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The Australia coal market is projected to grow at a CAGR of 1.2% between 2024 and 2032. The major drivers of the market include rising adoption of coal for electricity generation due to the reliable, dependable, and predictable nature of the fuel and increasing requirement for coal for cement production due to the expansion of the construction sector.
Coal is a black combustible fossil fuel that contain high amounts of hydrocarbons and carbons and is classified into sub-bituminous, anthracite, lignite, and bituminous categories. The combustion of coal produces heat that is used for converting water into steam, that drives the turbine, resulting in the production of electricity. Certain varieties of bituminous coal are also used for making steel.
On the basis of type, the market is divided into bituminous coal, sub-bituminous coal, anthracite coal, and lignite coal. Based on technology, the market is bifurcated into surface mining and underground mining. On the basis of application, the Australia coal market segmentation includes electricity and iron and steel, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Bituminous coal is anticipated to account for a significant Australia coal market share over the forecast period. This growth can be attributed to the broad range of commercial applications of the coal due to its relatively low moisture content and high heat value. The other advantages associated with the utilisation of bituminous coal include ease of storage and transportation. Bituminous coal also finds usage in metallurgical applications including alumina refineries, cement manufacturing, and paper manufacturing, among others.
The increasing requirement for electricity due to the rapid expansion of the commercial and industrial sectors is boosting the Australia coal market demand. The reliable, dependable, and predictable nature of the fuel is propelling the utilisation of coal for energy generation and bolstering the product demand as a backup fuel. The rise in construction activities due to expansion of the residential sector because of increasing population is boosting the requirement for electricity. The usage of coal for electricity production can also be attributed to the relatively inexpensive nature of the fuel.
BHP Group Ltd. is a mining and metals company that was founded in 1885 and is headquartered in Victoria, Australia. The company’s product portfolio includes coal, iron ore, uranium, nickel, copper, and gold, among others.
Glencore Plc, headquartered in Baar, Switzerland, is a mining and commodity trading company that was founded in 1974. The company specialises in agricultural products, coal, energy products, minerals, and metals, among others.
Bloomfield Group is a leading mining and engineering company that was founded in 1938 and is headquartered in New South Wales, Australia. The company is known for providing high quality products to their customers.
Other Australia coal market key players include Banpu PCL (Centennial Coal Company Pty Limited), Yancoal Australia Ltd., Idemitsu Kosan Co., Ltd., Jellinbah Group Pty Ltd., Peabody Energy, Inc., Whitehaven Coal Ltd., and Anglo American Plc, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Mining Technology |
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Breakup by Application |
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Market Dynamics |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 1.2% between 2024 and 2032.
The major market drivers include rising adoption of coal for electricity generation due to the reliable, dependable, and predictable nature of the fuel and increasing requirement for coal for cement production due to the expansion of the construction sector.
The key trends fuelling the growth of the market include increasing development of efficient and environment friendly coal mining equipment and rapid consumption of steel due to the expansion of the urban sector.
The major types of coals include bituminous coal, sub-bituminous coal, anthracite coal, and lignite coal.
The applications of coal include electricity and iron and steel, among others.
The major technologies include surface mining and underground mining.
Coal is primarily used for generating electricity and producing coke for initiating the steel making process.
The key players in the market are BHP Group Ltd., Glencore Plc, Bloomfield Group, Banpu PCL (Centennial Coal Company Pty Limited), Yancoal Australia Ltd., Idemitsu Kosan Co., Ltd., Jellinbah Group Pty Ltd., Peabody Energy, Inc., Whitehaven Coal Ltd., and Anglo American Plc, among others.
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