Summary
Coal Tar Pitch Market Research Report Information by Grade (Aluminum Grade, Graphite Grade, Special Grade) By End-User (Aluminum Smelting, Graphite Electrodes, Roofing, Carbon Fiber, Refractories, Other Applications), And by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) Forecast Till 2032
Market Overview:
The coal tar pitch industry is expected to rise at a compound annual growth rate (CAGR) of 5.48% between 2024 and 2032. Increased aluminum production in the area boosts the market for coal tar pitch.
Because of the implementation of stringent car pollution standards and the growing need for aluminum due to its strength and light weight, the automotive, aerospace, and space industries are increasingly relying on lightweight aluminum components to sustain market growth.
Because of its excellent adherence to metal, coal tar pitch is widely used in the aluminium sector. Aluminum is a lightweight metal that weighs one-third that of steel, resulting in lower production costs. Its specific weight is 2.7 grams per cubic centimeter. It is used in automobiles to minimize inert weight, which improves engine performance and lowers energy usage. Furthermore, this results in less noise and more comfort. Modifying the alloy composition allows the strength to be modified to meet the needs of the application. Aluminum-magnesium-silicon alloys, on the other hand, are ideal for car body sheets because of their high age-hardening when applied by the bake-on method, whilst aluminum-magnesium-manganese alloys provide the best combination of strength and formability.
Market Segmentation Insights
The global coal tar pitch is divided into three grades: special grade, graphite grade, and aluminum grade.
Aluminum smelting, graphite electrodes, roofing, carbon fiber, refractories, and other end-use applications make up the global coal tar pitch industry.
Aluminum Smelting dominated the market in 2021, because to strong increases in aluminum production from a variety of enterprises, notably HINDALCO and Jindal Aluminum.
Perspectives on the Region
According to the analysis, the market may be divided into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
In the Asia-Pacific region, the coal tar pitch market has grown the greatest. China and India are the region's two primary markets for coal tar. As the construction industry grows, aluminum output in China and India accelerates.
The chemical and construction sectors' increased use of coal tar pitch is expected to contribute to a steady growth in North America.
Major players
Rain Carbon Inc. (USA), Mitsubishi Chemical Carbon Fiber and Composites (USA), Himadri Speciality Chemical Ltd. (India), Neptune Hydrocarbons (India), Shandong Gude Chemical Co.Ltd. (China), DEZA A.S. (CZECH REPUBLIC), Nippon Steel & Sumikin Chemical Co. (Japan), Hengshui Zehao Chemicals Co. (China), and China Steel Chemical Corporation (China) dominate the coal tar pitch market.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................... 16
2 MARKET INTRODUCTION ............................................................................................................ 19
2.1 DEFINITION .................................................................................................................................................................. 19
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 19
2.3 RESEARCH OBJECTIVE ............................................................................................................................................ 19
2.4 MARKET STRUCTURE .............................................................................................................................................. 20
3 RESEARCH METHODOLOGY ...................................................................................................... 21
3.1 OVERVIEW .................................................................................................................................................................... 21
3.2 DATA FLOW .................................................................................................................................................................. 23
3.2.1 Data Mining Process ....................................................................................................................................... 24
3.3 PURCHASED DATABASE: ......................................................................................................................................... 25
3.4 SECONDARY SOURCES: ............................................................................................................................................ 26
3.4.1 Secondary Research data flow: ........................................................................................................................ 27
3.5 PRIMARY RESEARCH: ............................................................................................................................................... 28
3.5.1 Primary Research DATA FLOW: ....................................................................................................................... 29
3.5.2 Primary Research: Number of Interviews conducted ........................................................................................ 30
3.5.3 Primary Research: Regional Coverage ............................................................................................................. 30
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ...........................................................................................31
3.6.1 Consumption & Net Trade Approach ................................................................................................................ 31
3.6.2 Revenue Analysis Approach ............................................................................................................................ 31
3.7 DATA FORECASTING................................................................................................................................................. 32
3.7.1 Data forecasting Technique ............................................................................................................................ 32
3.8 DATA MODELING ........................................................................................................................................................ 33
3.8.1 microeconomic factor analysis: ....................................................................................................................... 33
3.8.2 Data modeling: ............................................................................................................................................... 33
3.9 TEAMS AND ANALYST CONTRIBUTION ........................................................................................................... 35
4 MARKET DYNAMICS .................................................................................................................... 37
4.1 INTRODUCTION ........................................................................................................................................................... 37
4.2 DRIVERS ......................................................................................................................................................................... 37
4.2.1 Growth in Aluminum Productio ........................................................................................................................ 37
4.2.2 Expansion of Carbon Fiber and Graphite Markets ............................................................................................. 37
4.3 RESTRAINTS ................................................................................................................................................................ 39
4.3.1 Environmental and Health Concerns ................................................................................................................ 39
4.3.2 Declining Coal Industry ................................................................................................................................... 39
4.4 OPPORTUNITY ............................................................................................................................................................. 40
4.4.1 Growth in Electric Vehicle (EV) and Battery Markets ......................................................................................... 40
4.5 IMPACT ANALYSIS OF COVID-19 .......................................................................................................................... 41
4.6 IMPACT OF RUSSIA-UKRAINE WAR ................................................................................................................... 41
5 MARKET FACTOR ANALYSIS ...................................................................................................... 42
5.1 SUPPLY/VALUE CHAIN ANALYSIS ..................................................................................................................... 42
5.1.1 RAW END-USE Suppliers .................................................................................................................................. 42
5.1.1.1 Coal ....................................................................................................................................................... 42
5.1.1.2 Petroleum .............................................................................................................................................. 42
5.1.2 Coal Tar Distillation and Refining: .................................................................................................................... 42
5.1.2.1 Coal Tar Processing ............................................................................................................................... 42
5.1.2.2 Refining ................................................................................................................................................. 42
5.1.3 Manufacturing and Application: ....................................................................................................................... 42
5.1.3.1 Aluminum Production ............................................................................................................................. 42
5.1.3.2 Graphite and Carbon Fiber Production ..................................................................................................... 42
5.1.4 End Users/Industries: ..................................................................................................................................... 43
5.1.4.1 Aluminum Industry ................................................................................................................................. 43
5.1.4.2 Battery Manufacturing ............................................................................................................................ 43
5.1.4.3 Carbon Fiber Production ......................................................................................................................... 43
5.1.4.4 Construction and Infrastructure ............................................................................................................... 43
5.1.5 Logistics and Distribution: .............................................................................................................................. 43
5.1.5.1 Transport of Raw End-Uses ..................................................................................................................... 43
5.1.5.2 Transportation of Finished Products ........................................................................................................ 43
5.1.6 End-Use Manufacturing and Recycling: ............................................................................................................ 43
5.1.6.1 Recycling ............................................................................................................................................... 43
5.1.6.2 New Technologies .................................................................................................................................. 43
5.1.7 Challenges in the Supply Chain: ....................................................................................................................... 43
5.1.7.1 Environmental Regulations ...................................................................................................................... 43
5.1.7.2 Geopolitical Risks ................................................................................................................................... 43
5.1.8 Market Demand and Pricing Fluctuations: ........................................................................................................ 44
5.1.8.1 Market Fluctuations ................................................................................................................................ 44
5.1.8.2 Sustainability Concerns .......................................................................................................................... 44
5.2 PORTER’S FIVE FORCES MODEL ........................................................................................................................... 44
5.2.1 Threat of New Entrants ................................................................................................................................... 45
5.2.2 Threat of Substitutes ...................................................................................................................................... 45
5.2.3 Bargaining Power of Suppliers ......................................................................................................................... 45
5.2.4 Bargaining Power of Buyers ............................................................................................................................ 46
5.2.5 Intensity of Rivalry .......................................................................................................................................... 46
5.3 PESTLE ANALYSIS ..................................................................................................................................................... 47
5.3.1 Political Factors ............................................................................................................................................. 47
5.3.2 Economic Factors: .......................................................................................................................................... 47
5.3.3 Social Factors: ............................................................................................................................................... 47
5.3.4 Technological Factors: .................................................................................................................................... 48
5.3.5 Legal Factors: ................................................................................................................................................ 48
5.3.6 Environmental Factors: ................................................................................................................................... 48
5.4 TECHNOLOGY ADVANCEMENTS ......................................................................................................................... 48
5.4.1 Improved Coking and Distillation Processes ..................................................................................................... 48
5.4.2 Cleaner Production and Environmental Technologies: ....................................................................................... 49
5.4.3 Sustainable Alternatives and Bio-Based Pitch: .................................................................................................. 49
5.4.4 Digitalization and Process Optimization: .......................................................................................................... 49
5.4.5 Recycling and Circular Economy Practices: ...................................................................................................... 49
5.5 REGULATORY FRAMEWORK ................................................................................................................................. 50
5.6 COAL TAR ...................................................................................................................................................................... 50
5.7 ALUMINIUM ................................................................................................................................................................. 51
5.8 COAL TAR ...................................................................................................................................................................... 51
5.9 ALUMINIUM ................................................................................................................................................................. 51
5.10 COAL TAR PITCH ........................................................................................................................................................ 51
6 GLOBAL COAL TAR PITCH MARKET, BY GRADE ...................................................................... 53
6.1 INTRODUCTION ........................................................................................................................................................... 53
6.1.1 Aluminium Grade ............................................................................................................................................ 53
6.1.2 Graphite Grade Coal Tar Pitch (GCTP).............................................................................................................. 53
6.1.3 Special Grade ................................................................................................................................................. 54
7 GLOBAL COAL TAR PITCH MARKET, BY APPLICATION ........................................................... 57
7.1 INTRODUCTION ........................................................................................................................................................... 57
7.1.1 Aluminium Smelting ........................................................................................................................................ 57
7.1.2 Graphite Electrodes ........................................................................................................................................ 58
7.1.3 Roofing .......................................................................................................................................................... 58
7.1.4 Carbon Fiber................................................................................................................................................... 59
7.1.5 Refractories ................................................................................................................................................... 60
7.1.6 others ............................................................................................................................................................ 60
8 GLOBAL COAL TAR PITCH MARKET, BY REGION ..................................................................... 63
8.1 INTRODUCTION ........................................................................................................................................................... 63
8.1.1 North America ................................................................................................................................................ 63
8.1.1.1 US ......................................................................................................................................................... 66
8.1.1.2 Canada .................................................................................................................................................. 67
8.1.1.3 Mexico .................................................................................................................................................. 68
8.1.2 EUROPE ......................................................................................................................................................... 70
8.1.2.1 Germany ................................................................................................................................................ 71
8.1.2.2 UK ......................................................................................................................................................... 73
8.1.2.3 France ................................................................................................................................................... 74
8.1.2.4 Italy ....................................................................................................................................................... 76
8.1.2.5 Spain ..................................................................................................................................................... 77
8.1.2.6 Rest Of Europe ....................................................................................................................................... 79
8.1.3 ASIA-PACIFIC ................................................................................................................................................. 80
8.1.3.1 Japan .................................................................................................................................................... 82
8.1.3.2 China ..................................................................................................................................................... 83
8.1.3.3 India ...................................................................................................................................................... 85
8.1.3.4 Australia ................................................................................................................................................ 86
8.1.3.5 Rest Of Asia Pacific ................................................................................................................................ 87
8.1.4 SOUTH AMERICA ............................................................................................................................................ 89
8.1.4.1 Brazil ..................................................................................................................................................... 90
8.1.4.2 Colombia ............................................................................................................................................... 92
8.1.4.3 Rest of South America ............................................................................................................................ 93
8.1.5 Middle East & Africa ....................................................................................................................................... 95
8.1.5.1 South Africa ........................................................................................................................................... 96
8.1.5.2 GCC Countries ........................................................................................................................................ 98
8.1.5.3 Rest of Middle East and Africa ................................................................................................................ 99
9 COMPETITIVE LANDSCAPE ........................................................................................................ 101
9.1 INTRODUCTION ........................................................................................................................................................... 101
9.2 MARKET SHARE ANALYSIS, 2023 ....................................................................................................................... 101
10 COMPANY PROFILES .................................................................................................................. 102
10.1 3 M COMPANY ............................................................................................................................................................. 102
10.2 RAIN CARBON INC ..................................................................................................................................................... 102
10.2.1 COMPANY OVERVIEW ..................................................................................................................................... 102
10.2.2 PRODUCTS OFFERed....................................................................................................................................... 102
10.2.3 SWOT ANALYSIS ............................................................................................................................................ 103
10.2.4 Key Strategy ................................................................................................................................................... 103
10.3 MITSUBISHI CHEMICAL CARBON FIBER AND COMPOSITES (MCCFC) ................................................... 105
10.3.1 COMPANY OVERVIEW ..................................................................................................................................... 105
10.3.2 PRODUCTS OFFERed....................................................................................................................................... 106
10.3.3 SWOT ANALYSIS ............................................................................................................................................ 106
10.3.4 Key Strategy ................................................................................................................................................... 107
10.4 HIMADRI SPECIALITY CHEMICAL LTD .............................................................................................................. 108
10.4.1 COMPANY OVERVIEW ..................................................................................................................................... 108
10.4.2 PRODUCTS OFFERed....................................................................................................................................... 109
10.4.3 SWOT ANALYSIS ............................................................................................................................................ 109
10.4.4 Key Strategy ................................................................................................................................................... 110
10.5 DEZA A.S ........................................................................................................................................................................ 111
10.5.1 COMPANY OVERVIEW ..................................................................................................................................... 111
10.5.2 PRODUCTS OFFERed....................................................................................................................................... 112
10.5.3 SWOT ANALYSIS ............................................................................................................................................ 113
10.5.4 Key Strategy ................................................................................................................................................... 114
10.6 NIPPON STEEL & SUMIKIN CHEMICAL CO ........................................................................................................ 115
10.6.1 COMPANY OVERVIEW ..................................................................................................................................... 115
10.6.2 FINANCIAL OVERVIEW .................................................................................................................................... 115
10.6.3 PRODUCTS OFFERed....................................................................................................................................... 115
10.6.4 SWOT ANALYSIS ............................................................................................................................................ 116
10.6.5 Key Strategy ................................................................................................................................................... 116
10.7 CHINA STEEL CHEMICAL CORPORATION ......................................................................................................... 118
10.7.1 COMPANY OVERVIEW ..................................................................................................................................... 118
10.7.2 PRODUCTS OFFERed....................................................................................................................................... 118
10.7.3 SWOT ANALYSIS ............................................................................................................................................ 119
10.7.4 Key Strategy ................................................................................................................................................... 119
11 DATA CITATIONS ......................................................................................................................... 121
