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Lignite Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 143
  • SKU: IRTNTR40066
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The lignite market share is expected to increase by USD 3.18 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 1.48%.

This lignite market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lignite market segmentation by application (power generation, syngas generation, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The lignite market report also offers information on several market vendors, including Allete Inc., China Coal Energy Company Ltd., Coal India Ltd., Energeticky A Prumyslovy Holding a.s., Environmental Clean Technologies Ltd., Glencore Plc, Gujarat Mineral Development Corp. Ltd., IndiaMART InterMESH Ltd., JSW STEEL Ltd., Komatsu Mining Corp., Lanna Resources Public Co. Ltd., Mechel PAO, NACCO Industries Inc., NLC India Ltd., PT Indonesia Asahan Aluminum Persero, RWE AG, and SRK Consulting Global Ltd. among others.

What will the Lignite Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Lignite Market Size for the Forecast Period and Other Important Statistics

 

Lignite Market: Key Drivers, Trends, and Challenges

The rise in global energy demand is notably driving the lignite market growth, although factors such as competition from alternative energy sources may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lignite industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Lignite Market Driver

One of the key factors driving the global lignite market growth is the rise in global energy demand. According to the International Energy Agency (IEA), by 2040, global energy demand is expected to grow by more than 25% over that in 2017. For instance, IEA has projected that the power demand in India is expected to grow at an annual rate of 6.5% between 2022 and 2024, backed by rising consumption from residential and industrial segments. Additionally, the global population is expected to reach nearly ten billion by 2050. Factors such as the electrification of transportation and demand from the heating sector, the rise in the number of electronically connected devices, and digitalization in many countries are also contributing to the demand for electricity. Hence, with the growth in population and economic activities, the demand for electricity is expected to grow significantly during the forecast period. 

Key Lignite Market Trend

Improvements in ash-handling technologies is one of the key lignite market trends that is expected to impact the industry positively in the forecast period. For instance, Magaldi Power Spa (Magaldi) offers Magaldi Ash Recycling (MAR), which is an improvement over the Magaldi Ash Cooler (MAC) system for cooling, dry extraction, and handling of the bottom ash produced from the boilers, which run on solid fuel. Bottom ash, as well as ECO ash, are turned into fly ash, which is a more valuable by-product of coal combustion. Fly ash has various applications across many industries, such as construction. In the construction industry, fly ash is used as a primary material in many cement-based products, such as concrete blocks, poured concrete, and bricks. These applications of fly ash will increase the global demand for fly ash. Hence, the advances in ash handling technologies will drive the growth of the global lignite market during the forecast period.

Key Lignite Market Challenge

One of the key challenges to the global lignite market growth is the competition from alternative energy sources. Increasing energy demand, clean energy initiatives, and subsidies granted for power generation using sustainable sources promote the use of renewable energy sources, which hinders the use of lignite in power generation. For instance, in 2019, the electricity generated by renewable energy resources accounted for 27% of the electricity generated globally; it is expected to reach 28.9% by 2020 and 37.8% by 2025. The rise of renewables-based electricity generation continued to be widespread in 2019, with growth in all corners of the world. Solar PV's year-on-year (y-o-y) growth of 22% far exceeded that of wind power. Such factors may impede the market growth during the forecast period.

This lignite market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global lignite market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lignite market during the forecast period.

Who are the Major Lignite Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Allete Inc.
  • China Coal Energy Company Ltd.
  • Coal India Ltd.
  • Energeticky A Prumyslovy Holding a.s.
  • Environmental Clean Technologies Ltd.
  • Glencore Plc
  • Gujarat Mineral Development Corp. Ltd.
  • IndiaMART InterMESH Ltd.
  • JSW STEEL Ltd.
  • Komatsu Mining Corp.
  • Lanna Resources Public Co. Ltd.
  • Mechel PAO
  • NACCO Industries Inc.
  • NLC India Ltd.
  • PT Indonesia Asahan Aluminum Persero
  • RWE AG
  • SRK Consulting Global Ltd.

 

This statistical study of the lignite market encompasses successful business strategies deployed by the key vendors. The lignite market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Allete Inc. - The company offers lignite that is reliable and competitively priced in the upper Midwest, under the brand name of BNI Energy. 
  • Allete Inc. - The regulated operations segment provides regulated utility electric, natural gas, and water service in northwestern Wisconsin. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The lignite market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Lignite Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the lignite market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Lignite Market?

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62% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for lignite in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high demand for power in countries such as China and India will facilitate the lignite market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 pandemic in 2020 severely impacted India, with negative GDP growth and a surge in unemployment. In the energy sector, coal-fired power generation was already under pressure from overcapacity, low electricity demand growth, and increasingly competitive renewables. The outbreak of COVID-19 in the region further impeded the growth of the regional lignite market. China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines were under either partial or full lockdowns to control the spread of COVID-19. However, with the ongoing COVID-19 vaccination drives, the number of COVID-19 cases declined in 2021, which led to an increase in the demand for lignite. Also, the removal of cross-border restrictions improved the export scenario of lignite coal, which will help the market to grow during the forecast period.

What are the Revenue-generating Application Segments in the Lignite Market?

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The lignite market share growth by the power generation segment will be significant during the forecast period. Rapid urbanization and industrialization across the world have led to a significant rise in global electricity demand. Hence, owing to the high dependency on coal-based power plants and the introduction of performance-enhancing technologies to complement this, the demand for coal continues to grow, thus boosting the growth of the market. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the lignite market size and actionable market insights on post COVID-19 impact on each segment.

 

Lignite Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 1.48%

Market growth 2022-2026

$ 3.18 billion

Market structure

Fragmented

YoY growth (%)

1.25

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 62%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Allete Inc., China Coal Energy Company Ltd., Coal India Ltd., Energeticky A Prumyslovy Holding a.s., Environmental Clean Technologies Ltd., Glencore Plc, Gujarat Mineral Development Corp. Ltd., IndiaMART InterMESH Ltd., JSW STEEL Ltd., Komatsu Mining Corp., Lanna Resources Public Co. Ltd., Mechel PAO, NACCO Industries Inc., NLC India Ltd., PT Indonesia Asahan Aluminum Persero, RWE AG, and SRK Consulting Global Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Lignite Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive lignite market growth during the next five years
  • Precise estimation of the lignite market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the lignite industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of lignite market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Power generation - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Power generation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Power generation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Power generation - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Power generation - Year-over-year growth 2021-2026 (%)
    • 5.4 Syngas generation - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Syngas generation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Syngas generation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Syngas generation - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Syngas generation - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 India - Market size and forecast 2021-2026
      • Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 US - Market size and forecast 2021-2026
      • Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Allete Inc.
              • Exhibit 93: Allete Inc. - Overview
              • Exhibit 94: Allete Inc. - Business segments
              • Exhibit 95: Allete Inc. - Key offerings
              • Exhibit 96: Allete Inc. - Segment focus
            • 10.4 Energeticky A Prumyslovy Holding a.s.
              • Exhibit 97: Energeticky A Prumyslovy Holding a.s. - Overview
              • Exhibit 98: Energeticky A Prumyslovy Holding a.s. - Business segments
              • Exhibit 99: Energeticky A Prumyslovy Holding a.s. - Key offerings
              • Exhibit 100: Energeticky A Prumyslovy Holding a.s. - Segment focus
            • 10.5 Gujarat Mineral Development Corp. Ltd.
              • Exhibit 101: Gujarat Mineral Development Corp. Ltd. - Overview
              • Exhibit 102: Gujarat Mineral Development Corp. Ltd. - Business segments
              • Exhibit 103: Gujarat Mineral Development Corp. Ltd. - Key offerings
              • Exhibit 104: Gujarat Mineral Development Corp. Ltd. - Segment focus
            • 10.6 JSW STEEL Ltd.
              • Exhibit 105: JSW STEEL Ltd. - Overview
              • Exhibit 106: JSW STEEL Ltd. - Product / Service
              • Exhibit 107: JSW STEEL Ltd. - Key offerings
            • 10.7 Lanna Resources Public Co. Ltd.
              • Exhibit 108: Lanna Resources Public Co. Ltd. - Overview
              • Exhibit 109: Lanna Resources Public Co. Ltd. - Business segments
              • Exhibit 110: Lanna Resources Public Co. Ltd. - Key offerings
              • Exhibit 111: Lanna Resources Public Co. Ltd. - Segment focus
            • 10.8 Mechel PAO
              • Exhibit 112: Mechel PAO - Overview
              • Exhibit 113: Mechel PAO - Business segments
              • Exhibit 114: Mechel PAO - Key offerings
              • Exhibit 115: Mechel PAO - Segment focus
            • 10.9 NACCO Industries Inc.
              • Exhibit 116: NACCO Industries Inc. - Overview
              • Exhibit 117: NACCO Industries Inc. - Business segments
              • Exhibit 118: NACCO Industries Inc. - Key offerings
              • Exhibit 119: NACCO Industries Inc. - Segment focus
            • 10.10 NLC India Ltd.
              • Exhibit 120: NLC India Ltd. - Overview
              • Exhibit 121: NLC India Ltd. - Business segments
              • Exhibit 122: NLC India Ltd. - Key offerings
              • Exhibit 123: NLC India Ltd. - Segment focus
            • 10.11 PT Indonesia Asahan Aluminum Persero
              • Exhibit 124: PT Indonesia Asahan Aluminum Persero - Overview
              • Exhibit 125: PT Indonesia Asahan Aluminum Persero - Business segments
              • Exhibit 126: PT Indonesia Asahan Aluminum Persero - Key offerings
              • Exhibit 127: PT Indonesia Asahan Aluminum Persero - Segment focus
            • 10.12 RWE AG
              • Exhibit 128: RWE AG - Overview
              • Exhibit 129: RWE AG - Business segments
              • Exhibit 130: RWE AG - Key news
              • Exhibit 131: RWE AG - Key offerings
              • Exhibit 132: RWE AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 133: Inclusions checklist
                • Exhibit 134: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 135: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 136: Research methodology
                • Exhibit 137: Validation techniques employed for market sizing
                • Exhibit 138: Information sources
              • 11.5 List of abbreviations
                • Exhibit 139: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              The lignite market growth will increase by $3181.25 million during 2022-2026.
              The lignite market is expected to grow at a CAGR of 1.48% during 2022-2026.
              Technavio has segmented the lignite market by application (Power generation, Syngas generation, and Others) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
              Allete Inc., China Coal Energy Company Ltd., Coal India Ltd., Energeticky A Prumyslovy Holding a.s., Environmental Clean Technologies Ltd., Glencore Plc, Gujarat Mineral Development Corp. Ltd., IndiaMART InterMESH Ltd., JSW STEEL Ltd., Komatsu Mining Corp., Lanna Resources Public Co. Ltd., Mechel PAO, NACCO Industries Inc., NLC India Ltd., PT Indonesia Asahan Aluminum Persero, RWE AG, SRK Consulting Global Ltd. are a few of the key vendors in the lignite market.
              APAC will register the highest growth rate of 62% among the other regions. Therefore, the lignite market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • India
              • Japan
              • Germany
              The key factors driving the lignite market growth are:
              • Rise in global energy demand
              • Improvements in ash-handling technologies
              The lignite market vendors should focus on grabbing business opportunities from the power generation segment as it accounted for the largest market share in the base year.
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