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ALBANY, New York, April 29, 2019 (GLOBE NEWSWIRE) -- The entry of traders, banks, funds, and brokers into the coal trading market is expected to offer a new growth opportunities to the industry. This is further anticipated to offer high liquidity and make the market more tradable, says Transparency Market Research.
The vendor landscape of the coal trading market is highly consolidated and competitive in nature. This is because of a strong foothold of top five players over the coal trading market. Some of the prominently players operating in the global coal trading market are Morgan Stanley¸ Merrill Lynch MERUS.UL, Macquarie Bank, Goldman Sachs, Coal India, and EDF Trading.
These players are indulging in several activities such as mergers and acquisitions, collaborations, and joint ventures to expand their market presence. This can be attributed by the fact that Royal Bank of Scotland and Sempra Energy entered into a joint venture to tap opportunities in the market. Similarly, RWE is actively seeking new areas of investment to expand its market presence. The company has won a large chunk of recent coal tenders by Mexican state utility CFE.
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According to TMR, the coal trading market is expected to rise at a CAGR 3.43% from 2015 to 2023. Rising at this CAGR, the market is projected to touch a volume of 10,951 mt by the end of forecast period. In 2014, market analysts noted the coal trading market at a volume of 8,086 mt..
Geographically, coal trading market in Asia Pacific is expected to generate highest revenue. This is due to the higher dependency on coal for thermal power generation in countries like China and India. This support coal imports, thus offering a substantial push to the coal trading market in the region. On the basis of application, the demand for coal is anticipated to remain high for power generation. This makes power generation a vital segment for the coal trading market growth.
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Unprecedented Rise in Industrialization to Boost Prospects
Coal trading market has become extensively dynamic owing to the presence of a variety of coal types in the market. Increasing number of coal varieties has curated new price indexes for different qualities in different regions and a noteworthy increase in paper trading. All these factors are expected to bolster growth in the global coal trading market.
Apart from this, continued dependence on coal for energy generation is a strong factor behind the steady expansion of the global coal trading market.
Moreover, phenomenal growth of urbanization and industrialization across the globe has created a need for energy, thereby triggering coal trading activities.
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Apart from this, the fact that coal commodities are extremely cheap as compared to natural gas and oil. Over 50 countries across the globe have deep reserves of coal thus making it an easily available raw material for energy production.
Stringent Governmental Policies to Impede Growth
Stringent governmental policies formed to address environmental issues due to coal burning and overcapacity in the coal industry resulted in shut down of outdated and inefficient coal mining plants. This majorly restricted operating days of mines in several regions all over the globe. Thus, such policies expected to hider coal trading market in the coming years.
However, advanced research and development activities has resulted in the development of clean coal technologies. This will help reduce impact of coal burning on the environment, thus is likely to open up new opportunities for coal trading.
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This review is based on a Transparency Market Research report, titled “Coal Trading Market - (Coal Type –Lignite, Sub-bituminous, Bituminous, Anthracite; Application-Power, Iron & Steel, Cement) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023.”
The coal trading market is segmented as:
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