Metallurgical Coal Market Scope
Metallurgical Coal is a type of coal which is majorly used in producing a better quality of coke. These coals are an essential fuel and reactant for primary steelmaking. Metallurgical coals are having high demand due to increasing request for steels by end-users. Moreover, the industries that are manufacturing primary steelmaking have a different department that produces coal for coking, in order to ensure a low cost and stable supply of these metallurgical coals.
The market study is being classified by Type (Hard coking coals (HCC), Medium coking coal, Semi-soft coking coal (SSCC) and Pulverized coal injection (PCI) coal), by Application (Primary steelmaking company and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Australia and United States Manufacturers will contribute to the maximum growth of Global Metallurgical Coal market throughout the predicted period.
BHP Billiton (Australia), Teck Resources (Canada), Whitehaven Coal (Australia), Glencore (Switzerland), Yancoal (Australia), Peabody Energy (United States), Coal India Ltd (India), Mitsubishi Corporation (Japan), Mechel (Russia) and Erdenes Tavan Tolgoi JSC (East Asia) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Raspadskaya (Russia), Arch Coal (United States), Contura Energy (United States), Anglo American (United Kingdom) and China Shenhua Energy (China).
AdvanceMarketAnalytics has segmented the market of Global Metallurgical Coal market by Type, Application and Region.
On the basis of geography, the market of Metallurgical Coal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Coal Type, the sub-segment i.e. Peat will boost the Metallurgical Coal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 3rd December 2018, Peabody announced today that it has completed its purchase of the Shoal Creek seaborne metallurgical coal mine from private coal producer Drummond Company, Inc. Shoal Creek purchase represents a tremendous step in Peabody's commitment to upgrade our seaborne metallurgical coal portfolio and target the highly attractive seaborne demand centers.
- Advancements in Mining Industry is the Major Trend that is Being Witnessed
- Anticipate Impact of Steel Industry Shifts on Metallurgical Coal Demand
- High Demand for Coal Tar from Industries
- High Demand of Steel from Various End-User
- Increased Shift in Focus toward Automation due to Various Technological Developments
- Growing Investments from Government Sector Regarding Technological developments that can enable Mining at Unconventional Locations such as Ocean Beds
- Stringent Government Regulation for Coals
- High Benchmark Metallurgical Coal Prices
- Emission of Greenhouse Gases during Coal Tar Pitch
- Concern Related to Environment Pollution which happens from Coal
- Future Extinction of these Products, as Coal is a Non-Renewable Source of Energy
Key Target AudiencePotential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Suppliers and Distributors of metallurgical coal and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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