Chem Reports predicts that the Coal Tar (CAS 8007‑45‑2) Market was valued at USD xxxx units in 2025 and is projected to reach USD xxxx units by 2035, expanding at a CAGR of xx% during the forecast period.
Global Coal Tar (CAS 8007‑45‑2) Market Overview
The Global Coal Tar (CAS 8007‑45‑2) Market Report 2024 provides a comprehensive analysis of market dynamics, structural trends, value chain developments, and market size evolution. The study evaluates historical and current market performance to forecast future growth prospects from 2025 to 2035.
This research integrates insights from both primary and secondary data sources and examines a wide range of factors influencing the market, including:
Coal tar is a by‑product of coke production and is widely used in the manufacture of carbon black, pitch, wash oil, and various specialty chemicals. Its importance in steelmaking, aluminum production, and chemical synthesis continues to drive global demand.
Impact of COVID‑19 on the Coal Tar (CAS 8007‑45‑2) Market
The COVID‑19 outbreak in late 2019 evolved into a global health emergency, disrupting supply chains, industrial operations, and international trade. The Coal Tar market experienced notable impacts in 2020, including:
Despite short‑term disruptions, the market recovered as industrial activities resumed and demand for steel, aluminum, and carbon‑based materials strengthened.
Global Coal Tar (CAS 8007‑45‑2) Market Segmentation
By Type
By Application
Regional Analysis
The market is segmented geographically into:
Asia‑Pacific dominates the global market due to large‑scale steel production, expanding industrial infrastructure, and strong demand for carbon‑based materials. China and India remain key contributors. Europe and North America maintain steady demand driven by aluminum, chemical, and specialty product manufacturing.
Top Key Players
Major companies operating in the Coal Tar (CAS 8007‑45‑2) market include:
These companies focus on capacity expansion, technological upgrades, and strategic partnerships to strengthen their global market presence.
Segmentation Summaries
By Type
High Temperature Coal Tar
Produced during high‑temperature coke production, this segment accounts for the largest share of the market. It contains higher concentrations of aromatic hydrocarbons, making it ideal for producing carbon black, pitch, and advanced chemical intermediates. Its strong demand is tied to steelmaking and heavy industrial applications.
Medium Temperature Coal Tar
This grade contains a balanced composition of phenols, naphthalene, and other aromatics. It is used in specialty chemicals, wash oil production, and certain grades of pitch. Its versatility supports steady demand across chemical and industrial sectors.
Low Temperature Coal Tar
Generated at lower carbonization temperatures, this type contains more oxygenated compounds and is used in niche chemical applications. Although smaller in volume, it is gaining interest for specialty chemical synthesis and value‑added downstream products.
By Application
Carbon Black
The largest application segment. Coal tar is a key feedstock for carbon black production, which is used extensively in tires, rubber goods, plastics, and inks. Growth in automotive and industrial rubber sectors drives this segment.
Pitch
Coal tar pitch is essential in aluminum smelting, graphite electrode manufacturing, and refractory materials. Rising demand for aluminum and steel production supports this segment’s growth.
Wash Oil
Used as a scrubbing agent in gas purification processes, wash oil derived from coal tar is critical in chemical and industrial gas treatment applications.
Others
Includes applications in wood preservatives, road construction, waterproofing, and specialty chemicals. Infrastructure development and industrial expansion contribute to this segment.
Market Drivers, Restraints & Opportunities
Market Drivers
1. Expansion of Steel and Metallurgical Industries
Coal tar is a by‑product of coke ovens used in steelmaking. As global steel production increases, coal tar availability and downstream demand rise accordingly.
2. Growing Demand for Carbon Black and Aluminum
Carbon black is essential for tire manufacturing, while coal tar pitch is critical for aluminum smelting. Growth in automotive, construction, and packaging sectors fuels demand.
3. Increasing Use in Specialty Chemicals
Coal tar derivatives such as naphthalene, phenols, and creosote are widely used in chemical synthesis, supporting market expansion.
4. Infrastructure Development
Coal tar‑based products are used in road construction, waterproofing, and industrial coatings, benefiting from global infrastructure investments.
Market Restraints
1. Environmental and Health Regulations
Coal tar contains polycyclic aromatic hydrocarbons (PAHs), leading to strict environmental and occupational safety regulations that may restrict production and usage.
2. Volatility in Steel Production
Since coal tar is a by‑product of coke ovens, fluctuations in steel output directly impact supply availability.
3. Competition from Petroleum‑Based Alternatives
Petroleum pitch and other substitutes can reduce reliance on coal tar in certain applications.
4. High Processing and Handling Costs
Coal tar requires specialized handling, storage, and processing infrastructure, increasing operational costs.
Market Opportunities
1. Technological Advancements in Coal Tar Distillation
Improved distillation and purification technologies can enhance product quality and expand application areas.
2. Growth in Graphite Electrode and Lithium‑Ion Battery Sectors
Coal tar pitch is used in anode materials, creating opportunities in the rapidly growing battery industry.
3. Rising Demand in Emerging Economies
Industrialization in Asia‑Pacific, Latin America, and Africa is boosting demand for carbon black, aluminum, and construction materials.
4. Development of High‑Value Chemical Intermediates
Coal tar can be upgraded into specialty chemicals with higher margins, offering attractive growth potential.
Porter’s Five Forces Analysis
1. Threat of New Entrants — Low to Moderate
High capital requirements, environmental regulations, and dependence on steel industry by‑products create significant entry barriers.
2. Bargaining Power of Suppliers — Moderate
Coal tar supply is tied to coke oven operations. Large steel producers hold moderate power, but diversified global supply helps balance the market.
3. Bargaining Power of Buyers — Moderate to High
Major carbon black, aluminum, and chemical manufacturers can negotiate pricing due to large volumes and availability of substitutes.
4. Threat of Substitutes — Moderate
Petroleum‑based pitch, synthetic chemicals, and alternative feedstocks can replace coal tar in some applications, though often at higher cost or lower performance.
5. Industry Rivalry — High
Competition is intense among global and regional producers, driven by pricing, product quality, and long‑term supply agreements.
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
1. Market Overview of Coal Tar (CAS 8007-45-2)
1.1 Coal Tar (CAS 8007-45-2) Market Overview
1.1.1 Coal Tar (CAS 8007-45-2) Product Scope
1.1.2 Market Status and Outlook
1.2 Coal Tar (CAS 8007-45-2) Market Size by Regions:
1.3 Coal Tar (CAS 8007-45-2) Historic Market Size by Regions
1.4 Coal Tar (CAS 8007-45-2) Forecasted Market Size by Regions
1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
1.5.1 North America
1.5.2 East Asia
1.5.3 Europe
1.5.4 South Asia
1.5.5 Southeast Asia
1.5.6 Middle East
1.5.7 Africa
1.5.8 Oceania
1.5.9 South America
1.5.10 Rest of the World
1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
1.6.1 Covid-19 Impact: Global GDP Growth, Projections
1.6.2 Covid-19 Impact: Commodity Prices Indices
1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Coal Tar (CAS 8007-45-2) Sales Market by Type
2.1 Global Coal Tar (CAS 8007-45-2) Historic Market Size by Type
2.2 Global Coal Tar (CAS 8007-45-2) Forecasted Market Size by Type
2.3 High Temperature Coal Tar
2.4 Medium Temperature Coal Tar
2.5 Low Temperature Coal Tar
3. Covid-19 Impact Coal Tar (CAS 8007-45-2) Sales Market by Application
3.1 Global Coal Tar (CAS 8007-45-2) Historic Market Size by Application
3.2 Global Coal Tar (CAS 8007-45-2) Forecasted Market Size by Application
3.3 Carbon Black
3.4 Pitch
3.5 Wash Oil
3.6 Others
4. Covid-19 Impact Market Competition by Manufacturers
4.1 Global Coal Tar (CAS 8007-45-2) Production Capacity Market Share by Manufacturers
4.2 Global Coal Tar (CAS 8007-45-2) Revenue Market Share by Manufacturers
4.3 Global Coal Tar (CAS 8007-45-2) Average Price by Manufacturers
5. Company Profiles and Key Figures in Coal Tar (CAS 8007-45-2) Business
5.1 Baowu Steel Group
5.1.1 Baowu Steel Group Company Profile
5.1.2 Baowu Steel Group Coal Tar (CAS 8007-45-2) Product Specification
5.1.3 Baowu Steel Group Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.2 Rain Industries Limited
5.2.1 Rain Industries Limited Company Profile
5.2.2 Rain Industries Limited Coal Tar (CAS 8007-45-2) Product Specification
5.2.3 Rain Industries Limited Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.3 JFE Chemical
5.3.1 JFE Chemical Company Profile
5.3.2 JFE Chemical Coal Tar (CAS 8007-45-2) Product Specification
5.3.3 JFE Chemical Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.4 OCI
5.4.1 OCI Company Profile
5.4.2 OCI Coal Tar (CAS 8007-45-2) Product Specification
5.4.3 OCI Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.5 Koppers
5.5.1 Koppers Company Profile
5.5.2 Koppers Coal Tar (CAS 8007-45-2) Product Specification
5.5.3 Koppers Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.6 Baoshun
5.6.1 Baoshun Company Profile
5.6.2 Baoshun Coal Tar (CAS 8007-45-2) Product Specification
5.6.3 Baoshun Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.7 Huanghua Xinnuo Lixing
5.7.1 Huanghua Xinnuo Lixing Company Profile
5.7.2 Huanghua Xinnuo Lixing Coal Tar (CAS 8007-45-2) Product Specification
5.7.3 Huanghua Xinnuo Lixing Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.8 Shanxi Coal and Chemical
5.8.1 Shanxi Coal and Chemical Company Profile
5.8.2 Shanxi Coal and Chemical Coal Tar (CAS 8007-45-2) Product Specification
5.8.3 Shanxi Coal and Chemical Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.9 POSCO
5.9.1 POSCO Company Profile
5.9.2 POSCO Coal Tar (CAS 8007-45-2) Product Specification
5.9.3 POSCO Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.10 Sunlight Coking
5.10.1 Sunlight Coking Company Profile
5.10.2 Sunlight Coking Coal Tar (CAS 8007-45-2) Product Specification
5.10.3 Sunlight Coking Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.11 Himadri Chemicals & Industries
5.11.1 Himadri Chemicals & Industries Company Profile
5.11.2 Himadri Chemicals & Industries Coal Tar (CAS 8007-45-2) Product Specification
5.11.3 Himadri Chemicals & Industries Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.12 Nippon Steel & Sumitomo Metal
5.12.1 Nippon Steel & Sumitomo Metal Company Profile
5.12.2 Nippon Steel & Sumitomo Metal Coal Tar (CAS 8007-45-2) Product Specification
5.12.3 Nippon Steel & Sumitomo Metal Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.13 Mitsubishi Chemical
5.13.1 Mitsubishi Chemical Company Profile
5.13.2 Mitsubishi Chemical Coal Tar (CAS 8007-45-2) Product Specification
5.13.3 Mitsubishi Chemical Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.14 Jiangxi Black Cat
5.14.1 Jiangxi Black Cat Company Profile
5.14.2 Jiangxi Black Cat Coal Tar (CAS 8007-45-2) Product Specification
5.14.3 Jiangxi Black Cat Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
5.15 Ansteel
5.15.1 Ansteel Company Profile
5.15.2 Ansteel Coal Tar (CAS 8007-45-2) Product Specification
5.15.3 Ansteel Coal Tar (CAS 8007-45-2) Production Capacity, Revenue, Price and Gross Margin
6. North America
6.1 North America Coal Tar (CAS 8007-45-2) Market Size
6.2 North America Coal Tar (CAS 8007-45-2) Key Players in North America
6.3 North America Coal Tar (CAS 8007-45-2) Market Size by Type
6.4 North America Coal Tar (CAS 8007-45-2) Market Size by Application
7. East Asia
7.1 East Asia Coal Tar (CAS 8007-45-2) Market Size
7.2 East Asia Coal Tar (CAS 8007-45-2) Key Players in North America
7.3 East Asia Coal Tar (CAS 8007-45-2) Market Size by Type
7.4 East Asia Coal Tar (CAS 8007-45-2) Market Size by Application
8. Europe
8.1 Europe Coal Tar (CAS 8007-45-2) Market Size
8.2 Europe Coal Tar (CAS 8007-45-2) Key Players in North America
8.3 Europe Coal Tar (CAS 8007-45-2) Market Size by Type
8.4 Europe Coal Tar (CAS 8007-45-2) Market Size by Application
9. South Asia
9.1 South Asia Coal Tar (CAS 8007-45-2) Market Size
9.2 South Asia Coal Tar (CAS 8007-45-2) Key Players in North America
9.3 South Asia Coal Tar (CAS 8007-45-2) Market Size by Type
9.4 South Asia Coal Tar (CAS 8007-45-2) Market Size by Application
10. Southeast Asia
10.1 Southeast Asia Coal Tar (CAS 8007-45-2) Market Size
10.2 Southeast Asia Coal Tar (CAS 8007-45-2) Key Players in North America
10.3 Southeast Asia Coal Tar (CAS 8007-45-2) Market Size by Type
10.4 Southeast Asia Coal Tar (CAS 8007-45-2) Market Size by Application
11. Middle East
11.1 Middle East Coal Tar (CAS 8007-45-2) Market Size
11.2 Middle East Coal Tar (CAS 8007-45-2) Key Players in North America
11.3 Middle East Coal Tar (CAS 8007-45-2) Market Size by Type
11.4 Middle East Coal Tar (CAS 8007-45-2) Market Size by Application
12. Africa
12.1 Africa Coal Tar (CAS 8007-45-2) Market Size
12.2 Africa Coal Tar (CAS 8007-45-2) Key Players in North America
12.3 Africa Coal Tar (CAS 8007-45-2) Market Size by Type
12.4 Africa Coal Tar (CAS 8007-45-2) Market Size by Application
13. Oceania
13.1 Oceania Coal Tar (CAS 8007-45-2) Market Size
13.2 Oceania Coal Tar (CAS 8007-45-2) Key Players in North America
13.3 Oceania Coal Tar (CAS 8007-45-2) Market Size by Type
13.4 Oceania Coal Tar (CAS 8007-45-2) Market Size by Application
14. South America
14.1 South America Coal Tar (CAS 8007-45-2) Market Size
14.2 South America Coal Tar (CAS 8007-45-2) Key Players in North America
14.3 South America Coal Tar (CAS 8007-45-2) Market Size by Type
14.4 South America Coal Tar (CAS 8007-45-2) Market Size by Application
15. Rest of the World
15.1 Rest of the World Coal Tar (CAS 8007-45-2) Market Size
15.2 Rest of the World Coal Tar (CAS 8007-45-2) Key Players in North America
15.3 Rest of the World Coal Tar (CAS 8007-45-2) Market Size by Type
15.4 Rest of the World Coal Tar (CAS 8007-45-2) Market Size by Application
16 Coal Tar (CAS 8007-45-2) Market Dynamics
16.1 Covid-19 Impact Market Top Trends
16.2 Covid-19 Impact Market Drivers
16.3 Covid-19 Impact Market Challenges
16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
18.1 Research Methodology
18.1.1 Methodology/Research Approach
18.1.2 Data Source
18.2 Disclaimer
Global Coal Tar (CAS 8007‑45‑2) Market Segmentation
By Type
By Application
Regional Analysis
The market is segmented geographically into:
Asia‑Pacific dominates the global market due to large‑scale steel production, expanding industrial infrastructure, and strong demand for carbon‑based materials. China and India remain key contributors. Europe and North America maintain steady demand driven by aluminum, chemical, and specialty product manufacturing.
Top Key Players
Major companies operating in the Coal Tar (CAS 8007‑45‑2) market include:
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