14 January 2019: Global
Coal-Tar Pitch Market is expected to grow at a significant CAGR
in the upcoming years as the scope, product types, and its applications are
increasing across the globe. 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 roofing, paving, and for the base of coatings and paints and as a
binder in asphalt products. Both - coal tar and coal-tar pitch comprise many
chemical compounds, counting carcinogens such as benzene.
Loid Pitch is black solid material at room temperature,
comprises a complex mixture of typically aromatic hydrocarbons and displays
unresolved properties as binder for anodic use in Aluminum melting industry.
The Coal tar pitch is hard, brittle, and soft substance that includes mainly
aromatic resinous complexes along with aromatic and the other hydrocarbons and
their derivatives it is mostly used as road tar waterproofing roofs and the
other structures and to make electrodes. Coal-Tar Pitch Market is categorized
based on product type, applications, and geography. Coal-Tar Pitch Industry is
categorized based on product types such as Low-temperature Coal-Tar Pitch,
Medium-temperature Coal-Tar Pitch, High-temperature Coal-Tar Pitch. Coal-Tar
Pitch Market is categorized based on applications into Construction, Coating,
Electrode, Pitch Coke, Asphaltic Felt.
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Coal-Tar Pitch Market is categorized based on geography into
Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle
East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S.,
Canada), Latin America (Brazil, Rest of Latin America), Western Europe
(Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern
Europe (Poland, Russia, Rest of Eastern Europe).
Some of the key players that fuel the growth of the Coal-Tar
Pitch Market include Gautam Zen International, Elkem, Rain Carbon, Sojitz JECT
Corporation, Konark Tar Products,Konark Tar Products Pvt. Ltd, Himadri, CAREX
Canada, The Garland Company, Kedia Carbon Pvt. Ltd, Bhilai Cement. The key
players are focusing on inorganic growth to sustain themselves amidst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
Market Segment:
Top Manufacturers-
• Elkem
• Himadri
• The Garland Company
• Other
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