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The metallurgical coal market size is forecast to increase by USD 95.27 billion at a CAGR of 4.77% between 2023 and 2028. The market is driven by the increasing demand for steel and the rise in a number of smart city projects, leading to an increase in coal consumption. However, the market faces challenges such as volatility in prices of metallurgical coal due to supply and demand imbalances. To mitigate this, coal blending and coal characterization through techniques like coal washing, coal property analysis using vitrinite reflectance and petrography, and coal reserve exploration are crucial. Coal washing enhances the quality of coal by removing impurities, while coal characterization provides insights into coal's caking index, thermal maturity, and carbonization properties. Fossil carbon's role in the coal industry is significant as it is a critical feedstock in steel production and carbonization processes. The demand-supply gap in the market necessitates the need for efficient coal production and utilization strategies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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