Coal Tar Pitch Market to Suffer Slight Decline in 2020, Efforts to Mitigate Coro

Posted by aliena on December 18th, 2020

Coal Tar Pitch Market: Report Description

This FMI study offers a ten-year analysis and forecast for the global Coal Tar Pitch market between 2018 and 2028. The Coal Tar Pitch study considers 2017 as the base year with market values estimated for 2018 and forecast developed for the duration of 2019 to 2028. Compound Average Growth Rate (CAGR) has been represented from 2018 to 2028. The coal tar pitch study covers various perspectives of the market, including market dynamics, value chain and pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global Coal Tar Pitch market is projected to grow at a CAGR of 5.4% between 2018 and 2028, in terms of value. Growing demand for aluminium across various end-use industries, including automotive, aerospace, construction, amongst others, has led to increase in the production of primary aluminium, which in turn, requires coal tar pitch for the smelting process.

The FMI report on Coal Tar Pitch carefully analyses the market at a global and regional level through market segmentation on the basis of key parameters, such as form, grade and application. The report also highlights an overview of the Coal Tar Pitch market by region wherein the consumption of coal tar pitch has been tracked for various prominent countries across each region. The data obtained has been scrutinized across each of the countries. The primary objective of the report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders of the Coal Tar Pitch market.

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Coal Tar Pitch is a black, viscous residue that remains after the distillation of coal tar. The process involves heating coal tar and removing various constituents/distillates from it. Some of the major distillates removed are light oils (e.g., benzene, toluene, xylene and naphthalene), middle oils (e.g., carbolic acid), heavy oils (e.g., creosote), and anthracene oil.

The remaining residue is called coal tar pitch, which is primarily used in the production of electrodes for aluminium smelting and also for the production of graphite electrodes. The coal tar pitch obtained finds numerous applications in roofing, road construction, chemical intermediate, carbon black, lithium ion batteries, aerospace and other applications.

This Coal Tar Pitch report is structured to facilitate the reader to develop a thorough understanding of the market. The report begins with market definitions, followed by the market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section covers a qualitative and quantitative assessment of the Coal Tar Pitch market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews and trends in the Coal Tar Pitch market.

Coal Tar Pitch Market: Segmentation

Form

• Solid coal tar pitch
• Liquid coal tar pitch

Grade

• Aluminium grade coal tar pitch
• Graphite grade coal tar pitch
• Special grade coal tar pitch

Application

• Aluminium Electrode
• Graphite electrode
• Roofing coating material
• Blast Furnace linings
• Chemical intermediate
• Sealants