The global demand for Coal Tar Enamel Market is presumed to reach the valuation of nearlyUSD XX MN by 2030 from USD XX MN in 2022 with a CAGR of 5.7% under the study period of 2023-2030.
Coal tar enamel (CTE) is used as a paint-like coating for pipelines and provides protection against water and deterioration due to rusting. It is made from plasticization of coal tar pitch, coal and distillates, later inert fillers are added to provide the desired properties of the system. CTE is one of the most effective and economical anti-corrosion protection material which is widely accepted across the end-use industries.
Market Dynamics
The advantage offered by coal tar enamel such as resistant to bacterial corrosion, penetration of plant roots, dissolution of petroleum and its products as well as resistant to soil stress is fueling market demand. Increasing demand for strong adhesion, low water absorption, and good insulation is again boosting the market growth. On the other hand, the fluctuating cost of raw material is likely to hinder the market growth. Whereas, resistance to cathodic stripping and long life is anticipated to augment demand over the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of coal tar enamel.
Market Segmentation
The entire coal tar enamel market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Market Type
- Soft Enamels
- Harder Enamels
By Application
- Water Pipeline
- Seawater Pipeline
- Gas Pipeline
- Steel Structure of Seawater
- Industrial Tanks
- Road Paving
- Anti-Corrosion Coating
- Other
By Manufacturing Process
By Sales Channel
By Size
By End User
- Utility Industries
- Water Treatment Plants
- Construction & Infrastructure
- Oil & Gas
- Chemical
- Marine
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for coal tar enamel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Coal Tar Enamel Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the coal tar enamel market include NGP Industries Limited, PSL, Bhilai Cement, PT INDAL STEEL PIPE (ISP, MASPION GROUP), Samhwa. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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