Market Size of United States Coal Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 3.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
US Coal Market Analysis
The coal market in the United States is expected to decline at a CAGR of more than 3% in the forecast period of 2020-2025. Despite decreasing production, the market is expected to be driven by the metallurgical, cement, and other end-user industries. Although power generation from coal-fired power plants is falling, existing thermal plants are likely to consume significant coal during the forecast period. However, the market is continuously witnessing a downfall in demand attributing to climate change policies and are focus on renewable energy sources for electricity generation.
- With the decreasing share of coal in electricity generation, the share of coal in the metallurgy industry is increasing is expected to witness significant growth in the market during the forecast period.
- In 2019, the United States held 24,9537 million tons of coal reserves, which is the highest share recorded globally. With ample reserves and significant ongoing electricity generation from coal, the market is expected to create considerable opportunities in the future.
- Rising environmental concerns over greenhouse gases emissions, global warming, and shift towards renewable energy sources are expected to restrain the growth of the coal market in the United States during the forecast period.
US Coal Industry Segmentation
The United States coal market report includes:
Application | |
Metallurgy | |
Power Generation | |
Others |
United States Coal Market Size Summary
The coal market in the United States is experiencing a decline, driven by a shift towards renewable energy sources and stringent climate change policies. Despite a decrease in coal production, the market is supported by demand from the metallurgical and cement industries. While coal-fired power generation is diminishing, existing thermal plants continue to consume substantial amounts of coal. The metallurgy sector, particularly steel production, is expected to bolster coal demand, as coal remains a crucial component in steel manufacturing processes. However, environmental concerns over greenhouse gas emissions and global warming are significant factors restraining market growth.
The United States holds the largest coal reserves globally, providing a potential opportunity for future market activities. Nonetheless, the coal market faces challenges due to reduced demand in power generation and fluctuating steel and metallurgical coal demand internationally. The market is characterized by fragmentation, with major players including Peabody Energy Corp, Arch Coal Inc, and others. Although coal consumption is anticipated to decrease, the post-COVID-19 recovery in construction and infrastructure may offer some support to coal demand. Overall, the market outlook remains cautious, with a continued focus on renewable energy and environmental sustainability.
United States Coal Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysus
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Metallurgy
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2.1.2 Power Generation
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2.1.3 Others
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United States Coal Market Size FAQs
What is the current United States Coal Market size?
The United States Coal Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in United States Coal Market?
Peabody Energy Corp , Arch Coal Inc , Alliance Resource Partners, L.P. , NACCO Industries, Inc. and Contura Energy Inc are the major companies operating in the United States Coal Market.