The coal, lignite, and anthracite market consists of sales of coal, lignite, and anthracite by entities (organizations, sole traders and partnerships) that mine bituminous, anthracite, and lignite coal by underground mining, strip mining, culm bank mining, and other surface mining techniques. It also includes the development of coal mine sites, and improvement of coal, including cleaning, washing, screening, and sizing of coal. The coal, lignite, and anthracite market is segmented into coal; lignite and anthracite.
The global coal, lignite, and anthracite market is expected to grow from $1028.32 billion in 2020 to $1151.8 billion in 2021 at a compound annual growth rate (CAGR) of 12%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1438.49 billion in 2025 at a CAGR of 6%.
