The Business Research Company’s “Coal Market By Type (Bituminous Coal, Sub-Bituminous Coal, Lignite Mining And Anthracite Mining), By Application ( Electricity, Steel, Cement, And Others), Market Characteristics, Market Players And Trends– Global Forecast To 2022” under its mining category covers market characteristics, key players, market size and trends from 2019 to 2022.
The Coal market is expected to grow at a CAGR of around -2% to nearly $340 billion by 2022. Growth in the historic period resulted from technological advances in power generation. Going forward, emerging markets growth and policy changes to encourage coal will drive growth. Factors that negatively affected growth in the historic period were shift to alternative sources of energy, price volatility and fatal accidents in coal. Factors that could hinder the growth of this market in the future alternative sources of power generation, environmental impacts of coal and stringent regulations on coal.
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The coal market is segmented by type, by application and by geography.
By Type –
- Bituminous Coal,
- Sub-Bituminous Coal,
- Lignite Mining And
- Anthracite Mining
The bituminous coal market accounted for the largest share of the coal market in 2018 at around 62%. The sub-bituminous coal market is expected to be the fastest-growing segment.
- Cement, And
By Geography –
- North America
- South America
- Asia Pacific
- Eastern Europe
- Western Europe
- Middle East
Among these regions, Asia-Pacific is the largest market for coal market, accounting for about 78% of the global market. It was followed by North America, Middle East and then the other regions. Going forward, South America, and North America will be the fastest growing regions in this market. This is followed by, Africa and Middle East .
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This post was originally published on Analytics News