Press Release

Global Coal Tar Market is likely to grow at a CAGR of 5% in the forecast years 2021-26

According to MarkNtel Advisors' research report, "Global Coal Tar Market Analysis, 2021," the market is likely to grow at a CAGR of 5% in the forecast period of 2021-26 due to a steady rise in the demand for aluminum & steel products. Besides, Coal tar is an essential ingredient in the manufacturing process of carbon electrodes, which are used mainly for smelting aluminum. Moreover, the rapid infrastructural developments in various developing countries also fuel the need for aluminum & steel, thereby driving the demand for coal tar globally. Furthermore, the robust expansion of aerospace, construction, and automotive industries are other critical aspects likely to propel the overall market growth in the forecast years. 

Key questions answered in the study

1. What are the current and future trends in the Global Coal Tar Market?
2. How has the market been evolving in terms of geography and service adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the GlobalCoal Tar Market?
5. What is the customer orientation, purchase behavior, and expectations from the GlobalCoal Tar Market service providers across various regions?

According to MarkNtel Advisors' research report, "Global Coal Tar Market Analysis, 2021," the market is likely to grow at a CAGR of 5% in the forecast period of 2021-26 due to a steady rise in the demand for aluminum & steel products. Besides, Coal tar is an essential ingredient in the manufacturing process of carbon electrodes, which are used mainly for smelting aluminum. Moreover, the rapid infrastructural developments in various developing countries also fuel the need for aluminum & steel, thereby driving the demand for coal tar globally. Furthermore, the robust expansion of aerospace, construction, and automotive industries are other critical aspects likely to propel the overall market growth in the forecast years. 

Key questions answered in the study

1. What are the current and future trends in the Global Coal Tar Market?
2. How has the market been evolving in terms of geography and service adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the GlobalCoal Tar Market?
5. What is the customer orientation, purchase behavior, and expectations from the GlobalCoal Tar Market service providers across various regions?