30-Sep-2022 | Facts and Factors
According to Facts and Factors, the global coal water slurry market size was worth around USD 2398 million in 2021 and is predicted to grow to around USD 6366 million by 2028 with a compound annual growth rate (CAGR) of roughly 15% between 2022 and 2028.
Coal water slurry is a mixture of solids and liquids. The solids are either coal waste or mined coal and the liquid is water, with the mixture being produced in coal preparation plants, which is a facility responsible for washing coal off rock and soil, for the further process of crushing into smaller sizes for transportation. Coal water slurry has the potential of replacing oil & gas in the coming future since coal conversion to liquid makes the fuel dispensing process extremely simple and cost-effective. By separating non-carbonaceous material, it is possible to reduce ash content by 2% making the duel more desirable. The process of slurry creation requires the coal to be separated from the non-combustible parts. The final product, that is the slurry can be transported through pipelines or using specialized pumps for pumping the highly corrosive, abrasive, and viscous slurry. As of 2010, more than 7 billion tonnes of coal were mined across the globe with around 200 liters of water required per ton of coal. However, with recent advancements, more methods are employed to prepare coal water slurry.
Browse the full “Coal Water Slurry Market Size, Share, Growth Analysis Report By Application (Chemical Industry, Electrical Power Industry, Metal Industry, and Others), By Type (High Concentration, Medium Concentration, and Low Concentration), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/coal-water-slurry-market
During the pandemic, even though the demand for the product remained largely unaffected, the major cause of concern was the issues relating to the transportation and production of the slurry due to disruption in the supply chain, difficulty in raw material procurement, and restrictions during transport of the final product. However, by the end of 2020, the global market cap witnessed a balanced approach.
The global coal water slurry market is projected to benefit from the rising trend of switching to other modes of power generation. Global leaders have realized that for future-oriented growth, world economies have to invest in researching & developing more sources of energy. Oil & gas will eventually be depleted in the next few decades owing to the rampant use of the resources. However, for sustainable growth, international, domestic, and regional players along with world leaders are investing in developing more eco-friendly sources of energy. Along with this, the benefits of coal slurry like being explosion and fire-proof make the mixture more desirable in the global market. Since it also comes along with other issues like water pollution, and high dependency on coal to generate the slurry, there have been growing activities to better handle these concerns since the product, in general, has the potential to become extremely viable in the coming years. The recent Russia-Ukraine may also impact the global market cap as power dynamics in the global economy are shifting slowly but steadily and power-generating sources will play a critical role during the next few years.
The questionable impact on the environment may restrict the global market growth while more expansion opportunities can be expected due to the increasing number of projects undertaken. However, the high cost of production poses challenges to global market expansion.
The global coal water slurry market is segmented based on type, application, and region.
Based on type, the global market segments are high concentration, medium concentration, and low concentration. Currently, the global market leaders are investing more in understanding varied applications of high-concentration coal-water slurries, this is to reduce the economic impact of having to evaporate water during the process. As per research findings, 70% solid concentration can be used along with additives to aid viscosity reduction.
Based on application, the global market segments are the chemical industry, electrical power industry, metal industry, and others. The global market is currently dominated by the metal industry, where boilers are used extensively in the steel sector. For instance, the world’s biggest steel and iron company, China Baowu Steel Group was recorded to generate a revenue of USD 150.75 billion in 2021. In the foreseeable future, the demand for coal water slurry may also witness high growth driven by the applications in the electrical power industry owing to the growing need for constant power supply in the modernized world.
The global coal water slurry market is projected to be led by Asia-Pacific with the highest CAGR during the forecast period with China emerging as the largest contributor. The regional growth is anticipated to be driven by the aggressive strategies adopted by Chinese players across large industries to contribute to the economic growth of the country. In recent times, the Chinese province has managed to become one of the largest economies in the world, only behind the United States. This is due to the government’s approach to self-reliance and rampant industrialization leading to the country becoming the largest producer of steel and other forms of metals like manganese and ferroalloys. Europe is also projected to exhibit high growth in the global market propelled by the recent energy crisis resulting in the European nations trying multiple ways to tackle the problem.
Market Size in 2021
USD 2398 Million
Projected Market Size in 2028
USD 6366 Million
CAGR Growth Rate
Key Market Players
Mao Ming Clean Energy, Datong Huihai, Sanrang Jieneng, 81 LiaoYuan, Pingxiang Shui Mei Jiang, and others.
By Application, Type, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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The global coal water slurry market is led by players like Mao Ming Clean Energy, Datong Huihai, Sanrang Jieneng, 81 LiaoYuan, and Pingxiang Shui Mei Jiang
- In March 2023, Balkan Green Energy News reported that European countries are switching to coal plants to tackle the energy crisis.
- In Aushut 2022, American Resources Corporation commenced its planning and development activities toward metallurgical coal mines.
The global coal water slurry market is segmented as follows:
- Chemical Industry
- Electrical Power Industry
- Metal Industry
- High Concentration
- Medium Concentration
- Low Concentration
- North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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