Global Coal Trading Market 2023| Industry Top Players - Arch Coal Inc., PT Adaro Energy Tbk., Coal India Limited, PT Bumi Resources Tbk., Glencore Plc, Siberian Coal Energy Company, China Shenhua Energy Company, BHP Billiton Limited, Anglo American Plc.,

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Coal Trading Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Coal Trading Market have been elaborated upon in the research 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 Transparency Market Research 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.

Affordability of Lignite makes it a Winning Product Segment

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.

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Changing Infrastructure Scenario of Asia Pacific Keeps Region in Leading Position

Asia Pacific is steering the growth of the coal trading market, fueling its activities with a fast-pace industrialization and a list of ongoing infrastructure projects. Thus, the humungous amount of power required by these elements is largely determining the establishment and expansion of power plants to cater to the electricity demands. The burgeoning economies of China and India are anticipated to keep coal trading activities in top gear due to the ever-increasing population that will demand energy in the coming years.

The players forming the core of the competitive rivalry in the global coal trading market are Arch Coal Inc., PT Adaro Energy Tbk., Coal India Limited, PT Bumi Resources Tbk., Glencore Plc, Siberian Coal Energy Company, China Shenhua Energy Company, BHP Billiton Limited, Anglo American Plc., and , Peabody Energy Corporation. The competition in the overall market is exceptionally stiff due to the presence of a few players. In the coming years, the companies are anticipated to partner with regional players to get easy access to new markets and establish operational stability. 

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This release was published on openPR.