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Stock impact report

Coal Tar Pitch Markets - Global Forecasts from 2024 to 2029: Steel Production Boom Spurs Growth, Automotive and Aerospace Industries Accelerate Expansion [Yahoo! Finance]

Koppers Holdings Inc. Koppers Holdings Inc. (KOP) 
Last koppers holdings inc. koppers holdings inc. earnings: 2/27 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The coal tar pitch market is expected to grow at a CAGR of 4.28% during the forecast period (2024-2029) The coal tar pitch market is quite healthy and essential for use across different industries. This market is fueled by the rising need for coal tar pitch in consumption sectors, which include manufacturing aluminum, producing graphite electrodes and carbon anodes, roofing by bitumen, and manufacturing carbon fibers. Coal-tar pitch in the aluminum industry is used to prepare graphite blocks used in making anodes; these are vital in aluminum electrolysis. Equally, the steel industry uses CTP as an input in producing graphite electrodes for electric arc furnaces used to manufacture steel. The construction industry also plays an important role in the development of the coal tar pitch market, primarily in roofing felts and asphalt pavements, due to its water resistance and toughness. Furthermore, enhancing the requirements for clean energy solutions, including solar thermal systems, Show less Read more
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