Global Bituminous Coal Underground Mining Market: Overview
Coal is the most mined mineral in the world. It has a proven reserve of 860 billion tons. The demand curve for coal mining sector is continuously rising. Bituminous coal is a soft coal containing a tarlike substance known as bitumen. It is an organic sedimentary rock formed by diagenetic and sub-metamorphic compression of peat bog material. The bituminous coal is composed of around 60% to 80% carbon and the rest is composed of water, air, hydrogen, and sulfur. It is of higher quality than lignite coal; however, poorer quality than anthracite.
Global Bituminous Coal Underground Mining Market: Trends & Development
Demand for coal is increasing due to the rise in global population. The bituminous coal underground mining market is projected to expand at a considerable CAGR during the forecast period. However, the environmental impact of the production and consumption of coal is expected to restrain the bituminous coal underground mining market during the forecast period. Additionally, underground coal mining pose a risk to human life. This too is likely to hamper the bituminous coal underground mining market.
Global Bituminous Coal Underground Mining Market: Key Segments
The bituminous coal underground mining market can be segmented based on type, mining method, end-user, and region. In terms of type, the bituminous coal underground mining market can be bifurcated into thermal coal and metallurgical coal. The thermal coal segment is expected to expand at a substantial CAGR during the forecast period. This coal is also known as steaming coal. It is used in power plants that produce steam for electricity and industries. The metallurgical coal segment is also estimated to expand at significant pace during the forecast period. This coal is extensively used in the process of creating coke, which is employed in the production of iron and steel.
Based on mining method, the bituminous coal underground mining market can be divided into room-and-pillar mining and longwall mining. The longwall technique is a preferred choice for underground coal mining. In this method, mechanized shearers are used to cut and remove coal at the face of the mine. The coal is then dropped onto a chain conveyor and to the surface. This method of mining has proven to be more efficient than room and pillar mining, as the recovery rate of coal is nearly 75%.
In terms of end-user, the bituminous coal underground mining market can be segregated into electricity generation and steel making. The electricity generation segment dominates the bituminous coal underground mining market and is expected to expand at a substantial CAGR during the forecast period.
Global Bituminous Coal Underground Mining Market: Regional Outlook
Based on region, the global bituminous coal underground mining market can be split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to hold a major share of the bituminous coal underground mining market. It is anticipated to expand at a considerable pace during the forecast period. China is a major producer of bituminous coal in the world. As of 2016, production of bituminous coal in China stood at 2.48 million thousand short tons, which accounts for 63.85 % of the world's production of bituminous coal. The U.S. is a lucrative country for the bituminous coal underground mining market. Bituminous coal accounts for nearly half of all the coal that is used for generating energy in the U.S. It is primarily mined in Kentucky, Pennsylvania, and West Virginia, in the U.S. Countries such as Russia and Colombia rely on bituminous coal for energy and industrial fuel.
Global Bituminous Coal Underground Mining Market: Key Players
Key companies operating in the bituminous coal underground mining market include Maheshwari Mining Private Limited, Murray Energy Corporation, The Mainmark group of companies, PacifiCorp, New Tech Mining Resources, Inc., Ulan Coal Mines Limited (UCML), Westmoreland Coal Company, Universal Coal plc, and Sunrise Coal LLC.
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