Coal Tar Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR41354
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The coal tar market size will grow up to USD 1.22 bn at a CAGR of 1.93% during 2021-2025.

The coal tar market report extensively covers market segmentations by Application (Coal tar processing, Carbon black, and Others) and Geography (APAC, Europe, North America, MEA, and South America) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Coal Tar Market Size be in 2021?

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Coal Tar Market: Key Drivers and Trends

According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the demand for coal tar products from the healthcare sector are notably supporting the coal tar market growth. However, one of the foremost factors impeding market growth is . Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This coal tar market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Coal Tar Market Vendors?

The coal tar market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

  • Coopers Creek Chemical Corp.
  • Italiana Coke Srl
  • METINVEST HOLDING LLC
  • Neelachal Ispat Nigam Ltd.
  • Nippon Steel Corp.
  • POSCO
  • Tata Steel Ltd.
  • thyssenkrupp AG
  • voestalpine AG
  • Zentralkokerei Saar GmbH

The coal tar market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The coal tar market is fragmented and is expected to provide favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

For insights on complete key vendor profiles, download a free sample of the coal tar market forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

Which are the Key Regions for Coal Tar Market?

Coal Tar Market Share by Geography

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93% of the market’s growth will originate from APAC during the forecast period. China, Japan, Russian Federation, South Korea (Republic of Korea), and India are the key markets for coal tar market in APAC.

APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. drivers.2 has been identified as one of the chief factors that will drive the coal tar market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Coal Tar Market?

Coal Tar Market Share by Application

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The coal tar market share growth by the __ segment has been significant. The coal tar market report provides comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the coal tar market size.

Coal Tar Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 1.93%

Market growth 2021-2025

USD 1.22 billion

Market structure

Fragmented

YoY growth (%)

1.71

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 93%

Key consumer countries

China, Japan, Russian Federation, South Korea (Republic of Korea), and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Coopers Creek Chemical Corp., Italiana Coke Srl, METINVEST HOLDING LLC, Neelachal Ispat Nigam Ltd., Nippon Steel Corp., POSCO, Tata Steel Ltd., thyssenkrupp AG, voestalpine AG, and Zentralkokerei Saar GmbH

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Coal Tar Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive coal tar market growth during the next five years
  • Precise estimation of the coal tar market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the coal tar market across APAC, Europe, North America, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of coal tar market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The coal tar market growth will increase by $1167.45 million during 2019-2024.
The coal tar market is expected to grow at a CAGR of 1.89% during 2019-2024.
Technavio has segmented the coal tar market by application (Coal tar processing, Carbon black, and Others) ,distribution channel (Offline and Online) , and geographic (APAC, Europe, North America, and South America).
ArcelorMittal, British Steel Ltd., Nippon Steel Corp., PJSC AVDIIVKA COKE, PJSC Magnitogorsk Iron and Steel Works, PJSC NLMK, POSCO, Sumitomo Metal Mining Co. Ltd., Tata Steel Ltd., voestalpine AG are a few of the key vendors in the coal tar market.
APAC will register the highest growth rate of 95.63% among the other regions. Therefore, the coal tar market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • Japan
  • Russian Federation
  • South Korea (Republic of Korea)
  • India
The key factors driving the coal tar market growth are:
  • Demand for coal tar products from the healthcare sector
  • Rise in use of mobile devices
The coal tar market vendors should focus on grabbing business opportunities from the coal tar processing segment as it accounted for the largest market share in the base year.
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