Vancouver, BC -- (SBWIRE) -- 04/21/2021 -- 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. It is one of the significant products of graphite electrodes that are used in electric arc furnaces. The need for energy security has been resulting in rising focus on development of alternative energy resources such as shale oil, bio-oil, and coal-derived fuels.

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The report comprises a detailed analysis of the vital elements of the Coal Tar market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Coal Tar market dynamics that helps market analysts estimate the global market growth rate over the projected timeline

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.

Qualitative Analysis:

The research report includes a separate chapter for qualitative analysis. We have followed a descriptive approach while compiling the chapter. The macro and micro economic factors define the share and growth of market. These factors have been carefully understood through secondary and primary sources. All such factors have been explained under headings namely growth driving factors, growth restraining factors, market and technology trends and so on. Depending on the contribution and the growth potential, five countries were chosen for PESTEL analysis and the same has been described in the report.

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
Roofing
Tire Industry
Paint Industry
Wood Preservation
Others

Marketing Channel Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2021–-2028)
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Scope of the Report:

The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Coal Tar market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.

The report classifies the global Coal Tar market into various regions, including:

North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

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Report Highlights:

The report conducts a comparative assessment of the leading market players participating in the global Coal Tar market.
The report marks the notable developments that have recently taken place in the Coal Tar industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Coal Tar market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the 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

Chapter 5. Coal Tar Market By Types Insights & Trends, Revenue (USD Billion) (Million MT)

    5.1. Types Dynamics & Market Share, 2020 & 2028

          5.1.1. Low Temperature Coal Tar

          5.1.2. Medium Temperature Coal Tar

          5.1.3. High Temperature Coal Tar

Chapter 6. Coal Tar Market By Application Insights & Trends Revenue (USD Billion) (Million MT)

    6.1. Application Dynamics & Market Share, 2020 & 2028

          6.1.1. Coal Tar Pitch

          6.1.2. Carbon Black Oil

          6.1.3. Specialty Oils

Continue…!

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