The global coal mining market is anticipated to rise at a staggering CAGR of close to 2% during the period 2018 - 2022.
Coal is one of the densely found resources and the prediction for usage is likely to magnify by 2020. Occurring in various forms and qualities, there are two broad types, hard coal and brown coal. Since the categories mentioned possess varying components of content in coal can affect the coal value as fuel and cause environmental issues on use. Coal mining industry is largely driven by coal requirements for several purposes and rise in electricity generation at large. In addition, the coal mining industry receives an overwhelming response due to increase in mining techniques and development of coalmine sites. Subsequently, the global market tends to witness an upward traction, as the industry scope is vast exhibiting vast labour. However, market challenges such as illegal possession, fraud and government policies are likely to create a hindrance in the coal mining industry.
The type segmentation for coal mining industry constitutes bituminous coal, anthracite coal, and coke or hard coal. The mining type for coal industry includes underground and opencast mining.
Geographically, the coal mining industry is segmented as North America, South America, Europe, Asia Pacific, Middle East and Africa. Asia-Pacific's industry is the most lucrative market owing to presence of significant population and heavy dependence on coal energy. European market is home to several mining industries with extraction and refinery processes at large. Coal mining industry in North America thrives at a superior rate owing to rise in sources of energy. Although, the demand remains highly moderate during the forecast period.
The key players in the coal mining industry include Arch Coal Inc., Consol Energy Inc., Cloud Peak Energy, Coal India Ltd., BHP Billiton Ltd., Rio Tinto Group, ShenHua Group, China Coal Energy Co. Ltd. and Peabody Energy Corporation.
The ‘Global Coal Mining Industry 2018-2022’ report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The full report with can be found here.
Read the article online at: https://www.worldcoal.com/mining/10102018/global-coal-mining-market-to-rise-during-2018--2022-period/
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