Automotive & Transportation Market Insights Coal Tar Pitch Market | Page 2

Ongoing developments, such as shut down of coal tar pitch production facilities by top manufacturer Koppers Inc., have also been covered in this report. The major trends in the Coal Tar Pitch market have also been studied thoroughly and been validated by industry experts. Recent market trends, such as development of environmental friendly coal tar pitch and development of Zero QI impregnating pitch to enhance the life and performance of electrodes, have also been covered in detail in the report. The manufacturers are entering into long-term partnerships with coal tar suppliers to ensure backward integrated supply. Moreover, coal tar pitch manufacturers are collaborating with global aluminum smelters and graphite electrode manufacturers to ensure a continuous and reliable supply of coal tar pitch. Global Coal Tar Pitch Market Analysis by Form In terms of form, the global coal tar pitch market is anticipated to be dominated by the liquid form throughout the forecast period. Most of the aluminum smelters uses coal tar pitch in liquid form owing to the occupational health and safety concerns. Global Coal Tar Pitch Market Analysis by Grade In terms of grade, the global Coal Tar Pitch market is anticipated to be dominated by aluminum grade coal tar pitch. The use of coal tar pitch in the aluminum production industry accounts for ~80% share. The use of coal tar pitch for the manufacturing of graphite electrode is also anticipated to expand significantly. Growing demand for graphite electrodes, majorly in China