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Global Lignite Mining Market Report 2020-2027 - ResearchAndMarkets.com
February 4, 2021 GMT
Global Lignite Mining Market to Reach US$155 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Lignite Mining estimated at US$113.6 Billion in the year 2020, is projected to reach a revised size of US$155 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027.
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Electricity generation, one of the segments analyzed in the report, is projected to grow at a 4.1% CAGR to reach US$108 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fertilizer based production segment is readjusted to a revised 5.7% CAGR for the next 7-year period. This segment currently accounts for a 18.2% share of the global Lignite Mining market.
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