How big is the Coal Tar Market | Industry Forecast 2025

Q: What is the current size of the coal tar market?

The coal tar market was valued at USD 17.9 billion in 2024 and is projected to reach USD 32.4 billion by 2031.

Q: What is the growth rate of the coal tar market?

The coal tar market is expected to grow at a CAGR of 9.0% during the forecast period of 2025 to 2031.

Q: Which applications contribute the most in the coal tar market?

Aluminum smelting, graphite electrodes, roofing, road paving, carbon black, and medical ointments.

Q: What is driving demand in the coal tar market?

Industrial growth, demand for carbon-based materials, construction activity, and pharmaceutical usage.

Q: What challenges does the coal tar market face?

Environmental regulations, health concerns, volatility in raw material supply, and disposal of byproducts.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5463

Publication Date: Jul 2025

How big is the Coal Tar Market?

According to 6Wresearch internal database and industry insights, the Global coal tar market was valued at approximately USD 17.9 billion in 2024 and is projected to reach USD 32.4 billion by 2031, growing at a CAGR of 9.0%.

This growth is driven by increasing demand from aluminum production, steel manufacturing, and chemical processing. Coal tar derivatives are used extensively in industries such as construction, healthcare, and automotive, contributing to market expansion.

Key Growth Drivers of the Coal Tar Market

Rising demand for coal tar pitch in aluminum smelting and graphite manufacturing
Expansion of steel and metallurgical industries across developing economies
Growing use of coal tar derivatives in roofing, paving, and construction applications
Increased demand from pharmaceuticals and personal care for tar-based treatments
Advancements in distillation and processing technologies for high-purity byproducts

Coal Tar Market Trends

The coal tar market is witnessing increasing application in carbon black production, which is used in tires and rubber goods. Demand for coal tar-based sealants and waterproofing products is rising in construction. Technological advancements in the refining of coal tar are improving yield and product quality. There is a growing preference for customized coal tar pitches in industrial furnaces. Sustainable practices are emerging with focus on recycling coke oven byproducts and reducing environmental impact.

Emerging Developments in the Coal Tar Market

New developments include the launch of specialty-grade coal tar products for use in advanced ceramics, battery electrodes, and anti-corrosion coatings. Firms are considering bio-based additives mixed with coal tar so as to have greener usage. There are also being installed modern distillation units in a better environment compliance worldwide. The initiative is being investigated to understand the use of coal tar in making graphene and other nano materials. The partnerships between chemical and steel companies are streamlining integration of supply chain as well as extraction of value.