Asia-Pacific Coal Market Size (2024 - 2029)

The Asia-Pacific coal market is anticipated to experience growth driven by increasing power generation capacity and rising electricity demand, particularly in China and India, due to rapid industrial and infrastructural development. Despite the environmental challenges and the shift towards alternative energy sources like renewables and natural gas in developed nations, coal remains a crucial component for thermal power stations in the region. The market's expansion is supported by China's plans to add numerous coal-fired plants, positioning it as the largest and fastest-growing market. This demand for coal presents significant opportunities for market participants in the coming years.

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Market Size of Asia-Pacific Coal Industry

Asia-Pacific Coal Market - Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 3.00 %
Market Concentration Low

Major Players

Asia-Pacific Coal Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Coal Market Analysis

The Asia-Pacific coal market is expected to grow at a CAGR of more than 3% during the forecast period. Factors such as increasing power generation capacity plans and increasing electricity demand, particularly in China and India, owing to rapidly increasing industrial and infrastructural development activities, are expected to drive the market during the forecast period. However, the uses of coal are squeezed out of the energy mix in many developed nations, the reason being the generation of air pollutants due to coal combustion. Moreover, power from coal is getting mixed up with other alternative sources, like renewables and natural gas, which help to reduce the environmental impact as compared to coal. These factors, in turn, are expected to restrain the growth of the Asia-Pacific coal market.

  • Coal is extensively used in the region to fire the thermal power stations and in turn meet the demand for various sectors, such as industry, transport, residential, commercial, and public services. The power stations segment is expected to dominate the market supported by China's extensive plan for adding additional coal-fired plants during the forecast period.
  • With the growing demand for electricity, coal power plants in the Asia-Pacific region is expected to be a significant consumer of coal. The region is expected to have a demand of around 4,400 mega ton of coal equivalent by 2040, with majority of demand from the power sector. This demand for coal is expected to create an opportunity for the market players in upcoming years.
  • China is expected to be the largest market and fastest growing market, owing to the country being the global leader in terms of total number of coal fired power plants. Further, China continues to advocate for a capacity target in the upcoming five-year plan that would make room for up to 200 new coal-fired generating units by 2025.

APAC Coal Industry Segmentation

The Asia-Pacific coal market report include:

End-User
Power Station (Thermal Coal)
Coking Feedstock (Coking Coal)
Others
Geography
China
India
Indonesia
Rest of Asia-Pacific
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Asia-Pacific Coal Market Size Summary

The Asia-Pacific coal market is poised for growth, driven by increasing electricity demand and power generation capacity plans, particularly in China and India. This demand is fueled by rapid industrial and infrastructural development activities in these countries. Despite the environmental concerns associated with coal combustion and the shift towards alternative energy sources like renewables and natural gas, coal remains a significant component of the energy mix in the region. The power stations segment is expected to dominate the market, supported by China's extensive plans to add coal-fired plants. However, the market faces challenges as developed nations reduce coal usage due to air pollution concerns, which could restrain growth.

China is anticipated to be the largest and fastest-growing market within the region, maintaining its position as a global leader in coal-fired power plants. The country's ambitious plans to expand its coal power capacity, despite international pressure to reduce coal consumption, are expected to drive market growth. The Asia-Pacific region, accounting for a substantial share of global coal consumption, continues to see new coal-fired power plants being commissioned, with significant contributions from China, India, and other countries. However, the pace of new construction is showing signs of slowdown, particularly in Southeast Asia and India, which could impact future market dynamics. Despite these challenges, the ongoing construction of coal power plants in several Asia-Pacific countries is expected to bolster market growth in the coming years.

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Asia-Pacific Coal Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 1.3 Market Size and Demand Forecast in million tonnes, until 2025

    4. 1.4 Asia-Pacific Energy Mix, 2019

    5. 1.5 Coal Prices, 2010-2019

    6. 1.6 Recent Trends and Developments

    7. 1.7 Government Policies and Regulations

    8. 1.8 Market Dynamics

      1. 1.8.1 Drivers

      2. 1.8.2 Restraints

    9. 1.9 Supply Chain Analysis

    10. 1.10 Porter's Five Forces Analysis

      1. 1.10.1 Bargaining Power of Suppliers

      2. 1.10.2 Bargaining Power of Consumers

      3. 1.10.3 Threat of New Entrants

      4. 1.10.4 Threat of Substitutes Products and Services

      5. 1.10.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-User

      1. 2.1.1 Power Station (Thermal Coal)

      2. 2.1.2 Coking Feedstock (Coking Coal)

      3. 2.1.3 Others

    2. 2.2 Geography

      1. 2.2.1 China

      2. 2.2.2 India

      3. 2.2.3 Indonesia

      4. 2.2.4 Rest of Asia-Pacific

Asia-Pacific Coal Market Size FAQs

The Asia-Pacific Coal Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

China Coal Energy Group Co., Ltd., China Shenhua Energy Co. Ltd, Huadian Power International Corporation, NTPC Ltd and Jindal Steel & Power Ltd are the major companies operating in the Asia-Pacific Coal Market.

Asia-Pacific Coal Market Report Snapshots

Asia-Pacific Coal Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)