According to Research For Markets, the Global Coal Market is accounted for $11.93 million in 2017 and is expected to reach $34.65 million by 2026 growing at a CAGR of 12.5% from 2017 to 2026.
The Coal Market report is a synopsis on how the market state is and how will it be in the forecast years for industry. Top players and brands are the one driving the market, the global industry report gives an in-depth knowledge on what the recent developments, products launches are, while also keeping the track for recent acquisitions, merges, joint ventures and competitive research in the global market industry.
Rising economic growth, increasing manufacturing base, and increasing demand for electricity are some of the key factors propelling the market growth. However, price instability is restricting the growth of the market.
Some of the Key Players in the Coal Industry Market Are
- Anglo Pacific Group plc,
- Altona Energy Plc,
- BHP Billiton Ltd.,
- Melior Resources Inc.,
- RWE Power,
- SouthGobi Resources Limited,
- Peabody Energy,
- China Shenhua Energy,
- Blackham Resources Limited,
- Pacific Coal Resources Ltd.,
- Shenhua Group,
- Rio Tinto,
- Arch Coal,
- Shanxi Coal,
- China Coal
- Coal India Ltd.
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Coal is a combustible black hard rock used as a solid fossil fuel. It is generally made up of 65-95% carbon and also contains hydrogen, Sulphur, oxygen and nitrogen. It is a sedimentary rock formed from peat, by the pressure of rocks laid down later on top. Coal is primarily used as a solid fuel to produce electricity and heat through combustion.
By Application, power generation segment witnessed significant growth in the market due to rising utilization for generating electricity. Thermal coal is used in power stations to generate electricity. Based on geography, Asia Pacific is expected to have a considerable growth in the market during the forecast period. Several countries in Asia Pacific such as Korea, China, and Japan lack energy resources and are thus importing natural energy resources to meet their needs. Australia is known to be the leading exporter of coal across the globe.
- Power generation
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Major TOC of Global Biosensor Market Research Report
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Coal Industry Market, By Application
6 Global Coal Industry Market, By Geography
7 Key Developments
8 Company Profiling
List of Tables
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Mentioned Points To Pounder In The Report
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- Comprehensive quantitative analysis of the industry is provided for the period of 2016-2023 to assist stakeholders to capitalize on the prevailing market opportunities.
- Learn about the market strategies that are being adopted by your competitors and leading organizations
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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