Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Application (Power, Cement, Others) And Competitive Landscape
Product Code: ETC390253 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Africa Steam Coal Market report thoroughly covers the market by countries and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Africa's Steam coal market has been growing over the past years underpinned by numerous factors such as economic growth, modernization, industrialization, and an increasing demand for energy. Besides, Africa is a significant producer of steam coal, making it a crucial member of the global coal industry. The demand for coal as a source of energy is high in Africa, with most of the electricity generated in the region coming from coal, making coal mining a critical sector in the region's economy.
According to 6Wresearch, the Africa Steam Coal Market size is estimated to grow at a CAGR of 3.5% during the forecast period 2025-2031. The growing population has increased demand for power, triggering the need for a stable and reliable source of energy like coal. The industrialization drive and the increasing number of industries across the continent have also contributed significantly to the growth of the coal market. Besides, coal production in Africa has continued to increase because of investments by both local and international players. On the other hand, some challenges can threaten its growth potential. The mining process is costly, and the price fluctuations in the global market could adversely affect profit margins. Poor infrastructure, lack of funding, and inadequate government support. However, with the growing trends, the Africa Steam Coal industry is estimated to widen in the coming years. These trends are the growing product diversification to meet an increasing demand for cleaner coal, which has low sulfur and ash content. With the development of technology, mining companies are using advanced techniques like longwall mining, which is more efficient and less labor-intensive. Furthermore, companies are exploring alternative markets and export destinations to reduce their dependence on traditional markets.
The African government has been promoting coal mining activities and energy production. There have been several regulatory reforms and policy changes, including the development of investment-friendly frameworks that aim at attracting both foreign and local investors. Some African governments have gone further to put in place incentives and tax relief programs to streamline the coal mining sector. Additionally, some have integrated renewable energy programs that aim to reduce the use of coal in the long term.
The African steam coal market consists of leading players, including Anglo American, Exxaro, Sasol, and BHP Billiton. These companies have contributed significantly to the industry's development. Besides, some smaller players are trying to penetrate the market, and there is a growing trend of mergers and acquisition activities within the industry.
According to Dhaval, Research Manager, 6Wresearch, the power generation industry is the top growing application in the African steam coal market due to the increasing demand for electricity in the region. The coal-based power generation provides a low-cost energy source with a stable base load that is not easily affected by external factors.
Based on the countries, Mozambique is experiencing growth in the steam coal market. While various factors contribute to the growth of the industry, such as government policies, investments, and international relationships, Mozambique's success shows that the African steam coal market still has potential for growth.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Steam Coal Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Steam Coal Market Revenues & Volume, 2021 & 2031F |
3.3 Africa Steam Coal Market - Industry Life Cycle |
3.4 Africa Steam Coal Market - Porter's Five Forces |
3.5 Africa Steam Coal Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Africa Steam Coal Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Africa Steam Coal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Steam Coal Market Trends |
6 Africa Steam Coal Market, 2021 - 2031F |
6.1 Africa Steam Coal Market, Revenues & Volume, By Application, 2021 - 2031F |
7 South Africa Steam Coal Market, 2020 - 2030 |
7.1 South Africa Steam Coal Market, Revenues & Volume, By Application, 2021 - 2031F |
8 Nigeria Steam Coal Market, 2021 - 2031F |
8.1 Nigeria Steam Coal Market, Revenues & Volume, By Application, 2021 - 2031F |
9 Kenya Steam Coal Market, 2021 - 2031F |
9.1 Kenya Steam Coal Market, Revenues & Volume, By Application, 2021 - 2031F |
10 Rest of Africa Steam Coal Market, 2020 - 2030 |
10.1 Rest of Africa Steam Coal Market, Revenues & Volume, By Application, 2021 - 2031F |
11 Africa Steam Coal Market Key Performance Indicators |
12 Africa Steam Coal Market - Opportunity Assessment |
12.1 Africa Steam Coal Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Africa Steam Coal Market Opportunity Assessment, By Application, 2021 & 2031F |
13 Africa Steam Coal Market - Competitive Landscape |
13.1 Africa Steam Coal Market Revenue Share, By Companies, 2024 |
13.2 Africa Steam Coal Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |