Coal Tar Pitch Market Demand and Research Insights by 2026

The global coal tar pitch market is witnessing a steady growth, thanks to the consistent rise in demand for aluminum and steel. The fast-paced infrastructural development in developing nations has shot up the demand for both these metals. Besides, the organic growth in the automotive, aerospace and construction industry is also boosting demand in coal tar pitch market. This is because aluminum is required in all three areas.

Coal tar pitch is required to manufacture carbon electrodes which are used in smelting aluminum. It is also required to produce graphite electrodes used in steel arc furnaces. The global coal tar pitch market has been growing progressively and is expected to remain steady in the future, too.

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Global Coal Tar Pitch Market: Drivers and Challenges

A large amount of the coal tar pitch produced across the world is used to manufacture carbon electrodes. Its economic feasibility and sustainability as a binder makes it the best raw material for carbon electrodes that are used to produce aluminum. And the rising demand for aluminum is the biggest driver of the global coal tar pitch market.

The number of infrastructure projects are increasing every year, especially in developing economies. At the same time, stringent regulations on vehicle emissions have paved way for light-weight automobile components. Aluminum with its light weight property is considered as one of the best materials for automobile components. The same property keeps aluminum in demand in the aerospace industry. The affordability of air travel has risen over the years, resulting in demand for more aircrafts. This is expected to support growth of the global coal tar pitch market in the near term.

Steel is also an important material required in infrastructure projects. Manufacturers across the world have shifted from conventional method to EAF steel manufacturing that requires graphite electrodes. And, graphite electrodes are made out of coal tar pitch. The stable growth of the steel industry is expected to drive the global coal tar pitch market.

Emission of harmful greenhouse gases during the production of coal tar pitch is emerging as a concern. Research is on to identify alternative methods to manufacture aluminum. At the same time, production of secondary aluminum (recycled aluminum) does not require coal tar pitch.

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Global Coal Tar Pitch Market: Geographical Distribution

Developing economies like India and China have registered more than the average global growth rate. As a result, Asia Pacific region holds a significant share of the global coal tar pitch market. Regions like North America and Europe will witness a steady growth in the coming years. This is due to the recent laws pertaining to import duties on aluminum.

Global Coal Tar Pitch Market: Competitive Dynamics

The global coal tar pitch market is a consolidated space. Some key players are Koppers Inc., Rain Industries Limited, Shanghai Baosteel Chemical Co. Ltd, Himadri Specialty Chemicals Ltd, and Nippon Steel.

Global Coal Tar Pitch Market: Future Prospects

The upcoming Transparency Market Research Report on the global coal tar pitch market will give you the following details

  • Detailed overview of the market and the current trends
  • Key market drivers and notable challenges
  • Breakdown of the geographical distribution and region-wise market share
  • Important market players and pertinent market strategies
  • Future trends in the market

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

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