Global Metallurgical Coal Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Metallurgical Coal Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Metallurgical coal, also known as coking coal, is used to produce coke, the primary source of carbon used in steelmaking. Coal is a naturally occurring sedimentary rock formed over millions of years as plants and other organic materials are buried and subjected to geological forces.

Market Overview:

The latest research study on the global Metallurgical Coal market finds that the global Metallurgical Coal market reached a value of USD 2251.72 million in 2023. It’s expected that the market will achieve USD 281775.33 million by 2029, exhibiting a CAGR of 123.65% during the forecast period.

Downstream steel industry demand

Coking coal, also known as main coking coal, metallurgical coal, strong adhesion, coking coal, is an indispensable basic raw material blending coal in coke production, each production of 1 ton of coke needs to consume about 1.4 tons of coking coal. Coking coal is an indispensable raw material in the process of iron and steel smelting. About 95% of coking coal is used to produce coke. Coke can be used in high furnace as reducing agent, heating agent, etc., for steelmaking. As the most important coking coal, coking coal is connected with coal, coke and steel industries, and plays an important role in the industrial chain. In addition, coking coal is also used in casting, chemical, calcium carbide and ferroalloy manufacturing, with different quality requirements. Therefore, the demand for downstream steel directly affects the production of coking coal. The iron and steel industry is closely related to the development trend of the national economy, such as the rapid economic development of emerging countries, the rapid expansion of steel industry capacity, the increase of coke production year by year, and the gradual increase in the demand for coking coal. China and India are the world's largest producers and consumers of metallurgical coal.

Region Overview:

China is projected to account for a considerable share of the Metallurgical Coal market and is expected to become the largest region by 2028.

Company Overview:

SHANXI COKING COAL is one of the major players operating in the Metallurgical Coal market, holding a share of 15.25% in 2023.

Shanxi Coking Coal Group Co., LTD. (referred to as Shanxi Coking Coal) is an internationally influential coking coal production and processing enterprises and market suppliers, Shanxi coking coal leading products are coking coal, fat coal, 1/3 coking coal, lean coal, gas fertilizer coal, lean coal and other full series of coal, coal coke products are sold all over the country, and exported to many countries and regions.

Segmentation Overview:

Among different product types, Hard Coking Coals (HCC) segment is anticipated to contribute the largest market share in 2028.

The grade of the coal and its ability to bond depends on the grade of the coal (a measure of volatiles and metamorphism) as well as mineral impurities and the ability of the coal to melt, expand and resolidify when heated. Metallurgical Coal can be divided into hard Coking coal (HCC), medium coking coal, semi-soft coking coal (SSCC), pulverized coal injection (PCI) coal.

Application Overview:

By application, the Steelmaking segment occupied the biggest share from 2018 to 2022.

Steelmaking Metallurgical coal is the main raw material for coke, and coke is mostly used in steelmaking and is currently the main raw material for steel and other industries.

Others (Machinery, chemical industry) Metallurgical coal can also be used in blast furnace iron smelting and blast furnace smelting of non-ferrous metals such as copper, lead, zinc, titanium, antimony, mercury, etc., where it serves as a reducing agent, heating agent and column skeleton. In addition to the metallurgical industry, metallurgical coal can also be used in other fields such as chemical industry and calcium carbide. For example, in the field of chemical industry, coking coal, also known as metallurgical coal, can be used as an important raw material for coal tar, coal tar putty, dyes and other chemical products.

Key Companies in the global Metallurgical Coal market covered in Chapter 3:

Whitehaven Coal
BHP Billiton
ChinaCoal
Arch Coal
Glencore
Anglo American
Peabody Energy
Coal India Limited
Alpha Natural Resources
Jizhong Energy
Teck Resources
SHANXI COKING COAL

In Chapter 4 and Chapter 14.2, on the basis of types, the Metallurgical Coal market from 2019 to 2030 is primarily split into:

Hard Coking Coals (HCC)
Medium Coking Coal
Semi-soft Coking Coal (SSCC)
Pulverized Coal Injection (PCI) Coal

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Metallurgical Coal market from 2019 to 2030 covers:

Steelmaking
Others (Machinery, chemical industry)

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)