Coal Tar Pitch Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2026
Coal tar pitch is the residue left after the distillation of coal tar. As the mixture is heated, various constituents distillate such as light oils (benzene, toluene etc.), middle oils (carbolic acid) and heavy oils, the residue is known as coal tar pitch. Coal tar pitch is primarily used for the manufacture of carbon and graphite electrodes, used in the aluminum and steel arc furnaces. It is used as a binder in the aluminum smelting process. Coal tar pitch is also used as a component to manufacture activated carbon, carbon refractory blast furnace linings and roofing applications. Coal tar pitch is also known as carbon pitch or binder pitch. Coal tar pitch is a complex mixture of hydrocarbons and has excellent binding properties. There are a number of benefits of using coal tar pitch majorly low volatile content, good wettability, high tensile strength, high fixed carbon, and low toxicity.
Global Coal Tar Pitch Market: Dynamics
The growing demand for aluminum across various end-use industries such as automotive, packaging and others is projected to drive the demand for coal tar pitch for the aluminum smelting process. Coal tar pitch is being used for the manufacture of electrodes, which can withstand high temperature in the aluminum smelting process and the furnaces in the steel industry.
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Coal tar pitch is also increasingly being used as a roofing material due to its excellent water proofing ability, moreover, the use of coal tar pitch has also reduced the overall maintenance costs, and it self-repairs any cracks developed due to fluctuations in temperature.
One of the major factors restraining the market demand for coal tar pitch is the use of alternative materials such as thermoplastic olefin (TPO), which is highly durable and can withstand wear and tear and other environmental impacts.
One of the recent trend observed in the global coal tar pitch market is the focus on research and development of processes to improve the efficiency of the pitch. Manufacturers are focusing on reduction of toxicity and improving the longevity and durability of the material.
Another major trend observed in the global coal tar pitch market for roofing applications is the use of coal tar along with other raw materials in combination that provides strength, durability and other benefits of the hybrid materials.
Global Coal Tar Pitch Market: Segmentation
The global coal tar pitch market can be segmented on the basis of form, grade, application and region.
On the basis of form, the global coal tar pitch is segmented as:
On the basis of grade, the global coal tar pitch market can be segmented as:
On the basis of application, the global coal tar pitch market can be segmented as:
Lining of blast furnace
Global Coal Tar Pitch Market: Regional Outlook
The global coal tar pitch is projected to be dominated by Asia Pacific region, particularly China, due to rising aluminum production that requires coal tar for the production of electrodes for the smelting process. There has also been an increase in use of coal tar pitch in the steel industry with the growing demand for graphite electrodes, which can withstand high temperature and intense heat. With the significant growth in the steel and aluminum industries, India is also projected to witness significant rise in the demand for coal tar pitch. Other regions such as North America and Europe are also expected to hold significant share in the global coal tar pitch market and are projected to witness moderate growth over the forecast period. Regions such as Latin America, with decreasing aluminum production is projected to witness sluggish growth over the forecast period. Middle East and Africa is projected to remain low volume-high growth region over the forecast period.
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Global Coal Tar Pitch Market Participants
Examples of some of the key participants identified across the value chain of global ballast tank corrosion inhibitors market are:
NGP Industries Ltd
Himadri Specialty Chemicals Ltd.
Neelachal Ispat Nigam limited
National Aluminum Company Limited(Nalco)
Crowley Chemical Company, Inc.
China Steel Chemical Corporation
Hengshui Zehao Chemicals Co., Ltd.
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