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"Impact Analysis of COVID-19 on Coal Tar Pitch Market Size 2020-2026 by Top Key Player, Revenue, Demand, Technology, Future Growth, and Trend Analysis? Fortune Business Insights "
Posted on Jan 22 2021 6:10 AM
"Coal Tar Pitch Market Size, Share & Industry Analysis By Type (Aluminum Grade, Graphite Grade, Special Grade), By Form (Solid, Liquid), By Application (Graphite Electrode, Carbon Electrode, Roofing & Paving, Paint & Coatings, Others) and Regional Forecast, 2026
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The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role on conducting awareness programs about clean energy. Fortune Business Insights in a report, titled "Coal Tar Pitch " Market Size, Share & Industry Analysis By Type (Aluminum Grade, Graphite Grade, Special Grade), By Form (Solid, Liquid), By Application (Graphite Electrode, Carbon Electrode, Roofing & Paving, Paint & Coatings, Others) and Regional Forecast, 2020-2026 published the above information.
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The coal tar pitch market report executes a PESTEL study and SWOT analysis to reveal the stability, restrictions, openings, and threats in the market. Combined with the market analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the market, and all articulated with geographical and merchandise segments. Moreover, it also shows different procedures and strategies, benefactors and dealers working in the market, explores components convincing market development, generation patterns, and following systems. Additionally, the figures and topics covered in this report are both all-inclusive and reliable for the readers.
Top Players Overview:
- Himadri Speciality Chemicals
- Rain Carbon Inc
- Industrial Química del Nalón S.A
- Koppers Inc.
- DEZA Bilbaína de Alquitranes
- A. (BASA)
- Nagreeka Hydrocarbons (P) Ltd
- Neptune Hydrocarbons Mfg. Pvt. Ltd.
- Ruters Group
- DEZA
- Tar Allaince AM
- Daw Bytom
- Handan Qifeng Carbon Co. Ltd.
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Key Segmental Overview:
1. By Type
- Aluminum Grade
- Graphite Grade
- Special Grade
2. By Form
3. By Application
- Graphite Electrode
- Carbon Electrode
- Roofing & Paving
- Paint & Coatings
- Others
4. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
Booming Automotive and Space Industry to Enhance Business Propects in Asia Pacific
Geographically, the coal pitch tar market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to dominate the coal tar pitch market during the forecast period owing to the rising demand for primary aluminum from the growing automotive, aerospace and space industry. The surge in demand for aluminum and aluminum alloys due to their high strength and low weight in the automotive, aerospace and space industry is also likely to aid the expansion of the market in the region. The advancement in aluminum alloys for better performance is likely to contribute positively to the growth of the market. Worldwide emission regulations on the production of iron and steel have impelled manufacturers to use coal tar pitch as binders. The tariffs on aluminum and steel products by the USA is expected to boost the production of aluminum and steel in USA, which in turn will accelerate the coal tar pitch market share in North America.
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Joint Venture between Puma Energy and Gearbulk to Promote Market Growth
Gearbulk, an international shipping company headquartered in Pfaeffikon, Switzerland, signed a contract with Puma Energy to perform liquid coal tar pitch, asphalt/bitumen, creosote and coal tar transportation deals. The joint venture is designed to deliver a stronger business that will provide the best service possible to existing and new customers in the high heat shipping markets. The partnership between the companies is predicted to bolster healthy growth of the market during the forecast period owing to the advantage of Gearbulk's and Puma Energy's areas of expertise, which will help to improve the capabilities and qualities of shipping services. Furthermore, the rising inclination of government bodies towards curbing carbon emissions is predicted to augment the growth of the market in the forthcoming years. For instance, in 2015, the Indian government made it mandatory for all road developers in the country to use plastic waste for road construction in order to curb carbon emissions. Furthermore, the Noida Authority has decided to construct a road in the city. The 2.5 km long road, using plastic waste, will be constructed between Sector 14A and Film City Flyover. The construction work began on Friday, September 13. Before Noida, cities like Lucknow, Pune, Chennai, Jamshedpur and Indore have also done such construction work. The implementation of new initiatives by the Indian government is expected to spur new opportunities for the coal tar pitch market size.
Key Market Driver Growth of automotive sector
Key Market Restraint Environmental concerns
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Coal Tar Pitch Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Coal Tar Pitch Market.
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The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.
Major Table of Content For Coal Tar Pitch Market:
Introduction Executive Summary Market Dynamics Key Insights Global Coal Tar Pitch Market Analysis, Insights and Forecast, 2026 North America Coal Tar Pitch Market Analysis, Insights and Forecast, 2026 Europe Coal Tar Pitch Market Analysis, Insights and Forecast, 2026 Asia Pacific Coal Tar Pitch Market Analysis, Insights and Forecast, 2026 Middle East and Africa Coal Tar Pitch Market Analysis, Insights and Forecast, 2026 Latin America Coal Tar Pitch Market Analysis, Insights and Forecast, 2026 Competitive Landscape Company Profile Conclusion An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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