Skip to main content

Newly published report predicts global coal market to grow by 12.5% by 2026

Published by
World Coal,


According to the latest report and outlook by ResearchAndMarkets.com, which was published this month, the global coal market accounted for US$11.93 million in 2017 and is anticipated to reach US$34.65 million by 2026 growing at a CAGR of 12.5% between these years.

According to the report, increasing economic growth, a growing manufacturing base, and increasing demand for electricity are some of the key factors propelling the market growth. However, price instability is restricting the growth of the market.

The power generation segment has witnessed significant growth in the market due to rising utilisation for generating electricity.

Based on its geography, Asia Pacific is expected to have a considerable growth in the market during the forecast period. Several countries in the Asia Pacific, such as Korea, China, and Japan lack energy resources and are thus importing natural energy resources to meet their needs. Australia is known to be the leading exporter of coal across the globe.

Read the article online at: https://www.worldcoal.com/coal/30082018/newly-published-report-predicts-global-coal-market-to-grow-by-125-by-2026/

You might also like

OSIsoft webinar

[WEBINAR] How to succeed in Digital Transformation in Mining and Materials

During this webinar, OSIsoft will explain their successful path to Digital Transformation, including Predictive Maintenance 4.0 from an asset reliability perspective, Health, Safety & Environment improvement opportunities, and Autonomous Operations for process optimisation. Register for free today »

 

Coal trading market to 2023

The global coal trading market faces stiff competition due to the involvement of many players in the market, reveals a report by Transparency Market Research (TMR).

 
 

Embed article link: (copy the HTML code below):


 

World Coal is not responsible for the content of external internet sites.