Wood tar is produced from a variety of natural materials by destructive distillation. Wood tar can be extracted from straw, wood, and the like. Wood tar is a tar type containing a mixture of free carbon and hydrocarbons.
Market Data Analysis:
The global Wood Tar market is expected to increase from USD 131 million in 2019 to USD 176 million by 2026, registering a CAGR of 4.32% from 2019 to 2026. The growth can be attributed to increasing demand for Wood Tar in Animal Husbandry, Ship Coatings, and Construction Coatings applications. With the recovery of the global economy and the development of emerging powers, the Wood Tar market is endowed with a promising future.
Geographically, this market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia-Pacific is the largest market at a share of 34.77%, followed by North America and Europe, accounting for 26.95% and 24.32% respectively.
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Market Classification:
Global Wood Tar market: Type segments
• Hardwood Tars
• Resinous Tars
• Other Tars
Global Wood Tar market: Application segments
• Animal Husbandry
• Ship Coatings
• Construction Coatings
• Other Applications
Global Wood Tar market: regional segments
l North America (United States, Canada, and Mexico)
l Europe (Germany, France, UK, Russia, and Italy)
l Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
l South America (Brazil, Argentina, Columbia)
l The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Wood Tar market, including Auson, Skandian Group, Xinzhongxing Biomass, Verdi Life, Kemet, Lacq, Fusheng Carbon, Shuanghui Active Carbon, Albert Kerbl, S.P.S. BV, Eco Oil, Bashles, etc. These participants have adopted various growth strategies to meet the growing demand for Wood Tar market and to increase their market share.
Wood Tar Market Intended Audience:
l Wood Tar manufacturers
l Wood Tar importers and exporters
l Wood Tar traders, distributors, and suppliers
l Raw material suppliers of Wood Tar
l Wood Tar industry associations
l Product managers, Wood Tar industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
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