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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Coal Tar Pitch Market Analysis
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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Coal Tar Pitch Market Analysis
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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Coal Tar Pitch Market Analysis
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 Analysis
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