Coal Tar Pitch Market Outlook:
Coal Tar Pitch Market was valued at USD 4.4 billion in 2025 and is projected to reach USD 5.4 billion by 2035, growing at a CAGR of 5.5% during the forecast period from 2026 to 2035. In 2026, the industry size of coal tar pitch is assessed at USD 4.7 billion.
The market for coal tar pitch is primarily influenced by the rising demand from the aluminum sector, particularly for the carbon anodes utilized in aluminum smelting. In 2020, China remained the world's highest producer and consumer of aluminum, accounting for 36.7 million tons, or roughly 56.7% of the world's total production. The demand for primary aluminum worldwide reached record highs in 2021 and is expected to reach 67.4 million tons for the year. The government of India has several initiatives that will increase the country's metal consumption, including Make in India, Housing for All, Smart Cities, a national infrastructure pipeline worth Rs 100 lakh crore, renewable energy, FAME (Faster adoption of manufacturing of Hybrid and EV) schemes for electric vehicles, increased foreign direct investment, and more.
The supply chain for coal tar pitch was thriving, featuring a variety of producers and consumers involved in the coal tar pitch market. In the year 2023, India exported around 114,406 kilograms of coal tar pitch, whereas Indonesia emerged as the largest consumer with an approximate consumption of 27,845,900 kg. Producers are now investing in production capacity. For instance, Epsilon Carbon strengthened its global specialty carbon and carbon black presence with a Bellary plant producing 200,000 metric tons of specialty carbon and 115,000 metric tons of carbon black, aiming to raise carbon black capacity to 215,000 metric tons in December 2024. In addition, there is also significant R&D investment, which offers growth opportunities and sustainability opportunities for future carbon products, in addition to meeting regulatory conditions.
