The Coal, Lignite, And Anthracite Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Coal, Lignite, And Anthracite Global Market Report 2024, The coal, lignite, and anthracite market size has grown steadily in recent years. It will grow from $888.78 billion in 2023 to $922.78 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to industrialization and economic growth, energy infrastructure, global energy demand, geopolitical factors.
The coal, lignite, and anthracite market size is expected to see steady growth in the next few years. It will grow to $1010.19 billion in 2028 at a compound annual growth rate (CAGR) of 2.3%. The growth in the forecast period can be attributed to transition to clean energy, economic trends, consumer preferences, energy efficiency. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .
The increasing share of coal in power generation in some countries is expected to drive the coal market. About 20 countries are turning to coal for power generation, including nine in Africa (Democratic Republic Congo, Egypt, Côte d’Ivoire, Kenya, Morocco, Mozambic, Niger, Senegal and Tanzania), three in Central America (Dominican Republic, Panama, and Salvador), two in the Middle East (the UAE and Jordan) and three in Asia (Bangladesh, Cambodia and Myanmar). By 2025, more than 65 coal-fired power plants could be commissioned in these countries, representing a capacity of 50 GW. Significant increases in coal use are also expected in Vietnam, the Philippines, and Malaysia. Countries such as China, India and Indonesia, where electricity is produced primarily from coal, will significantly reduce the share of coal in their power mix, but not below 35%, due to the abundance of domestic coal reserves and their economic attractiveness. The continued demand for coal in power generation globally and the increasing share of coal in power generation in some countries will drive the coal market going forward.
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Major Players:
- China Shenhua Energy Company Limited
- Glencore PLC
- China Coal Energy Company Limited
- Coal India Ltd.
- Shaanxi Coal Industry Company Limited
The coal, lignite, and anthracite market covered in this report is segmented –
1) By Type: Coal; Lignite; Anthracite
2) By Mining Technology: Surface Mining; Underground Mining
3) By Organization Size: Large Enterprises; Small And Medium Enterprises
4) By End-User Industry: Electricity; Steel; Cement; Other End-User Industries
Subsegments Covered: Bituminous Coal; Sub-Bituminous Coal
The coal, lignite, and anthracite market report table of contents includes:
1. Executive Summary
2. Coal, Lignite, And Anthracite s Market Characteristics
3. Coal, Lignite, And Anthracite s Product/Service Analysis -Product/Service Examples
4. Coal, Lignite, And Anthracite s Market Trends And Strategies
5. Coal, Lignite, And Anthracite s Market – Macro Economic Scenario
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68. Global Coal, Lignite, And Anthracite s Market Competitive Benchmarking
69. Global Coal, Lignite, And Anthracite s Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Coal, Lignite, And Anthracite s Market
71. Coal, Lignite, And Anthracite s Market Future Outlook and Potential Analysis
72. Appendix
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