Product Code: ETC234090 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Coal Tar Pitch Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate starts at 13.02% in 2025 and reaches 13.71% by 2029.
The Coal Tar Pitch market in Vietnam is projected to grow at a high growth rate of 12.66% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
Coal tar pitch is a byproduct of coal processing and is used in various applications, including the production of carbon electrodes and aluminum smelting. The Vietnam coal tar pitch market supports industrial sectors requiring specialized carbon materials. Market dynamics are influenced by manufacturing and metallurgical needs.
The Vietnam coal tar pitch market has grown steadily due to its applications in the aluminum, graphite, and electrode industries. A key driver is the increasing demand for aluminum products, driven by construction and manufacturing sectors. Coal tar pitch is essential in the production of high-quality carbon materials used in aluminum smelting. Additionally, the growth of the graphite electrode industry for electric arc furnace steel production has further contributed to the market`s growth.
In the Vietnam coal tar pitch market, challenges primarily revolve around sustainable sourcing, industrial applications, and environmental compliance. Coal tar pitch is used in various industrial processes, but ensuring sustainable raw material sourcing, exploring diverse applications, and complying with environmental regulations can be complex. Additionally, maintaining high-quality pitch products and minimizing environmental impact is crucial. Manufacturers must prioritize responsible sourcing, identify new industrial applications, and adhere to environmental standards to support sustainable growth in the Vietnam coal tar pitch industry.
The COVID-19 pandemic had a discernible impact on the Vietnam coal tar pitch market. With reduced industrial activities and uncertainties in the chemicals sector, the demand for coal tar pitch decreased temporarily. Supply chain disruptions also affected availability. However, as industrial operations resumed and construction projects progressed post-pandemic, the market showed signs of recovery.
In the Vietnam coal tar pitch market, key players like PetroVietnam Coal and Gas Group (PVCG), Vinacomin, and PetroVietnam Exploration Production Corporation (PVEP) play pivotal roles. They are major contributors to the production and distribution of coal tar pitch, serving various industrial applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Coal Tar Pitch Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Coal Tar Pitch Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Coal Tar Pitch Market - Industry Life Cycle |
3.4 Vietnam Coal Tar Pitch Market - Porter's Five Forces |
3.5 Vietnam Coal Tar Pitch Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Vietnam Coal Tar Pitch Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Vietnam Coal Tar Pitch Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Coal Tar Pitch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for aluminum production in Vietnam, which uses coal tar pitch as a key raw material. |
4.2.2 Increasing infrastructure development projects in Vietnam driving the demand for coal tar pitch for infrastructure materials. |
4.2.3 Rising demand for graphite electrodes in the steel industry, which relies on coal tar pitch as a binder. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of coal tar pitch. |
4.3.2 Environmental concerns and regulations regarding the use of coal tar pitch in various industries. |
5 Vietnam Coal Tar Pitch Market Trends |
6 Vietnam Coal Tar Pitch Market, By Types |
6.1 Vietnam Coal Tar Pitch Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Coal Tar Pitch Market Revenues & Volume, By Form, 2021-2031F |
6.1.3 Vietnam Coal Tar Pitch Market Revenues & Volume, By Solid, 2021-2031F |
6.1.4 Vietnam Coal Tar Pitch Market Revenues & Volume, By Liquid, 2021-2031F |
6.2 Vietnam Coal Tar Pitch Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Coal Tar Pitch Market Revenues & Volume, By Aluminum Grade, 2021-2031F |
6.2.3 Vietnam Coal Tar Pitch Market Revenues & Volume, By Graphite Grade, 2021-2031F |
6.2.4 Vietnam Coal Tar Pitch Market Revenues & Volume, By Special Grade, 2021-2031F |
6.3 Vietnam Coal Tar Pitch Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Coal Tar Pitch Market Revenues & Volume, By Aluminum Electrode, 2021-2031F |
6.3.3 Vietnam Coal Tar Pitch Market Revenues & Volume, By Graphite Electrode, 2021-2031F |
6.3.4 Vietnam Coal Tar Pitch Market Revenues & Volume, By Roofing Coating Material, 2021-2031F |
6.3.5 Vietnam Coal Tar Pitch Market Revenues & Volume, By Blast Furnance Linings, 2021-2031F |
6.3.6 Vietnam Coal Tar Pitch Market Revenues & Volume, By Chemical Intermediates, 2021-2031F |
6.3.7 Vietnam Coal Tar Pitch Market Revenues & Volume, By Sealents, 2021-2031F |
7 Vietnam Coal Tar Pitch Market Import-Export Trade Statistics |
7.1 Vietnam Coal Tar Pitch Market Export to Major Countries |
7.2 Vietnam Coal Tar Pitch Market Imports from Major Countries |
8 Vietnam Coal Tar Pitch Market Key Performance Indicators |
8.1 Demand for aluminum and steel in Vietnam as an indicator of the need for coal tar pitch. |
8.2 Government policies and regulations related to the use of coal tar pitch. |
8.3 Price trends of key raw materials used in the production of coal tar pitch. |
8.4 Innovation and technological advancements in coal tar pitch production processes. |
9 Vietnam Coal Tar Pitch Market - Opportunity Assessment |
9.1 Vietnam Coal Tar Pitch Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Vietnam Coal Tar Pitch Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.3 Vietnam Coal Tar Pitch Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Coal Tar Pitch Market - Competitive Landscape |
10.1 Vietnam Coal Tar Pitch Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Coal Tar Pitch Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |