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Coal Tar Pitch Market Segmentation, Status and Supply Chain Analysis till 2022

Global Coal Tar Pitch Market is anticipated to witness an exponential growth in the forecast period. Coal-tar pitch is the residue of distillation of the coal tar, which is thick black liquid in color. It is mainly used as a base for the paving, roofing, and for the base of coatings and paints and as a binder in asphalt products.<br>The factors that propel the growth of the market include growing demand for aluminum across numerous end-use industries such as packaging, automotive and others, increasing demand, technological advancement, and coal tar pitch is also progressively being used as a roofing material. On the other hand, there are factors that may hamper the growth of the market including the use of substitute materials such as thermoplastic olefin (TPO). The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Coal Tar Pitch Market Segmentation, Status and Supply Chain Analysis till 2022

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  1. Coal Tar Pitch Market Segmentation, Status and Supply Chain Analysis till 2022 “Coal-tar pitch is the residue of distillation of the coal tar, which is thick black liquid in color. It is mainly used as a base for the paving, roofing, and for the base of coatings and paints and as a binder in asphalt products.” Global Coal Tar Pitch Market is anticipated to witness an exponential growth in the forecast period. Coal-tar pitch is the residue of distillation of the coal tar, which is thick black liquid in color. It is mainly used as a base for the paving, roofing, and for the base of coatings and paints and as a binder in asphalt products. The factors that propel the growth of the market include growing demand for aluminum across numerous end-use industries such as packaging, automotive and others, increasing demand, technological advancement, and coal tar pitch is also progressively being used as a roofing material. On the other hand, there are factors that may hamper the growth of the market including the use of substitute materials such as thermoplastic olefin (TPO). The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/coal-tar-pitch-market-outlook The new trend in the coal tar pitch market is emphasis on research and developmental process to drive the effectiveness of the pitch. Manufacturers are concentrating on the reduction of toxicity and improving the durability and longevity of the material. The market could be explored by form, grade, application, and geography. Market could be explored by form as Liquid and Solid. Based on grade, the market could span Special grade, Aluminum grade, and Graphite grade. The key applications that could be explored in the market include Lining of the blast furnace, Graphite electrodes, Chemical intermediate, Carbon electrodes, and Roofing.

  2. Asia-Pacific accounted for the major share of the coal tar pitch market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing aluminum production that needs coal tar for the production of electrodes for the smelting procedure, the surge in use of coal tar pitch in the steel industry, and a substantial increase in the demand for coal tar pitch. Asia-Pacific is followed by North America and Asia-Pacific region. Some of the key players that fuel the growth of the coal tar pitch market comprise NGP Industries Ltd, Koppers Inc., Himadri Specialty Chemicals Ltd., Neptune Hydrocarbons, National Aluminum Company Limited (Nalco), Neelachal Ispat Nigam limited, Crowley Chemical Company, Inc., Bathco Ltd., Heng Shui Zehao Chemicals Co., Ltd. and China Steel Chemical Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry. Get a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/coal-tar-pitch-market-outlook/request-sample Market Segment: Key Applications • Aluminum Industry • Graphite Electrode KeyRegions • North America • Europe • Asia Pacific • Middle East and Africa • South America See More Reports of This Category by Million Insights @ https://www.millioninsights.com/industry/chemicals-and-materials Key Vendors • Himadri • JFE • Koppers

  3. • NSSMC • RuTGERS • Shandong Baoshun • request free sample to get a complete list of companies Key Questions Answered in this Report • What will the market size be in 2022? • What are the key factors driving the global coal tar pitch market? • What are the challenges to market growth? • Who are the key players in the coal tar pitch market? • What are the market opportunities and threats faced by the key players?

  4. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Asia Pacific Million Insights Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 1-408-610-2300 Email: sales@millioninsights.com Phone: 91-20-65300184 Email: sales@millioninsights.com Visit Our Blog: www.millioninsights.blogspot.com

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