Coal to Liquid Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is predicted to account for largest revenue share of 35% by 2035, impelled by huge presence of coal reserves in the region.China possesses proven reserves that are more than 34 times as much as its yearly usage, ranking second in the world after the United States. This, as a result, may lead to a higher supply of coal in the region and make coal an attractive option as a source of fuel for various purposes. In 2020, China's proven coal reserves were estimated to be over 143 billion metric tonnes.
European Market Insights
The Europe coal to liquid market is estimated to be the second largest, during the forecast timeframe led by increasing production of coal. Germany is Europe's top coal producer. Germany extracted around 107 million metric tons of lignite in 2020. In comparison, Poland was the largest and one of the few producers of hard coal that year, with around 54 million metric tons. As a result, there is a huge availability of coal which would attract more investment in coal to liquid technology in the region.
