Global Coal Tar Pitch Market Is Valued At 3590 Million US$ In 2017

Coal-tar pitch is a thick black liquid that remains after the distillation of coal tar. It is used as a base for coatings and paint, in roofing and paving, and as a binder in asphalt products. Both coal tar and coal-tar pitch contain many chemical compounds, including carcinogens such as benzene.

The global sales of Coal Tar Pitch are from 9947 K MT in 2013 to 8856 K MT in 2017. In 2017, the global Coal Tar Pitch sales market was led by China and USA major manufacturers’ activities of Coal Tar Pitch are RuTGERS, JFE, Koppers Industries, Shanghai Baosteel,Shanxi Coking,Wugang Coking are the China sales leader.

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Coal Tar Pitch downstream are wide, and the major fields are Aluminum Industry, Graphite Electrodes, Roofing etc. In recent years, social economy has developed rapidly. For demand market of Coal Tar Pitch, there is also a certain space in the next few years, especially in the Chinese market which is increasing with the rapid development of downstream industry.

The entire market is dominated by several giants. They all have a mature sales network. So the entire market is trending toward direct sales or their agents, rather than using distributors. This is observed even more acutely among foreign suppliers, who historically relied more heavily on distributor companies. But for other small manufacturers, distribution is still an important channel to expand the market. For example, Chinese enterprises are a typical example.

We tend to believe this industry is a mature industry, and the consumption increasing degree will show a steady growth curve from 2017. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.

The global Coal Tar Pitch market is valued at 3590 million US$ in 2017 and will reach 3950 million US$ by the end of 2025, growing at a CAGR of 1.2% during 2018-2025.

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