Lignite Market by Application and Geography - Forecast and Analysis 2020-2024

Lignite Market by Application and Geography - Forecast and Analysis 2020-2024

Global Lignite Market: About this market

Technavio’s lignite market analysis considers sales from power generation, syngas generation, and other applications. Our report also finds the sales of lignite in APAC, EMEA, and the Americas. In 2019, the power generation segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising global demand for power and the low cost of lignite will play a significant role in the power generation segment to maintain its market position. Also, our global lignite market report looks at factors such as the rise in global energy demand, relatively low price of lignite, and increasing demand for fertilizers. However, competition from alternative energy sources, stringent regulations on carbon emissions, and declining investments in the coal industry may hamper the growth of the lignite industry over the forecast period.

Global Lignite Market: Overview

Increasing demand for fertilizers

With the increasing population and rising disposable incomes, the need for food and agricultural commodities have increased. To cater to this growing demand for food, farmers in various countries are making efforts to improve the yield and quality of the soil by experimenting with several soil nutrients. Lignite is widely used in the production of fertilizers. Lignite is oxidized by nitric acid in two stages, which are then ammoniated to produce coal-based fertilizers. This demand for fertilizers leads to the expansion of the global lignite market at a CAGR of over 1% during the forecast period.

Increasing adoption of CTL

The popularity of the CTL or coal liquefaction process for converting coal into liquid hydrocarbons is because it can be used as a petrochemical feedstock and transportation fuels and in the production of lubricants, synthetic waxes, and chemicals. The popularity of CTL or coal liquefaction process for converting coal into liquid hydrocarbons, such as diesel, naphtha, and kerosene is growing. The environmental benefits of CTL-derived products over conventional liquid fuels will further fuel its adoption in various sectors across the world. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global lignite market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global lignite market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lignite manufacturers, that include ALLETE Inc., China Shenhua Energy Co. Ltd., EP Power Europe AS, JSC Siberian Coal Energy Co., Lanna Resources Public Co. Ltd., Lignitiki Megalopolis SA, NACCO Industries Inc., NLC India Ltd., PT Bukit Asam Tbk, and RWE AG.

Also, the lignite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendor- Key offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global coal market
      • Table Segments of global coal market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by application
    • Table Application - Market share 2019-2024 (%)
    • Comparison by application
      • Table Comparison by application\
    • Power generation - Market size and forecast 2019-2024
      • Table Power generation - Market size and forecast 2019-2024 ($ millions)
      • Table Power generation - Year-over-year growth 2020-2024 (%)
    • Syngas generation - Market size and forecast 2019-2024
      • Table Syngas generation - Market size and forecast 2019-2024 ($ millions)
      • Table Syngas generation - Year-over-year growth 2020-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ millions)
      • Table Others - Year-over-year growth 2020-2024 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • EMEA - Market size and forecast 2019-2024
      • Table EMEA - Market size and forecast 2019-2024 ($ millions)
      • Table EMEA - Year-over-year growth 2020-2024 (%)
    • Americas - Market size and forecast 2019-2024
      • Table Americas - Market size and forecast 2019-2024 ($ millions)
      • Table Americas - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Improvements in ash-handling technologies
    • Advances in mining industry
    • Increasing adoption of CTL
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ALLETE Inc.
      • Table ALLETE Inc. - Vendor overview
      • Table ALLETE Inc. - Business segments
      • Table ALLETE Inc. - Organizational developments
      • Table ALLETE Inc. - Segment focus
      • Table ALLETE Inc. - Key offerings
    • China Shenhua Energy Co. Ltd.
      • Table China Shenhua Energy Co. Ltd. - Vendor overview
      • Table China Shenhua Energy Co. Ltd. - Business segments
      • Table China Shenhua Energy Co. Ltd. - Organizational developments
      • Table China Shenhua Energy Co. Ltd. - Geographic focus
      • Table China Shenhua Energy Co. Ltd. - Segment focus
      • Table China Shenhua Energy Co. Ltd. - Key offerings
    • EP Power Europe AS
      • Table EP Power Europe AS - Vendor overview
      • Table EP Power Europe AS - Business segments
      • Table EP Power Europe AS - Organizational developments
      • Table EP Power Europe AS - Segment focus
      • Table EP Power Europe AS - Key offerings
    • JSC Siberian Coal Energy Co.
      • Table JSC Siberian Coal Energy Co. - Vendor overview
      • Table JSC Siberian Coal Energy Co. - Business segments
      • Table JSC Siberian Coal Energy Co. - Organizational developments
      • Table JSC Siberian Coal Energy Co. - Segment focus
      • Table JSC Siberian Coal Energy Co. - Key offerings
    • Lanna Resources Public Co. Ltd.
      • Table Lanna Resources Public Co. Ltd. - Vendor overview
      • Table Lanna Resources Public Co. Ltd. - Business segments
      • Table Lanna Resources Public Co. Ltd. - Geographic focus
      • Table Lanna Resources Public Co. Ltd. - Segment focus
      • Table Lanna Resources Public Co. Ltd. - Key offerings
    • Lignitiki Megalopolis SA
      • Table Lignitiki Megalopolis SA - Vendor overview
      • Table Lignitiki Megalopolis SA - Key offerings
    • NACCO Industries Inc.
      • Table NACCO Industries Inc. - Vendor overview
      • Table NACCO Industries Inc. - Business segments
      • Table NACCO Industries Inc. - Key offerings
    • NLC India Ltd.
      • Table NLC India Ltd. - Vendor overview
      • Table NLC India Ltd. - Business segments
      • Table NLC India Ltd. - Organizational developments
      • Table NLC India Ltd. - Segment focus
      • Table NLC India Ltd. - Key offerings
    • PT Bukit Asam Tbk
      • Table PT Bukit Asam Tbk - Vendor overview
      • Table PT Bukit Asam Tbk - Business segments
      • Table PT Bukit Asam Tbk - Organizational developments
      • Table PT Bukit Asam Tbk - Geographic focus
      • Table PT Bukit Asam Tbk - Segment focus
      • Table PT Bukit Asam Tbk - Key offerings
    • RWE AG
      • Table RWE AG - Vendor overview
      • Table RWE AG - Business segments
      • Table RWE AG - Organizational developments
      • Table RWE AG - Geographic focus
      • Table RWE AG - Segment focus
      • Table RWE AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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