Irving, TX (PRWEB) June 01, 2012
Brazil, Russia, India, and China (BRIC) play crucial roles in global economic development, climate change, and primary energy usage. Strong economic growth and low per capita energy consumption boosts these nations’ use of primary energy. The BRIC countries are gradually increasing their share in global coal consumption, which rose from 36% in 2000 to 57% in 2010. Although environmental and safety issues are a major challenge for coal industry in BRIC countries and the US, coal consumption is expected to reach 7792 million tons by 2020.
Lucintel, a leading global management consulting and market research firm, analyzes the crude oil industry and presents its findings in its report, “Regional Benchmarking of Coal Industry 2011-2020: BRIC Countries and US.”
Lucintel’s research indicates that high economic growth is driving coal consumption in BRIC countries while technological growth is the major driver in the US. Technological development such asCoal to Liquid Technology (CTL), Carbon Capture and Storage (CCS), Integrated Gasification Combined Cycle etc. will boost the demand of coal in near future. Increase in international oil prices is forcing these countries to explore alternative sources of energy.
China is expected to be the leading coal consuming country by 2020 followed by India, the US and Russia but the coal consumption growth rate of India is expected to be the highest among the BRIC nations and the US. In 2020 coal would be still be at the lower end of Brazil’s energy consumption mix. China is likely to be the best coal sector investment destination, with Brazil the least attractive.
Lucintel’s research report provides an in-depth analysis of the coal industry of BRIC countries and the US. The report details industry drivers and challenges; trend scenario for 2000-2010 and both historical and forecast statistics for 2000-2020 for coal demand and supply. In addition the report provides industry structure, supply chain analysis, price and diamond analysis of coal industries as well as policies and resource potential of BRIC countries and the US.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that help facilitate critical decisions with greater speed, insight, and cost efficiency.