Coal rose to 112 USD/T on July 11, 2025, up 0.90% from the previous day. Over the past month, Coal's price has risen 7.07%, but it is still 16.32% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal - values, historical data, forecasts and news - updated on July of 2025.

The Coal Trading Market Report is Segmented by Types of Coal (steam Coal, Coking Coal, and Lignite), Types of Traders (importers and Exporters), and Geography (North America, Asia-Pacific, Europe, the Middle East and Africa, and South America). The Report Offers the Market Size and Forecasts for the Coal Trading Market in Revenue (USD) for all the Above Segments.

The global coal mining industry's market value has fluctuated greatly since 2010. The market value of coal mining during this period peaked in 2011 at ************* U.S. dollars, but declined in the following years, dropping to *********** U.S. dollars by 2020. In 2023, the market value of coal mining amounted to approximately ************* U.S. dollars.

Coal miners have endured a rollercoaster of challenges and opportunities, marked by fluctuating coal prices and a shifting demand landscape. Coal miners faced severe disruptions during the COVID-19 pandemic, only to recover with a notable recovery as economies reopened. Coal miners have faced a domestic versus international demand dichotomy as infrastructure investments have boosted domestic steel production. Yet, cleaner production methods have hindered the growth of coal from domestic sources. Consequently, domestic coal miners have increasingly sought international markets, with countries like India and China being key export destinations, capitalizing on these regions' heavy reliance on coal for power generation and steel production. Still, recent tariffs on US energy by China may hinder this source of growth, with coal miners increasingly leaning on India as an export market. Industry revenue has been increasing at a CAGR of 8.2% over the past five years to total an estimated $30.4 billion in 2025, including an estimated decrease of 0.1% in 2025. It should be noted that this strong growth was because of a low base year in 2020 when coal prices and production plummeted. Coal miners have navigated through a period of intense volatility. While production dipped as the world staggered under the weight of the pandemic, a surge in demand and prices in 2021 and 2022, spurred by the reopening of the economy and an energy crisis because of Russia's invasion of Ukraine, catalyzed a spike in revenues for coal miners. However, normalizing prices and the domestic market have progressively contracted because of a continued shift towards renewable energy sources. This has resulted in consolidation within the industry, shrinking the number of operating coal mines and concentrating market power in the hands of larger companies. Looking ahead, coal miners anticipate navigating both challenges and opportunities over the next five years. Coal miners will continue to look to export markets for growth despite potential headwinds from global environmental policies and increasing renewable energy adoption. Domestically, the push towards clean energy technologies and the expanding role of electric arc furnaces in steel production will place additional pressure on coal demand. Still, potential upticks in steaming coal consumption, driven by rising natural gas prices and heightened energy needs from burgeoning manufacturing and tech sectors, may provide a reprieve. The merger between Consol Energy and Arch Resources might further reshape industry dynamics, potentially enhancing pricing power and operational efficiencies and prompting competitors to innovate to remain viable. Also, the recent executive order by President Trump may revitalize coal mining. Industry revenue is forecast to climb at a CAGR of 0.4% to total an estimated $31.0 billion through the end of 2030.

The Report Covers Indian Coal Market Size & Share and It is Segmented by Application (Power Generation (Thermal Coal), Coking Feedstock (Coking Coal), and Other Applications). The Report Offers the Market Size and Forecasts in Terms of Volume for all the Above Segments.

The coal market size is predicted to rise from $767.94 billion in 2024 to $1,431.38 billion by 2035, growing at a CAGR of 5.82% from 2024 to 2035.

As per Cognitive Market Research's latest published report, The South African Coal market size will be $7,235.85 Million by 2029. The South Africa Coal Industry's Compound Annual Growth Rate will be 3.36% from 2023 to 2030. Factors Affecting the Coal Market

Growing usage of coal in electricity generation: Coal dominates South Africa's domestic energy resource base. South Africa is heavily reliant on coal-fired electricity. Although most African countries are coal-free, a survey finds that South Africa still relies significantly on fossil fuel for electricity generation. Coal is the most frequently utilized primary fuel worldwide, accounting for around 36% of total fuel use in global power production. Coal provides around 77 percent of South Africa's basic energy needs. According to the Ministry of Mineral Resources and Energy, South Africa's total domestic energy-generating capacity is 58,095 megawatts (MW) from all sources. Coal is now South Africa's most important energy source, accounting for over 80% of this country's energy mix. This is continued dramatically in the near the future due to the rising need for electricity across the region. The energy consumption of South Africa is raised by 1.3%/year between 2017 and 2019. To achieve this demand, there is need for coal for electricity generation. According to the 2016 Electricity, Gas, and Water Supply Industry Report, this fossil fuel generated 85,7% of the country's electricity in 2016. Similarly, according to the Ember study, coal produced 84.4 percent of domestic electricity in 2021. As a result, South Africa's electricity-related emissions in 2021 can still surpass those of other African countries, such as Egypt and Kenya. As a result, many of the reserves can be mined at extremely low prices, and South Africa has created a substantial coal-mining sector. South Africa's coal baseload independent power producer procurement project aims to buy 2 500 megawatts of coal-fired power output by December 2021. It also intends to use funds from industrialized nations and financial organizations to construct transformers, distribution technologies, and substations. Hence, the growing usage of coal in electricity generation drives the growth of the South African coal market.

Restraint for South Africa Coal market

Difficulties associated with the coal mining: One of the major restraints hindering the growth of the coal market is the increasing operational and environmental difficulties associated with coal mining. As easily accessible coal reserves are depleted, mining companies are forced to extract coal from deeper, more geologically complex, and environmentally sensitive regions. This not only raises production costs significantly but also escalates safety risks for workers and increases the environmental impact. In regions like India and parts of Africa, for instance, coal mining has led to the displacement of communities, water contamination, and deforestation, prompting stronger opposition from local populations and environmental groups. Moreover, regulatory bodies across the globe are tightening mining guidelines, enforcing stricter air and water pollution controls, and mandating land reclamation measures. These requirements often lead to operational delays and higher compliance costs. In the U.S., several coal mines have shut down in the past decade due to a combination of lower profitability and stringent environmental regulations. Additionally, mounting scrutiny from ESG (Environmental, Social, and Governance) investors is causing financial institutions to reduce funding for coal projects. As a result, even major coal-producing nations are beginning to shift investments toward cleaner energy alternatives, making coal mining not only more difficult but also less economically viable in the long term.

Trends in the Coking Coal Market

Continued Demand from Steel Production Amid Infrastructure Expansion: Coking coal is an essential component in blast furnace steelmaking, and its demand remains robust, especially in developing nations engaged in extensive infrastructure and industrial growth. Countries such as India, China, and various Southeast Asian nations are propelling steel demand for construction, transportation, and urbanization, which consequently drives consistent consumption of metallurgical (coking) coal. In spite of worldwide decarbonization initiatives, conventional steelma...

BCC Research Market Report for coal market is estimated to grow from $1.5 tln in 2022 to more than $2.3 tln by 2027 with a compound annual growth rate (CAGR) of 8.6%.

The Indonesia Coal Production Market is segmented by Application (Electricity, Iron and Steel Industry, and Other Applications). The report offers the market size and forecasts for Indonesia Coal Market in revenue (USD Billions) for all the above segments.

Global Coal market size is expected to reach $726.06 billion by 2029 at 2%, segmented as by type, bituminous coal, sub-bituminous coal, lignite, anthracite

The global Coal market stood around 8.9 billion tonnes in 2024 and is expected to grow at a steady CAGR of 2.80 % during the forecast period until 2035.

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Coal Mining Market Size 2025-2029

The coal mining market size is forecast to increase by USD 86.3 billion, at a CAGR of 2.6% between 2024 and 2029.

The market is driven by the increasing usage of coal in the form of liquid fuel for electricity generation, surpassing its traditional role as a solid fuel in power plants. This shift is attributed to advancements in technology that enable the conversion of coal into liquid form, enhancing its versatility and efficiency in power generation. However, the market faces significant challenges, including the rising adoption of renewable energy sources. Renewable energy, such as solar, wind, and hydroelectric power, is gaining traction due to their environmental benefits and decreasing costs. This trend poses a threat to the coal mining industry, as renewable energy sources become increasingly competitive in the energy market. Additionally, stricter environmental regulations and public pressure to reduce carbon emissions further complicate the market landscape for coal mining companies. To capitalize on market opportunities and navigate these challenges effectively, industry players must focus on technological innovation, cost competitiveness, and strategic partnerships to remain competitive in the evolving energy market.

What will be the Size of the Coal Mining Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, shaped by dynamic market dynamics and diverse applications across various sectors. Metallurgical coal, a crucial component in steel production, experiences fluctuations based on global demand. Reserve calculation is an ongoing process, as new technologies and data analysis methods emerge to improve accuracy. Surface mining, a significant segment, adapts to advancements in open-pit mining techniques, carbon sequestration, and land rehabilitation. Coal mining equipment manufacturers innovate to enhance productivity and reduce costs, introducing new technologies like belt conveyors and mine automation. Mine safety remains a top priority, with continuous improvements in mine rescue, geotechnical engineering, regulatory compliance, and ventilation systems. Environmental regulations evolve, driving the adoption of dust suppression, water management, and mine monitoring technologies. Cost reduction is a constant focus, with ongoing efforts to optimize coal combustion, coal handling, and transportation methods, including rail, barge, and truck transportation. The market's continuous unfolding is marked by advancements in coal preparation, mine planning, and design, as well as the exploration of alternative uses for coal, such as coal derivatives and coal gasification. The market's evolving nature is further highlighted by the integration of technology, including GPS tracking, mine surveying, and mine monitoring systems, to improve efficiency and productivity. The sector's sustainability is a growing concern, with a focus on mine safety, emergency response, and sustainable mining practices.

How is this Coal Mining Industry segmented?

The coal mining industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. MethodUnderground miningSurface miningEnd-userThermal power generationCement manufacturingSteel manufacturingOthersGeographyNorth AmericaUSCanadaAPACAustraliaChinaIndiaIndonesiaSouth AmericaArgentinaBrazilChileColombiaRest of World (ROW)

By Method Insights

The underground mining segment is estimated to witness significant growth during the forecast period.The underground coal mining segment constitutes a substantial portion of the global coal mining industry, accounting for significant production. This segment is essential when coal reserves are situated at considerable depths or when environmental and geological conditions favor underground coal extraction. Underground mining involves the creation of vertical or inclined shafts and tunnels to access coal seams that cannot be extracted through surface methods. Access points are typically located on the surface, with tunnels dug to reach the coal seams. Safety compliance is a critical concern in underground mining, with a focus on preventing mining accidents and minimizing the risk of black lung disease caused by coal dust. Mining permits are required to ensure regulatory compliance and environmental regulations are met. Advanced technologies such as remote sensing, GPS tracking, and mine monitoring are employed to optimize productivity, improve energy efficiency, and enhance safety. Methane drainage and coal seam gas extraction are integral to underground coal mining, with carbon capture and sequestratio

According to Cognitive Market Research, the global Coal and Processed Coal market size will be USD 638514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 255405.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 191554.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 146858.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 31925.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 12770.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
The chemical industry is emerging as the fastest-growing application for coal and processed coal. This trend is driven by the increasing use of coal as a raw material for producing various chemical products, including fertilizers, pharmaceuticals, and plastics

Market Dynamics of Coal and Processed Coal Market

Key Drivers for Coal and Processed Coal Market

Rising Energy Demand in Developing Economies to Boost Market Growth

A key driver propelling the Coal and Processed Coal Market is the increasing energy demand in developing economies, particularly in Asia-Pacific and Africa. Rapid industrialization and urbanization in countries like India, China, and Indonesia are driving coal consumption for electricity generation, which remains a primary energy source due to its cost-effectiveness and accessibility. Despite global efforts to transition towards renewables, coal remains essential in meeting immediate energy needs, especially in regions lacking alternative infrastructure. This growing demand for energy security in these markets fuels the sustained reliance on both raw and processed coal. For instance, in June 2024, Exxaro is pushing forward with its renewable energy strategy, planning to generate green power at its major coal mines. It aims for 70% of its earnings to come from non-coal sectors by 2030, focusing on wind and solar projects. This includes their expansion into global renewable markets via partnerships and acquisitions, targeting an additional R6 billion in earnings through decarbonization efforts

Industrial Demand for Steel and Cement Production to Drive Market Growth

The Coal and Processed Coal Market is significantly driven by the robust demand from the steel and cement industries. Metallurgical coal, a key component in steel production, is vital for the blast furnace process, which remains the dominant method of steel manufacturing worldwide. Additionally, processed coal, such as coke, is crucial in cement production as a heat source for kilns. With large infrastructure projects and urban developments underway in countries like China, India, and Brazil, the demand for these commodities continues to support the coal market, ensuring steady consumption and driving market growth.

Restraint Factor for the Coal and Processed Coal Market

Environmental Concerns and Regulatory Pressure, will Limit Market Growth

The coal and processed coal market faces significant restraint due to growing environmental concerns and stringent regulatory frameworks aimed at reducing carbon emissions. Governments worldwide are implementing policies to phase out coal-fired power plants, promoting the transition to renewable energy sources. Additionally, the rising global awareness of climate change has led to increasing pressure on industries to adopt cleaner alternatives. This shift in energy policies, coupled with high carbon taxes and fines, is making coal less competitive, slowing down its demand and affecting market growth potential.

Opportunity for Coal and Processed Coal market

Emerging Coal and Processed Coal Market creating opportunities 

The global coal and processed coal market continues to present significant opportunities, especially amid growing energy dema...

According to Cognitive Market Research, the global Coking Coal market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00%from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Steel Production held the highest Coking Coal market revenue share in 2024.

Key Drivers of Coking Coal Market

Growing Demand from Steel Industry to Increase the Demand Globally: The steel industry is a major consumer of coking coal, using it as a primary raw material in the production of steel. As the global economy continues to recover from the impacts of the COVID-19 pandemic, the demand for steel is expected to rise, driven by infrastructure development, construction projects, and the automotive sector. This increasing demand for steel is expected to boost the demand for coking coal, as it is an essential component in the steelmaking process. Additionally, the shift towards electric arc furnaces (EAFs) in steel production, which also require coking coal, is expected to further drive the demand for coking coal in the coming years.

Growing Urbanization and Industrialization to Propel Market Growth: Rapid urbanization and industrialization in emerging economies such as China, India, and Brazil are driving the demand for steel and, consequently, coking coal. As these countries continue to invest in infrastructure development, the demand for steel for construction, transportation, and manufacturing purposes is expected to increase. This trend is particularly pronounced in the construction of skyscrapers, bridges, and other infrastructure projects that require large quantities of steel. The growing middle class in these countries is also driving demand for consumer goods, automobiles, and appliances, all of which require steel, thus boosting the demand for coking coal.

Restraint Factors of Coking Coal Market

Environmental Concerns and Regulations to Limit the Sales: One of the key restraints in the coking coal market is the increasing environmental concerns associated with coal mining and steel production. The mining and burning of coal releases greenhouse gases and other pollutants into the atmosphere, contributing to air and water pollution and climate change. In response to these concerns, governments around the world are implementing stricter environmental regulations and emissions standards, which could increase the cost of coal production and limit its use in steelmaking. Additionally, the growing awareness of environmental issues among consumers and investors has led to a shift towards cleaner and more sustainable energy sources, potentially reducing the demand for coking coal in the long run.

Trends of Coking Coal Market

Ongoing Demand from Steel Production in Light of Infrastructure Expansion: Coking coal is an essential component in blast furnace steel production, and its demand remains robust, especially in developing nations engaged in extensive infrastructure and industrial projects. Countries such as India, China, and those in Southeast Asia are propelling the demand for steel in construction, transportation, and urban development, which consequently drives consistent consumption of metallurgical (coking) coal. In spite of worldwide decarbonization initiatives, conventional steelmaking reliant on coking coal is anticipated to retain a significant share in the near to mid-term.

Growing Emphasis on Low-Emission Steelmaking Technologies: Environmental regulations and the imperative to lower carbon emissions are encouraging the steel sector to investigate low-emission alternatives, including...

The Report covers Australian Coal Companies and the market is segmented by application (electricity, iron and steel, and other applications). The market size and forecasts are provided in revenue (USD) for all the above segments.

Global Coal Mining Market is projected to reach USD 961.8 billion by 2034, with a 1.9% CAGR from 2025 to 2034.

The market value of the United States coal mining industry steadily decreased over the period from 2010 to 2021. As of July 2021, the U.S. coal mining industry's market value amounted to ***** billion U.S. dollars. This was a stark decrease compared to the market value in 2010, which was **** billion U.S. dollars.

Coal is a brownish-black mineral, consisting of carbon, hydrogen, sulfur, oxygen, and nitrogen. Coal is a fossil fuel formed by decaying organic matter over long periods of time. It is predominantly used for energy generation, mostly electricity.

Raw Coal Market Outlook

The global raw coal market size was valued at approximately $700 billion in 2023 and is projected to reach around $930 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.2%. This growth is driven by increasing energy demands and industrialization in emerging economies. The rising consumption of coal in power generation and steel production, coupled with advancements in coal mining technologies, are primary factors fueling the market's expansion. Additionally, the demand for raw coal in various industrial applications continues to grow, contributing significantly to the overall market size.

Several growth factors are propelling the raw coal market. Firstly, the robust demand for electricity in developing regions like Asia Pacific and Africa necessitates the use of thermal coal in power plants. Countries with rapid industrial growth, such as China and India, rely heavily on coal-fired power generation to meet their energy needs. Despite global shifts towards renewable energy, coal remains a critical energy source due to its availability and cost-effectiveness. Furthermore, advancements in coal mining technologies have made coal extraction more efficient and environmentally sustainable, thus encouraging its use.

Secondly, the steel production industry significantly contributes to the demand for coking coal. Steel is an essential material in construction, automotive, and various other industries, and coking coal is a crucial input in the steelmaking process. Economic growth and urbanization in emerging markets drive infrastructure development and construction activities, thereby increasing the demand for steel. Consequently, the need for coking coal is expected to remain strong in the foreseeable future. Additionally, the development of new steel production technologies that rely on coal as a feedstock further supports market growth.

Another growth factor is the increasing application of coal in cement manufacturing. Coal is used as a primary fuel in cement kilns due to its high energy content. The construction industry's expansion, particularly in developing countries, leads to higher cement consumption, thereby driving the demand for coal. Moreover, the introduction of policies favoring domestic coal production in various countries aims to reduce reliance on imports, thus supporting local coal industries. These policies, coupled with investments in coal mining infrastructure, are expected to boost market growth.

In the realm of mineralogy, Coalingite is a rare mineral that might not be widely recognized but plays a niche role in the broader context of coal-related geology. Coalingite is a secondary mineral that forms in the oxidation zones of nickel-bearing ultramafic rocks. Its presence can provide insights into the geological processes that occur in coal-rich regions, particularly those involving nickel deposits. Understanding the formation and characteristics of Coalingite can be crucial for geologists studying the mineralogical composition of areas rich in coal and nickel, offering a deeper understanding of the environmental conditions that lead to its creation.

Regionally, Asia Pacific dominates the raw coal market, accounting for the largest share of global consumption. The region's extensive industrial base, rapid urbanization, and significant investments in infrastructure projects contribute to high coal demand. Additionally, the presence of major coal-producing countries like China, India, and Australia ensures a steady supply of raw coal to meet regional requirements. North America and Europe are also significant markets, although their growth rates are comparatively lower due to a gradual shift towards renewable energy sources and stringent environmental regulations. Nevertheless, coal remains a vital component in their energy mix and industrial processes.

Type Analysis

The raw coal market is segmented by type into coking coal, thermal coal, and others. Each type has distinct applications and demand drivers. Coking coal, also known as metallurgical coal, is primarily used in steel production. It has unique properties that make it suitable for use in blast furnaces, where it acts as a reducing agent to convert iron ore into steel. The demand for coking coal is closely tied to the steel industry's performance, which in turn depends on economic growth and infrastructure development. As global construction and manufacturing activities rise, the demand for coking coal is expected to follow

Learn about the forecasted upward trend in coal consumption in the United States over the next decade, with market volume expected to reach 538M tons and market value projected to reach $76.4B by 2035.

China Shenhua Energy had the largest market capitalization (market cap) of any coal mining company in the world as of October 28th 2024, amounting to over *** billion U.S. dollars. The Swiss-headquartered multinational mining company Glencore (with a portfolio that includes coal mining) ranked second in this list, with a market cap of over ** billion U.S. dollars at that time.