Global Coal Tar Market- By Type (High Temperature Coal Tar, Medium Temperature Coal Tar, Low Temperature Coal Tar), By Application (Carbon Black, Pitch, Wash Oil, Other), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.
Global Coal Tar Market Overview:
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.
Global Coal Tar Market Insights
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.
Growth Driver
Rising Aluminum demand
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.
Emerging demand for lightweight vehicle
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.
By Type Segmental Analysis
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.
By Application Segmental Analysis
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.
By Region Segmental Analysis
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.
Competitor Analysis
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.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global coal tar manufacturing companies
- Research organizations and consulting companies’ coal tar
- Regulatory bodies
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type
- High Temperature Coal Tar
- Medium Temperature Coal Tar
- Low Temperature Coal Tar
By Application
- Carbon Black
- Pitch
- Wash Oil
- Other
By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
Global Coal Tar Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Economic Factor Analysis
- Global Coal Tar Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Type
- High Temperature Coal Tar
- Medium Temperature Coal Tar
- Low Temperature Coal Tar
- By Application
- Carbon Black
- Pitch
- Wash Oil
- Other
- By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- Demand
- Market Size & Forecast, 2016-2027
- Europe Coal Tar Market Overview
- Europe Coal Tar Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Coal Tar Market Share & Forecast, 2016-2027
- By Type
- High Temperature Coal Tar
- Medium Temperature Coal Tar
- Low Temperature Coal Tar
- By Application
- Carbon Black
- Pitch
- Wash Oil
- Other
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Coal Tar Market
- By Type
- Demand
- Europe Coal Tar Market Size & Forecast, 2016-2027
- North Coal Tar Market Overview
- North America Coal Tar Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Coal Tar Market Share & Forecast, 2016-2027
- By Type
- High Temperature Coal Tar
- Medium Temperature Coal Tar
- Low Temperature Coal Tar
- By Application
- Carbon Black
- Pitch
- Wash Oil
- Other
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Coal Tar Market
- By Type
- Demand
- North America Coal Tar Market Size & Forecast, 2016-2027
- Asia Pacific Coal Tar Market Overview
- Asia Pacific Coal Tar Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Asia Pacific Coal Tar Market Share & Forecast, 2016-2027
- By Type
- High Temperature Coal Tar
- Medium Temperature Coal Tar
- Low Temperature Coal Tar
- By Application
- Carbon Black
- Pitch
- Wash Oil
- Other
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Coal Tar Market
- By Type
- Demand
- Asia Pacific Coal Tar Market Size & Forecast, 2016-2027
- South America Coal Tar Market Overview
- South America Coal Tar Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Coal Tar Market Share & Forecast, 2016-2027
- By Type
- High Temperature Coal Tar
- Medium Temperature Coal Tar
- Low Temperature Coal Tar
- By Application
- Carbon Black
- Pitch
- Wash Oil
- Other
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Coal Tar Market
- By Type
- Demand
- South America Coal Tar Market Size & Forecast, 2016-2027
- Middle East & Africa Coal Tar Market Overview
- Middle East & Africa Coal Tar Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Coal Tar Market Share & Forecast, 2016-2027
- By Type
- High Temperature Coal Tar
- Medium Temperature Coal Tar
- Low Temperature Coal Tar
- By Application
- Carbon Black
- Pitch
- Wash Oil
- Other
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Coal Tar Market
- By Type
- Demand
- Middle East & Africa Coal Tar Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- 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
- Other players