Market Size of Europe Coal Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 1.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Coal Market Analysis
The European coal market is expected to register a CAGR of more than 1.5% during the forecast period.
The outbreak of COVID-19 had a negative effect on the market.The market has currently reached pre-pandemic levels.
- Factors such as increasing demand for steel production are likely to drive the market. Also, the electricity sector is expected to be the largest user of coal during the forecast period. As many countries are still trying to build new coal-fired power plants, especially in Eastern Europe, where cheap electricity is required, the presence of coal basins like the Donetsk basin is expected to drive the market.
- But a move away from coal-based power generation and efforts to use less coal in different end-user applications across the region are likely to slow the growth of the studied market.
- New technologies, like "clean coal," are expected to make coal better for the environment and lower the cost of the electricity it makes. This is likely to make the fuel more reliable and give market players a chance to make money.
- Russia is expected to be the biggest market for coal in the region because it uses and makes the most coal and because more money is being put into the mining industry there.
