1 March, 2019: Coal
Tar Market Research Report
Provides In-Depth Analysis by Scope, Growth Rate, Driving Factors,
Competitive Situation, Top Manufacturers and Upcoming Trends. Coal Tar Market
report split global into several key Regions which mainly includes Market
Overview, Table of Content, List of Figures and Applications. Coal Tar Market Growing at Higher CAGR Rate
of XX% in 2018-2025.
Global Coal Tar Market is
predicted to grow significantly in the forecast period owing to the increasing
applications of coal tar in medical & industrial segment and sealing of
roads. Coal tar is basically a thick liquid and a byproduct of the formation of
coal gas and coke from coal. Coal tar is used in combination with ultraviolet
light therapy. It is also used as medication on the skin to cure flaking,
itching, and scaling due to disorders like seborrheic dermatitis or psoriasis.
Medically, coal tar is a drug called ‘keratoplastics’ and works by shedding
dead cells of the top layer and reduces the growing of the skin cells. This
reduces scaling & dryness and reduces itching from the skin disorders.
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Coal Tar Market Segment
Key Applications
• Chemical Processing
• Carbon Black
Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Vendors
• AM
• Erdemir
• EVRAZ
• Metinvest
• Other
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The rising demand in the medical and industrial sector,
and sealing of public roads are majorly driving the growth of coal tar market.
Tar cannot be efficiently used in the extracted state since it is normally
heated at high temperatures for the particular application. High cost of
heating furnace is not affordable by the end users which hampers the growth of
coal tar market. Nevertheless, increase in industrial applications like
production of gasoline oil and diesel through in-power generation and
high-pressure hydrogenation for heating boilers is predicted to boost worldwide
demand for coal tar in future, thereby driving the coal tar market.
The market is categorized on the basis of product,
applications, end user and geography. On the basis of product, market is
divided into high temperature coal tar, medium temperature coal tar, and low
temperature coal tar. Based on application, market is split into pitch, pine
tar, birch tar, carbon black, wash oil and others. On the basis of end user,
market is divided into pavement sealcoats, medical industries and other
sectors. Geographically, market is segmented as North America, Europe, Asia
Pacific, and RoW (Rest of the World). North America, especially Canada is
predicted to hold larger market for coal tar market due to extensive industrial
use.
The key players in coal tar market include Baowu Steel
Group, OCI, Baoshun, JFE Chemical, Koppers, Himadri Chemicals & Industries,
Huanghua Xinnuo Lixing, POSCO, Rain Industries Limited, Sunlight Coking, Nippon
Steel & Sumitomo Metal, and Shanxi Coal and Chemical.
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