Japan Coal Market Insights Forecasts to 2032

• The Japan Coal Market Size was valued at USD multimillion in 2022.
• The market is growing at a CAGR of 5.2% from 2022 to 2032

The Japan Coal Market Size was valued at USD multimillion in 2022 and is expected a CAGR of 5.2% during the forecast period (2022-2032).

Market Overview

Coal is typically mined through underground mining or surface mining methods. Underground mining involves extracting coal from below the earth's surface through tunnels and shafts. Surface mining, including open-pit mining and strip mining, involves removing the overlying rock and soil to access coal seams. Factors such as plans to enhance power production capacity and rising energy consumption as a result of the country's rapidly increasing industrial and infrastructure development activities are projected to drive the market during the forecast period. However, coal is being phased out of the energy mix in many affluent countries due to the production of air pollutants from coal burning. Furthermore, coal power is being blended with other alternative sources, such as renewables and natural gas, which assist to lessen the environmental effect of coal. These factors are projected to limit the expansion of the Japan coal market. Japan experienced high rates of power consumption as a result of the country's economic expansion, as well as issues such as the shutdown of all nuclear reactors. This has resulted in a rapid increase in the use of coal in recent years. Oil, natural gas, and coal account for more than 87% of Japan's primary energy, whereas renewables, hydropower, and nuclear energy account for only 12.5% of the country's primary energy.

Report Coverage

This research report categorizes the market of Japan coal market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan coal market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan coal market.

Driving Factors

With rising energy demand, coal power plants in Japan are likely to consume a substantial amount of coal. Upcoming coal power facilities are projected to provide market participants with an opportunity in the next years. Moreover, rising environmental concerns about greenhouse gas emissions and global warming are likely to limit coal industry growth in Japan throughout the projection period. Furthermore, Japan has developed advanced infrastructure and technologies related to coal, including efficient coal-fired power plants and advanced coal processing facilities. These investments have helped optimize the utilization and efficiency of coal, further supporting its presence in the energy mix. Moreover, Japan has limited domestic energy resources, and coal has played a crucial role in ensuring energy security. As one of the largest coal importers globally, Japan has relied on coal to meet a significant portion of its energy needs, particularly for power generation.

Restraining Factors

The decline in the growth rate of coal consumption owing to environmental restrictions and rising renewable participation in Japan's coal market is predicted to impede market growth throughout the forecast period. Also, Japan has recently had serious pollution difficulties, particularly in the summer, resulting in excessive temperatures and heat waves. This has compelled individuals and the government to consider and address the issue.

COVID 19 Impacts 

The pandemic led to a decline in energy demand due to reduced industrial activity, travel restrictions, and economic slowdown. As a result, the demand for coal, including thermal coal used in power generation, decreased. Also, restrictions on international travel, lockdown measures, and workforce limitations affected the global coal supply chain. Delays in transportation, port operations, and logistical challenges impacted coal imports and exports, which could have influenced the Japancoal market.

Market Segment

• In 2022, the power station {thermal coal} segment is influencing the largest market share over the forecast period.

Based on the end users, the Japan coal market is segmented into power station {thermal coal}, coking feedstock {coking coal}, and others. Among these segments, power station {thermal coal} dominates the largest market share during the forecast period. Thermal coal is primarily used in power generation, where it is burned to produce steam, which in turn drives turbines to generate electricity. Power stations are a major consumer of thermal coal. To address its energy demands, the nation is actively developing new coal-fired facilities. In the next five years, the country intends to build at least 22 new coal-fired power plants in 17 different locations. Japan is an energy-scarce country that imports the majority of its energy. This is another reason for the country's increased coal usage, as coal is cheap and readily available.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan coal market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Chiyoda Corp
• Itochu Corp
• Mitsubishi Heavy Industries Ltd
• Toshiba Corp
• Electric Power Development Co., Ltd.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Japan Coal Market based on the below-mentioned segments:

Japan Coal Market, By End Use

• Power Station {Thermal Coal}
• Coking Feedstock {Coking Coal}
• Others