North America Wood Tar Market (2022-2028) | Revenue, Growth, Industry, Size, Share, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Name: North America Wood Tar Market (2022-2028) | Revenue, Growth
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Wood Tar Market, North America Wood Tar Market, North America Wood Tar Market Revenues, North America Wood Tar Market Share, North America Wood Tar Market Size, North America Wood Tar Market Outlook, North America Wood Tar Market Report, North America Wood Tar Market Competition, North America Wood Tar Market Overview, North America Wood Tar Market Trends, North America Wood Tar Market Forecast

Market Forecast by Countries (United States, Canada), By Type (Resinous Wood Tar, Hardwood Tar), By Production Type (Carbonization, Destructive Distillation), By Application (Construction Coatings, Animal Husbandry, Ship Coatings, Pharmaceuticals, Metallurgy, Others) And Competitive Landscape

Product Code: ETC406658	Publication Date: Nov 2022	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 250	No. of Figures: 50	No. of Tables: 25

North America Wood Tar Market Synopsis

North America Wood Tar Market is expected to grow over the forecast period. The growth of the wood tar market can be attributed to the increasing demand for adhesives and sealants in various industrial applications. In addition, rising automotive production rates are also set to fuel the demand for these products. However, high costs associated with production and stringent environmental regulations are restraining the growth of the market.

According to 6Wresearch, the North America Wood Tar Market size is expected to grow during 2022-2028. Wood tar is a by-product of the oil and gas refining process and can be found in both crude oil and refined products. Wood tar is used as a sealant and adhesive in the manufacturing of paper, textiles, paints and coatings. Tar was once used as a waterproofing material for ships and boats, but it is now mainly used in the production of asphalt and roofing felt.

Drivers for the North America Wood Tar Market

The reasons for this growth are manifold. Firstly, there has been an increase in the adoption of renewable energy sources, which necessitates the use of alternative fuels such as wood tar. Secondly, there is a growing demand for transportation fuel due to increasing vehicular emission norms and regulations. Thirdly, the increasing investment in infrastructure such as buildings and roads will support the growth of the wood tar market. The growth in the market can be attributed to increasing demand for coating products, which are being used to improve the performance of materials. In addition, rising pollution levels are causing consumers to switch to environmentally friendly products.

Additionally, the North America Wood Tar Market growth can be attributed to the increasing demand for adhesives and sealants in various industrial applications. Rising automotive production rates are also set to fuel the demand for these products. In addition, increasing awareness about sustainability initiatives is expected to boost the use of wood tar in various industries.

The growth of the wood tar market can also be attributed to the increasing demand for adhesives and sealants in various industrial applications. Rising automotive production rates are also set to fuel the demand for these products. In addition, increasing awareness about sustainability initiatives is expected to boost the use of wood tar in various industries. Several factors are hampering the growth of the wood tar market, including high costs associated with production, stringent environmental regulations and unfavourable geographical conditions that hinder transportation and distribution.

Challenges in the North America Wood Tar Market

Several factors are hampering the North America Wood Tar Market revenue. These include high costs associated with production, stringent environmental regulations and unfavourable geographical conditions that hinder transportation and distribution.

The biggest challenge facing the wood tar market is its price. Wood tar is expensive to produce and transport, which limits its viability as a cost-effective alternative to traditional sealants. Second, the toxicity of wood tar has resulted in bans or restrictions on its use in some countries. This has limited its appeal to consumers who are concerned about environmental issues.

Despite these challenges, there are a number of companies actively pursuing applications for wood tar products. These firms are working to improve the product's price and toxicity profile so that it can achieve greater widespread adoption.

Market Analysis based on Countries

The North America Wood Tar Market share in the U.S. is expected to witness high growth owing to increasing demand for thermal insulation products such as roofing shingles, wall coatings, etc., among others. Moreover, the prevalence of green building initiatives will also help drive the growth of this market in the country over the forecast period. In Canada, the wood tar market is expected to grow owing to increasing demand for roof coatings among others across various end use industries such as transportation sector and commercial buildings. Furthermore, legalization of varnishes in 2015 has helped support the growth of this market in this country over the forecast period.

Market Analysis based on Production Type

The carbonization process is the most common type of wood tar production. This process converts logs into a black powder through the burning of lignocellulose in the presence of air and carbon dioxide under high temperature and pressure. The destructive distillation process is another type of production used to extract oil from wood tar. This process uses heat and chemicals to break down the lignocellulosic material into hydrocarbons such as benzene, naphtha, and gasoline.

Impact of COVID-19 on the North America Wood Tar Market

The Coronavirus pandemic has caused a significant decrease in demand for Global Wood Tar Market, as many industries have been forced to scale back production or close entirely. This has led to a sharp decline in prices for these commodities. The situation is unlikely to improve in the near term, as the global economy is forecast to contract sharply in 2020 due to the pandemic.

Competitive Landscape for the North America Wood Tar Market

The competitive landscape of the wood tar market is highly fragmented with a number of key players operating in the market. These players are focusing on expanding their product portfolio, enhancing their marketing initiatives and expanding their distribution channels.

Key Attractiveness of the Report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2018 to 2021.
Base Year: 2021.
Forecast Data until 2028.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

North America Wood Tar Market Outlook
Market Size of North America Wood Tar Market, 2021
Forecast of North America Wood Tar Market, 2028
Historical Data and Forecast of North America Wood Tar Revenues & Volume for the Period 2018 - 2028
North America Wood Tar Market Trend Evolution
North America Wood Tar Market Drivers and Challenges
North America Wood Tar Price Trends
North America Wood Tar Porter's Five Forces
North America Wood Tar Industry Life Cycle
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Type for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Resinous Wood Tar for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Hardwood Tar for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Type for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Resinous Wood Tar for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Hardwood Tar for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Type for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Resinous Wood Tar for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Hardwood Tar for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Production Type for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Carbonization for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Destructive Distillation for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Production Type for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Carbonization for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Destructive Distillation for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Production Type for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Carbonization for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Destructive Distillation for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Application for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Construction Coatings for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Animal Husbandry for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Ship Coatings for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Pharmaceuticals for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Metallurgy for the Period 2018 - 2028
Historical Data and Forecast of North America Wood Tar Market Revenues & Volume By Others for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Application for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Construction Coatings for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Animal Husbandry for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Ship Coatings for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Pharmaceuticals for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Metallurgy for the Period 2018 - 2028
Historical Data and Forecast of United States Wood Tar Market Revenues & Volume By Others for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Application for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Construction Coatings for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Animal Husbandry for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Ship Coatings for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Pharmaceuticals for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Metallurgy for the Period 2018 - 2028
Historical Data and Forecast of Canada Wood Tar Market Revenues & Volume By Others for the Period 2018 - 2028
North America Wood Tar Market - Key Performance Indicators
North America Wood Tar Market - Import Export Trade Statistics
North America Wood Tar Market - Opportunity Assessment By Countries
North America Wood Tar Market - Opportunity Assessment By Type
North America Wood Tar Market - Opportunity Assessment By Production Type
North America Wood Tar Market - Opportunity Assessment By Application
North America Wood Tar Market - Top Companies Market Share
North America Wood Tar Market - Top Companies Profiles
North America Wood Tar Market - Comparison of Players in Technical and Operating Parameters
North America Wood Tar Market - Strategic Recommendations