Coal Tar Price Trends & Forecasts | Provided by Procurement Resource

 Coal tar is a thick, dark, viscous liquid. It is a byproduct of the carbonization of coal. The carbonization process is used to make coke for the production of steel. The tar is a complex mixture of organic substances, such as aromatic hydrocarbons, phenols, and other chemicals. It is distinguished by a powerful, pungent smell. The tar also has high carbon content and extreme flammability.

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It is soluble in organic solvents but insoluble in water. The production of roofing materials, wood preservatives, and sealants all benefit from the exceptional waterproofing and preservation qualities of coal tar. Additionally, it is used in the production of medicines, dyes, and the treatment of skin diseases.

Key Details About the Coal Tar Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Coal Tar price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Coal Tar Price chart, including India Iron price, USA Iron price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Coal Tar Price Trend:

The production of roofing materials is one prominent use for coal tar. It is a crucial component in the production of coal tar pitch, which gives roofing shingles, membranes, and coatings great weather resistance and waterproofing. Wood preservation is another significant application for coal tar. Creosote and other wood preservatives based on coal tar are used to guard wood against fungus, insect infestation, and degradation. They are frequently used on railway ties, utility poles and outside timber buildings. In addition, it is also used in the production of pigments and dyes. In the pharmaceutical industry, several drugs and topical treatments also use coal tar. It is effective in treating skin disorders like psoriasis, eczema, and dandruff as it has antibacterial, anti-inflammatory, and keratolytic qualities. Additionally, coal tar is employed as a binder in the manufacture of carbon electrodes for the aluminum and steel industries as well as in the creation of certain compounds, such as artificial flavors and scents.

Key Players:

• INEOS Chlor
• INOVYN
• Altair Chimica
• Dover Chemical Corporation
• Quimica del Cinca
• LEUNA-Tenside GmbH
• Adity Birla Chemicals
• Flow Tech Group
• NCO Chlorchem
• Qualice LLC

News and Recent Developments:

• July 11, 2022- Epsilon Carbon ties up with Anagha Refineries to set up molten pitch storage tank facility- The coal tar manufacturer Epsilon Carbon signed an agreement with Sri Anagha Refineries. The agreement is to set up a molten pitch storage tank in Mangalore. This will be the country's first storage tank with a capacity of 10,000 tonnes.

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