United States Coal Market Report 2020-2025: Market is Expected to be Driven by the Metallurgical, Cement, and Other End-user Industries

Dublin, Oct. 26, 2020 (GLOBE NEWSWIRE) — The “United States Coal Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.With the decreasing share of coal in electricity generation, the share of coal in the metallurgy industry is increasing is expected to witness significant growth in the market during the forecast period.In 2019, the United States held 249,537 million tons of coal reserves, which is the highest share recorded globally. With ample reserves and significant ongoing electricity generation from coal, the market is expected to create considerable opportunities in the future.Rising environmental concerns over greenhouse gases emissions, global warming, and shift towards renewable energy sources are expected to restrain the growth of the coal market in the United States during the forecast period.Key Market TrendsIn 2019, steel production in the United States increased to 88 million metric tons in comparison to 86.6 million metric tons in 2018. Steel production is likely to drive coal consumption significantly.Although the steel production in the country is lower than its steel production in the early 2000s, the United States is still the 4th largest steel producer in the world, just behind China, India, and Japan.According to EIA, due to the COVID-19 pandemic, coal mines in the United States would produce 530 million tons in 2020 from an estimated 705 million tons in the prior year. The decline is expected due to unfavorable market factors, including slipping demand for coal-fired power generation and faltering steel and metallurgical coal demand overseas.The coal consumption is likely to decrease due to a decreasing share in power generation. Although post-COVID-19, with an increasing market of construction and infrastructure, steel production is expected to drive the coal demand.Rising Environmental Concerns to Restrain the MarketDue to climate change policies, the production of coal witnessed a downfall to 14.30 EJ in 2019. The share is likely to decrease further by the end of 2020 due to market restrictions.In the first quarter of 2020, coal stocks grew to 175.8 MMst from 158.8 MMst at the end of the fourth quarter of 2019 (a 10.7% increase). Shares in the electric power sector increased to 145.5 MMst from 128.5 MMst at the end of the fourth quarter of 2019, the highest level since the second quarter of 2017.The United States metallurgical coal exports are expected to fall 32.3% in 2020 to 37.3 million tons from an estimated 55.1 million tons in 2019, according to EIA’s outlook. However, post-mid-2021, the production is likely to increase, and the export is also expected to rebound.The decrease of coal consumption due to environmental policies and increasing renewable share, the market for coal in the United States is expected to decrease during the forecast period further.Competitive LandscapeResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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