China Coal Tar Industry Grew at an Aagr of 8.3%, Reaching 476.90 Million Tons in 2014

ResearchMoz.us include new market research report" China Coal Tar Industry Report, 2014-2017 " to its huge collection of research reports.

Coal tar, a by-product of coke production, sees its output change with coke output.

During 2005-2014, with China’s increased demand for steel, coke output grew at an AAGR of 8.3%, reaching 476.90 million tons in 2014, with actual amount of coal tar recycled amounting to about 15.70 million tons. Coal tar producing areas are focused on Shanxi, Hebei, Shandong, etc, of which Shanxi contributed around 18% of the country’s total output in 2014.

Read The Complete Report With TOC @ http://www.researchmoz.us/china-coal-tar-industry-report-2014-2017-report.html

Main consumption markets of coal tar in China are deep-processed products (including phenol, anthracene, industrial naphthalene, coal tar pitch, etc.) and carbon black, with the former accounting for roughly 75% of coal tar consumption in 2014, the year in which China’s deep-processing amount of coal tar touched 11.40 million tons or so, registering a CAGR of 13.3% over the last decade.

Coal tar deep-processed products are important raw materials for pharmaceuticals, agricultural chemicals, dyes, and synthetic fibers, with strong profitability, leading to investment in coal tar deep-processing projects by a large number of companies in China in recent years. In 2014, China boasted coal tar deep-processing capacity of 24.10 million tons, concentrated mainly in North China and East China, which together occupied a proportion of more than 60%.

There are more coal tar deep-processing companies in China with fierce industrial competition. In order to promote sound development of the industry and gradually eliminate backward capacities, the Ministry of Industry and Information Technology in Mar 2014 issued Access Conditions of Coking Industry, providing that anhydrous coal tar processing capacity of single facility shall be no less than 150 kt/a. In 2014, the top3...