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Base Year
Historical Year
Forecast Year
The global coal mining market value reached approximately USD 648.04 billion in 2023. The market is projected to grow at a CAGR of 2.6% between 2024 and 2032, reaching a value of USD 795.76 billion by 2032.
Global Coal Mining Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 648.04 |
Market Size 2032 | USD Billion | 795.76 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 2.6% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 3.4% |
CAGR 2024-2032 - Market by Country | India | 3.9% |
CAGR 2024-2032 - Market by Country | China | 3.2% |
CAGR 2024-2032 - Market by Method | Surface Mining | 2.9% |
CAGR 2024-2032 - Market by Application | Steel Manufacturing | 2.9% |
Market Share by Country 2023 | China | 16.9% |
Coal mining refers to the process of coal extraction from mines or ground. Coal is valued for its energy content and is used for generating electricity. The mining involves the cutting of long tunnels in coal seams and the removal of the extracted coal by conveyor belts.
The demand of coal mining market is driven by rising construction activities due to the increasing population are aiding the coal mining market growth. Fly ash, produced by the combustion of coal in industrial boilers or electric utility, is used as a supplement cement in concrete as it offers various advantages including strength, durability, chemical and corrosion resistance, and reduced emission of GHGs as compared to traditional cement.
Increasing investments by the key players of the market towards the development of coal mining equipment to reduce environmental impact and boost efficiency are supporting the coal mining market expansion. Such developments can mitigate environmental concerns and bolster the support for coal mining activities.
In 2022, coal remained a dominant energy source for several countries, with South Africa leading at over 70% of its energy consumption derived from coal. China, the world's largest coal consumer, relied on coal for approximately 60% of its energy needs, consuming over 4 billion tonnes, more than the rest of the world combined. India and Indonesia also exhibited high coal dependency, with coal accounting for around 50% and 45% of their energy consumption, respectively.
Vietnam and Poland both had significant coal usage, constituting around 40% of their energy consumption. The Philippines, Japan, and Australia displayed notable reliance on coal, with each country deriving roughly 30% of their energy from coal. Türkiye and South Korea followed closely, each with coal contributing approximately 25% to their energy mix (World Energy 2023), thus, boosting the coal mining industry revenue.
Ukraine and Malaysia showed coal usage at about 20% and 15%, respectively, while Germany and Thailand's coal consumption hovered around 10%. Russia, the U.S., and Italy had relatively lower coal dependency, with coal making up approximately 10% of their energy consumption.
The United Kingdom and France had the least reliance on coal, each with less than 5% of their energy consumption coming from coal. These coal mining market dynamics and trends are influenced by the varying degrees of coal dependency across different regions, impacted by factors such as resource availability, economic structure, and energy policies.
However, In January 2023, coal consumption rose again, nearing 500 MMT, with China and India experiencing considerable increases. The United States saw a minor uptick, while the European Union's coal consumption remained relatively stable.
The global coal mining market is marked by intense competition among major players like Glencore plc, BHP Group Limited, and China Shenhua Energy Company Limited. Companies focus on expanding production capacity, implementing sustainable mining practices, and leveraging advanced technologies to enhance the demand of the coal mining market.
The coal mining key players are also diversifying their portfolios with renewable energy investments and enhancing supply chain efficiencies. The competitive landscape is shaped by strategic mergers, acquisitions, and a strong emphasis on environmental responsibility and community development.
“Global Coal Mining Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Method
CAGR 2024-2032 - Market by | Method |
Surface Mining | 2.9% |
Underground Mining | XX% |
Market Breakup by Application
CAGR 2024-2032 - Market by | Application |
Steel Manufacturing | 2.9% |
Thermal Power Generation | 2.8% |
Cement Manufacturing | XX% |
Others | XX% |
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 3.4% |
Latin America | 2.5% |
North America | XX% |
Europe | XX% |
Middle East and Africa | XX% |
CAGR 2024-2032 - Market by | Country |
India | 3.9% |
China | 3.2% |
Brazil | 2.8% |
Mexico | 2.4% |
Australia | 2.3% |
Japan | 2.0% |
USA | XX% |
Canada | XX% |
UK | XX% |
Germany | XX% |
France | XX% |
Italy | XX% |
Saudi Arabia | XX% |
Market Share by | Country |
China | 17% |
USA | XX% |
Canada | XX% |
UK | XX% |
The underground mining method is expected to account for a significant coal mining market share. The deployment of underground mining is driven by the geology of the mined deposit. The method requires the building of tunnels and shafts that are at an incline or vertical to access coal seams that are difficult to extract using surface mining. Underground mining also allows the minimisation of various disturbances caused by surface mining including habitat destruction and deforestation, among others thus boosting the growth of the coal mining market.
The companies engage in mining, exploration, and coal production for electricity generation and steelmaking, emphasizing sustainable mining practices and advancing global energy solutions.
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 Method |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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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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In 2023, the market reached a value of approximately USD 648.04 billion in 2023.
The market is estimated to grow at a CAGR of 2.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 795.76 billion by 2032.
The major market drivers include increased investments by the key market players towards the development of equipment to reduce environmental impact and rising demand for coal from the residential and industrial sectors.
The key trends fuelling the growth of the market include expansion of the construction sector and rising adoption of novel technologies for coal mining.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on the application, the market is divided into thermal power generation, steel manufacturing, and cement manufacturing, among others.
The market key players are Glencore plc, BHP Group Limited, China Shenhua Energy Company Limited, Coal India Limited, Yankuang Energy Group Company Limited, Anglo American Plc, NTPC Limited, Yancoal Australia Ltd., Consol Energy Inc., and Peabody Energy, Inc., among others.
The market is categorised according to the method, which includes surface mining and underground mining.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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