MarketReports Coal Tar Market Size Analysis, Segmentation, Indus

Coal Tar Market 2025 by Opportunities,
Geography Analysis and Applications
“Global Coal Tar Market Research Report includes
In-depth Analysis of industry by economic trends,
recent technologies, investment feasibility,
opportunities, challenges, major key players and
business strategies considering types, segment, and
future analysis. ”
27 March, 2019: Global Coal Tar Market is predicted to grow significantly in the forecast period owing to the
increasing applications of coal tar in medical & industrial segment and sealing of roads. Coal tar is basically a thick
liquid and a byproduct of the formation of coal gas and coke from coal. Coal tar is used in combination with ultraviolet
light therapy. It is also used as medication on the skin to cure flaking, itching, and scaling due to disorders like seborrheic
dermatitis or psoriasis. Medically, coal tar is a drug called ‘keratoplastics’ and works by shedding dead cells of the top
layer and reduces the growing of the skin cells. This reduces scaling & dryness and reduces itching from the skin
disorders.
The rising demand in the medical and industrial sector, and sealing of public roads are majorly driving the growth of
coal tar market. Tar cannot be efficiently used in the extracted state since it is normally heated at high temperatures for
the particular application. High cost of heating furnace is not affordable by the end users which hampers the growth of
coal tar market. Nevertheless, increase in industrial applications like production of gasoline oil and diesel through in-
power generation and high-pressure hydrogenation for heating boilers is predicted to boost worldwide demand for coal
tar in future, thereby driving the coal tar market.
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