Press release
Coal Market Global Industry Analysis on Size, Share, Growth, Trends And Forecast to 2022
coal market consists of sales of bituminous and sub-bituminous coal, lignite and anthracite coal by entities (organizations, sole traders and partnerships) that mine bituminous, sub-bituminous, lignite and anthracite coal by underground mining, strip mining, culm bank mining, and other surface mining techniques.
Growth in the historic period resulted from the increased demand for coal power generation, presence of large coal reserves globally and technological advances in power generation that increased the efficiency of coal power plants.
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The top opportunities in the coal market by type of coal will arise in the sub-bituminous coal segment which will gain $0.53 billion of global annual sales by 2022. The coal market will gain the most in India at $12.30 billion. Market-trend-based strategies for the coal market include adopting innovative technologies such as automated temporary roof support (ATRS) and mobile roof support (MRS) to prevent mining accidents, using 3D mine visualizers to identify difficult terrains, investing in big data analytics to improve performance, adopting open-pit mining methods to extract coal in a safe and cost-effective manner, and using underground coal gasification process to produce syngas in an environmentally friendly manner.
Coal Market Segmentation: -
By Type - The coal market is segmented by type of coal
1. Bituminous Coal
2. Sub-Bituminous Coal
3. Anthracite
4. Lignite
The bituminous coal market was the largest segment of the coal market by type of coal in 2018 at 62.6%. The sub-bituminous market will be the fastest-growing segment going forward at a CAGR of 0.2%.
By End-Use - The coal market is segmented by end-use
1. Electricity
2. Steel
3. Cement
4. Others
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By Geography - The coal market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa
Asia Pacific was the largest market for coal, accounting for 76.7% of the global market in 2018. It was followed by North America, Africa and then the other regions. Going forward, the fastest growing regions in the coal market will be Middle East and Eastern Europe.
Some of the major key players involved in the coal Market are Anglo American plc, Peabody Energy Corporation, Inner Mongolia Yitai Coal Co., Ltd., PT Adaro Energy Tbk, Rio Tinto Group, Banpu Public Company Ltd., Arch Coal, Inc., Consol Energy, Datong Coal, Vale SA, Cloud Peak Energy Inc., Teck Resources, Contura Energy Inc., Arch Coal, Murray Energy Corp, Contura Energy Inc., Peabody Energy Corp, Glencore, UK Coal Surface Mines Limited, Anglo American plc., China Coal Energy Company Limited, Mitsubishi Corporation, China Shenhua Energy Company Limited, Coal India Limited, Sumitomo Metal Mining, Zijin Mining Group Company Limited, China Northern Rare Earth Group High-Tech Co. Ltd., Jiangxi Copper Co. Ltd, Mitsui Coal Holding, SUEK, Russian Coal Group, Kompania Weglowa, New World Resources, Eta-Zuma Group Ltd.
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