Coal Tar Market to Showcase Vigorous Demand during the Forecast Period 2019-2024

According to the market research report published by BIS Research, the global coal tar market registered a global market revenue of $11.99 billion in 2018 and is projected to reach the sum of $16.54 billion by the end of 2024, with a CAGR of 5.50% during the years 2019-2024. Furthermore, the market is expected to cater to 37.5 million tons by 2024 in terms of production globally.

Read the Coal Tar Market Report Overview at: https://bisresearch.com/industry-report/coal-tar-market.html

Segmented based on application and region, the market analysis report covers the latest market trends, opportunities, competition, and growth scenarios, along with insights, such as key developments and market segmentation. The report further elaborates the supply chain analysis, detailed financial and product contribution of the leading market players that are expected to drive the market in the coming decade.

Due to the increase in demand from downstream industries such as the aluminum and steel industry, and the rise in demand for automotive tires, the global coal tar industry has registered huge growth in the recent years. However, stringent government regulations across the world have capped the growth potential of the global market.

In terms of application, the carbon black oil segment had acquired the largest market share in 2017 and is expected to retain its dominance during 2019-2024. The continuous growth of the automobile market, especially in the field of electric mobility and automotive tires, has driven the demand for carbon black oil in the industry.

On the basis of regional segmentation, the APAC region accounted for the highest revenue generation in 2018. The growth and development of this region are primarily attributed by China, due to its vast production capacity, excessive industrial base, and financial support from the government bodies. In 2018, China produced 12.5 million tons of coal tar and fulfilled the demand generated from its application segments of the domestic market.

Obtain the Sample Report of Coal Tar Market at: https://bisresearch.com/requestsample?id=865&type=download

As an emerging technology market, the global coal tar market is very consolidated and consists of a few keys players operating in the market. The major companies involved in the market include Himadri Specialty Chemical Ltd, POSCO, JFE Holdings, Inc., ArcelorMittal, Lone Star Specialties, LLC, and NIPPON STEEL Chemical & Material Co., Ltd., among others.

Key Questions Answered in the Report:

• What is the estimated global coal tar market size in terms of value and volume from 2017 to 2024, along with the year-on-year growth rates and compound annual growth rate (CAGR) during the forecast period, 2019-2024?

• What are the different applications of coal tar and the growth pattern for each application in terms of value in different countries?

• What are the major countries that provide growth opportunities for the global coal tar market?

• How does the supply-demand scenario of the global coal tar market look like from 2017 to 2024?

• What is the production volume of coal tar of each country, considered in the report?

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BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

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This release was published on openPR.