapter 5: Company Profile
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