The anthracite coal market is anticipated to grow at a significant CAGR during the forecast period (2022-2028).Anthracite is hard, compact coal that contains the most carbon of any coal variety. The global demand for anthracite has grown as a result of lower impurities and a higher calorific value, boosting the anthracite coal market. Anthracite contains less residue and pollutants after burning than other coal kinds, and the flue gas is minimal, making it an efficient fuel. The most common PCI (Pulverized Carbon Injection Product) and ULV (Ultra Low Volatile Product) is anthracite coal. It goes straight into the blast furnace. As anthracite is a better and cleaner alternative to coke, it minimizes its use. In addition, the global lack of coke and its comparatively high price has boosted future demand for ultra-low bituminous coal. Steel mills prefer ULV because of its increased carbon and energy content, which results in better performance. The market for anthracite coal has risen dramatically as a result of this.
A full report of Global Anthracite Coal Market is available at:https://orionmarketreports.com/global-anthracite-coal-market/80659/
The global anthracite coal market is segmented based on type and application. Based on the type, the market is sub-segmented into lump anthracite coal and anthracite coal fines. Among these types, the lump anthracite coal segment is expected to propel the growth of the market due to the increasing demand for anthracite coal in factories that use coal in lump form. Based on the application, the market is sub-segmented into the energy industry, chemical industry, cement industry, steel industry, and others.
The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2021, Sib anthracite Group signed a long-term strategic cooperation agreement with Baosteel Resources, a subsidiary of China Baowu Iron and Steel Group, under which the Sib anthracite Group will increase coal exports to China, including injection coal and high-quality anthracite coal. Similarly, in August 2021, Zinoju Coal, an indirect subsidiary of TX and Buffalo Corp., and its Balgray coal mine reconstruction project in KwaZulu Natal, South Africa announced that they have received environmental permits. Zinoju owns the Magdalena bitumen mine and the anthracite Aviemore mine in KwaZulu Natal.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Bathurst Resources, Cokal Ltd., Attila Resources, Tigers Realm Coal Ltd., Aspire Mining Ltd., Jameson Industries Ltd., and Aberdeen International Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Anthracite Coal Market Report by Segment
By Type
- Lump Anthracite Coal
- Anthracite Coal Fines
By Application
- Energy Industry
- Chemical Industry
- Cement Industry
- Steel Industry
- Others
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