Global Coal Tar Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Coal Tar Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Coal tar is a thick dark liquid which is a by-product of the production of coke and coal gas from coal.

Market Overview:

The latest research study on the global Coal Tar market finds that the global Coal Tar market reached a value of USD 1070.74 million in 2022. It’s expected that the market will achieve USD 1292.07 million by 2028, exhibiting a CAGR of 3.18% during the forecast period.

Drivers

With the development of economy and loading and unloading equipment industry, the production technology of Coal Tar is at a mature stage, the continuous updating of technology has gradually increased the downstream demand and the market has expanded. Coal Tar has a potential consumer market in these countries with the continued development and promotion of downstream applications.

China dominates the global Coal Tar market. The development of the economic, high market maturity, more stable output, and also, the development of the downstream application industry, such as the increased use of asphalt in road construction brought to Coal Tar a large demand, has further increased market growth. Plus, policy for the promotion of the industry, China is the main production area.

North America is the big consumption and production market for Coal Tar, North America has a good industrial base and a sound industrial chain, which is also promoting the market growth of Coal Tar in the region.

Due to the continuous development of the chemical industry, also, Europe with abundant resources and is the main consumer market and production market of Coal Tar. The advantages of the industrial chain in high-developed regions, good production technology, and a large amount of downstream demand have all contributed to the healthy development of the Coal Tar market in Europe.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

ArcelorMittal S.A. is one of the major players operating in the Coal Tar market, holding a share of 6.44% in 2019.

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications. Its principal steel products include semi-finished flat products, such as slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, and tinplate and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products.

JFE Holdings, Inc., through its subsidiaries, engages in steel manufacturing, engineering, and trading businesses in Japan and internationally. The company was founded in 2002 and is headquartered in Tokyo, Japan.

Segmentation Overview:

Among different product types, High Temperature Coal Tar segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Pitch segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Coal Tar market covered in Chapter 3:

Nippon Steel & Sumitomo Metal Corporation
JFE Holdings, Inc.
POSCO
Shanxi Jinyang Coal Coke (Group) Co., Ltd.
Shanxi Lu'an Mining Industry (Group) Company Ltd
China Baowu Steel Group
ArcelorMittal S.A.
China Energy Investment Corporation
Coal India Limited
Shandong Energy Group
Jizhong Energy Resources Co.,Ltd.
Shaanxi Coal and Chemical Industry Group Co., Ltd.
Yang Quan Coal Industry (group) Co., Ltd.
Shanxi Coking Coal Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Coal Tar market from 2018 to 2029 is primarily split into:

High Temperature Coal Tar
Medium Temperature Coal Tar
Low Temperature Coal Tar

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Coal Tar market from 2018 to 2029 covers:

Carbon Black
Pitch
Wash Oil
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)