Technavio has been monitoring the metallurgical coal market and it is poised to grow by USD 20.32 billion during 2019-2023, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Anglo American Plc, Arch Coal Inc., Bharat Coking Coal Ltd., BHP, China Coal Energy Co. Ltd., China Shenhua Energy Co. Ltd., Coronado Global Resources Inc., Glencore Plc, Teck Resources Ltd., and Vale SA are some of the major market participants. The demand for coal tar will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.