Newstrail.com

Coal Tar Pitch Market | Worldwide Industry Analysis and New Market Opportunities Explored By 2028

Tier 1 companies in coal tar production account for 60-70% of the total market revenue. With massive coal tar distillation capacities around the world, these players in the coal tar pitch landscape are focused on the production of both standard grade and specialty grade coal tar pitch (CTP).

Have Tier 2 players a strong presence in restricted regions, while Tier 3 competitors are limited to regional sales. Standard grade coal tar pitch is the focus area for the latter two, according to Future Market Insight’s study of the global coal tar pitch landscape continue to be the key trend in development strategies among major players,” says a Senior Research Analyst at FMI.

The analyst further adds: “The massive demand for aluminum from the automotive and transportation sectors has increased aluminum production by 4-5% (yoy) over the recent past. Growing demand for light vehicles is among the most influential factors driving aluminum consumption, which in turn contributes to coal tar pitch sales.”

Get a Sample Copy of the Report @

https://www.futuremarketinsights.com/reports/sample/rep-gb-7186

Long-term contractual Partnerships and Backward-Integrated Supply Policies Strategic Minds of Coal Tar Producers

While coal tar producers prefer long-term supply agreements with large coal tar producers, FMI has also identified these players with whom they form strategic partnerships at steelmakers where coal tar is often a by-product of coke processing furnaces.

Some other activities making this picture dynamic include long-term contracts between producers of coal tar pitch and producers of primary aluminum and graphite electrodes, with the sole aim of maintaining supply of coal tar pitch to the end markets .

Aluminum grade CTP has a successful revenue share in the coal tar pitch market

In terms of applications, aluminum electrode accounts for about 80% of the revenue share, according to the study. As coal tar pitch is increasingly consumed by aluminum smelters for greater sustainability and profitability, increasing aluminum production is steadily driving the growth of the coal tar pitch landscape.

In 2019, aluminum grade tar pitch coal revenue is tied to more than 5% year-on-year growth . In addition, the graphite electrode is also expected to have promising performances, and the application base of coal tar pitch as a chemical intermediate in the production of carbon black is visibly growing.

The development of a special “zero-QI impregnated” coal tar pitch expands its applicability

A special “impregnated” pitch obtained through processing High temperature tar is widely used inthe graphite industry during the electrode manufacturing process. The resulting technological advances in electrode life are driving CTP applications in roofing, linings, electrodes, refractories and others.

China dominates the global coal tar pitch landscape, India leads the Asia-Pacific CTP scenario

China, India, Russia and Western Europe have a large aluminum production base, while MEA shows promising growth in the coal tar pitch landscape in recent years. However, North America has recently experienced passive growth after aluminum production has declined.

According to the IMF report, China is the world’s leading ecosystem producer of aluminum due to the significant share of coal tar pitch. and thriving production of graphite electrodes. China sales are forecast to grow 6% yoy by the end of this year, reflecting ample growth opportunities for coal tar pitch producers.

On the other hand, the coal tar pitch market in APAC is experiencing a concentrated production in India Growth attributed to an impressive rate of aluminum production in the country.

Request for Customization @ 

https://www.futuremarketinsights.com/customization-available/rep-gb-7186

Coal Tar Pitch Market Market by Category

By Form:

  • Solid
  • Liquid

By Grade:

  • Aluminum Grade
  • Graphite Grade
  • Special Grade

By Application:

  • Aluminum Electrode
  • Graphite Electrode
  • Roofing Coating Material
  • Blast Furnance Linings
  • Chemical Intermediates
  • Sealents

Competitive Landscape

Over the past few years, manufacturers are shifting their focus towards emerging regions to cater the growing demand from the application segments. Several key players are also focusing on expanding their production capacities, product launches, R & D and are also focusing on mergers & acquisition.