Global Coal Tar Pitch Market Overview:
Coal tar pitch refers to the thick black liquid which is derived after the distillation of coal tar. Is has numerous applications such as in paving, roofing, coatings, and paints. It contains a chemical compound such as benzene. Coal tar pitch is used in the carbon and graphite electrode manufacturing. Growth in construction, automotive, and aerospace industry supplementing the growth of coal tar pitch market. Further, growing industrialization in the emerging economies expected to drive the demand for coal tar pitch market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Application in the Carbon Electrode Manufacturing
Market Growth Drivers:
Increasing Demand for Steel and Aluminum and Infrastructural Development in the Emerging Economies
Challenges:
Lack of Awareness in the Low and Middle-Income Group Countries
Restraints:
Stringent Government Regulations Regarding Coal Tar Pitch Production and Emission of Greenhouse Gases during Coal Tar Pitch
Opportunities:
Growing Graphite Electrode Production and Increasing Number of Infrastructural Projects
Competitive Landscape:
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Some of the key players profiled in the report are Koppers Inc. (United States), Rain Industries Limited (India), Shanghai Baosteel Chemical Co. Ltd (China), Himadri Specialty Chemicals Ltd (India), Nippon Steel (Japan) and Shanxi Hongte Chemical (China). Additionally, following companies can also be profiled that are part of our coverage like Jining Carbon Group (China) and Shandong Gude Chemical (China). Analyst at AMA Research see China Manufacturers to retain maximum share of Global Coal Tar Pitch market by 2028. Considering Market by Grade, the sub-segment i.e. Aluminum Grade will boost the Coal Tar Pitch market.
What Can be Explored with the Coal Tar Pitch Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Coal Tar Pitch Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Coal Tar Pitch
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Coal Tar Pitch market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Coal Tar Pitch market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Coal Tar Pitch Producer, Technology Investors, Potential Investors/Traders, Government Bodies, Business Research Firms, Consulting Service Providers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.