Coal, Lignite, And Anthracite Market Report 2024

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Overview and Scope

Coal is a combustible black or brownish-black sedimentary rock with a high amount of carbon and hydrocarbons, formed as rock strata called coal seams. Lignite is a soft, brown lowest grade coal with the least concentration of carbon that formed from naturally compressed peat. Anthracite is a hard black coal variety that has the highest carbon content with fewest impurities and burns with little flame and smoke.

Sizing and Forecast

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, .

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Segmentation & Regional Insights

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

Asia-Pacific was the largest region in the coal, lignite, and anthracite market in 2023. Eastern Europe was the second largest region in of the coal, lignite, and anthracite market. The regions covered in the coal, lignite, and anthracite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the coal, lignite, and anthracite market include China Shenhua Energy Company Limited, Glencore plc, China Coal Energy Company Limited, Coal India Ltd., Shaanxi Coal Industry Company Limited, Yanzhou Coal Mining Co. Ltd., BHP Group, Coal & Allied Industries, Anglo American plc, Yangquan Coal Industry Group, Peabody Energy Corporation, Arch Resources Inc., Vale S.A., Rio Tinto Group, Teck Resources Limited, Adani Enterprises Limited, Whitehaven Coal Limited, Consol Energy Inc., Warrior Met Coal, Inc., Westmoreland Coal Company, Ramaco Resources Inc., Coronado Global Resources Inc., Universal Coal plc, MC Mining Limited, Exxaro Resources Limited, Sasol Limited, Drummond Company Inc., Blackhawk Mining LLC, Alliance Resource Partners LP, Rhino Resource Partners LP, Hallador Energy Company.

The coal, lignite, and anthracite market report table of contents includes:

Executive Summary
Coal, Lignite, And Anthracite Market Characteristics
Coal, Lignite, And Anthracite Product/Service Analysis -Product/Service Examples
Coal, Lignite, And Anthracite Market Trends And Strategies
Coal, Lignite, And Anthracite Market – Macro Economic Scenario