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.
The report is updated with the impact of the COVID-19 pandemic on the Coal Tar market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Coal Tar market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Coal Tar market.
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Competitive Outlook: The leading companies operating in the Coal Tar market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Coal Tar Market and Profiled in the Report 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
Objectives of the Report:
Study of the global Coal Tar market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Coal Tar market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Coal Tar market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Coal Tar market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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.
- 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.
Segments Covered in this report are:
- Type Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2018–2028)
- Low Temperature Coal Tar
- Medium Temperature Coal Tar
- High Temperature Coal Tar
- Application Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2018–2028)
- Coal Tar Pitch
- Carbon Black Oil
- Specialty Oils
- End-user Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2018–2028)
- Aluminum Industry
- Roofing
- Tire Industry
- Paint Industry
- Wood Preservation
- Others
Regional Segmentation:
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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