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The global coal market is prophesied to gain traction due to the affordability and stability of prices compared to those of oil and gas. For decades, coal is expected to be the most cost-effective fuel for generating power in a number of industrialized and emerging nations. Approximately 35.0% of the electricity produced in the world utilizes coal. This percentage is envisaged to rise in the near future because of the increasing uptake of coal in the industrial sector besides electricity. Vendors in the coal market could be exposed to a host of new prospects as coal supplies proliferate over numerous locations across the world.

The expensive cost of coal extraction could be a major deterrent in the coal market. However, the significant pace of industrialization and aggressive demand for power in various emerging nations are predicted to increase demand in the coal market.