Coal Tar (CAS 8007-45-2) Market Forecasts, Market Trends and Impact Analysis (2024 - 2031)

The "Coal Tar (CAS 8007-45-2) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Coal Tar (CAS 8007-45-2) market is expected to grow annually by 7.2% (CAGR 2024 - 2031).

This entire report is of 115 pages.

Coal Tar (CAS 8007-45-2) Introduction and its Market Analysis

Coal tar (CAS 8007-45-2) is a dark, viscous liquid byproduct of the production of coke from coal. The global market for coal tar is driven by the increasing demand for coal tar pitch in the aluminum, steel, and construction industries. Major factors driving revenue growth of the coal tar market include the growth of the construction industry and increasing use of coal tar in infrastructure projects. Companies operating in the coal tar market include Baowu Steel Group, Shanxi Coal and Chemical, OCI, Rain Industries Limited, and others. The market report highlights the market trends, growth opportunities, and recommendations for companies operating in this sector.

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Coal Tar, also known as CAS 8007-45-2, is a valuable product in the market with various types such as High Temperature Coal Tar, Medium Temperature Coal Tar, and Low Temperature Coal Tar. Its applications include Carbon Black, Pitch, Wash Oil, and others. The Coal Tar market is segmented based on these types and applications, catering to different industries such as energy, construction, and pharmaceuticals.

Regulatory and legal factors specific to the Coal Tar market include environmental regulations regarding its production and disposal, as well as health and safety standards for workers handling the substance. Market conditions also depend on government policies related to the use of Coal Tar in different industries, which can impact demand and supply.

Overall, the Coal Tar market offers opportunities for growth and innovation, while also presenting challenges in terms of compliance with regulations and market conditions. Companies operating in this market must stay informed about the latest developments in order to make strategic decisions and ensure sustainable growth.

Top Featured Companies Dominating the Global Coal Tar (CAS 8007-45-2) Market

The global coal tar market is highly competitive with several key players operating in the industry. Some of the prominent companies in the market include Baowu Steel Group, Shanxi Coal and Chemical, OCI, Rain Industries Limited, Huanghua Xinnuo Lixing, JFE Chemical, Sunlight Coking, Baoshun, Koppers, POSCO, Ansteel, Himadri Chemicals & Industries, Jiangxi Black Cat, Nippon Steel & Sumitomo Metal, and Mitsubishi Chemical. These companies play a significant role in the growth of the coal tar market by utilizing coal tar (CAS 8007-45-2) as a key raw material in various applications such as production of carbon black, specialty chemicals, and construction materials.

Baowu Steel Group, for example, is one of the largest steel producers in China and uses coal tar as a by-product in their steel manufacturing process. Shanxi Coal and Chemical, on the other hand, is a leading coal chemical company that produces a wide range of products from coal tar, including dyes, pharmaceuticals, and synthetic resins. Rain Industries Limited, headquartered in India, is a key player in the global coal tar pitch market and produces high-quality coal tar pitch for aluminum and graphite industries.

These companies help to grow the coal tar market by developing innovative products, expanding their production capacities, and establishing strong distribution networks. The sales revenue of some of the above-listed companies reflects their market dominance - for example, Baowu Steel Group reported a revenue of over $60 billion in 2020, while Rain Industries Limited reported a revenue of around $3 billion in the same year.

Overall, these companies play a crucial role in driving the growth of the coal tar market by leveraging their expertise, resources, and technological advancements to meet the increasing demand for coal tar and its derivatives worldwide.

• Baowu Steel Group
• Shanxi Coal and Chemical
• OCI
• Rain Industries Limited
• Huanghua Xinnuo Lixing
• JFE Chemical
• Sunlight Coking
• Baoshun
• Koppers
• POSCO
• Ansteel
• Himadri Chemicals & Industries
• Jiangxi Black Cat
• Nippon Steel & Sumitomo Metal
• Mitsubishi Chemical

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Coal Tar (CAS 8007-45-2) Market Analysis, by Type:

• High Temperature Coal Tar
• Medium Temperature Coal Tar
• Low Temperature Coal Tar

High temperature coal tar has a softening point above 500°C and is used for the production of carbon materials, electrodes, and refractory products. Medium temperature coal tar has a softening point between 300-500°C and is mainly used for the production of coal tar pitch and chemicals. Low temperature coal tar has a softening point below 300°C and is used for the production of road construction materials and wood preservatives. The availability of different types of coal tar with specific properties helps in meeting a wide range of industrial needs, thus boosting the demand for coal tar in the market.

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Coal Tar (CAS 8007-45-2) Market Analysis, by Application:

• Carbon Black
• Pitch
• Wash Oil
• Other

Coal Tar (CAS 8007-45-2) is used in various applications such as carbon black production for tires and automotive parts, pitch for electrodes in aluminum smelting, wash oil for odor control and disinfectant production, and other purposes like wood preservatives and dyes. The fastest growing application segment in terms of revenue is carbon black, as the demand for high-quality tires and rubber products continues to increase globally. Coal tar's versatility and cost-effectiveness make it a valuable resource in multiple industries, driving its popularity in these applications.

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Coal Tar (CAS 8007-45-2) Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Coal Tar (CAS 8007-45-2) market is expected to experience significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Asia-Pacific is expected to dominate the market with a market share percentage valuation of approximately 40%, followed by North America at 25% and Europe at 20%. Latin America and Middle East & Africa are also expected to contribute to the growth of the market.

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