The metallurgical coal market is expected to grow by USD 14.00 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the metallurgical coal market in optimistic, probable, and pessimistic forecast scenarios.
The metallurgical coal market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Global Coal Mining Market - Global coal mining market is segmented by end-user (thermal power generation, steel manufacturing, cement manufacturing, and others) and geography (APAC, North America, MEA, Europe, and South America). Download Exclusive Free Sample Report
Global Coal Tar Pitch Market - Global coal tar pitch market is segmented by Application (Aluminum smelters, Graphite electrodes, and Others) and Geography (APAC, Europe, North America, MEA, and South America). Download Exclusive Free Sample Report
Major Three Metallurgical Coal Market Participants:
Anglo American Plc The company mines metallurgical coal at its Moranbah North and Grosvenor coal mines, which are located in Queensland, Australia.
Arch Coal Inc. The company produces metallurgical coal at its Mountain Laurel, Beckley, Sentinel, and Leer mining sites in the US.
Bharat Coking Coal Ltd. The company is involved in the production of coking coal and is a major supplier of coking coal to the steel sector of India.
Metallurgical Coal Market 2021-2025: Segmentation Metallurgical coal market is segmented as below:
The metallurgical coal market is driven by the increasing demand for steel. In addition, the high demand for byproducts of the coking process is expected to trigger the metallurgical coal market toward witnessing a CAGR of over 2% during the forecast period.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.