According to a new market report published by Credence Research Global Lignite Coal Market– Growth, Future Prospects & Competitive Analysis, 2017 – 2025, the Global Lignite Coal Market is expected to reach US$ 44.1 Bn by 2025, expanding at a CAGR of 2.7% during the forecast period 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Lignite Coal, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Lignite coal market is expected to witness significant growth with growing energy demand along with increasing use of lignite coal as a fuel for the electricity generation. Increasing natural gas prices along with high prices of hard coal are factors anticipated to endorse the demand of lignite coal. After Fukushima nuclear disaster in Japan, the economies are moving towards safe sources of power generation. Thus, growing inclination towards alternate sources of power such as renewable energy, thermal power plants and other hydroelectric power plants. Low cost of the lignite coal is another factors driving the demand for lignite coal market. It is positioned as low production cost increment in merit-order curve competing with hard coal and gas. Lignite is also used in manufacturing of coal based fertilizers. Further, development in coal to liquid (CTL) technology widened the array of applications for lignite coal. This in turn is anticipated to drive the demand for lignite coal over the forecast period. However, growing inclination towards clean energy coupled with increasing investment in renewable energy is expected to hamper the growth of lignite coal market during the forecast period (2017-2025).
Global lignite coal market is segmented on the basis of application and geography. By application, in 2016 power generation segment was the most dominant segment accounting for largest revenue share in global lignite coal market. Growing use of lignite coal as fuel in thermal power plants is anticipated to drive the growth of the segment during the forecast period. Others application is anticipated to be the fastest growing application among all applications in global lignite coal market. Advancement in technology has facilitated the production of synthetic natural gas from lignite coal using coal to liquid technology attracting investment in across the globe. Growing investment in development of CTL technology for the conversions of lignite coal to synthetic natural gas is projected to drive the demand for lignite coal over the forecast period. On the basis of geography, Europe was estimated to be the largest market for lignite coal in 2016. Increasing lignite production especially in Germany coupled with large installed base of lignite based thermal power plants is projected to drive the demand for lignite coal in the region during the forecast period. Followed by it, Asia Pacific is anticipated to be the fastest growing region in global lignite coal market. High energy demand coupled with availability of large number of lignite coal reserves in India and Australia is projected to drive the growth of the global lignite coal market during the forecast period.
Major players in global lignite coal market are investing in expansion of production capacity along with high focus on research and development to lower the production cost. To increase the market penetration companies are focusing in merger and acquisition.
Overall, global lignite coal market is anticipated to register significant growth over the forecast period (2017-2025).
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Lignite Coal buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Lignite Coal contains:
Analysis and forecast of Lignite Coal market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Lignite Coal market;
Assessment and forecast of Lignite Coal market development;
Financial and business profiles of the leading companies in the Lignite Coal industry.
– Up to date working Lignite Coal data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Lignite Coal for the period 2018 to 2026
– Planned Lignite Coal additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Lignite Coal projects by region, key countries, and companies
– Details of major planned Lignite Coal projects in the world up to 2026
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