This report, titled "Lignite Coal Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025," offers strategic insights into the trends in the lignite coal market along with the market size and forecast for the duration of 2017–2025. The said research study incorporates an in-depth analysis of multiple market segments based on application and geographical distribution.
The global lignite coal market is becoming increasingly competitive, with a growing number of mergers and collaborations between market players to reach full capabilities and gain an international footprint. In addition, several players are also focused on developing their niche in the market.
This market's rapid growth has also resulted in the creation of additional skilled job opportunities in major hubs across North America, Europe, Latin America, the Middle East, and Asia Pacific.
Based on application, the global lignite coal market is categorized into power generation, agriculture, and others. In addition, lignite coal manufacturing companies, distributors, and academic organizations form the major client types for the lignite coal market.
This report presents the market size (Mn Tons) (US$ Bn) and forecast for all segments considered for the period 2015-2025, as well as their respective CAGRs (%) for the forecast period 2017-2025.
In terms of geographical distribution, the global lignite coal industry is studied in five major regions, namely, North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods. To further elucidate,
The geographical distribution of the global lignite coal market is described as follows:
North America
U.S.
Canada
Europe
Germany
Poland
Kazakhstan
Greece
Serbia
Russia
Czech Republic
Rest of Europe
Asia-Pacific
China
India
Australia
Indonesia
Rest of Asia Pacific
Latin America
Brazil
Mexico
rest of Latin America
Middle East and Africa (MEA)
GCC
South Africa
Turkey
the remainder of MEA
Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary of the global lignite coal market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of lignite coal.
The global lignite coal market is divided into the following segments based on application:
Power Generation
Agriculture
Others
On the basis of application, the global lignite coal market can be segmented into power generation, fertilizer, and others. In 2015, power generation was the largest application segment and was projected to maintain its dominance during the forecast period. The increasing use of lignite coal as a fuel source for electricity generation is expected to drive segment growth.
The segment is also anticipated to witness high growth over the forecast period. Increasing energy demand, combined with expanding thermal electricity generation capacity across key global geographies, is expected to drive segment growth during the forecast period.
Lignite also finds application in the cultivation and distribution of biological control microbes that suppress plant disease-causing microbes. Increasing application of lignite in preparation for the agriculture industry is anticipated to drive the growth of the agriculture segment over the forecast period (2017–2025).
For the purpose of this study, the global lignite coal market is categorized into:
North America
Europe
Asia Pacific
Latin America (LATAM)
Middle East and Africa (MEA)
On the basis of geography, the global lignite coal market can be segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. In 2015, Europe accounted for the largest share of global lignite coal production and was projected to maintain its dominance during the forecast period.
High production of lignite coal coupled with increasing use of lignite coal, especially in Germany, Greece, Russia, Poland, the Czech Republic, and Serbia, is anticipated to drive market growth in Europe. During the forecast period, it is anticipated that the region will witness robust growth in the demand for lignite coal. Following it, Asia Pacific stood in second place and accounted for a significant share of the global lignite coal market in 2015.
Increasing production of lignite coal in India and Australia, coupled with high demand from thermal power plants and robust demand for electricity, especially in India, is anticipated to drive the demand for lignite coal in the region. Further, favorable regulatory policies due to the growing inclination towards self-sufficiency, especially in India, are anticipated to drive market growth in the region. The region is projected to be the fastest-growing market among regions in the global lignite coal market during the forecast period (2017–2025).
Frequently Asked Question:
The market for Lignite Coal Market is expected to reach USD$ 44.1 Bn in 2027.
The Lignite Coal Market is expected to see significant CAGR growth over the coming years, at 2.7%.
The report is forecasted from 2017 -2025.
The base year of this report is 2016.
Alliance Holdings GP, L.P., Business Description, Financial Information*, Product Portfolio, Key Developments/ Business Strategies, SWOT Analysis. are some of the major players in the global market.
