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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Coal Tar Pitch market for 2018-2023.
Coal tar pitch is a complex chemical with 22 chemical and physical properties obtained through coal tar distillation, which involves the conversion of coal tar into a variety of intermediate chemical products. Coal-tar pitch is a thick black liquid that remains after the distillation of coal tar. It is used as a base for coatings and paint, in roofing and paving, and as a binder in asphalt products. Both coal tar and coal-tar pitch contain many chemical compounds, including carcinogens such as benzene.
The global sales of Coal Tar Pitch are from 9947 K MT in 2013 to 8856 K MT in 2017. In 2017, the global Coal Tar Pitch sales market was led by China and USA major manufacturers' activities of Coal Tar Pitch are RuTGERS, JFE, Koppers Industries, Shanghai Baosteel,Shanxi Coking,Wugang Coking are the China sales leader.
Coal Tar Pitch downstream are wide, and the major fields are Aluminum Industry, Graphite Electrodes, Roofing etc. In recent years, social economy has developed rapidly. For demand market of Coal Tar Pitch, there is also a certain space in the next few years, especially in the Chinese market which is increasing with the rapid development of downstream industry.
The entire market is dominated by several giants. They all have a mature sales network. So the entire market is trending toward direct sales or their agents, rather than using distributors. This is observed even more acutely among foreign suppliers, who historically relied more heavily on distributor companies. But for other small manufacturers, distribution is still an important channel to expand the market. For example, Chinese enterprises are a typical example.
We tend to believe this industry is a mature industry, and the consumption increasing degree will show a steady growth curve from 2017. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.
Over the next five years, LPI(LP Information) projects that Coal Tar Pitch will register a 1.1% CAGR in terms of revenue, reach US$ 3830 million by 2023, from US$ 3590 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Coal Tar Pitch market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Medium Temperature Coal Tar Pitch
- Modified Coal Tar Pitch
Segmentation by application:
- Aluminum Industry
- Graphite Electrodes
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Koppers Industries
- Coopers Creek
- Tangent Rail
- Shanghai Baosteel
- Shanxi Coking
- Wugang Coking
- Jining Carbon
- Shandong Gude Chemical
- Yenakiieve Coke and Chemicals
- Shandong Weijiao
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Coal Tar Pitch consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Coal Tar Pitch market by identifying its various subsegments.
- Focuses on the key global Coal Tar Pitch manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Coal Tar Pitch with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Coal Tar Pitch submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.