Global Metallurgical Coal Market 2019-2023 | High Demand for Coal Tar to Boost Growth | Technavio

Technavio has announced its latest market research report titled global metallurgical coal market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global metallurgical coal market is expected to post a CAGR of over 2% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

Coal tar is a black or brown liquid of high viscosity, and it is one of the by-products of the coking process. This process includes the heating of coal in coke ovens to eliminate volatile matter from coal to produce coke, which is used as a fuel and reducing agent to produce steel, iron, and in many other processes. Coal tar is used widely to produce refined chemicals and coal-tar-based products such as coal-tar pitch and creosote. The demand for coal tar is increasing at a substantial rate, which will drive the growth of the metallurgical coal market during the forecast period.

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As per Technavio, the advancements in mining industry will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Metallurgical Coal Market: Advancements in the Mining Industry

Advancements in the mining industry is one of the major trends being witnessed in the global metallurgical coal market 2019-2023. The mining industry is transforming with the shift in focus toward automation. This is due to various technological developments in machine learning, artificial intelligence, and robotics. Such technological developments can enable mining at unconventional locations such as ocean beds.

“Coal tar is also being used in the healthcare industry in the production of creams, shampoos, lotions, ointments, and bath additive forms. It is also being used to treat various skin conditions such as psoriasis, eczema, and dandruff. The use of coal tar in health and personal care products helps to delay the aging of skin cells and improves the appearance of skin. This has led to the increasing demand for coal tar from the healthcare industry,says a senior analyst at Technavio.

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Global Metallurgical Coal Market: Segmentation Analysis

This market research report segments the global metallurgical coal market by application (steelmaking and non-steelmaking) and by region (the Americas, EMEA, and APAC).

The APAC region led the market in 2018, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market and register the highest incremental growth.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global metallurgical coal market is expected to post a CAGR of over 2% during the period 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com