Global Coal Trading Market Expected to Rise at a CAGR of 3.43% in Terms of Volume

An insightful study, titled “Coal Trading Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This 108 page research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.

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The phenomenal infrastructural growth across the globe has created a huge demand for energy in several direct and indirect ways. The unprecedented rate of industrialization has also led to a huge need for energy, thereby triggering coal trading activities. An analysis published by Market Research Reports Search Engine states that 42% of the overall energy generation can be attributed to coal. Keeping true to this statement, analysts have predicted that coal trading will stand at 10,951 million tons (MT) by 2023. The market, by volume, was 8,086 million tons (MT) in 2014. Between 2015 and 2023 the market is expected to rise at a CAGR of 3.43% in terms of volume.

Coal trading is also going to be facilitated by the fact that it is an exceptionally cheap commodity as compared to natural gas and oil. Its deep reserves also make it is a safe raw material for the production of energy. Furthermore, coal is available abundantly, commonly, and requires low-cost logistics, making it the best possible option for meeting the energy demands of the world. The rise in the coal trading activities is also attributable to the score of coal companies expanding their operations in the near future.

The lignite product segment is anticipated to grow more than the other product segments due to its increasing usage in the iron, power, and steel industries. This growth will be supported by the low cost of production involved in setting up lignite-fired power plants. Furthermore, it also happens to be the most affordable product and has a low calorific value.

The biggest hurdle in the demand for lignite is the transportation challenge due to the high content of moisture present in lignite. However, coal traders are overcoming this obstacle by setting up their power plants close to the mines. With this scenario, the lignite coal product segment is anticipated to expand at 3.04% CAGR in the same forecast period.

Rise in industrial development in Asia Pacific is a major driver for the coal trading market in the region. North America was the second-largest market for coal trading in 2014. The market in North America and Rest of the World experienced sluggish growth in the year. However, growth in infrastructure activities is anticipated to boost market growth in these regions in the near future. China, and India are likely to emerge as high potential markets for coal trading in Asia Pacific.

The coal trading market was segmented on the basis of type into lignite, sub-bituminous, bituminous and anthracite. Coal was segmented on the basis of application such as power, iron, cement and others. The coal trading market was analyzed across five geographies: North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Regional data has been provided for each sub-segment of the coal trading market. Key players in the market include Arch Coal Inc., Coal India Limited, PT Adaro Energy Tbk., PT Bumi Resources Tbk., China Shenhua Energy Company, Glencore Plc, Siberian Coal Energy Company, BHP Billiton Limited, Peabody Energy Corporation, and Anglo American Plc. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

To know the latest trends and insights prevalent in this market, click the link below: https://www.mrrse.com/coal-trading-market

Coal Trading Market: By Type

Lignite
Sub-bituminous
Bituminous
Anthracite
Coal trading Market: By Application

Power
Iron & Steel
Cement
Others such as small & medium sized enterprises, household heating, fertilizers, paper etc.
Coal Trading Market: By Region

North America
S.
Canada
Mexico
Europe
Germany
Kazakhstan
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
Middle East & Africa
South Africa
Rest of Middle East & Africa
South & Central America
Brazil
Argentina
Rest of South & Central America
 
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