Analysis of the impact of COVID-19 on the metallurgical coal market | Key vendor insights, drivers, market trends and forecasts to 2025
Companies will go through the intervention, recovery and renewal phases.
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The metallurgical coal market will experience a neutral impact during the forecast period due to the widespread growth of the COVID-19 pandemic. According to Technavio’s pandemic-focused market research, the market growth is expected to increase in 2021 compared to 2020.
With the continued spread of the novel coronavirus pandemic, organizations around the world are gradually flattening their recession curves by taking advantage of technology. Many companies will go through phases of intervention, recovery and renewal. Building business resilience and fostering agility will help organizations move forward on their journey out of the COVID-19 crisis to the next normal.
This post-pandemic business planning research will help clients:
- Adjust their strategic planning to move forward once the stability of the business kicks in.
- Build resilience by make efficient resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning mitigate future crisis situations.
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Key considerations for market forecast:
- Impact of lockdowns, supply chain disruptions, destruction of demand and changing customer behavior
- Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
- Market estimates before and after COVID-19
- Quarterly impact analysis and updates on market estimates
Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on COVID-19 market research reports.
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The related energy report includes:
Global Coal Mining Market – The global coal mining market is segmented by end user (thermal power generation, steel fabrication, cement fabrication, etc.) and geography (APAC, North America, MEA, Europe, and South America).
Download an exclusive free sample report
Global Coal Tar Market – The global coal tar pitch market is segmented by application (aluminum smelters, graphite electrodes and others) and geography (APAC, Europe, North America, MEA and South America).
Download an exclusive free sample report
Three main participants in the metallurgical coal market:
Anglo American Plc
The company extracts metallurgical coal at its Moranbah North and Grosvenor coal mines, located in Queensland, australia.
Arch Coal Inc.
The company produces metallurgical coal at its Mountain Laurel, Beckley, Sentinel and Leer mining sites in the United States.
Bharat Coking Coal Ltd.
The company is involved in the production of coking coal and is a major supplier of coking coal to the steel industry. India.
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Metallurgical coal market 2021-2025: segmentation
The metallurgical coal market is segmented as follows:
- Steel fabrication
- Non-steel industry
- North America
- South America
The metallurgical coal market is driven by the growing demand for steel. In addition, strong demand for coking process by-products is expected to prompt the metallurgical coal market to experience a CAGR of over 2% during the forecast period.
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