Coal Industry: A Global Outlook
San Jose, CA (PRWEB) September 2, 2008
Coal is an important source of heat and energy, and is a major low-cost fossil fuel. Coal, mined from various reserves, exhibits varied composition, in terms of energy, moisture, sulfur content, combustible matter, ash quantity and calorific value. Coal containing higher carbon and low moisture content is considered to be of highest quality. Despite rising environmental concerns over its use, coal accounts for a substantial 87% of the total fossil fuel reserves, while oil and natural gas make up the remaining 10% and 3% respectively. Coal is commonly categorized into steam coal (energy coal) and hard coal or coking coal (steel coal). Steam coal is primarily used to generate electricity or changed to other secondary energy types. Coking coal is used in the steel industry to make blast furnace iron. World coking coal market is forecast to witness robust growth spurred by the healthy gains in steel production in most parts of the world. This is especially so in Asian countries where the rapid pace of industrialization has ensured increased steel production.
The highly volatile international oil market has turned the emphasis squarely on conventional thermal power sources such as natural gas and coal. With the stage being set for renewed interest in conventional thermal power sources, there exists strong growth on cards for coal. Technological advancements in mining and processing, and a decline in the cost of coal-fired power generation are additionally expected to lend coal consumption a shot in the arm. Noteworthy challenges facing the coal industry in the short to medium term include - the commercial success of clean coal technologies, which presently is inhibited by their relatively higher price structure, pricing pressures from nuclear power generation, and regulations limiting emission levels of sulfur dioxide and nitrogen oxides from coal-fired plants.
The report titled "Coal Industry: A Global Outlook", published by Global Industry Analysts Inc., provides statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a bird's eye view of the global coal industry. Major regional markets discussed in the report include United States, Canada, Europe, France, Germany, UK, Finland, Asia, China, India, Indonesia, and South Korea. The report also includes an easy-to-refer, fact-finder directory of 118 companies worldwide sorted by region, featuring addresses, and contact details of each company covered.
For more details about this research report, please visit http://www.strategyr.com/Coal_Industry_Market_Report.asp
About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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