Coal Tar Pitch Market

Coal Tar Pitch Market Expected to Behold a CAGR of

5.4% through 2018-2028 | Future Market Insights

March 2020

Report Id : REP-GB-7186

Published On : 12-Nov-2018

Category : Chemicals and Materials

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Coal Tar Pitch Market Analysis

Tier-1 companies in coal tar manufacturing represent 60-70% share of the total market

revenue. With massive coal tar distillation capacities across the globe, these players in coal

tar pitch landscape maintain their focus on both, standard grade and special grade coal tar

pitch (CTP) production.Tier 2 players have a strong presence over restricted regions,

whereas that of Tier 3 competitors is limited to regional sales. Standard grade coal tar pitch

is the key focus area for the latter two, according to Future Market Insight's study on the

global coal tar pitch landscape.

"Production facility expansion, strategic acquisitions, and CTP product innovation will

remain the key developmental strategies trending among leading players," says a senior

research analyst at FMI. The analyst adds further, "Massive Aluminum demand from

automotive and transportation sectors has been pushing the Aluminum production levels

4-5% (yearly) since the recent past. Growing demand for lightweight vehicles is among the

most impactful factors driving the consumption of Aluminum, subsequently contributing to

sales of coal tar pitch".



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Long-term Contractual Partnerships & Backward Integrated Supply Rule Strategic Minds of

Coal Tar Pitch Manufacturers : While manufacturers of coal tar pitch are preferring longterm

supply contracts with leading coal tar manufacturers, FMI has also identified these

players entering strategic partnerships with steel manufacturers, where coal tar is often

the byproduct of coke processing ovens. A few other activities that make this landscape

dynamic include long-term contracts between manufacturers of coal tar pitch and those of

primary aluminum and graphite electrode, with a sole objective to sustain the coal tar

pitch supply to end markets.

Aluminum Grade CTP Holds a Winning Revenue Share in Coal Tar Pitch Market :

Application-wise, around 80% revenue share belongs to the aluminum electrode,

according to the study. As coal tar pitch is increasingly being consumed by aluminum

smelters lowing to higher sustainability and economic feasibility, the mushrooming

Aluminum production is constantly driving the growth of coal tar pitch landscape. In 2019,

the revenue of Aluminum grade coal tar pitch is pegged for over 5% Y-o-Y growth. Besides,

Graphite electrode is also slated for promising performance and the application base of

coal tar pitch as a chemical intermediate in carbon black manufacturing is visibly growing.



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Development of Specialized 'Zero QI Impregnating' Coal Tar Pitch Expands Applicability : A

specialized 'impregnating' pitch obtained by processing coal tar at a high temperature is

widely used in the Graphite industry during the electrode manufacturing process. The

resultant technological advancements in the life of electrodes pushes CTP applications in

roofing, coating, electrode, refractory, and others. China Commands over Global Coal Tar

Pitch Landscape, India Leads Asia Pacific's CTP Scenario : China, India, Russia, and Western

Europe have a significant aluminum production base, whereas MEA is demonstrating

promising growth in coal tar pitch landscape in recent years. North America, however, is

observing passive growth over the recent past, post decline in the aluminum production

levels.

According to the FMI's report, China is the global leader in coal tar pitch ecosystem owing

to significant Aluminum production and thriving production levels of Graphite electrode.

China is projected for a 6% year on year revenue growth by this year's end, reflecting

ample growth opportunities for coal tar pitch manufacturers. On the other side, APAC's

market for coal tar pitch is witnessing growth concentration in India that has been

attributed to an impressive rate of Aluminum production in the country.



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Source Link: https://www.marketwatch.com/press-release/coal-tar-pitch-market-isexpected-to-reach-a-value-of-over-us-5145-mn-by-2028-koppers-inc-rain-industrieslimited-2019-05-17

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deliver syndicated research reports, custom research reports and consulting services which

are personalized in nature. FMI delivers a complete packaged solution, which combines

current market intelligence, statistical anecdotes, technology inputs, valuable growth

insights and an aerial view of the competitive framework and future market trends.



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Coal Tar Pitch Market

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