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Global Coal Tar Pitch Market Size, Share, Research: By Form: Solid, Liquid; By Grade: Aluminium, Binder and Impregnating, Special Grade; By Application: Aluminium Electrode, Graphite Electrode, Roofing, Carbon Fibre, Refractories, Others; Regional Analysis; Competitive Landscape: Industry Events and Developments; 2022-2027

Global Coal Tar Pitch Market Outlook

The global coal tar pitch market size stood at a value of around USD 2.42 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 4.90% to reach USD 3.22 billion by 2027.

 

Heightened Application of Downstream Products of Liquid Coal Tar Pitch to Augment the Global Coal Tar Pitch Industry

Liquid coal tar pitch is used as a base for making paints and coatings. In this regard, the heightened demand for paints and coatings in various industrial sectors such as construction, is driving the segment’s growth. It is also used in roofing and paving of a structure. Hence, the thriving commercial construction sector across the emerging economies is further propelling the demand for liquid coal tar pitch.

 

The anticipated increase in the utilisation of liquid coal tar pitch as a binder in asphalt products is likely to aid the segment’s growth in the coming years. Over the forecast period, the thriving do-it-yourself sector is likely to accelerate the demand for paints and coatings which is anticipated to be another crucial driving factor of the coal tar pitch market.

 

The Asia Pacific Region Holds a Significant Share in the Market for Coal Tar Pitch

The market in the region is being driven by the strong foothold of major aluminium manufacturers in India and China’s emerging economies which is leading to an increase in the production capacities. In addition to this, the rapid urbanisation and rapid industrialisation across the continent is likely to generate a significant demand for paints and coatings and aluminium, thereby, bolstering the market growth.

 

The growing expansion of the automotive firms in countries like Japan and South Korea is leading to the technological advancements of automobiles. This is likely to generate a high demand for coal tar pitch in the forecast period.

 

Market Segmentation

Coal tar is defined as a substance which is a derivative of coal and is obtained as a by-product during the production of coke. Further distillation of coal tar leads to the formation of coal tar pitch which is a thick black liquid used as a base for paints and coats.

 

Based on form, the market can be bifurcated into:

  • Solid
  • Liquid

 

By grade, the coal tar pitch market has been divided into:

  • Aluminium
  • Binder and Impregnating
  • Special Grade

 

The significant applications of the product include:

  • Aluminium Electrode
  • Graphite Electrode
  • Roofing
  • Carbon Fibre
  • Refractories
  • Others

 

The regional markets for the product include the Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

 

Increasing Demand for Aluminium to Boost the Growth of the Coal Tar Pitch Industry

Coal tar pitch is used as a binder in the production of carbon anodes which are used in the extraction of aluminium. This makes coal tar pitch a crucial component for the production of aluminium. In this regard, the increasing demand for aluminium in the automotive and industrial construction sector, is driving the demand for the coal tar pitch market.

 

Over the forecast period, the anticipated increase in demand for electric passenger vehicles is likely to propel the application of coal tar pitch, thereby, boosting the market growth. Moreover, the increasing use of coal tar pitch by construction chemical companies to insulate and expand joint fillers and waterproofing systems is further bolstering the demand for coal tar pitch.

 

Coal tar pitch is also widely used in the production of refractory materials. Therefore, the anticipated rise in demand for refractory materials in the manufacture of casting glass and metals is likely to be a major driving factor of the market in the coming years.

 

Key Players in the Global Market for Coal Tar Pitch

The report gives a detailed analysis of the following key players in the global coal tar pitch market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Halliburton Company
  • BP PLC
  • China United Coalbed Methane Corp.
  • Petroliam Nasional Berhad (PETRONAS)
  • Santos Limited
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Form
  • Grade
  • Application
  • Region
Breakup by Form
  • Solid
  • Liquid
Breakup by Grade
  • Aluminium
  • Binder and Impregnating
  • Special Grade
Breakup by Application
  • Aluminium Electrode
  • Graphite Electrode
  • Roofing 
  • Carbon Fibre
  • Refractories
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Price Analysis
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bilbaína de Alquitranes, S.A. (BASA)
  • Mitsubishi Chemical Corporation 
  • Rain Carbon Inc.
  • DEZA a. s.
  • Koppers Holdings Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Coal Tar Pitch Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Coal Tar Pitch Historical Market (2017-2021) 
    8.3    Global Coal Tar Pitch Market Forecast (2022-2027)
    8.4    Global Coal Tar Pitch Market by Form
        8.4.1    Solid
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Liquid
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Coal Tar Pitch Market by Grade
        8.5.1    Aluminium
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Binder and Impregnating
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Special Grade
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Coal Tar Pitch Market by Application
        8.6.1    Aluminium Electrode
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Graphite Electrode
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Roofing 
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Carbon Fibre
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Refractories
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Others
    8.7    Global Coal Tar Pitch Market by Region       
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021) 
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021) 
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021) 
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021) 
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021) 
            8.7.5.3    Forecast Trend (2022-2027)
9    North America Coal Tar Pitch Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Coal Tar Pitch Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Coal Tar Pitch Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Coal Tar Pitch Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Coal Tar Pitch Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis
    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2      By Value
17    Price Analysis
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Bilbaína de Alquitranes, S.A. (BASA)
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Mitsubishi Chemical Corporation 
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Rain Carbon Inc.
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    DEZA a. s.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Koppers Holdings Inc.
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Others
19    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Coal Tar Pitch Market: Key Industry Highlights, 2017 and 2027
2.    Global Coal Tar Pitch Historical Market: Breakup by Form (USD Million), 2017-2021
3.    Global Coal Tar Pitch Market Forecast: Breakup by Form (USD Million), 2022-2027
4.    Global Coal Tar Pitch Historical Market: Breakup by Grade (USD Million), 2017-2021
5.    Global Coal Tar Pitch Market Forecast: Breakup by Grade (USD Million), 2022-2027
6.    Global Coal Tar Pitch Historical Market: Breakup by Application (USD Million), 2017-2021
7.    Global Coal Tar Pitch Market Forecast: Breakup by Application (USD Million), 2022-2027
8.    Global Coal Tar Pitch Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Coal Tar Pitch Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Coal Tar Pitch Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Coal Tar Pitch Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Coal Tar Pitch Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Coal Tar Pitch Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Coal Tar Pitch Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Coal Tar Pitch Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Coal Tar Pitch Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Coal Tar Pitch Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Coal Tar Pitch Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Coal Tar Pitch Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Major Exporting Countries by Value
21.    Major Importing Countries by Value
22.    Major Exporting Countries by Volume
23.    Major Importing Countries by Volume
24.    North America Historical Price Trends and Forecast 2017-2027
25.    Europe Historical Price Trends and Forecast 2017-2027
26.    Asia Pacific Historical Price Trends and Forecast 2017-2027
27.    Latin America Historical Price Trends and Forecast 2017-2027
28.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
29.    Global Coal Tar Pitch Market Structure

Key Questions Answered in the Report

In 2021, the market at a global level attained a value of nearly USD 2.42 billion.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 3.22 billion by 2027.

The market is estimated to grow at a CAGR of 4.90% between 2022 and 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the increasing demand for aluminium, rising application of the product in construction chemical companies, and growing utilisation of coal tar pitch in refractory materials.

The technological advancements in the automotive industry, coupled with the increasing sales of electric passenger vehicles are likely to be the key trends in the market.

Solid and liquid are the different segments based on form.

Aluminium, binder and impregnating, and special grade is the segmentation of market based on grade.

Aluminium electrode, graphite electrode, roofing, carbon fibre, and refractories, among others are the significant applications of the product.

The major players in the industry are Halliburton Company, BP PLC, China United Coalbed Methane Corp., Petroliam Nasional Berhad (PETRONAS), and Santos Limited, among others.

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