Metallurgical Coal Market to Grow by USD 95.27 Billion (2024-2028), Rising Steel Demand Boosting Growth, AI Driving Market Transformation - Technavio
Pr Newswire - Dec 17th, 2024
The global metallurgical coal market is projected to grow by USD 95.27 billion from 2024 to 2028, driven by increasing steel demand and the rise of smart city projects. The market is expected to expand at a CAGR of over 4.77%. Key players include Coal India Limited, China Shenhua Energy Company, Peabody Energy, and others. Metallurgical coal is crucial for steel production, which is essential for infrastructure development in smart cities. However, price volatility due to macroeconomic factors poses a challenge. The market is segmented by steel and non-steel making applications, and geographically across APAC, North America, Europe, Middle East and Africa, and South America. Environmental concerns and the demand-supply gap also impact the market. AI-powered analytics offer insights into market trends and dynamics. Technavio, a technology research and advisory firm, provides extensive analysis on emerging trends, helping businesses develop strategies in the evolving market.
RATING
The article provides a detailed overview of the metallurgical coal market, including growth projections, market drivers, and challenges. It appears to be well-researched with numerous references to market trends and industry dynamics. However, the article's completeness and accuracy are slightly undermined by the lack of detailed sourcing and potential biases in the presentation of data.
RATING DETAILS
The article provides a wealth of information about the metallurgical coal market, but the accuracy is somewhat difficult to verify due to the lack of direct citations for specific data points and statistics. The mention of a future event in 2024 adds some uncertainty without clear sourcing.
The article predominantly focuses on the growth potential and challenges within the metallurgical coal market, with limited mention of alternative perspectives or counterarguments regarding environmental and economic impacts.
The article is generally well-structured and uses clear language to explain complex market dynamics. However, it could benefit from a more neutral tone, particularly in the sections emphasizing market growth and potential.
The article cites Technavio as a source, which is a recognized research firm. However, it lacks detailed attributions or references to primary data sources, making it challenging to assess the full credibility of the information presented.
The article does not disclose potential conflicts of interest or affiliations that may influence the reporting. There is also no explanation of the methodology used for data collection and analysis, which affects the transparency of the information.
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