The global Coal Tar Pitch Market is likely to exhibit steady growth over the forecast period, according to the latest report on Qualiket Research. The global Coal Tar Pitch Market’s major drivers and restraints are analysed in the report, which provides readers with a clear picture of what’s driving and what’s holding back the Coal Tar Pitch Market. The historical trajectory of the Coal Tar Pitch Market is examined in the report in order to provide a basis for predictions regarding the market’s growth rate over the forecast period. Happenings in the Coal Tar Pitch Market in the review period are examined carefully to explain their connection with the market’s present state and future growth prospects.
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Coal tar pitch is thick black liquid which remains after the distillation of coal tar. Basically coal tar pitch is used as base for paints and coatings. Coal tar pitch contains various chemical compounds like benzene. These are widely applied for roofing, paving, and others. Also, they are categorized into various types such as Low-Temperature Coal-Tar Pitch, Medium-Temperature Coal-Tar Pitch, and High Temperature Coal Tar-Pitch.
Growing industrialization in developing countries is the key driving factor which is expected to boost the growth of global coal tar pitch market. Furthermore, continuous advancements in several industries including aerospace, automotive, and construction which is expected to propel the coal tar pitch market growth globally. Moreover, various strategies are adopted by key competitors will have the positive impact on coal tar pitch market growth. For instance, in March 2018, Gearbulk and Puma Energy had entered into memorandum for establishment of liquid coal tar pitch and Bitumen transportation joint venture Company. Joint Venture is mainly designed to provide better service to consumers.
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However, increase in environmental concerns including emission of greenhouse gases during coal tar pitch production is the major restraining factor which is expected to hamper the global coal tar pitch market growth.
Global Coal Tar Pitch Market is segmented into type such as Low-Temperature Coal-Tar Pitch, Medium-Temperature Coal-Tar Pitch, and High Temperature Coal Tar-Pitch. Further, market is segmented into application such as Roofing, Paving, and Others.
Also, Global Coal Tar Pitch Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as
- Nippon Steel,
- Himadri Specialty Chemicals Ltd,
- Shanghai Baosteel Chemical Co. Ltd,
- Rain Industries Limited,,
- Koppers Inc,
- JFE Holdings,
- Shandong Weijiao, and
- Shanxi Coking.
Global Coal Tar Pitch Market TOC
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Coal Tar Pitch Market Outlook
4.2 Market Dynamics
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Coal Tar Pitch Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Coal Tar Pitch Market Share Analysis, By Type
5.3 Global Coal Tar Pitch Market Size and Forecast, By Type
5.3.1 Low- Temperature Coal-Tar-Pitch
5.3.2 Medium- Temperature Coal-Tar-Pitch
5.3.3 High- Temperature Coal-Tar-Pitch
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