Anthracite Market Outline to 2025 | Potential Growth Rate (CAGR), COVID-19 Overview, Business Strategies, Industry Trend, Analysis, Opportunity Assessment
Research Reports
Dec 28, 2020
Anthracite is a clean and hardest coal and preferred due to negligible impurities, coal-low sulfur, and high carbon content. It can be mined through deep and underground mining. It is used in hospitals, schools, office buildings, homes, and other institutions. The global anthracite market report by Market Research Future (MRFR) looks at pertinent drivers, trends, and challenges for anthracite miners for the period of 2018 to 2023 (forecast period).
Market Scope
The global anthracite market is majorly driven by the demand in power generation sectors worldwide. The easy access to coal mines by countries in Asia and Europe will drive market growth. Contracts with mining companies for a steady flow of coal can keep the market steady despite fluctuating prices of coal and other economic downfalls. The demand of anthracite in steel generation can bolster market demand owing to presence of large steel manufacturing plants in the U.S. In addition, end-uses of steel in automotive, construction, and electrical sectors will augur favorably for the market.
But the high costs of the elements due to its high purity among coal grades can dampen the market growth.
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Segmentation
The global anthracite market is segmented by application and end users.
Based on application of anthracite the market is segmented into furnace coal replacement, fuel, indurating furnaces, steel making, sinter plants, and others. The steel making application can command a huge share of the anthracite demand owing to the ability of the element in eliminating steel impurities. Inclination towards petroleum coke which can culminate in high-grade steel can boost segment growth till 2023. On the other hand, the fuel segment is projected to expand at a stellar rate owing to the demand for smokeless fuels. These fuels contain anthracite and emit less toxic fumes and burn with maximum efficiency. Its applications include open fires, multi-fuel stoves, and room heaters.
Based on end user the market is segmented into silicon & glass, steel, energy & power, bricks, synthetic fuels, others. The energy & power sector can command a hefty share of the global anthracite market owing to the high carbon content of the element. In addition, changes in polices of governments to switch to clean fuels can work in favor of the market.
Competition Outlook
Vietnam National Coal-Mineral Industries Group, Sadovaya Group, Robindale Energy Services, Inc., Vostok Coal, Atrum Coal Ltd, Siberian Anthracite, Celtic Energy, Lehigh Anthracite, Atlantic Coal Plc., Blaschak Coal Corporation, and others are key players of the global anthracite market.
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Regional Analysis
Based on region market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, Middle East & Africa (MEA).
APAC is touted to be the biggest region for anthracite owing to its demand in furnace coal replacement, steel making, sinter plants, fuel, and indurating furnaces. China and Japan are the biggest contributors of the region. China also receives exports from North Korea owing to lax trade policies and demand in major end-user industries.
Europe can witness towering growth owing to maximum exports of anthracite in Asia. Russia is willing to be the leader in the region due to low production prices. For instance, the Russian Sibanthracite Group is expected to expand its construction of infrastructure to meet the demand for coal. The demand by China and India can act as a catalyst for the market.
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