Steam Coal Market 2019-2023

Below are some of the key findings from this steam coal market analysis report

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Global steam coal industry overview

The demand for energy continues to rise due to several macro-economic factors like the rise of population, increasing urbanization, and the growing economy. The need for basic facilities such as commercial and residential infrastructure increases when there is a growth in urban population. The growth in urban population is driven by emerging economies like India, China, and Nigeria due to their rapid economic development. Urbanization also impacts industrial activities like construction and automotive – generating a high demand for power production. This is one of the critical reasons that will drive the global steam coal market's growth at a CAGR of 1%.

Clean coal technologies are used to increase the efficiency of coal-based power plants and reduce the environmental impact of coal-based power generation. These technologies ensure low carbon emission from steam coal-based power generation and comply with government policies related to carbon emissions. With the advent of low-carbon power generation technologies, significant adoption of clean coal technologies has taken place. This emerging trend will positively impact the steam coal industry since the power industry is moving towards a sustainable approach.

Top steam coal companies covered in this market research report

The steam coal market is moderately fragmented. By offering a complete analysis of the market's competitive landscape and with information on the products offered by the companies, this industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies to improve their share in the market.

The report offers a complete analysis of various companies including:

• Arch Coal, Inc
• China Coal Energy Company Limited
• CHINA SHENHUA
• CIL
• Glencore

Steam coal market segmentation based on geographic regions

• Americas
• APAC
• EMEA

APAC will contribute to the highest market share of this market throughout the forecast period. The demand for steam coal is high in South East Asian countries since they are installing new coal-based power plants. The demand for energy is expected to grow in the APAC which will create a need for power system planners in turn driving the growth of the market. This is one of the major reasons for the high growth of the market in this region.

Steam coal market segmentation based on application

• Power
• Cement
• Others

The power segment will hold the highest share of the steam coal market. This segment is expected to grow slower during the forecast period due to the decline in the use of coal for power generation. This is due to stringent policies initiated by several governments owing to its high GHG emission characteristics.

Key highlights of the global steam coal market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the steam coal market during the next five years
• Precise estimation of the global steam coal market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market's competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of the companies