China Coal Market Size (2024 - 2029)

China Coal Market Analysis

The China Coal Market size is estimated at USD 94.65 billion in 2024, and is expected to reach USD 102.73 billion by 2029, growing at a CAGR of 1.65% during the forecast period (2024-2029).

• Over the long term, factors like increasing electricity demand and investments in the coal industry are expected to drive the market.
• On the other hand, increasing environmental concern over the use of coal and adopting renewable energy sources is a major restraint hindering the market's growth.
• Nevertheless, the increasing ways to mine coal and extract value from coal using technologies like carbon capture and storage technologies are expected to create enormous opportunities for the China coal market.

China Coal Industry Segmentation

Coal is a sedimentary deposit primarily constituted of carbon and easily combustible. Coal is black or brownish-black in color and contains more than 50% carbonaceous material by weight and more than 70% by volume (including inherent moisture). It comprises plant remains compacted, hardened, chemically changed, and metamorphosed by heat and pressure throughout geologic time. Coal can be found throughout the globe. However, it is most common in areas where prehistoric forests and marshes formerly flourished before being buried and compressed over millions of years.

China's coal market is segmented by application. By application, the market is segmented into power generation (thermal coal), coking feedstock (coking coal), and other applications. For each segment, the market sizing and forecasts have been done based on revenue (USD).