Coal is a combustible brownish-black or black sedimentary rock commonly found in rock strata in the veins and layers known as coal seems or coal beds. Coal is the biggest source of energy for electricity generation globally and is also amongst the biggest anthropogenic sources of carbon dioxide released. In addition, coal has been the backbone of industrial and manufacturing sectors worldwide. A considerable number of suppliers are highly active within the international coal market, ensuring an efficient and competitive environment in the market. The market for coal is highly dynamic in nature and this has resulted in the trading of numerous qualities of coal with new price indexes in different regions. Coal is traded globally and is shipped to long distances via rail or sea.
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Increasing Industrial Advancement to Boost Coal Trading Market
The market for coal trading is predicted to rise owing to the rise in population, the increasing industrial advancement, and the rising urbanization globally. In addition, the rising demand for power due to the rapid development of infrastructure across the world has also augmented the market for coal trading. Furthermore, the increasing applications of coal have also impacted the market positively. On the other hand, the increasing hazardous environmental impacts related to the use of coal such as the emission of carbon dioxide, causing global warming and changes in climate may impede the growth of the market for coal trading in the coming years.
Bituminous Coal Held Largest Share of 46% in 2014
In terms of coal type, the Global coal trading market is segmented into lignite, bituminous, sub-bituminous, and anthracite. Amongst these, the segment of bituminous coal held the largest share of 46% in the market in 2014. The segment of bituminous was trailed by the segment of sub-bituminous constituting the second-largest share of 32% in the market for coal trading in the same year. By application, the market is segmented into iron and steel, power, cement, and others including household heating, paper, fertilizers, small and medium sized enterprises, etc. Amongst these application segments, the segment of power led the market by holding a share of 65% in the market in 2014. This segment was trailed by the segment of others constituting a share of 16.1% in the market in the same year.
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Asia Pacific Coal Trading Market Led With a Share of 47.1% in 2014
Geographically, the coal trading market is segmented into Europe, North America, Asia Pacific, South & Central America, the Middle East and Africa, and Rest of the World (RoW). Amongst these regions, Asia Pacific led the global coal trading market in 2014, by constituting a share of 47.1% in the global market. North America trailed the region of Asia Pacific and held the second-largest share of 23.9% in the global market in the same year. Within Asia Pacific, India and China are predicted to emerge as lucrative markets for coal trading. The rising demand for power in Asia Pacific is amongst the key driver fuelling the market for coal trading within this region. The increasing demand for steel, cement, and iron in North America to enhance its existing infrastructural and industrial facilities is the prime factor fuelling the market for coal trading within this region.
The key players present in the market are Arch Coal Inc., PT Adaro Energy Tbk., China Shenhua Energy Company, BHP Billiton Limited, Peabody Energy Corporation, and Anglo American Plc., among others.
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