The coal tar pitch market is set to experience promising growth with a CAGR of 6.20% from 2024 to 2034. This market is projected to witness a significant jump in its value, reaching a staggering US$ 9,237.50 million by 2034 from its current value of US$ 5,076.30 million in 2024.
| Attributes | Details |
|---|---|
| Market Size, 2024 | US$ 5,076.30 million |
| Market Size, 2034 | US$ 9,237.50 million |
| Value CAGR (2024 to 2034) | 6.20% |
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| Drivers |
|
|---|---|
| Challenges |
|
Principal Consultant
| Attributes | Details |
|---|---|
| Grade | Blinders & Impregnation Pitch |
| Market share in 2024 | 58.90% |
Need for high-quality graphite electrodes is driving up the demand for binders and impregnation pitch segments. Binders and impregnation pitch are important raw materials in the manufacturing of high-quality graphite electrodes. Moreover, the expanding tire and rubber industry are contributing toward segment growth.
| Attributes | Details |
|---|---|
| Application | Aluminium Smelting |
| Market Share in 2024 | 31.36% |
There is a high level of technological advancement in the aluminum industry. The production of carbon anodes involves a highly complex and technologically advanced process that requires specific formulations of coal tar pitch.
Aluminum smelting companies invest heavily in research and development to optimize their carbon anode production processes, which results in a higher demand for high-quality coal tar pitch.
| Countries | CAGR from 2024 to 2034 |
|---|---|
| United States | 3.40% |
| China | 6.90% |
| Germany | 2.90% |
| Japan | 2.60% |
| South Korea | 2.70% |
The CAGR of the United States coal tar pitch market during the forecast period is anticipated to be 3.40%. Some of the factors influencing the growth of the market in the country are:
The market is expected to register a CAGR of 6.90% in China through 2034. China produces almost half of the world's aluminum. Hence, there is a significant market for coal tar pitch, which is needed for the smelting process to produce primary aluminum.
Its demand has increased in China as a result of the expanding needs of businesses that produce aluminum. Moreover, steel producers in China are now compelled by environmental rules to use the electric arc furnace method of production, which necessitates graphite electrodes.
The coal tar pitch market is expected to progress at a CAGR of 2.90% in Germany for the forecast period. With a large steel industry, manufacturers based in Germany are poised to gain a major market share during the forecast period. The demand for high-quality steel has increased in recent years in Germany.
The market is expected to progress at a CAGR of 2.60% in Japan throughout the forecast period. The shift toward renewable energy in Japan has been observed in recent years. With the escalating need for the production of wind turbines and solar panels, coal tar pitch is playing a significant role in the production of wind turbines in Japan.
The market is expected to progress at a CAGR of 2.70% in South Korea. Government initiatives toward the development of high-tech industries and advanced materials are anticipated to heighten the coal tar pitch market in South Korea. Infrastructure development leads to its increasing demand in the production of advanced graphite materials, further driving product demand.
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Manufacturers have shifted their focus to emerging countries in recent years to meet the increasing demand from various application classifications. Several major players are also working on increasing manufacturing capacity, launching new products, conducting research and development, and engaging in mergers and acquisitions.
Himadri Specialty Chemical Ltd
Himadri Specialty Chemical Ltd is a leading manufacturer of coal tar pitch in India. The company has a diverse product portfolio that includes coal tar pitch, carbon black feedstock, advanced carbon materials, and other specialty chemicals.
With a state-of-the-art manufacturing facility in West Bengal, Himadri Specialty Chemical Ltd has a production capacity of over 200,000 metric tons per annum. The company's tar pitch is a key raw material used in the production of aluminum, graphite electrodes, refractory materials, and other industrial applications.
Rain Carbon Inc.
Rain Carbon Inc. is a global leader in the production of coal tar pitch and other advanced materials. With a presence in over 40 countries, the company is committed to delivering high-quality products and services to its customers worldwide.
Rain Carbon Inc.'s coal tar pitch is a key raw material used in the production of aluminum, graphite electrodes, carbon black, and other industrial applications. The company's state-of-the-art manufacturing facilities in the United States, Europe, and Asia have a combined production capacity of over 1.7 million metric tons per annum.
Recent Development
In 2023, Epsilon Carbon achieved a major milestone by becoming the first Indian company to export liquid coal tar pitch. This achievement is a testament to the company's commitment to innovation, quality, and customer satisfaction. Epsilon Carbon is a leading manufacturer of coal tar pitch and other advanced carbon materials.
The company has a state-of-the-art manufacturing facility in Bellary, Karnataka, with a production capacity of over 250,000 metric tons per annum. Epsilon Carbon's liquid tar pitch is a key raw material used in the production of aluminum, graphite electrodes, and other industrial applications.
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | US$ 5,076.30 million |
| Projected Market Size (2034) | US$ 9,237.50 million |
| Anticipated Growth Rate (2024 to 2034) | 6.20% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | US$ million or billion for Value and Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered |
By Grade, By application and By Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The industry is expected to develop at a CAGR of 6.20% from 2024 to 2034.
The industry size is expected to be worth US$ 5,076.30 million in 2024.
The CAGR of the industry in the United States from 2024 to 2034 is estimated to be 3.40%.
The CAGR of the market in China from 2024 to 2034 is estimated to be 6.90%.
The market is estimated to get as big as US$ 9,237.50 million by 2034.
The market can be divided into the following segments: grade, application, and region.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2024 to 2034
5.3.1. Solid
5.3.2. Liquid
5.4. Y-o-Y Growth Trend Analysis By Form, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Form, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Grade
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Grade, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Grade, 2024 to 2034
6.3.1. Aluminum Grade
6.3.2. Graphite Grade
6.3.3. Special Grade
6.4. Y-o-Y Growth Trend Analysis By Grade, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Grade, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2024 to 2034
7.3.1. Aluminum Electrode
7.3.2. Graphite Electrode
7.3.3. Roofing Coating Material
7.3.4. Blast Furnace Linings
7.3.5. Chemical Intermediates
7.3.6. Sealants
7.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Form
9.2.3. By Grade
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Form
9.3.3. By Grade
9.3.4. By Application
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Form
10.2.3. By Grade
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Form
10.3.3. By Grade
10.3.4. By Application
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Form
11.2.3. By Grade
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Form
11.3.3. By Grade
11.3.4. By Application
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Form
12.2.3. By Grade
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Form
12.3.3. By Grade
12.3.4. By Application
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Form
13.2.3. By Grade
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Form
13.3.3. By Grade
13.3.4. By Application
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Form
14.2.3. By Grade
14.2.4. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Form
14.3.3. By Grade
14.3.4. By Application
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Form
15.2.3. By Grade
15.2.4. By Application
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Form
15.3.3. By Grade
15.3.4. By Application
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Form
16.1.2.2. By Grade
16.1.2.3. By Application
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Form
16.2.2.2. By Grade
16.2.2.3. By Application
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Form
16.3.2.2. By Grade
16.3.2.3. By Application
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Form
16.4.2.2. By Grade
16.4.2.3. By Application
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Form
16.5.2.2. By Grade
16.5.2.3. By Application
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Form
16.6.2.2. By Grade
16.6.2.3. By Application
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Form
16.7.2.2. By Grade
16.7.2.3. By Application
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Form
16.8.2.2. By Grade
16.8.2.3. By Application
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Form
16.9.2.2. By Grade
16.9.2.3. By Application
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Form
16.10.2.2. By Grade
16.10.2.3. By Application
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Form
16.11.2.2. By Grade
16.11.2.3. By Application
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Form
16.12.2.2. By Grade
16.12.2.3. By Application
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Form
16.13.2.2. By Grade
16.13.2.3. By Application
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Form
16.14.2.2. By Grade
16.14.2.3. By Application
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Form
16.15.2.2. By Grade
16.15.2.3. By Application
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Form
16.16.2.2. By Grade
16.16.2.3. By Application
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Form
16.17.2.2. By Grade
16.17.2.3. By Application
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Form
16.18.2.2. By Grade
16.18.2.3. By Application
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Form
16.19.2.2. By Grade
16.19.2.3. By Application
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Form
16.20.2.2. By Grade
16.20.2.3. By Application
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Form
16.21.2.2. By Grade
16.21.2.3. By Application
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Form
16.22.2.2. By Grade
16.22.2.3. By Application
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Form
16.23.2.2. By Grade
16.23.2.3. By Application
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Form
17.3.3. By Grade
17.3.4. By Application
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Koppers Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Coopers Creek Chemical Corporation
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Himadri Specialty Chemicals Ltd.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Rain Industries Limited
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. JFE Holdings, Inc.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. NIPPON STEEL Chemical & Material Co., Ltd.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Shanxi Coking Company
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Neptune Hydrocarbons
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Bathco Ltd.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. China Steel Chemical Corporation
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Coal Tar Pitch Market
