Albany, NY, May 04, 2016 (GLOBE NEWSWIRE) -- This research report provides a thorough analysis of the global coal trading market, emphasizing on product-based segmentation, major drivers and restraints, major geographical segments, and the competitive scenario. The research study, titled “Coal Trading Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023,” further talks about the major growth opportunities for major players vying for a higher share of the market.
According to the study, in 2014, the global market for coal trading approximated 8,086 mn tonnes and is anticipated to touch 10,951 mn tonnes by the end of 2023. The market is expected to register a healthy 3.43% CAGR between 2015 and 2023 in terms of volume.
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Coal plays a crucial role in the process of power generation. In addition, coal is widely used in diverse sectors, including cement, steel, and iron production. Rapid urbanization and increasing population demand more power and infrastructure, leading to the remarkable growth of the global coal trading market. Presently, several climate and environmental norms are emphasizing on providing clean energy across the globe in order to minimize carbon emissions. This scenario is one of the biggest challenges for the players engaged in coal trading.
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The global coal trading market has been categorized on the basis of product type into anthracite, sub-bituminous, bituminous, and lignite. Among these types, the bituminous segment dominated the market, holding a 46% share in the global coal trading market. Furthermore, the sub-bituminous segment accounted for a 32% share in the overall coal trading market in 2014.
On the basis of application, the global market for coal trading has been segmented into cement, iron and steel, power, and others. The others segment is further sub-segmented into pharmaceutical, paper, industrial heating, and fertilizers. In 2014, the power segment led the market, accounting for a 65% share in the global coal trading market. The power segment was further followed by the others segments, which accounted for a 16.1% share in the overall market.
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By geography, the research report has classified the global market for coal trading into Europe, Asia Pacific, South and Central America, North America, and the Middle East and Africa. In 2014, Asia Pacific dominated the market, accounting a 47.1% share in the global coal trading market. In the same year, North America held the second position, accounting for a 23.9% share in the global coal trading market. The increasing demand for power is estimated to fuel the growth of the coal trading market in other parts of the world as well.
Furthermore, the research study on the global coal trading market offers a comprehensive vendor analysis. Detailed profiles of the leading players have been included in the research study, along with a SWOT analysis to guide the new entrants in formulating their competitive strategies effectively. Some of the prominent players mentioned in the research study are Siberian Coal Energy Company, PT Adaro Energy Tbk., Coal India Limited, BHP Billiton Limited, Peabody Energy Corporation, PT Bumi Resources Tbk., Arch Coal Inc., Glencore Plc, China Shenhua Energy Company, and Anglo American Plc.
Key Segments of the Coal Trading Market:
Coal Trading Market: By Type
Coal trading Market: By Application
- Iron & Steel
- Others such as small & medium sized enterprises, household heating, fertilizers, paper etc.
Coal Trading Market: By Region
- Rest of Europe
- South Korea
- Rest of Asia Pacific
Middle East & Africa
- South Africa
- Rest of Middle East & Africa
South & Central America
- Rest of South & Central America
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Source:Transparency Market Research