PUBLISHER: The Business Research Company | PRODUCT CODE: 1429365
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429365
Coal, a combustible sedimentary rock rich in carbon and hydrocarbons, exists in black or brownish-black formations known as coal seams.
The primary coal types are bituminous coal and sub-bituminous coal. Sub-bituminous coal, displaying shades of grey-black or dark brown, exhibits variable hardness between hard and soft, representing an intermediate stage between low-quality lignite and high-quality bituminous coal. With a carbon content ranging from 70-76%, sub-bituminous coal finds application in power plants for steam generation, contributing to electricity production. Extraction technologies encompass surface mining and underground mining, while coal caters to diverse end-user industries such as electricity, steel, cement, and others.
The coal market research report is one of a series of new reports from The Business Research Company that provides coal market statistics, including coal industry global market size, regional shares, competitors with a coal market share, detailed coal market segments, market trends, and opportunities, and any further data you may need to thrive in the coal industry. This coal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The coal market size has grown steadily in recent years. It will grow from $634.41 billion in 2023 to $651.14 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The expansion observed in the historical period can be credited to the upswing in coal power generation, the presence of substantial global coal reserves, and advancements in power generation technologies.
The coal market size is expected to see marginal growth in the next few years. It will grow to $694.71 billion in 2028 at a compound annual growth rate (CAGR) of 1.6%. Forecasted growth is driven by continued reliance on coal in developing economies, supportive government policies, expanding emerging markets, and the adoption of new policies to boost the coal sector. Key trends include advanced technologies for mining safety, autonomous operations, 3D mine visualizers, drone usage, big data analytics, x-ray diffraction for cost savings, open-pit mining for safety and cost-effectiveness, methane control tech for safety, sensor-based sorting for high-grade coal extraction, HELE coal technologies, supplying coal to CTL plants, clean coal tech for emission control, and underground coal gasification for syngas production.
The increasing need for electricity is anticipated to be a driving force behind the growth of the coal market. Electricity, a vital energy source derived from the movement of charged particles, primarily electrons, through conductors, is crucial for powering various industries and daily activities. With escalating electricity consumption, the demand for energy sources to meet these needs rises. Coal serves as a significant contributor to fulfilling the escalating demand for electricity generation, particularly in developing nations experiencing expanding energy requirements. For instance, the International Energy Agency's 2023 electricity market report projected a surge in global electricity demand to reach 29,281 terawatt-hours by 2025, up from 26,779 terawatt-hours in 2022. This surge underscores the pivotal role of rising electricity demand in driving the coal market.
The adoption of 3D mine visualizers is becoming increasingly prevalent among mining companies. These visualizers enable the creation of real-time digital models of mines, offering operators an accurate three-dimensional depiction of the mine layout. By providing a comprehensive view, 3D mine visualizers notably boost productivity within expansive mining environments. Renowned companies such as Sandvik and Komatsu are actively offering advanced 3D visualizer systems tailored for the coal mining industry, enhancing operational efficiency and precision in mine management.
Major companies operating in the coal market report are China Shenhua Energy Company Limited, China Coal Energy Co., Ltd., Coal India Limited, Yanzhou Coal Mining Company Limited, BHP, Anglo American PLC, Inner Mongolia Yitai Coal Co., Ltd., Peabody Energy Corporation, PT Adaro Energy Tbk, Banpu Public Company Ltd., Sumitomo Metal Mining, Zijin Mining Group Company Limited, Whitehaven Coal, China Northern Rare Earth Group High-Tech Co. Ltd., Jiangxi Copper Co. Ltd., Mitsubishi Corporation and Mitsui Coal Holding, Glencore, RWE AG, UK Coal Surface Mines Limited, SUEK, Russian Coal Group, CC Kolmar, Kompania Weglowa, New World Resources, Arch Resources, Cloud Peak Energy, Murray Energy Corp, Teck Resources, Contura Energy Inc., Vale, Middle East Coal, MGT Mineral Company, Kerman Coal Company, Eastern Alborz Coal Company, Central Alborz Coal Company, Canyon Coal, Ichor Coal, Exxaro, Agropet Nigeria Limited, Eta-Zuma Group Ltd.
Asia-Pacific was the largest region in the coal market in 2023. Eastern Europe was the second largest region in the coal market. The regions covered in the coal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the coal market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The coal market consists of sales of coal. It includes industries that mine coal by underground mining, strip mining, culm bank mining, and other surface mining techniques. The coal mining industry also develops coal mine sites, and improves coal, including cleaning, washing, screening, and sizing of coal. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Coal Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on coal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for coal? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The coal market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.