Coal Trading Market 2023 | Global Key Player : Arch Coal Inc., PT Adaro Energy Tbk., Coal India Limited, PT Bumi Resources Tbk., Glencore Plc, Siberian Coal Energy Company
An
insightful study, titled “Coal Trading Market –
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023” has been freshly broadcasted to the vast research
repository of Market Research Reports Search Engine (MRRSE). This 108 page
research study provides detailed comprehensions and forecasts future growth of
the global market with an in-depth study of the factors impacting revenue
growth throughout the mentioned forecast period. Further, a deep analysis on
the major players from diverse regions is also present in the report.
The phenomenal infrastructural growth across the globe has
created a huge demand for energy in several direct and indirect ways. The
unprecedented rate of industrialization has also led to a huge need for energy,
thereby triggering coal trading activities. An analysis published by Market
Research Reports Search Engine states that 42% of the overall energy generation
can be attributed to coal. Keeping true to this statement, analysts have
predicted that coal trading will stand at 10,951 million tons (MT) by 2023. The
market, by volume, was 8,086 million tons (MT) in 2014. Between 2015 and 2023
the market is expected to rise at a CAGR of 3.43% in terms of volume.
Coal trading is also going to be facilitated by the fact that it
is an exceptionally cheap commodity as compared to natural gas and oil. Its
deep reserves also make it is a safe raw material for the production of energy.
Furthermore, coal is available abundantly, commonly, and requires low-cost
logistics, making it the best possible option for meeting the energy demands of
the world. The rise in the coal trading activities is also attributable to the
score of coal companies expanding their operations in the near future.
The lignite product segment is anticipated to grow more than the
other product segments due to its increasing usage in the iron, power, and
steel industries. This growth will be supported by the low cost of production
involved in setting up lignite-fired power plants. Furthermore, it also happens
to be the most affordable product and has a low calorific value.
The biggest hurdle in the demand for lignite is the
transportation challenge due to the high content of moisture present in
lignite. However, coal traders are overcoming this obstacle by setting up their
power plants close to the mines. With this scenario, the lignite coal product
segment is anticipated to expand at 3.04% CAGR in the same forecast period.
Rise in industrial
development in Asia Pacific is a major driver for the coal trading market in
the region. North America was the second-largest market for coal trading in
2014. The market in North America and Rest of the World experienced sluggish
growth in the year. However, growth in infrastructure activities is anticipated
to boost market growth in these regions in the near future. China, and India
are likely to emerge as high potential markets for coal trading in Asia
Pacific.
The coal trading
market was segmented on the basis of type into lignite, sub-bituminous,
bituminous and anthracite. Coal was segmented on the basis of application such
as power, iron, cement and others. The coal trading market was analyzed across
five geographies: North America, Europe, Asia Pacific, Middle East &
Africa, and South & Central America. Regional data has been provided for
each sub-segment of the coal trading market. Key players in the market include
Arch Coal Inc., Coal India Limited, PT Adaro Energy Tbk., PT Bumi Resources
Tbk., China Shenhua Energy Company, Glencore Plc, Siberian Coal Energy Company,
BHP Billiton Limited, Peabody Energy Corporation, and Anglo American Plc. The
report provides an overview of these companies, followed by their financial
details, business strategies, and recent developments.
To know the latest trends and insights prevalent
in this market, click the link below: https://www.mrrse.com/coal-trading-market
Coal Trading Market:
By Type
·
Lignite
·
Sub-bituminous
·
Bituminous
·
Anthracite
Coal trading Market:
By Application
·
Power
·
Iron & Steel
·
Cement
·
Others such as small
& medium sized enterprises, household heating, fertilizers, paper etc.
Coal Trading Market:
By Region
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o Kazakhstan
o Rest of Europe
·
Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
·
Middle East &
Africa
o South Africa
o Rest of Middle East & Africa
·
South & Central
America
o Brazil
o Argentina
o Rest of South & Central America
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this Report @ https://www.mrrse.com/enquiry/1662
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