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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; 2024-2032
Global Coal Tar Pitch Market Outlook
The global coal tar pitch market size stood at a value of around USD 2.66 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.90% to reach USD 4.09 billion by 2032.
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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.
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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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Form |
|
| Breakup by Grade |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Price Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
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*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 (2018-2023)
8.3 Global Coal Tar Pitch Market Forecast (2024-2032)
8.4 Global Coal Tar Pitch Market by Form
8.4.1 Solid
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Liquid
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Coal Tar Pitch Market by Grade
8.5.1 Aluminium
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Binder and Impregnating
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Special Grade
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Coal Tar Pitch Market by Application
8.6.1 Aluminium Electrode
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Graphite Electrode
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Roofing
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Carbon Fibre
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Refractories
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Coal Tar Pitch Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Coal Tar Pitch Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Coal Tar Pitch Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Coal Tar Pitch Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Coal Tar Pitch Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Coal Tar Pitch Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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, 2018 and 2032
2. Global Coal Tar Pitch Historical Market: Breakup by Form (USD Million), 2018-2023
3. Global Coal Tar Pitch Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Global Coal Tar Pitch Historical Market: Breakup by Grade (USD Million), 2018-2023
5. Global Coal Tar Pitch Market Forecast: Breakup by Grade (USD Million), 2024-2032
6. Global Coal Tar Pitch Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Coal Tar Pitch Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Coal Tar Pitch Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Coal Tar Pitch Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Coal Tar Pitch Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Coal Tar Pitch Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Coal Tar Pitch Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Coal Tar Pitch Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Coal Tar Pitch Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Coal Tar Pitch Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Coal Tar Pitch Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Coal Tar Pitch Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Coal Tar Pitch Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Coal Tar Pitch Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Coal Tar Pitch Market Structure
Key Questions Answered in the Report
In 2023, the market at a global level attained a value of nearly USD 2.66 billion.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 4.09 billion by 2032.
The market is estimated to grow at a CAGR of 4.90% between 2024 and 2032.
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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