Metallurgical Coal Market Scope
Metallurgical Coal is a type of coal which is majorly used in producing a better quality of coke. These coals are an essential fuel and reactant for primary steelmaking. Metallurgical coals are having high demand due to increasing request for steels by end-users. Moreover, the industries that are manufacturing primary steelmaking have a different department that produces coal for coking, in order to ensure a low cost and stable supply of these metallurgical coals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | BHP Billiton (Australia), Teck Resources (Canada), Whitehaven Coal (Australia), Glencore (Switzerland), Yancoal (Australia), Peabody Energy (United States), Coal India Ltd (India), Mitsubishi Corporation (Japan), Mechel (Russia) and Erdenes Tavan Tolgoi JSC (East Asia) |
CAGR | 4.7% |
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Metallurgical Coal market throughout the predicted period.
BHP Billiton (Australia), Teck Resources (Canada), Whitehaven Coal (Australia), Glencore (Switzerland), Yancoal (Australia), Peabody Energy (United States), Coal India Ltd (India), Mitsubishi Corporation (Japan), Mechel (Russia) and Erdenes Tavan Tolgoi JSC (East Asia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Raspadskaya (Russia), Arch Coal (United States), Contura Energy (United States), Anglo American (United Kingdom) and China Shenhua Energy (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Metallurgical Coal market by Type , by Application (Primary steelmaking company and Others) and Region with country level break-up.
On the basis of geography, the market of Metallurgical Coal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2018, Peabody announced today that it has completed its purchase of the Shoal Creek seaborne metallurgical coal mine from private coal producer Drummond Company, Inc. Shoal Creek purchase represents a tremendous step in Peabody's commitment to upgrade our seaborne metallurgical coal portfolio and target the highly attractive seaborne demand centers.
In September 2019, globalCOAL announces today that it is introducing spot and forward markets for premium low volatile coking coal on its online coal trading platform, starting 9th October 2019.
Influencing Trend:
Advancements in Mining Industry is the Major Trend that is Being Witnessed and Anticipate Impact of Steel Industry Shifts on Metallurgical Coal Demand
Market Growth Drivers:
High Demand for Coal Tar from Industries and High Demand of Steel from Various End-User
Challenges:
Concern Related to Environment Pollution which happens from Coal and Future Extinction of these Products, as Coal is a Non-Renewable Source of Energy
Restraints:
Stringent Government Regulation for Coals, High Benchmark Metallurgical Coal Prices and Emission of Greenhouse Gases during Coal Tar Pitch
Opportunities:
Increased Shift in Focus toward Automation due to Various Technological Developments and Growing Investments from Government Sector Regarding Technological developments that can enable Mining at Unconventional Locations such as Ocean Beds
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Suppliers and Distributors of metallurgical coal and Others