Press release
Africa Creosote Oil Market to expand at a CAGR of ~3% to Reach Valuation of ~US$ 44 MN By 2027 | FFS Refiners (Pty) Ltd, ArcelorMittal South Africa Ltd., and Industrial Distillers & Refiners
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Africa Creosote Oil Market: Overview
Creosote is a group of oil-like liquids manufactured from sources such as coal tar, wood tar, and creosote bush. Creosote oil is used in various applications in a wide range of industries.
Coal tar creosote is used as a preservative for timber poles. Wood tar creosote can also be used for the same purpose; however, it is not as effective as coal tar creosote for wood preservation applications. Creosote oil-based on creosote bush is employed in medical applications.
Based on source, the creosote oil market in Africa can be bifurcated into coal tar creosote and wood tar creosote. The coal tar creosote segment is expected to dominate the market in Africa during the forecast period. Growth of the segment can be attributed to properties of coal tar creosote such as weather resistance and termite resistance. In addition, the excellent cost-to-performance ratio of coal tar creosote is expected to drive the demand for coal tar creosote in wood preservation applications in the near future.
The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for the future growth of the creosote oil market in Africa, to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the creosote oil market in Africa will progress during the forecast period of 2019 to 2027.
The report offers intricate dynamics about the different aspects of the creosote oil market in Africa that aids companies operating in the market in making strategic development decisions. TMR’s study also elaborates on the significant changes that are highly anticipated to configure the growth of the creosote oil market in Africa during the forecast period. It also includes a key indicator assessment to highlight the growth prospects of the creosote oil market in Africa, and estimate statistics related to the market progress in terms of value (US$ Thousand) and volume (Tons).
The report mentions the company profiles of key players that are currently dominating the creosote oil market in Africa, wherein, various developments, expansions, and winning strategies practiced and executed by leading players have been presented in detail.
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Key Questions Answered in TMR’s Report on Africa Creosote Oil Market
The report provides detailed information about the creosote oil market on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the creosote oil industry, so as to help them make successful strategies and take target-driven decisions.
Which source is likely to generate the highest revenue by 2027?
Which application segment of the creosote oil in Africa is expected to expand at the fastest pace by the end of 2027?
Which application is the major consumer of creosote oil in Africa?
How much revenue is the creosote oil market in Africa projected to generate by the end of the forecast period?
How are key market players successfully earning revenue out of the advantages of creosote oil?
Which companies operate in the creosote oil market in Africa?
What are the indicators anticipated to drive the creosote oil market in Africa?
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Africa Creosote Oil Market: Segmentation
Creosote Oil Market, by Source
Coal Tar Creosote
Wood Tar Creosote
Creosote Oil Market, by Application
Wood Preservation
Medical
Others (including Chemical, Printing Inks, and Latex Filling)
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