Global Metallurgical Coal Market 2019-2023
|発行||TechNavio (Infiniti Research Ltd.)||商品コード||773829|
|出版日||ページ情報||英文 112 Pages
|冶金用石炭の世界市場：2019年～2023年 Global Metallurgical Coal Market 2019-2023|
|出版日: 2018年12月24日||ページ情報: 英文 112 Pages||
Development of smart cities to drive growth in the market. Local officials have continued to experiment with data and technology to improve all aspects of urban life including traffic, power usage, pollution, income, fires, and parking. The development of these facilities are the necessary steps to move toward smart cities. Technavio's analysts have predicted that the metallurgical coal market will register a CAGR of more than 2% by 2023.
The use of steel is a crucial measure for the economic growth of all countries. China and India are the chief crude steel manufacturers in the world. Rapid revolution of infrastructure and the economy of China are driving the steel market. Therefore, favorable global economic momentum will increase the demand for steel, which will drive the market.
The global coal production is decreasing due to factors such as the implementation of stringent government regulations in Asia and Europe due to concerns about the climate. The decreasing investment will negatively affect the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the metallurgical coal market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Arch Coal and BHP the competitive environment is quite intense. Factors such as the rising demand for steel and the development of smart cities, will provide considerable growth opportunities to metallurgical coal manufactures. Anglo American, Arch Coal, BHP, Coronado Global Resources, and Teck Resources are some of the major companies covered in this report.