According to a new market report published by Credence Research Global Lignite Coal Market- Growth, Future Prospects & Competitive Analysis, 2017 - 2025, the Global Lignite Coal Market is expected to reach US$ 44.1 billion by 2025, increasing to CAGR by 2.7 per cent during the 2017 forecast period to 2025.

Market Insights

The Lignite coal market is expected to see significant growth, with increasing energy demand and increasing use of lignite coal as a fuel for electricity generation. Increased prices of natural gas, along with high prices of hard coal, are expected to support demand for lignite coal. After the Fukushima nuclear disaster in Japan, economies are moving towards safe sources of energy generation.

Browse Full Report at https://www.credenceresearch.com/report/lignite-coal-market

Thus, there is a growing tendency towards alternative sources of energy, such as renewable energy, thermal power plants and other hydroelectric power plants. The low cost of lignite coal is another factor driving demand for the lignite coal market. It is positioned as a low cost increase in merit-order curves competing with hard coal and gas. Lignite is also used in the production of coal-based fertilizers. Further, the development of coal-to-liquid (CTL) technology has broadened the range of applications for lignite coal. This, in turn, is expected to drive demand for lignite coal over the forecast period. However, growing inclination towards clean energy coupled with increasing investment in renewable energy is expected to hamper the growth of lignite coal market during the forecast period (2017-2025).

Competitive Insights:

Global lignite coal market is segmented on the basis of application and geography. By application, in 2016 power generation segment was the most dominant segment accounting for largest revenue share in global lignite coal market. Growing use of lignite coal as fuel in thermal power plants is anticipated to drive the growth of the segment during the forecast period. Others application is anticipated to be the fastest growing application among all applications in global lignite coal market. Advancement in technology has facilitated the production of synthetic natural gas from lignite coal using coal to liquid technology attracting investment in across the globe.

Growing investment in development of CTL technology for the conversions of lignite coal to synthetic natural gas is projected to drive the demand for lignite coal over the forecast period. On the basis of geography, Europe was estimated to be the largest market for lignite coal in 2016. Increasing lignite production especially in Germany coupled with large installed base of lignite based thermal power plants is projected to drive the demand for lignite coal in the region during the forecast period. Followed by it, Asia Pacific is anticipated to be the fastest growing region in global lignite coal market. High energy demand coupled with availability of large number of lignite coal reserves in India and Australia is projected to drive the growth of the global lignite coal market during the forecast period.

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58391

Major players in global lignite coal market are investing in expansion of production capacity along with high focus on research and development to lower the production cost. To increase the market penetration companies are focusing in merger and acquisition.

Overall, global lignite coal market is anticipated to register significant growth over the forecast period (2017-2025).

Key Trends:

Merger & Acquisition
Production capacity expansion
Joint ventures and agreements
Investment in research and development
Report Scope by Segments

By Application Type

Power Generation
Agriculture
Others
By Geography Segment

North America (U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (Middle East & Africa, Latin America)

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58391