Market Overview:
The global tar market is expected to grow at a CAGR of 3.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tar in chemical, medical, and road applications. Tar is also used as a fuel for heating and cooking purposes. North America dominates the global tar market, followed by Europe and Asia Pacific.
Product Definition:
Tar is a black, sticky, viscous liquid obtained by the destructive distillation of coal. It is used in roofing, as an adhesive for making bricks, and as a sealant for preventing leaks in roofs and pipes.
Birch Tar:
Birch Tar is a natural resource, which is extracted from the trees during the process of felling and limbing. The by-products thus obtained are known as birch tar or sometimes referred to as wood tar. It has been found that this product possesses properties such as anti-inflammatory, anti-bacterial & antifungal agents which in turn helps in treating several skin diseases and infections including athlete's foot, ringworm, psoriasis & eczema among others.
Coal Tar:
Coal tar is a black, viscous liquid that is produced on a large scale from coal mines. It has high demand in the manufacturing of roofing tiles, coatings, and road-marking substances. Coal tar is also used as an adhesive for wood or wood chips to produce charcoal. The major function of coal tar includes protecting the roofs from rainwater and UV rays; it also prevents the penetration of water through the roof which leads to dampness inside houses.
Application Insights:
The chemical segment led the global tar market in 2017 and is anticipated to witness significant growth over the forecast period. The segment will retain its dominant position throughout the forecast years due Tar Sands, which are a major source of pitch, coal and pine tars used in manufacturing chemicals. Increasing demand for these products from various end-use industries including oil & gas, construction materials and pharmaceuticals have significantly contributed to their dominance over other applications globally.
Chemical manufacturers require large quantities of raw material as well as processed product for manufacturing different chemicals such as fertilizers, pesticides along with other industrial products like polymers & resins that are widely utilized across several end-use industries globally.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth on account of increasing demand from end-use industries, such as paints & coatings, automotive and construction. China led the regional market with a volume share of over 34% in 2017 owing to increased utilization of tar based products due to its high durability and resistance against climatic changes.
The presence of numerous manufacturers coupled with low manufacturing cost has attracted major global suppliers to set up their production facilities in this region which will further boost the product consumption across various applications. For instance, In January 2018, Nippon Paint Holdings Co., Ltd established a new manufacturing plant for coal tars at Itsukushima village near Miyazaki city in Japan which is anticipated to propel product consumption within Asia Pacific region over the forecast period.
North America emerged as one of the prominent consumers owing to growing demand from end-use industries including medical.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and packaging.
- Rapid urbanization and industrialization in developing countries such as China and India.
- Growing use of tar in asphalt pavements for road construction projects worldwide.
- Rising prices of crude oil, which is the key raw material for tar production process.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tar Market Research Report
By Type
Birch Tar, Coal Tar, Pine Tar, Pitch Tar, Others
By Application
Chemical, Medical, Road, Others
By Companies
Crowley Chemical Company, Jalan Carbons & Chemicals, Baoshun Chemicals, Aminco Resources
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Tar Market Report Segments:
The global Tar market is segmented on the basis of:
Types
Birch Tar, Coal Tar, Pine Tar, Pitch Tar, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical, Medical, Road, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Crowley Chemical Company
- Jalan Carbons & Chemicals
- Baoshun Chemicals
- Aminco Resources
Highlights of The Tar Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Birch Tar
- Coal Tar
- Pine Tar
- Pitch Tar
- Others
- By Application:
- Chemical
- Medical
- Road
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tar Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tar is a sticky black substance that is used as an adhesive and sealant.
Some of the key players operating in the tar market are Crowley Chemical Company, Jalan Carbons & Chemicals, Baoshun Chemicals, Aminco Resources.
The tar market is expected to grow at a compound annual growth rate of 3.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tar Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tar Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tar Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tar Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tar Market Size & Forecast, 2018-2028
4.5.1 Tar Market Size and Y-o-Y Growth
4.5.2 Tar Market Absolute $ Opportunity
Chapter 5 Global Tar Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tar Market Size Forecast by Type
5.2.1 Birch Tar
5.2.2 Coal Tar
5.2.3 Pine Tar
5.2.4 Pitch Tar
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tar Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tar Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Medical
6.2.3 Road
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tar Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tar Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tar Analysis and Forecast
9.1 Introduction
9.2 North America Tar Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tar Market Size Forecast by Type
9.6.1 Birch Tar
9.6.2 Coal Tar
9.6.3 Pine Tar
9.6.4 Pitch Tar
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tar Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Medical
9.10.3 Road
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tar Analysis and Forecast
10.1 Introduction
10.2 Europe Tar Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tar Market Size Forecast by Type
10.6.1 Birch Tar
10.6.2 Coal Tar
10.6.3 Pine Tar
10.6.4 Pitch Tar
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tar Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Medical
10.10.3 Road
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tar Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tar Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tar Market Size Forecast by Type
11.6.1 Birch Tar
11.6.2 Coal Tar
11.6.3 Pine Tar
11.6.4 Pitch Tar
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tar Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Medical
11.10.3 Road
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tar Analysis and Forecast
12.1 Introduction
12.2 Latin America Tar Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tar Market Size Forecast by Type
12.6.1 Birch Tar
12.6.2 Coal Tar
12.6.3 Pine Tar
12.6.4 Pitch Tar
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tar Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Medical
12.10.3 Road
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tar Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tar Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tar Market Size Forecast by Type
13.6.1 Birch Tar
13.6.2 Coal Tar
13.6.3 Pine Tar
13.6.4 Pitch Tar
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tar Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Medical
13.10.3 Road
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tar Market: Competitive Dashboard
14.2 Global Tar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crowley Chemical Company
14.3.2 Jalan Carbons & Chemicals
14.3.3 Baoshun Chemicals
14.3.4 Aminco Resources
