Coking Coal Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Mining Type (Underground, Surface); Coal Type (Anthracite, Bituminous, Sub-bituminous); Refining Process (Crushing, Washing, Screening); Application (Steel Production, Smelting, Sintering) and Geography
Report Code: TIPRE00029609
| No. of Pages: 150
| Category: Energy and Power
| Status: Upcoming
The growing steel demand is an important factor driving the global coking coal market share growth. Coking coal is one of the main elements necessary for steel production. Steel is generally produced through the BF-BOF and EAF, whereas coking coal is required in both production methods. The increase in electricity production through renewable sources is still insufficient to meet the increase in electricity demand. It has forced utilities to opt for coal to bridge the gap between supply and demand, thereby increasing the demand for coking coal in the market.
The "Global Coking Coal Market Analysis to 2028" is a specialized and in-depth study of the coking coal industry with a focus on the global market trend. The report aims to provide an overview of global coking coal market with detailed market segmentation by type, coal type, refining process, and application. The global coking coal market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The global coking coal market is segmented on the basis of type, coal type, refining process, and application.
On the basis of mining type, the market is segmented into Underground, Surface.
On the basis of coal type, the market is segmented into Anthracite, Bituminous, Sub-bituminous
On the basis of refining process, the market is segmented into Crushing, Washing, Screening
On the basis of application, the market is segmented into Steel Production, Smelting, Sintering.
The coking coal is used to power furnaces, increasing demand for the metal from various industries is expected to increase demand for coking coal during the forecast period.
The volatility of coking coal prices will be a major challenge for the growth of the global coking coal market share during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
In 2020, the companies saw an unprecedented decline in all economic activities, including mining operations, due to the COVID-19 outbreak. India's coal production fell year-on-year in 2020-21 due to the pandemic of the novel coronavirus disease (COVID-19). Market capitalization has lost more than a third of its value in a matter of weeks, and in the wake of the global pandemic, shadows of a Great Depression have begun to loom on the horizon. After nearly a year of business disruption, Nevada's mining sector appears to have learned to live with the pandemic. The fallout from COVID-19, including mandatory shutdowns and reduced demand for commodities, has not resulted in labour crises or layoffs, major disruptions in production or missed business targets, according to the companies surveyed.
Get more information on this report :
The report covers key developments in the coking coal market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the coking coal market are anticipated to provide lucrative growth opportunities in the future owing favourable government regulations for mitigating carbon emissions.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the coking coal market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Shanxi Coking Coal Group
Anglo American plc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Get more information on this report :
The List of Companies
2.Shanxi Coking Coal Group
3.Anglo American plc