Coal tar pitch is a raw material that can be made from various carbon materials such as activated carbon, carbon fiber, and artificial graphite through heat treatment. In particular, it is an important raw material used as a binder and impregnated pitch when manufacturing carbon composite materials. In order to improve the physical properties of such a carbon composite material, the content of β-resin is an important factor. Although β-resin plays the role of a binder, it also corresponds to fixed carbon, so it can determine the physical properties after carbonization. In this study, we compared the physical properties of coal tar pitch various temperature ramping rate, and found through Py-GC/MS analysis that intermediate materials were generated by heteroatoms such as oxygen and nitrogen. MALDI-TOF/MS analysis revealed that these intermediate materials overlapped with the molecular weight region of β-resin. Therefore, the content of β-resin is in the following order: 430–5 (12.8 wt%), 430–10 (10.2 wt%), and 430–2 (6.3 wt%), and when 430–5 is used as a binder, the highest density appeared at 1.75 g/cm3. However, such intermediate materials undergo thermal decomposition even at temperatures above 900 °C. As a result, after carbonization, 430–5 had a density of 1.60 g/cm3, which was similar or lower than that of 430–2 (1.72 → 1.63 g/cm3) and 430–10 (1.73 → 1.61 g/cm3). From these results, it is expected that if the heteroatom content is distributed in an appropriate amount and the heating rate is well controlled, it will be possible to maintain a high density even after carbonization while ensuring a high beta-resin content.