Emergen research’s latest document, titled ‘Coal Tar Market’ is one of the most sought-after market reports involving an in-depth analysis of the global Coal Tar Market. The report’s authors have offered necessary details on the latest Coal Tar Market trends and the crucial parameters impacting both short-term and long-term market growth.

The global coal tar market size is expected to reach USD 18.64 Billion in 2028 at a steady CAGR, according to latest analysis by Emergen Research. Growth of the coal tar market is driven significantly by need for coal tar pitch in aluminum smelting processes.

Another key factor driving growth of this market is rapidly increasing consumption of coal tar pitch in aluminum smelting due to rising demand for aluminum for a range of industrial manufacturing and construction applications. Coal tar pitch is used in asphalt for blacktop of roads, as a base for paints and coatings, and also as binder in asphalt products, in addition to being widely used in steel and aluminum production. It is one of the significant products of graphite electrodes that are used in electric arc furnaces. The need for energy security has been resulting in rising focus on development of alternative energy resources such as shale oil, bio-oil, and coal-derived fuels. Coal liquefaction entails a process of converting coal into liquid hydrocarbons, including liquid fuels and petrochemicals. Coal tar is a by-product resulting from the production of coke and coal gas from coal. Rising need for energy security and increasing use of coal-derived fuel is expected to continue to drive growth of the global coal tar market going ahead.

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The report addresses the following key points:

• The report provides a forecast of market drivers, restraints, and future opportunities for the Coal Tar market
• The report further analyses the changing market dynamics
• Regional analysis and segmentation of the Coal Tar market with analysis of the regions and segments expected to dominate the market growth
• Extensive competitive landscape mapping with profiles of the key competitors
• In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
• Revenue forecast, country scope, application insights, and product insights

The leading market contenders listed in the report are:

Himadri Speciality Chemical Ltd., Voestalpine AG, Rain Carbon Inc., Industrial Química del Nalón S.A, DEZA, a. s., Bilbaína de Alquitranes, S.A., Koppers Inc., Nagreeka Hydrocarbons (P) Ltd., Neptune Hydrocarbons Mfg. Pvt. Ltd., and Tar Alliance AM

The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

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For this study, this report segments the global Coal Tar market on the basis of product, application, and region:

• Type Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2018–2028)
• Low Temperature Coal Tar
• Medium Temperature Coal Tar
• High Temperature Coal Tar

• Application Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2018–2028)
• Coal Tar Pitch
• Carbon Black Oil
• Specialty Oils

• End-user Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2018–2028)
• Aluminum Industry
• Roofing
• Tire Industry
• Paint Industry
• Wood Preservation
• Others

The complete regional analysis covers:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In conclusion, the Coal Tar Market report is an exhaustive database that will help readers formulate lucrative strategies. The Coal Tar Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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