According to the latest study titled ‘Global Coal Tar Pitch Market: Analysis By Application (Aluminium Smelters, Graphite Electrode, Others), By Region, By Country (2018 Edition): Forecast to 2023 - By Region (N.America, Europe and CIS, APAC, S.America, MEA), By Country (U.S, Canada, Russia, Norway, Iceland, China, Australia, India, Brazil, U.A.E, Bahrain)’ available at MarketStudyReport.com, the global coal tar pitch market is estimated to grow with a CAGR of 4.8% through the year 2023.
 

Coal tar pitch is produced as a by-product during the distillation of coal and is a thick black liquid. Factors such as rising economy, increasing disposable income, along with growing awareness regarding use and applications of the product will boost the growth of coal tar pitch market.
 

The study encompasses details about market size based on revenue shares and growth opportunities for individual segments. It analyses the competitive landscape of coal tar pitch market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics covering drivers and restraints is also outlined in the report.
 

Based on the application spectrum, coal tar pitch market is segmented as graphite electrodes, aluminium smelters, and others. The report states that aluminium smelters segment registered a decent growth in the recent past and is presumed to grow in the upcoming years, owing to rise in consumption of aluminium by various industries like construction and automotive sectors.
 

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Considering the geographical landscape, the global coal tar pitch market is fragmented into regions including Europe, North America, Commonwealth of Independent States (CIS), APAC, Middle East & Africa, and South America. As per the study, Asia Pacific coal tar pitch market registered the largest share in 2018, pertaining to expansion of aluminium industry across the region.
 

The key players of coal tar pitch market are Coopers Creek Chemical Company, Rain Industries Limited, Himadri Specialty Chemicals Ltd., Shandong Gude Chemical Co. Ltd, JFE Holdings, Shanxi Coking Company, and Koppers Holdings Inc.