Coal Tar Pitch Market Top Players, Global Trends, Business Opportunities and Industry Forecast Report till 2022
“The market is anticipated to expand at a significant CAGR in the upcoming period. The factors that propel the growth of the market include increasing demand, and technological advancement.�
Global coal tar pitch market is anticipated to witness an exponential growth in the forecast period. Coal-tar pitch is the residue of distillation of the coal tar, which is thick black liquid in color. It is mainly used as a base for the paving, roofing, and for the base of coatings and paints and as a binder in asphalt products. The factors that propel the growth of the market include growing demand for aluminum across numerous enduse industries such as packaging, automotive and others, increasing demand, technological advancement, and coal tar pitch is also progressively being used as a roofing material. On the other hand, there are factors that may hamper the growth of the market including the use of substitute materials such as thermoplastic olefin (TPO). The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Get Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/coal-tar-pitch-market-outlook/request-sample The new trend in the coal tar pitch market is emphasis on research and developmental process to drive the effectiveness of the pitch. Manufacturers are concentrating on the reduction of toxicity and improving the durability and longevity of the material. The market could be explored by form, grade, application, and geography. Market could be explored by form as Liquid and Solid. Based on grade, the market could span Special grade, Aluminum grade, and Graphite grade. The key applications that could be explored in the market include Lining of the blast furnace, Graphite electrodes, Chemical intermediate, Carbon electrodes, and Roofing.