Coal tar pitch is thick black liquid which remains after the distillation of coal tar. Basically coal tar pitch is used as base for paints and coatings. Coal tar pitch contains various chemical compounds like benzene. These are widely applied for roofing, paving, and others. Also, they are categorized into various types such as Low-Temperature Coal-Tar Pitch, Medium-Temperature Coal-Tar Pitch, and High Temperature Coal Tar-Pitch.
Request Sample Copy of this Report @ https://qualiketresearch.com/request-sample/Coal-Tar-Pitch-Market/request-sample
Growing industrialization in developing countries is the key driving factor which is expected to boost the growth of global coal tar pitch market. Furthermore, continuous advancements in several industries including aerospace, automotive, and construction which is expected to propel the coal tar pitch market growth globally. Moreover, various strategies are adopted by key competitors will have the positive impact on coal tar pitch market growth. For instance, in March 2018, Gearbulk and Puma Energy had entered into memorandum for establishment of liquid coal tar pitch and Bitumen transportation joint venture Company. Joint Venture is mainly designed to provide better service to consumers.
However, increase in environmental concerns including emission of greenhouse gases during coal tar pitch production is the major restraining factor which is expected to hamper the global coal tar pitch market growth.
Global Coal Tar Pitch Market is segmented into type such as Low-Temperature Coal-Tar Pitch, Medium-Temperature Coal-Tar Pitch, and High Temperature Coal Tar-Pitch. Further, market is segmented into application such as Roofing, Paving, and Others.
Also, Global Coal Tar Pitch Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Browse Full Research Report @ https://qualiketresearch.com/reports-details/Coal-Tar-Pitch-Market
- Low-Temperature Coal-Tar Pitch
- Medium-Temperature Coal-Tar Pitch
- High Temperature Coal Tar-Pitch
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.