Market Overview:
The global tar pitch 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 aluminum from end-use industries and the growing graphite electrode industry. In terms of volume, medium temperature tar pitch is expected to dominate the market during the forecast period. Asia Pacific is expected to be the fastest-growing region in terms of revenue during the forecast period.
Product Definition:
Tar Pitch is a black, viscous liquid or semi-solid form of petroleum. It is a residual product of the distillation of crude oil.
Medium Temperature Tar Pitch:
Medium temperature tar pitch is a type of asphalt emulsion, which is manufactured by the thermal processing of bitumen. It has high viscosity and low water content. The product finds application in the construction industry for waterproofing and roofing activities on account of its high resistance to weatherization.
High Temperature Tar Pitch:
High temperature tar pitch is a by-product obtained during the refining process of heavy crude oil. It contains several impurities including sulfur, nitrogen, and other hydrocarbons which are separated out during the purification process. The product has high viscosity and low molecular weight as compared to conventional tar pitch.
The product is used in manufacturing asphalt emulsions mainly for bitumen which is applied in road construction and repair activities across the globe.
Application Insights:
The aluminum industry was the largest application segment in 2017, accounting for over 40% of the global market. The growth can be attributed to increasing demand for aluminum from automotive and construction industries. Aluminum alloys are used in various applications including airframes, engine components, household appliances and transportation vehicles owing to their lightweight properties. These factors are likely to increase product demand in the coming years.
Other major applications include graphite electrodes (for lithium-ion batteries) and roofing (inclination towards low iron content). Increasing production of electric vehicles is expected to drive product consumption during the forecast period as it has high resistance against corrosion when exposed to oxygen or water vapor at elevated temperatures.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for tar pitch from various end-use industries such as construction, automotive, and aerospace. In addition, rising infrastructure activities in emerging economies such as China and India are anticipated to fuel the product demand over the next eight years.
The Asia Pacific was followed by Europe which accounted for a share of 25% in terms of revenue in 2017 owing to high production volume along with growing consumption from several end-use industries including construction sector. However, low temperatures coupled with heavy snowfall have hampered raw material supply resulting into higher prices; thus affecting regional growth prospects negatively since last two quarters of 2018.
North America is projected to witness significant growth on account of rapid expansion plans by major players especially seeking opportunities offered by shale gas reserves across Canada & U S .
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising use of tar pitch in asphalt pavements
- Growing demand for roofing materials made of tar pitch
- Increasing application scope of tar pitch in waterproofing and insulation applications
- Technological advancements that have led to the development of new products based on tar pitch
Scope Of The Report
Report Attributes
Report Details
Report Title
Tar Pitch Market Research Report
By Type
Medium Temperature Tar Pitch, High Temperature Tar Pitch, Low Temperature Tar Pitch, Others
By Application
Aluminum Industry, Graphite Electrodes, Roofing, Other
By Companies
RuTGERS, JFE, Koppers Industries, Coopers Creek, Tangent Rail, Shanghai Baosteel, Shanxi Coking, Wugang Coking, Jining Carbon, Shandong Gude Chemical, Lone Star Specialties, Baoshun, Shandong Weijiao, Xinnuolixing, Risun, Zhongyi
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Tar Pitch Market Report Segments:
The global Tar Pitch market is segmented on the basis of:
Types
Medium Temperature Tar Pitch, High Temperature Tar Pitch, Low Temperature Tar Pitch, 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
Aluminum Industry, Graphite Electrodes, Roofing, Other
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:
- RuTGERS
- JFE
- Koppers Industries
- Coopers Creek
- Tangent Rail
- Shanghai Baosteel
- Shanxi Coking
- Wugang Coking
- Jining Carbon
- Shandong Gude Chemical
- Lone Star Specialties
- Baoshun
- Shandong Weijiao
- Xinnuolixing
- Risun
- Zhongyi
Highlights of The Tar Pitch 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:
- Medium Temperature Tar Pitch
- High Temperature Tar Pitch
- Low Temperature Tar Pitch
- Others
- By Application:
- Aluminum Industry
- Graphite Electrodes
- Roofing
- Other
- 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 Pitch 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 pitch is a tar-like substance that is used as an adhesive.
Some of the major companies in the tar pitch market are RuTGERS, JFE, Koppers Industries, Coopers Creek, Tangent Rail, Shanghai Baosteel, Shanxi Coking, Wugang Coking, Jining Carbon, Shandong Gude Chemical, Lone Star Specialties, Baoshun, Shandong Weijiao, Xinnuolixing, Risun, Zhongyi.
The tar pitch market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tar Pitch Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tar Pitch Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tar Pitch Market - Supply Chain
4.5. Global Tar Pitch Market Forecast
4.5.1. Tar Pitch Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tar Pitch Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tar Pitch Market Absolute $ Opportunity
5. Global Tar Pitch Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tar Pitch Market Size and Volume Forecast by Type
5.3.1. Medium Temperature Tar Pitch
5.3.2. High Temperature Tar Pitch
5.3.3. Low Temperature Tar Pitch
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tar Pitch Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tar Pitch Market Size and Volume Forecast by Application
6.3.1. Aluminum Industry
6.3.2. Graphite Electrodes
6.3.3. Roofing
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tar Pitch Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tar Pitch Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tar Pitch Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tar Pitch Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tar Pitch Demand Share Forecast, 2019-2029
9. North America Tar Pitch Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tar Pitch Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tar Pitch Market Size and Volume Forecast by Application
9.4.1. Aluminum Industry
9.4.2. Graphite Electrodes
9.4.3. Roofing
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tar Pitch Market Size and Volume Forecast by Type
9.7.1. Medium Temperature Tar Pitch
9.7.2. High Temperature Tar Pitch
9.7.3. Low Temperature Tar Pitch
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tar Pitch Demand Share Forecast, 2019-2029
10. Latin America Tar Pitch Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tar Pitch Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tar Pitch Market Size and Volume Forecast by Application
10.4.1. Aluminum Industry
10.4.2. Graphite Electrodes
10.4.3. Roofing
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tar Pitch Market Size and Volume Forecast by Type
10.7.1. Medium Temperature Tar Pitch
10.7.2. High Temperature Tar Pitch
10.7.3. Low Temperature Tar Pitch
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tar Pitch Demand Share Forecast, 2019-2029
11. Europe Tar Pitch Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tar Pitch Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tar Pitch Market Size and Volume Forecast by Application
11.4.1. Aluminum Industry
11.4.2. Graphite Electrodes
11.4.3. Roofing
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tar Pitch Market Size and Volume Forecast by Type
11.7.1. Medium Temperature Tar Pitch
11.7.2. High Temperature Tar Pitch
11.7.3. Low Temperature Tar Pitch
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Tpe
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tar Pitch Demand Share, 2019-2029
12. Asia Pacific Tar Pitch Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tar Pitch Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tar Pitch Market Size and Volume Forecast by Application
12.4.1. Aluminum Industry
12.4.2. Graphite Electrodes
12.4.3. Roofing
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tar Pitch Market Size and Volume Forecast by Type
12.7.1. Medium Temperature Tar Pitch
12.7.2. High Temperature Tar Pitch
12.7.3. Low Temperature Tar Pitch
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tar Pitch Demand Share, 2019-2029
13. Middle East & Africa Tar Pitch Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tar Pitch Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tar Pitch Market Size and Volume Forecast by Application
13.4.1. Aluminum Industry
13.4.2. Graphite Electrodes
13.4.3. Roofing
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tar Pitch Market Size and Volume Forecast by Type
13.7.1. Medium Temperature Tar Pitch
13.7.2. High Temperature Tar Pitch
13.7.3. Low Temperature Tar Pitch
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tar Pitch Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Tar Pitch Market: Market Share Analysis
14.2. Tar Pitch Distributors and Customers
14.3. Tar Pitch Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. RuTGERS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. JFE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Koppers Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Coopers Creek
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tangent Rail
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shanghai Baosteel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shanxi Coking
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wugang Coking
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jining Carbon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shandong Gude Chemical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lone Star Specialties
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Baoshun
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shandong Weijiao
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Xinnuolixing
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Risun
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zhongyi
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
