The market will accelerate at a CAGR of 5% between 2019-2023
The report, global coal tar pitch market has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on application and geography for the forecast period 2019-2023.
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This report on the coal tar pitch market includes:
Coal tar pitch market analysis and forecast 2019-2023: Features
- Competitive landscape
- Market segmentation
- Market drivers
- Market trends
- Market challenges
- Five forces analysis
- Market landscape
- Market sizing & forecast
Coal Tar Pitch Market 2019-2023: Competitive Landscape
- Vendors covered
- Vendor classification
- Himadri Speciality Chemical
- JFE Holdings
- NIPPON STEEL & SUMITOMO METAL
- Rain Carbon
Coal Tar Pitch Market 2019-2023: Geographic Landscape
- APAC – Market size and forecast 2018-2023
- EMEA – Market size and forecast 2018-2023
- Americas – Market size and forecast 2018-2023
Coal Tar Pitch Market 2019-2023: Application
- Aluminum smelters – Market size and forecast 2018-2023
- Graphite electrodes – Market size and forecast 2018-2023
- Others – Market size and forecast 2018-2023
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Increasing use of aluminum across various industries will drive the coal tar pitch market
Coal tar pitch has many applications. It is used in paving roads, as a binder in asphalt products, and as a base for paint and coatings. Coal tar pitch is also an important material in the production of aluminum, is used as a binding agent in the production of graphite electrodes, used in electric arc furnaces in steel plants, and in carbon anodes used in aluminum smelters. Thus, the increasing use of aluminum across various industries will drive the coal tar pitch market growth during the forecast period.
Increasing use of coal tar pitch in roofing – An emerging trend in the coal tar pitch market
Coal tar pitch is increasingly being used in roofing as it is resistant to harsh chemicals, ultraviolet (UV) rays, and water that may have an adverse impact on the roofing in buildings. No other roofing product can provide the same cold flow/self-healing property as coal tar. Coal tar’s self-healing properties and resistance to harmful elements also contributes to making low maintenance roofs. Such beneficial characteristics of coal tar pitch for roofing are promoting their use over alternatives such as TPO.
Other Key Topics Covered in the Report are:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Increasing use of advanced types of coal tar pitch
- Use of coal tar pitch-based needle coke in lithium-ion batteries
- Use of coal tar pitch in roofing
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