LONDON--(BUSINESS WIRE)--The global coal logistics market is expected to post a CAGR of close to 4% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the extensive use of coal as an energy source in industries. Coal is the cheapest source of energy for many industries' processes. A few of the major applications of coal are electricity generation and steel production. In 2017, coal was a source of fuel for 37% of the global electricity production. This is much higher than other sources such as natural gas and renewables.
This market research report on the global coal logistics market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the rise of coal logistics for the physically challenged population as one of the key emerging trends in the global coal logistics market:
Global coal logistics market: Emerging coal to liquid industry
The process of converting coal to liquid fuel is called coal liquefication. With fluctuating crude oil prices, which varied from more than USD 100 per barrel in 2014 to less than USD 50 per barrel in 2017, the demand for alternative fuel has increased. Liquid coal is among the alternatives of crude oil apart from other fuels such as biomass and oil shale.
“Liquid fuels derived from coal emits less air pollutants when burned than coal combustion. Liquid fuels have low levels of oxides of nitrogen and are also sulfur free. Using carbon capture and storage, coal plants can provide electricity for electric personal vehicles,” says a senior analyst at Technavio for research on logistics.
Global coal logistics market: Segmentation analysis
This market research report segments the global coal logistics market by end-user (electricity and steel) and geographical regions (APAC, EMEA, and the Americas).
The electricity segment held the largest market share in 2017, accounting for nearly 52% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 49% of the market share. The market share occupied by this region is anticipated to increase by nearly 2% during 2018-2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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