Global Coal Market Opportunities & Strategies, 2019-2022 - The Sub-Bituminous Coal Segment Will Gain $0.53 Billion of Global Annual Sales by 2022 - ResearchAndMarkets.com

DUBLIN--()--The "Coal Global Market Opportunities And Strategies To 2022" report has been added to ResearchAndMarkets.com's offering.

This report describes and evaluates the global coal market. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period.

The global coal market reached a value of nearly $366.7 billion in 2018, having declined at a compound annual growth rate (CAGR) of -11.7% since 2014. The global coal market is expected to further decline at a CAGR of -2% to nearly $338.4 billion by 2022.

Growth in the historic period resulted from the increased demand for coal power generation, the 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 several fatal accidents at coal mines.

Going forward, a growing share of coal in power generation mainly in developing countries, government policies providing subsidies and encouraging foreign direct investments, economic growth in emerging markets and changes in government policies favouring the mining industry will drive growth. Factors that could hinder the growth of the coal market in the future include a continuous shift to alternative sources for power generation, environmental impacts of coal, skills shortages in the coal mining industry and the mining industry overall, and reductions in free trade.

The coal market in this report is segmented by type of coal into bituminous coal, sub-bituminous coal, lignite and anthracite. 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%.

The coal market in this report is also segmented by end use industry into electricity, steel, cement and others. The electricity market was the largest segment of the coal market by end use industry in 2018 at 57.3%.

The Asia Pacific was the largest market for coal, accounting for 76.7% of the global market in 2018. It was followed by North America, Africa and then the other regions. Going forward, the fastest growing regions in the coal market will be the Middle East and Eastern Europe, where growth will be at CAGRs of 7.9% and 2.6% respectively. These will be followed by Africa and South America where the markets will grow at CAGRs of -0.7% and -1.5% respectively.

The coal market is highly fragmented, with a large number of small players. The top ten competitors in the coal market made up 25.27% of the total market in 2018. Major players in the market include China Shenhua Energy Company Limited, Coal India Limited, China Coal Energy Co., Ltd., Yanzhou Coal Mining Company Limited and BHP.

The top opportunities in the coal market by type of coal will arise in the sub-bituminous coal segment which will gain $0.53 billion of global annual sales by 2022. The coal market will gain the most in India at $12.3 billion. Market-trend-based strategies for the coal market include adopting innovative technologies such as automated temporary roof support (ATRS) and mobile roof support (MRS) to prevent mining accidents, using 3D mine visualizers to identify difficult terrains, investing in big data analytics to improve performance, adopting open-pit mining methods to extract coal in a safe and cost-effective manner, and using underground coal gasification process to produce syngas in an environmentally friendly manner. Player-adopted strategies in the coal industry include developing and acquiring coal mining projects through sustainable investments, collaborating with state governments and railways to link the coalfields with rail lines to speed up coal evacuation, and carrying out coal exploration activities in new regions.

To take advantage of these opportunities, the author recommends the coal mining companies to focus on using clean coal technologies, adopting sensor-based sorting, investing in emerging markets, using e-auctions, and focusing on fast-growing end-use industries.

Companies Mentioned

  • Anglo American plc
  • Arch Coal, Inc.
  • Banpu Public Company Ltd.
  • Camaro
  • Canyon Coal
  • Central Alborz Coal Company
  • China Coal Energy Company Limited
  • China Northern Rare Earth Group High-Tech Co. Ltd.
  • China Shenhua Energy Company Limited
  • Cloud Peak Energy Inc.
  • Coal India Limited
  • Consol Energy
  • Contura Energy Inc.
  • Datong Coal
  • Eastern Alborz Coal Company
  • Eta-Zuma Group Ltd
  • Glencore
  • Ichor Coal
  • Inner Mongolia Yitai Coal Co., Ltd.
  • Jiangxi Copper Co. Ltd
  • Kompania Wglowa
  • Mitsubishi Corporation
  • Mitsui Coal Holding
  • Murray Energy Corp
  • New World Resources
  • Peabody Energy Corp
  • Peabody Energy Corporation
  • PT Adaro Energy Tbk
  • Rio Tinto Group
  • Russian Coal Group
  • SUEK
  • Sumitomo Metal Mining
  • Teck Resources
  • UK Coal Surface Mines Limited
  • Vale SA
  • Zijin Mining Group Company Limited

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900