and other regions, for EAF steel production is projected to further boost the global coal tar pitch
market.
The special grade segment accounts for relatively smaller share in the global coal tar pitch market
and find usage in roofing, road pavements, lithium ion batteries and as chemical intermediate
for the production of carbon black and a number of other applications.
Global Coal Tar Pitch Market Analysis by Region
From a regional perspective, China is projected to hold leading share in the global market.
Aluminum production in China has grown significantly; China now represents more than 50%
share in the global aluminum production. China is also the major producer of graphite electrode.
Both of these factors are anticipated to fuel the coal tar pitch market in China. Production of
aluminum through smelting is an energy intensive process and a shift of production plants to
Middle East and Europe is leading to increased demand for coal tar pitch in these regions. APEC,
predominantly India, has also witnessed noteworthy growth in aluminum production and thus,
is projected to witness significant demand for coal tar pitch. North America has witnessed
sluggish growth in coal tar pitch but is projected to recover in the coming years. Latin America,
majorly Mexico, has witnessed significant growth in coal tar pitch consumption to cope with
growing demand from the aluminum industry.
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7186
Key Players Dominating the Global Coal Tar Pitch Market
Examples of some of the key competitors covered in this report are Koppers Inc., Shandong Gude
Chemical Co., Ltd, Coopers Creek Chemical Corporation, Himadri Specialty Chemicals Ltd., Rain
Industries Limited, ., Shanghai Baosteel Chemical Co. Ltd., JFE Holdings, Inc., Nippon Steel &
Sumikin Chemical Co., Ltd., Shanxi Coking Company, Neptune Hydrocarbons, Bathco Ltd., China
Steel Chemical Corporation, Hengshui Zehao Chemicals Co., Ltd. and Crowley Chemical Company,
Inc, amongst others.
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