According to a recent survey conducted by ChemView Consulting, the Global Coal Tar Pitch Market grew at a CAGR of 4.2% between 2017-2021 and is estimated to be US$ 3,127.2 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.9% and is expected to reach a valuation of US$ 5,045.6 Mn by 2032 end.
Coal tar pitch is a darkish black liquid left after the coal tar has been distilled. It is utilised as a binder in asphalt materials, in addition to a basis for paints and coatings and extensively utilized in street creation. Many chemical materials which might be carcinogen, such as, benzene, may be determined in coal tar and coal-tar pitch. The Occupational Safety and Health Administration`s Air Pollutants Standard regulates publicity to coal tar and coal-tart pitch in numerous industries, consisting of creation industry. OSHA serves the public with protection and fitness data concerning coal-tar pitch.
FMI provides a half-every year assessment evaluation and key insights approximately coal tar pitch marketplace boom prices and destiny trends withinside the worldwide marketplace. Recent trends taken location withinside the marketplace consists of boom withinside the manufacturing capacities, status quo of deliver chain community withinside the growing countries and acquisitions of different players.
Coal tar and coal-tar pitch are by-products of the cooking technique in which coal is transformed into coke, a gasoline utilized in blast furnaces. The merchandise is acquired as residues from the distillation of coal tar. Coal tar is a thick darkish liquid that incorporates approximately 30% hydrocarbons whilst coal-tar pitch is a black strong with a better carbon content (as much as 85%). The number one use for each merchandise is withinside the production enterprise in which they may be hired as sealants, adhesives, roofing materials, and coatings. In addition, coal tar and coal-tar pitch have observed programs in different industries consisting of aluminium production, graphite electrode manufacturing, and automobile finishes.
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A list of some of the key suppliers present in the market are:
- Koppers Inc.
- Coopers Creek Chemical Corporation
- Himadri Specialty Chemicals Ltd.
- Rain Industries Limited
- JFE Holdings, Inc.
- Nippon Steel & Sumikin Chemical Co., Ltd.
- Shanxi Coking Company
- Neptune Hydrocarbons
- Bathco Ltd.
- China Steel Chemical Corporation
- Hengshui Zehao Chemicals Co., Ltd
- Shandong Gude Chemical Co., Ltd
- Crowley Chemical Company, Inc.
- Shanghai Baosteel Chemical Co. Ltd.
Global Coal Tar Pitch Market Market 2022-2032: Report Coverage and Highlights
- Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Segment-wise, country-wise, and region-wise market analysis
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Key product innovations and regulatory framework
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
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https://chemviewconsulting.com/reports/coal-tar-pitch-market/
About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
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