Global Coal Tar Creosote Market Overview:
Coal Tar Creosote is a dark chemical made by distillation of tar of coal. Coal Tar Creosote is greenish-brown in color and is in the form of liquid. This coal tar creosote is being used to preserve coal for eras and was also being used for a few of its medical properties. When left exposed to air and light, it releases high fluorescence. But the Coal Tar Creosote has been widely criticized for its high toxicity, which according to some researches also causes cancer both in humans and animals. Although, even after that Coal Tar Creosote is highly demanded because of its wide array of industrial applicants primarily preservation-based, as well as it has experimented for use in the Medical and Pharmaceutical Industry. Currently, China leads the market of Coal Tar Creosote because of its massive mining and distillation industry. Some of the players profiled in the study are Koppers (United States), RÜTGERS Group (Germany), JFE Chemical Corporation (Japan), Huanghua Xinnuo Lixing (China), China Steel Chemical Corporation (China), Himadri Chemicals & Industries (India), Ganga Rasayanie (India), Konark Tar Products (India), ArcelorMittal (Luxembourg) and Mitsubishi Chemical (Japan).
On the basis of geography, the market of Coal Tar Creosote has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Direct will boost the Coal Tar Creosote market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Oil, the sub-segment i.e. Light Creosote Oil will boost the Coal Tar Creosote market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Investment in Mining
- Growth of Furniture and Wood Industry Because of Extensive Use of Coal Tar Creosote in Preservation of Wood
Influencing Trend
- The Use of Coal Tar Creosote in Medical-Pharmaceutical Field, and in Cosmetics is Widely Explored
Restraints
- Coal Tar Creosote is Considered Highly Toxic and thus May Lead to a Number of Diseases Such as Cancer
- Stringent Environmental Policies around the World Especially Targeting Fossil Fuel Derived Products
Opportunities
- The Asia Pacific and Africa has an Excellent Potential to Grow because of Huge Coal Deposits which are Yet to be Explored
Challenges
- Reducing the Environmental Impact
- Educating about Safe Disposing of Used Tar Creosote because if released in Water, it can destroy the Marine Habitat
Coal Tar Creosote Industry is moderately fragmented with traditional players being from North America, Europe, and Australia but with the innovation in cheap mining and distilling technology, Companies from China and India are steadily flooding the market. Overall the demand for Coal Tar Creosote is going to increase with the increase in industrialization and other end-user industries. But stringent climate and environmental preservation laws will force the industry to innovate to grow.
Target Audience:
Coal Tar Creosote Manufacturer, Supplier, and Distributor, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Coal Tar Creosote market on the basis of product [] , application [Antiseptic, Wood Preservative, Carbon Black and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Coal Tar Creosote market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Coal Tar Creosote industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Stella-Jones (Canada), Jalan Carbons & Chemicals (India) and Carbon Resources (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Coal Tar Creosote market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.