Coal Tar Pitch Market Size, Share & Industry Analysis By Type (Aluminum Grade, Graphite Grade, Special Grade), By Form (Solid, Liquid), By Application (Graphite Electrode, Carbon Electrode, Roofing & Paving, Paint & Coatings, Others) and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
The policy of reduce, reuse, and recycle is essential to achieve sustainable development goals. Coal tar is among the by-products when coal is processed to make coke or coal gas. Coal tars are complex mixtures of various chemicals. Although, coal tar is hazardous for living beings it has several industrial process applications.
Coal tar is used as it is, after expelling the lightest phenols and aromatics or as a starting material for fractional distillations. All parts of this tar are combustible and can be used as fuel. Coal tar is used above all for making electrodes for the aluminum and steel industries. Coal tar is also used as a binder in clay-pigeons for sport shooting.
Substances like phenols, naphthalene, and cumarone are obtained at a lower cost from coal tar. Coal tar has various uses in industries as chemicals or in medical sciences or in civil engineering. Depending on its requirements coal tar can be treated differently for different purposes
To gain extensive insights into the market, Request for Customization
On the basis of types, the coal tar pitch market can be segmented into aluminum grade coal tar pitch, graphite grade coal tar pitch, etc. On the basis of form, coal tar pitch can be segmented in solid and liquid state. Solid coal tar pitch is extruded in small rods and is often referred as ‘pencil pitch’ and used as the binder. Liquid coal tar is to be stored at an elevated temperature. Aluminum grade coal tar pitch is in high demand due to rapid growth of automotive sectors. Aluminum grade coal tar pitch dominates the market share of the coal tar market.
The major market driver for the global coal tar pitch market is the increasing demand for automobiles worldwide. Aluminum grade coal tar pitch is used for the production of aluminum sheets. Rising demand for lightweight and fuel-efficient automobiles has spurred the demand for aluminum sheets.
The key market restraint for the global coal tar pitch market is the hazard potential of coal tar pitch. Coal tar pitch is carcinogenic and is dangerous for humans if exposed. Research has been going on to replace coal tar pitch with a suitable environment-friendly material.
Key Players Covered
Some of the major companies that are present in the coal tar pitch market are Himadri Speciality Chemicals, Rain Carbon Inc, Industrial Química del Nalón S.A, Koppers Inc., DEZA, Bilbaína de Alquitranes, S.A. (BASA), Nagreeka Hydrocarbons (P) Ltd, Neptune Hydrocarbons Mfg. Pvt. Ltd., Ruters Group, DEZA, Tar Allaince AM, Daw Bytom, and Handan Qifeng Carbon Co. Ltd.
Segmentation
ATTRIBUTE | DETAILS |
By Type |
|
By Form |
|
By Application |
|
By Geography |
|
Regional Analysis
The coal pitch tar market has been segmented geographically into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is set to dominate the coal tar pitch market. The demand for primary aluminum is set to rise on account of growing automotive, aerospace and space industry. Aluminum and aluminum alloys are great demand due to their high strength and low weight in automotive, aerospace and space industry. Several advanced technologies use aluminum alloys for better performance. Worldwide emission regulations on production of iron and steel have enforced manufacturers to use coal tar pitch as binders. The tariffs on aluminum and steel products by USA is expected to boost production of aluminum and steel in USA. Naturally, the demand for coal tar pitch is bound to increase.
Key Industry Developments
- In March 2018, Gearbulk and Puma Energy announced their intention to establish a permanent joint venture to perform liquid coal tar pitch, asphalt/bitumen, creosote, and coal tar transportation contracts.
- In October 2018, Plastic is mixed with coal tar to build roads. The new technology is an efficient way of reducing plastic waste. Roads in cities like Lucknow Chennai, Pune, Jamshedpur and Indore are being constructed.
- Ongoing
- 2023
- 2019-2022
-
Get in Touch with Us
-
US +1 833 909 2966 ( Toll Free )
-
