2020 Coal Market Competition Landscape by Key Players, Growth Strategy, Business Opportunities, Trends and 2022 Forecast

Coal Market - By Type (Bituminous Coal, Sub-Bituminous Coal, Lignite Mining And Anthracite Mining), By Application ( Electricity, Steel, Cement, And Others), Market Characteristics, Market Players And Trends, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global coal market reached a value of nearly $366.7 billion in 2018, having grown at a compound annual growth rate (CAGR) of -11.7% since 2014. 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. Factors that negatively affected growth in the historic period were a shift to alternative sources of energy such as natural gas and renewables, coal price volatility that interrupted procurement plans of coal end users, and a number of fatal accidents at coal mines.

The key drivers of the coal market include:
Growth In Coal Power Generation:
During the historic period, growth in coal power generation drove the coal market. This was mainly due to the increased demand for electricity, and increased use of coal in power generation in countries such as China and India. Global coal power generation grew by 3% during 2016-2017. India saw the largest annual demand growth, reaching 3.9%. Coal remains the major energy source for electricity production globally, and about two-thirds of global coal consumption is for electricity production. The global coal consumption for electricity generation grew at an annual rate of 2.8% during 2000-2017. Countries such as China, India, Indonesia, and Turkey were the largest coal consumers for electricity generation. The increased demand for power generation supported the demand for coal.

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Coal Market Segmentation:
The coal market is segmented by type of coal, by end-use industry and by geography.
By Type Of Coal- The coal market is segmented by type of coal
a) Bituminous Coal
b) Sub-Bituminous Coal
c) Anthracite
d) 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
a) Electricity
b) Steel
c) Cement
d) 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

Some of the major key players involved in coal market are
• China Shenhua Energy Company Limited
• Coal India Limited
• China Coal Energy Co., Ltd.
• Yanzhou Coal Mining Company Limited
• BHP

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