Automotive & Transportation Market Insights Coal Tar Pitch Market

Development of Environment Friendly Coal Tar Pitch Trending the Global Market
Over the years, coal tar pitch demand has registered significant growth. The use of coal tar pitch
for the production of electrodes, used in primary aluminum production, accounts for more than
80% share in the global coal tar pitch market demand. The global aluminum production has
witnessed an average growth of 4%-5% in the past years. Primary aluminum production in
countries, such as China, has witnessed exponential growth in the past decade and is further
expected to grow in the coming years. China accounts for 50%-55% share in the global aluminum
production. The greater the production of primary aluminum, the more is the demand for coal
tar pitch. 1 ton of aluminum requires approximately 100 kgs of coal tar pitch during the smelting
process. Therefore, rising demand for aluminum is anticipated to create traction in the global
coal tar pitch market during the forecast period.
The Coal Tar Pitch market has been tracked by evaluating aluminum production and graphite
electrode production across prominent countries. The average amount of coal tar consumed to
produce aluminum or graphite electrode has been tracked to ascertain the global coal tar pitch
market volume consumption.
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The volume consumption of coal tar pitch has further been validated from supply side wherein
coal tar distillation and coal tar pitch production capacities have been tracked to estimate the
global coal tar pitch market. The distillation of coal tar yields 50% coal tar pitch. The market
dynamics have also been covered in detail and factors expected to create an upsurge in demand
have been studied. That apart, major challenges faced by manufacturers have also been covered
in this Coal Tar Pitch report.