The global coal trading market is experiencing
cutthroat competition due to a handful of players. To gain an upper
hand in this competition, players are entering into strategic
partnerships and joint ventures to gain relatively easy market entry
along with an operational stability. The leading five players in the
global coal trading market held massive share of 74.5% in 2014. A TMR
analyst says, “Focusing on the development of clean energy through
technological advancements, efficient management, and delivering
value to customers will prove to be a winning strategy for companies
in the overall market.”
Dominance of Coal in Energy Mix Pushes Growth
in Coal Trading Market
The efforts to create a sustainable economic
growth, nations are constantly debating the rate of
industrialization, infrastructural changes, and supporting
manufacturing activities. In the light of recent developments where
emerging economies will focus on manufacturing activities, it coal
trading is anticipated gain the much-anticipated momentum.
Furthermore, coal trading will also surge as it still remains the
prime component of electricity generation, claiming a healthy stake
of 42%. Its abundant availability and its vast reserve as also
expected to push the coal trading market further.
This 108 page report gives readers a
comprehensive overview of the Coal Trading market. Browse Market
Research Report @
The TMR analyst adds, “End users such as the
power, iron and steel, cement, and other small and medium-sized
enterprises are opting for coal as opposed to natural gas and
petroleum due the cheaper logistical costs involved in coal trading.”
The fact that coal is easy to transport and is low-cost source of
energy, makes it a popular choice amongst several industries.
Though coal trading seems to be an indispensable
industry to the functioning of other industries, it does faces some
tough restraints. As of 2014, coal’s contribution to the overall
carbon emissions stood at 35%, which is good enough for major nations
to slowly phase it out and replace it with a sustainable renewable
energy sources. Furthermore, patchy efforts made by coal-fired power
plants to collate and cut back on their carbon emissions is further
adding to the issue of global warming, thereby discouraging buyers
from purchasing coal.
Development of Clean Technologies Breathes New
Life in Coal Trading Market
Development of clean coal technologies to reduce
the impact of coal burning on the environment is likely to open up
new opportunities for coal trading. Governments across the globe,
especially in the developing regions that depend on conventional
energy resources of energy, are framing initiatives to step up the
research and development activities pertaining to development of
efficient coal technologies.
The research report states that by volume, the
global coal trading market will stand at 10,951 million tonnes (MT)
by 2023 rising from 8,086 million tonnes (MT) in 2014 surging at a
CAGR of 3.43% from 2015 to 2023 in terms of volume. The lignite coal
product segment is anticipated to excel in the overall market due to
its availability and affordability. This segmented in expected to
leap at a CAGR of 3.04% during the mentioned forecast period.
Get accurate market forecast and analysis on
the Coal Trading market. Request a sample to stay abreast on the key
trends impacting this market@
In the forecast
period, North America is expected to lead the overall market as the
demand will shift from natural gas fired power plants to conventional
coal fired power plants. By the end of 2023, this region will hold a
share of 23.6% in the overall market.
This review is based
on a Transparency Market Research report, titled “Coal Trading
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2015 – 2023.”
Coal Trading Market: By Type
- Lignite
- Sub-bituminous
- Bituminous
- Anthracite
Coal trading Market: By Application
- Power
- Iron & Steel
- Cement
- Others such as small & medium sized enterprises, household heating, fertilizers, paper etc.
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