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Metallurgical Coal Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Metallurgical Coal Market
Metallurgical Coal Market Size, Growth Rate, And Forecast
The global metallurgical coal market size is expected to grow from $14.15 billion in 2022 to $14.70 billion in 2023 at a compound annual growth rate (CAGR) of 3.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global metallurgical coal market size is expected to reach $16.39 billion in 2027 at a CAGR of 2.7%.
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Metallurgical Coal Market Drivers
The increased demand for steel is expected to propel the growth of the metallurgical coal market going forward. Steel is a robust and durable metal made of iron alloyed with different amounts of carbon and frequently with other metals, such as nickel, chromium, and manganese, to give properties like hardness and resistance to rusting. Metallurgical coal is the primary carbon source used in steel production, also known as coking coal. Coking coal is essential in steel-making because it provides the heat needed to melt the ore and removes oxygen from the iron ore during combustion, leaving just the pure metal. Steel demand is rising as infrastructure develops in the automotive industry for the production of vehicles such as cars and trucks, as well as manufacturing and industrial production for industrial uses.
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Metallurgical Coal Market Segments
• By Type: Hard Coking Coal (HCC), Medium Coking Coal, Semi-Soft Coking Coal (SSCC), Pulverized Coking Injection (PCI) Coal
• By Application: Steelmaking, Non-Steelmaking
• By End-User: Iron And Steel, Chemical And Pharmaceutical, Paper And Pulp, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the metallurgical coal market.
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Metallurgical Coal Market Key Players
Major competitors in the metallurgical coal market include Coal India Ltd., Anglo American Plc, Arch Coal Inc., Bharat Coking Coal Ltd., BHP Group plc, China Coal Energy Co. Ltd., China Shenhua Energy Co. Ltd., Coronado Global Resources Inc., Glencore Plc, Teck Resources Ltd., Vale SA, Raspadskaya, Alpha Natural Resources, SHANXI COKING COAL GROUP.
The Business Research Company's "Global Metallurgical Coal Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Metallurgical Coal Market Include:
1. Executive Summary
2. Metallurgical Coal Market Characteristics
3. Metallurgical Coal Market Trends And Strategies
4. Metallurgical Coal Market - Macro Economic Scenario
5. Metallurgical Coal Market Size And Growth
……
26. Africa Metallurgical Coal Market
27. Metallurgical Coal Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Metallurgical Coal Market
29. Metallurgical Coal Market Future Outlook and Potential Analysis
30. Appendix
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