2021 Forecast Global Coal Mining Market Research Report By TBRC

by Sainath Tbrc
Posted: Jun 14, 2019

The coal mining market includes companies involved in mining of bituminous, sub-bituminous, lignite and anthracite coal by underground mining, strip mining, culm bank mining, and other surface mining techniques. It also includes the development of coal mine sites, and improvement of coal, including cleaning, washing, screening and sizing of coal. Coal mining is the process of extraction of coal from the ground. Coal is a combustible rock, composed of lithified plant remains and contains macerals, minerals and water.

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The global coal mining market size is expected to reach a value of $500 billion by 2021, growing a negative CAGR of 3% during the forecast period. This is mainly due to emerging markets growth - the coal mining industry is expected to be driven by economic growth in emerging countries such as China and India. This can be attributed to the increasing demand for electricity, owing to increasing industrial growth and rising steel consumption in these countries. Emerging markets are expected to continue to see generally higher levels of growth than developed markets during this period. For instance, India’s GDP is expected to grow at 7.4% and China is expected to grow at about 6.8% in 2018. Coal-fired power generation in India is expected to increase at about 4% per year through 2022 an policy changes to encourage coal mining - the coal mining industry will be affected by recent policy changes in the US.

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Sainath Tbrc

Member since: Nov 04, 2018
Published articles: 220