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 has the potential to grow by USD 1.22 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 1.93%.

This coal tar market analysis report entails exhaustive statistical qualitative and quantitative data on application (coal tar processing, carbon black, and others) and geography (APAC, Europe, North America, MEA, and South America) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

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. On the other hand, factors such as restrictions on the use of coal tar-based products have been identified as market challenges that limit the growth of market vendors. This report offers detailed insights on the 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 leading companies included 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

 

From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The coal tar market analysis report also contains exhaustive observations on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, to make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy the full coal tar market statistics report to understand the magnitude of the economic impact on each segment and recovery expectations.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the coal tar market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Coal Tar Market?

Coal-Tar-Market-Market-Share-by-Region-2020-2025

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The coal tar market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 93% of the market’s growth will originate from APAC during the forecast period. China, Japan, South Korea (Republic of Korea), and India are the key markets for coal tar in APAC.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The use of coal tar pitch in aluminum smelting will facilitate 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-Market-Share-by-Application-2020-2025

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The coal tar market share growth by the coal tar processing segment has been significant. The coal tar market report provides a 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.

 

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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

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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.

INFORMATION 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

DATA 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

REPORT 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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