Coal tar is known as coal paste, or coke obtained during the dark brown viscous liquid, more substantial than water, and having a certain specific odor-soluble, combustible and corrosive. It has a certain solubility and a special odor. Coal tar is the primary raw material for the coal chemical industry. Coal tar generally used as a feedstock to the processing purified preparation of various chemical products can also directly used as industrial as coal, coke, and coal activated carbon blending component with a binder.
The global coal tar market has the potential to grow with USD 2.23 billion with historical CAGR in the forecast period from 2020-2027. Due to the rising demand for coal in the health industry, also its characteristics such as durability, ability to withstand wear and tear with environmental impacts, and increasing import of aluminum are favoring the market demand for the global coal tar market.
Coal tar is a complex mixture of highly aromatic hydrocarbons, and fused ring compounds with or without side chains and heterocyclic compounds containing oxygen, sulfur, and nitrogen. It provides a small number of Aliphatic hydrocarbons, naphthenes, and unsaturated hydrocarbons also carry coal dust, coke dust, and pyrolytic carbon.
Moreover, it can also use to make linoleum, fuel, and carbon black coal tar layers, which are widely used in ships and heavy anti-corrosive coatings due to its anti-corrosion performance and low price. Many of the compounds in coal tar are valuable raw materials for plastics, synthetic fibers, synthetic rubber, pesticides, medicines, high-temperature resistant materials, and the defense industry. Coal tar mainly used to process light oil, phenol oil, naphthalene oil, and modified asphalt, etc. After further processing, benzene, phenol, naphthalene, anthracene, and other chemical raw materials produced.
Furthermore, the process of coal tar dehydration can significantly improve the demulsification effect, accelerate the separation of oil and water, shorten the time, and save energy—coal tar slag produced in large quantities during the coal tar industrial production process. The current everyday use method is to use it as a raw material for tar coal blending, but the utilization rate is only about 30% of the generated amount.
Coal tar slag has the characteristics of the naturally porous structure, large specific surface area. It contains a large amount of unburned carbon, which may use as an adsorbent material. Also, coal-based has the advantages of high carbon content and low price. It is an essential raw material for the preparation of activated carbon materials.
The demand for coal tar is widely propelling across the world. It is mainly owing to the use of coal tar, used to manufacture carbon electrodes. Coal tar has the best binding sustainability and feasibility that allow carbon electrodes as raw material to produce aluminum. Therefore, the demand for aluminum is to bolster the market share of coal tar at the global level.
Increasing demand for aluminum in the emerging aerospace industry and other components of coal tar are bolstering the market share. Moreover, rising investment and projects are growing every year are contributing to fueling the demand for coal tar.
Based on the type, the global coal tar market segmented into High-Temperature Coal Tar, Medium Temperature Coal Tar, Low-Temperature Coal Tar. The high-temperature segment accounted for the largest share in the global coal tar market. The high-temperature coal tar has a relative density higher than 1.0, contains a large amount of asphalt, and is almost entirely a complex mixture composed of aromatic compounds. It estimates that the total number of components is about 10,000, from which about 500 single compounds have separated and identified. The amount of which accounts for about 55% of the total tar.
Moreover, the composition and properties of the medium- and low-temperature coal tar are quite different from those of high-temperature coal tar. Medium- and low-temperature coal tar contains more oxygen-containing compounds and chain hydrocarbons, of which the content of phenol and its derivatives reaches 10% to 30%. Hydrocarbon is about 20%, and the content of heavy oil (tar pitch) is relatively small, which is more suitable for the production of vehicle engine fuel oil and chemicals using hydrogenation technology.
Based on the Application, the global coal tar market classified into Carbon Black, Pitch, Wash Oil, Other. The pitch has dominated the largest share in the global coal tar market. Coal tar pitch is the residue after the distillation extraction of coal tar. According to the level of softening point, it can divide into a low temperature, medium-temperature, and high-temperature asphalt. Coal tar pitch is a bulk product isolated during coal tar processing, which accounts for 50% to 60% of coal tar. Its processing utilization level is critical to the entire coal tar processing process.
Coal tar pitch cannot further classify by distillation but only by extraction. Coal tar pitch mainly uses for the production of pitch coke, binder for electrodes and anode paste (modified pitch), briquette binder, road construction pitch, various asphalt anti-corrosive paints, etc.
Based on geography, the global coal tar market report segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America region is dominating the global coal tar market. It is mainly owing to the emerging market demand for aluminum, graphite, and coal tar pitch users in the industries. Thus, fueling the market demand for the coal tar in the North America region.
Companies such as ArcelorMittal, British Steel Ltd., Nippon Steel Corp., PJSC AVDIIVKA COKE, PJSC Magnitogorsk Iron and Steel Works, PJSC NLMK, POSCO, Sumitomo Metal Mining Co. Ltd., Tata Steel Ltd., Voestalpine AG, and others are key players in the global coal tar market.