China Coal Tar Industry Report, 2017-2021 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "China
Coal Tar Industry Report, 2017-2021" report has been added to Research
and Markets' offering.

China produced 22.13 million tons of coal tar in 2016, edging up 0.1%
from a year earlier, largely due to rising prices of raw materials and
environmental protection campaigns. As the government intensifies
crackdown on illegal polluters, coal tar output will further slip to
21.90 million tons in 2017. With phase-out of outdated capacity, the
coal tar industry will gradually pick up over the next couple of years,
thus stimulating coal tar output to grow again. The country's coal tar
output is expected to rise at a CAGR of around 1.5% during 2017-2021.

High-temperature coal tar holds a dominant position in the Chinese
market. In 2016, 16.20 million tons of high-temperature coal tar and
3.99 million tons of medium-temperature coal tar were produced, making
up 73.1% and only 18.1% of total coal tar output, respectively. As
high-temperature coal tar is primarily used in high value-added
chemicals while medium-temperature coal tar in fuel oil field, it is
expected the former will grow faster than the latter.

Around 70% of China-made coal tar is used in further processing fields.
Moreover, China is a major further processor of coal tar in the world,
boasting one-fourth of global coal tar deep-processing capacity in 2016.
China was capable of intensively processing 24.80 million tons of coal
tar in 2016, down 2.7% from 2015, mainly due to de-capacity after years
of rapid expansion which caused massive over-capacity and then dramatic
decline in utilization. Hence, the demand for coal tar from
deep-processing fields has slowed in recent two years.

Global major coal tar deep-processing enterprises include Koppers
(United States), Ruetgers (Germany), Nippon Steel & Sumikin Chemical
(Japan) and Baoshun Technology (China). Koppers is the world's largest
coal tar deep-processing firm with capacity of 2.10 million t/a, while
Baoshun Technology is the biggest coal tar deep-processing company in
China with the capacity of 1.05 million t/a. The Chinese coal tar
deep-processing market features low concentration, with top10 players
occupying a combined 26.2% market share in 2016.

After five years of decline amid fluctuations, coal tar price rallied in
2016 from RMB1,400/t or so at the beginning of the year to around
RMB2,200/t at the end of the year at a growth rate of over 50%, and
remained between RMB2,500/t and RMB3,000/t during Jan-Sept 2017. Price
pick-up is mainly fueled by decreased excess capacity and a recovery in
downstream market. Thanks to an upturn in coal tar pitch, industrial
naphthalene and phthalic anhydride sectors, high-temperature coal tar
found a higher utilization rate and steadily rising prices which, on
average, were higher than that of medium and low-temperate coal tar.

Key Topics Covered:

1. Overview of Coal Tar

2. Development Environment for China Coal Tar Industry

3 Upstream Sectors of Coal Tar in China

4 Downstream Deep-processing Sectors of Coal Tar in China

5. Coal Tar Industry Competition in China

6. Major Global Coal Tar Companies

7. Major Chinese Coal Tar Companies

Companies Mentioned

• Baoshun Technology Co., Ltd.
• Baotailong New Materials Co., Ltd.
• Guanghui Energy Co., Ltd.
• Huanghua Xinnuolixing Fine Chemical Stock Company Limited
• JFE Zhenxing Shandong Chemical Company Ltd
• Jiangxi Black Cat Carbon Black Inc., Ltd.
• Koppers
• Nippon Steel & Sumikin Chemical Co. Ltd
• RTGERS Group
• Shanghai Baosteel Chemical Co., Ltd
• Shanxi Coking Group Co., Ltd.
• Shanxi Hongte Coal Chemical Industry Co., Ltd.
• Shanxi Yongdong Chemistry Industry Co., Ltd.
• Shenmu Tianyuan Chemical Co., Ltd.
• Wuhan Iron and Steel (Group) Corp.

For more information about this report visit https://www.researchandmarkets.com/research/b29h64/china_coal_tar

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Related
Topics: Coal