Coking Coal Market Report 2024 (Global Edition)

Global Coking Coal Market Report 2024 Market Size Split by Mining Type (Underground, Surface), by Coal Type (Anthracite, Bituminous, Sub-bituminous), by Refining Process (Crushing, Washing, Screening)...

Coking Coal Market Report Description

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Competitive Landscape of the Coking Coal Market

The competitive landscape of the coking coal market is characterized by the presence of several key players, including mining companies, steelmakers, and traders, each vying for market share in a highly competitive environment. Major coking coal producers such as BHP, Glencore, Teck Resources, and Anglo American dominate the market, accounting for a significant portion of global coking coal production.

Coking Coal Industry News 

In November 2022, following the contract award for a 1,320 megawatt (MW) thermal power plant in Talcher, Odisha, NTPC Ltd concluded contracts for four additional coal-fired power projects over the next three years. These four projects will increase energy generation capacity by 4.8 gigatonnes (GW).

(Source:https://www.moneycontrol.com/news/business/companies/ntpc-to-award-contracts-for-4-8gw-coal-power-projects-in-next-three-years-9429361.html)

In May 2019, the Australian government approved $700 million coking coal mine contract to privately help Pembroke Resources to meet the growing demand for steelmaking ingredient from Asia.

(Source:https://www.reuters.com/article/idUSKCN1SK0D)

Top Companies Market Share in Coking Coal Industry: (In no particular order of Rank)

• Rio Tinto
• Shanxi Coking Coal Group
• Anglo American plc
• Coal India
• Sasol
• Teck Resources
• EZ Group
• Cokal
• Attila resources 
• Tigers Realm.
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Coking Coal Market 

Which Region Dominates the Coking Coal Market ?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America dominates the Coking Coal market due to several strategic advantages that position the region at the forefront of the industry. The United States, in particular, is a major producer and exporter of coking coal, with significant reserves and advanced mining technologies. Moreover, North America benefits from a well-developed infrastructure for coal transportation, including railroads and ports, which facilitates the efficient distribution of coking coal to domestic and international markets. Additionally, the region's stable political environment and favorable regulatory framework support the growth of the coking coal industry.

Which Region is Expanding at the Fastest CAGR?

According to Cognitive Market Research, Asia Pacific is the fastest growing market in 2024 and accounted for around 23% of the global revenue. Asia Pacific emerges as the fastest-growing region in the Coking Coal market due to several dynamic factors propelling its rapid expansion. The region encompasses countries experiencing rapid industrialization and urbanization, such as China, India, and Southeast Asian nations, leading to a significant increase in steel production and demand for coking coal. Moreover, Asia Pacific benefits from a large and growing manufacturing sector, particularly in the construction, infrastructure, and automotive industries, where steel is a key material, driving the demand for coking coal.

The current report Scope analyzes Coking Coal Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Coking Coal Market

According to Cognitive Market Research, the global Coking Coal market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. North America's coking coal market is influenced by several factors, including the region's abundant coal reserves, advanced mining technologies, and the presence of major steel-producing industries. The coking coal market in North America is segmented based on coal types, including low-volatile and high-volatile coals, each with unique properties that cater to specific steelmaking requirements. The market is also segmented based on end-use industries, with the steel industry being the primary consumer of coking coal in the region. In conclusion, the coking coal market in North America is characterized by its vast coal reserves, advanced mining technologies, and strong steel industry. Despite facing challenges such as environmental regulations and competition from alternative materials, the market is expected to remain stable, driven by the region's robust industrial base and ongoing infrastructure development projects.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Coking Coals market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the region's abundant coal reserves; advanced mining technologies propel consistent growth. 
• The Canada Coking Coals market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's presence of major steel-producing industries to increased usage of Coking Coals.
• The Mexico Coking Coals market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD XX million in 2024.

Europe Coking Coal Market

 

According to Cognitive Market Research, the global Coking Coal market size was estimated at USD XX Million out of which Europe market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. Europe's coking coal market is influenced by several factors, including the region's industrial base, environmental regulations, and energy transition policies. The coking coal market in Europe is segmented based on coal quality, with different coal types catering to specific steelmaking requirements. High-quality coking coals are in high demand for steel production, particularly in countries with advanced steel industries such as Germany and Italy. In conclusion, the coking coal market in Europe is facing challenges due to the region's energy transition policies and declining coal production. However, the market remains significant, driven by the demand for high-quality coking coal in the steel industry.

 

• The United Kingdom Coking Coals market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Coking Coal sales witness an upswing due to the demand for high-quality coking coal in the steel industry.
• The France Coking Coals market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Coking Coals market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Coking Coal sales surge due to the increase focus on sustainable mining practice. 
• The Italy Coking Coals market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD XX million in 2024.
• The Russia Coking Coals market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD XX million in 2024.
• The Spain Coking Coals market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Coking Coals market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Coking Coals market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD XX million in 2024.
• The Greece Coking Coals market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe Coking Coals market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD XX million in 2024.

Asia Pacific Coking Coal Market

According to Cognitive Market Research, the global Coking Coal market size was estimated at USD XX Million out of which Asia Pacific is the fastest growing market of more than 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. The Asia Pacific region is the fastest-growing market for coking coal, driven by rapid industrialization and urbanization in the region. The coking coal market in the Asia Pacific region is segmented based on coal quality, with different coal types catering to the varying steelmaking requirements of the region's diverse industries. The market is also segmented based on end-use industries, with the steel industry being the primary consumer of coking coal in the region. In conclusion, the Asia Pacific region offers significant growth opportunities for the coking coal market, driven by the region's booming industrial sector and increasing infrastructure development. To capitalize on these opportunities, coking coal producers in the region need to focus on enhancing their production capacities, improving efficiency, and exploring new markets.

• According to Cognitive Market Research, the China Coking Coals market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Coking Coal sales surge in China due to the rapid industrialization and urbanization.
• The Japan Coking Coals market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD XX million in 2024.
• The India Coking Coals market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. The demand is augmented by the region's booming industrial sector and increasing infrastructure development.
• The South Korea Coking Coals market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD XX million in 2024.
• The Australia Coking Coals market is projected to witness growth at a CAGR of 9.9% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Coking Coals market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Coking Coals market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD XX million in 2024.

South America Coking Coal Market

According to Cognitive Market Research, the global Coking Coal market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. Latin America's coking coal market is characterized by its rich coal reserves and growing steel industry. The coking coal market in Latin America is segmented based on coal quality, with different coal types catering to specific steelmaking requirements. High-quality coking coals are in high demand for steel production, particularly in countries with advanced steel industries such as Brazil. In conclusion, the coking coal market in Latin America offers significant growth opportunities, driven by the region's abundant coal reserves and growing steel industry. To capitalize on these opportunities, coking coal producers in Latin America need to focus on infrastructure development, environmental sustainability, and market diversification.

• According to Cognitive Market Research, the Brazil Coking Coals market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Coking Coal sales flourish in Brazil due to the high demand for steel production.
• The Argentina Coking Coals market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The demand is augmented by Argentina's rich coal reserves and growing steel industry.
• The Colombia Coking Coals market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD XX million in 2024.
• The Peru Coking Coals market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD XX million in 2024.
• The Chile Coking Coals market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Coking Coals market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD XX million in 2024.

Middle East and Africa Coking Coal Market

According to Cognitive Market Research, the global Coking Coal market size was estimated at USD XX Million out of which Middle East and Africa market of more than 2.00% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. The Middle East and Africa region's coking coal market is characterized by a mix of opportunities and challenges. However, the region faces challenges such as political instability, infrastructure limitations, and environmental concerns, which could impact the growth of the coking coal market in the Middle East and Africa. The coking coal market in the Middle East and Africa is segmented based on coal quality, with different coal types catering to specific steelmaking requirements. High-quality coking coals are in high demand for steel production, particularly in countries with advanced steel industries such as South Africa. In conclusion, the coking coal market in the Middle East and Africa presents both challenges and opportunities for growth. To capitalize on these opportunities, coking coal producers in the region need to focus on infrastructure development, political stability, and environmental sustainability.

• According to Cognitive Market Research, the GCC Countries Coking Coals market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Coking Coal sales flourish in the GCC Countries due to the region's focus on infrastructure development, political stability, and environmental sustainability.
• The Egypt Coking Coals market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD XX million in 2024.
• The South Africa Coking Coals market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD XX million in 2024.Coking Coal sales flourish in the South Africa due to the stability, and environmental sustainability.
• The Turkey Coking Coals market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Coking Coals market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Coking Coals market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD XX million in 2024.

Coking Coal Market Analysis

Coking Coal Market Segment Analysis 

According to Cognitive Market Research, surface mining is the dominant method. Surface mining, also known as open-pit mining, involves the extraction of coal from the surface of the earth. This method is preferred in many regions due to its cost-effectiveness and efficiency in extracting large quantities of coal. Surface mining allows for the use of large equipment and machinery, which can extract coal more efficiently compared to underground mining.

Underground mining is the fastest-growing category in the coking coal market. Underground mining involves the extraction of coal from underground deposits through tunnels and shafts. This method is gaining traction due to the depletion of easily accessible surface coal deposits and the need to access deeper coal seams. Underground mining is often more costly and challenging than surface mining, but technological advancements have made it more viable.

• Underground
• Surface

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Coking Coal Industry. Request a Free Sample PDF!

Coking Coal Market Coal Type Segment Analysis 

According to Cognitive Market Research, bituminous coal is the dominant coal type. Bituminous coal is widely used in steel production due to its high carbon content, which makes it ideal for producing coke, a key ingredient in the steelmaking process. Bituminous coal is also known for its relatively high heat and energy content, making it a preferred choice for many steelmakers. The dominance of bituminous coal in the coking coal market is driven by its availability in large quantities and its suitability for steelmaking, which ensures a steady demand from the steel industry.

Anthracite coal is the fastest-growing category in the coking coal market. Anthracite coal is known for its high carbon content, low impurities, and excellent heat and energy content, making it a superior fuel for steelmaking. Anthracite coal produces less smoke and ash compared to other coal types, making it environmentally friendly. The growth of anthracite coal in the coking coal market is driven by the increasing demand for high-quality coking coal from steelmakers who require cleaner and more efficient fuels for their operations.

• Anthracite
• Bituminous
• Sub-bituminous

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Coking Coal Refining Process Segment Analysis

According to Cognitive Market Research, the washing process is the dominant method for refining coal. Washing coal involves the use of water and various chemicals to remove impurities such as sulfur, ash, and rock. This process helps improve the quality of the coal by increasing its carbon content and reducing its ash content. Washing also helps to separate coal particles based on their density, resulting in cleaner and more efficient coal for coking.

The crushing process is the fastest-growing category in the coking coal market. Crushing coal involves reducing the size of the coal particles to facilitate transportation and storage. The growing demand for crushed coking coal is driven by the increasing need for efficient logistics and handling of coal in the steel industry. Crushed coal is easier to transport and store compared to raw coal, making it a preferred choice for many steelmakers.

• Crushing
• Washing
• Screening

Coking Coal Application Segment Analysis

Coking Coal Market Segment Analysis 

According to Cognitive Market Research, the dominant application is steel production. Coking coal is a key ingredient in the production of coke, which is used in blast furnaces to produce steel. The steel industry is a major consumer of coking coal, accounting for a significant portion of the global demand. The dominance of steel production as an application for coking coal is driven by the growing demand for steel in various industries, including construction, automotive, and manufacturing.

The fastest-growing application for coking coal is smelting. Smelting involves the extraction of metal from its ore by heating and melting the ore with a reducing agent such as coke. Coking coal is an essential component in the smelting process, as it is used to produce the coke needed to reduce the metal oxides in the ore. The growing demand for metals such as iron, copper, and aluminum is driving the demand for coking coal in smelting applications.

• Steel Production
• Smelting
• Sintering

• Steel Production
• Smelting
• Sintering

Author's Detail

Manjiri Kanhere

Senior Research Associate at Cognitive Market Research

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Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.

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