Coal Trading Market
REPORT DESCRIPTION
Coal Trading Market - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2015 - 2023
The global coal trading market is experiencing cutthroat competition due to a handful of players . To gain an upper hand in this competition , players are entering into strategic partnerships and joint ventures to gain relatively easy market entry along with an operational stability . The leading five players in the global coal trading market held massive share of 74.5 % in 2014 . A TMR analyst says , “ Focusing on the development of clean energy through technological advancements , efficient management , and delivering value to customers will prove to be a winning strategy for companies in the overall market .”
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Dominance of Coal in Energy Mix Pushes Growth in Coal Trading Market
The efforts to create a sustainable economic growth , nations are constantly debating the rate of industrialization , infrastructural changes , and supporting manufacturing activities . In the light of recent developments where emerging economies will focus on manufacturing activities , it coal trading is anticipated gain the much-anticipated momentum . Furthermore , coal trading will also surge as it still remains the prime component of electricity generation , claiming a healthy stake of 42 %. Its abundant availability and its vast reserve as also expected to push the coal trading market further .
The TMR analyst adds , “ End users such as the power , iron and steel , cement , and other small and medium-sized enterprises are opting for coal as opposed to natural gas and petroleum due the cheaper logistical costs involved in coal trading .” The fact that coal is easy to transport and is low-cost source of energy , makes it a popular choice amongst several industries .
Though coal trading seems to be an indispensable industry to the functioning of other industries , it does faces some tough restraints . As of 2014 , coal ’ s contribution to the overall carbon emissions stood at 35 %, which is good enough for major nations to slowly phase it out and replace it with a sustainable renewable energy sources . Furthermore , patchy efforts made by coal-fired power plants to collate and cut back on their carbon emissions is further adding to the issue of global warming , thereby discouraging buyers from purchasing coal .
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