Petroleum Pitch Market to 2030 |Growth, Analysis, Trends, Industry Analysis and Overview
Petroleum Pitch Market Overview According to Market Research Future (MRFR)’s analysis, the global petroleum pitch market is poised to strike a CAGR of 3.03% during the forecast period 2018 to 2023. The valuation of the market has been estimated to touch USD 1,135.1 Mn by 2023-end up from USD 954.1 Mn in 2017. Petroleum pitch has developed application across the production process of various carbon-based products such as clay pigeons, refractory bricks, and carbon fibers. Although the market is on the verge of entering a phase of maturity, the growing demand for carbon-based products is likely to accelerate revenue creation for the market players. Petroleum pitch is excessively consumed for the production of aluminum anodes. A rise in the production level of aluminum nodes is further anticipated to aid the proliferation of the market. In addition, the growth of the automobile industry is presumed to influence the revenue generation of the petroleum pitch market size positiv...