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Anthracite Market - By Grade (Standard, High, Ultra-high), By formulation (Liquid Disinfectants, Powder Disinfectants, Gel Disinfectants), By Application (Fuel, Steel Production, Indurating Furnaces) By (Surface, Underground), By End Use & Forecast, 2023 – 2032

  • Report ID: GMI5974
  • Published Date: Jun 2023
  • Report Format: PDF

Anthracite Industry Analysis

Anthracite Market size reached USD 300 billion in 2022 and is estimated to grow at a CAGR of over 4.5% from 2023 to 2032. The ongoing trend of urbanization and infrastructure development worldwide fuels the demand for anthracite.
 

Anthracite Market

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As cities and urban areas continue to expand, the need for reliable and efficient energy resources becomes paramount. Anthracite, with its high energy density and efficiency, emerges as an attractive option for powering urban infrastructure, including electricity generation, heating systems, and industrial processes. The growing demand for energy in urban environments creates a favorable environment for the anthracite industry to thrive.
 

The rising steel production sector acts as a major catalyst for the growth of the anthracite market. Anthracite serves as a vital fuel source in the steelmaking process, specifically in blast furnaces. As steel production continues to witness significant growth, particularly in developing economies, the demand for anthracite as a primary fuel source remains strong. The robust steel industry drives the need for anthracite, positioning the market for expansion.
 

The declining coal consumption poses a significant restraint for the anthracite market as the global energy landscape shifts towards cleaner and more sustainable alternatives. The increasing awareness and concerns about climate change and environmental pollution have led to stricter regulations and policies aimed at reducing greenhouse gas emissions. As a result, governments and industries are actively transitioning to renewable energy sources, such as solar and wind power, and cleaner-burning fuels like natural gas. This shift away from coal has resulted in a decline in demand for anthracite, as it is also a form of coal. The abundance of natural gas reserves, coupled with advancements in renewable energy technologies, has made these alternatives more cost-effective and appealing.
 

COVID-19 Impact

The COVID-19 pandemic has had a significant impact on the anthracite market. The measures implemented to contain the spread of the virus, such as lockdowns, travel restrictions, and economic slowdowns, disrupted global supply chains and industrial activities, leading to a decline in demand for anthracite. Industries heavily reliant on anthracite, such as steel production and energy generation, experienced reduced output and consumption during the pandemic. The global economic downturn resulted in lower construction activity and reduced demand for anthracite in the residential and commercial sectors. The uncertainty surrounding the pandemic also affected investment decisions and project timelines, leading to delays and uncertainties in new developments within the anthracite industry.
 

Anthracites Market Trends

The anthracite market is influenced by the shift towards cleaner energy sources and the growing focus on environmental concerns and regulations. The global emphasis on reducing greenhouse gas emissions and addressing climate change has led to a decline in the use of coal, including anthracite, as a fuel source. Renewable energy sources like solar and wind power have gained prominence, while natural gas has become a preferred alternative due to lower emissions. This trend has impacted the demand for anthracite, necessitating adaptation to the changing market dynamics.
 

Additionally, stricter environmental regulations and emission standards are being implemented to limit carbon emissions and pollutants associated with coal combustion, including anthracite. This puts pressure on the anthracite industry to invest in cleaner technologies and practices to comply with regulations and meet the growing demand for cleaner energy solutions.
 

Anthracite Grade Segmentation

Global Anthracite Market Size, By Grade, 2021 - 2032 (USD Billion)

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Based on grade, the anthracite market is segmented into standard grade, high grade, ultra-high grade, and other grades. Among these, the standard grade segment is likely to register 4.5% CAGR through 2032. Standard grade anthracite is widely preferred and utilized due to its balanced properties and versatility across various applications. The standard grade anthracite holds a significant market share due to its optimal carbon content, low ash content, and favorable combustion characteristics. These properties make it a suitable choice for numerous industrial and residential applications. In the energy sector, standard grade anthracite is extensively used for electricity generation, particularly in coal-fired power plants. Its high energy density and low impurities contribute to efficient and cost-effective energy production.
 

Anthracite Application Segmentation

Global Anthracite Market Revenue Share, By Application, (2022)

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Based on application, the anthracite market is segmented into fuel, steel production, indurating furnaces, and others. The fuel segment stands out as the dominant segment in terms of revenue it was USD 153 billion in 2022. Anthracite is widely used as a fuel source due to its high energy density and efficiency. It is extensively utilized in various industries for energy generation, including coal-fired power plants, where it plays a crucial role in electricity production.
 

In the steel production segment, the market size of structural steel is valued at USD 99.48 billion, and steel rebar holds a significant market share. Anthracite serves as a vital fuel source for blast furnaces in this industry. Its high carbon content and low impurities make it ideal for achieving the necessary temperatures and chemical reactions required in the steelmaking process. Anthracite's consistent quality and reliable performance contribute to the production of high-quality steel.
 

Anthracite End Use Segmentation

Based on application, the anthracite market is segmented into steel, energy and power, bricks, silicon and glass, synthetic fuels, and others. The steel industry heavily relies on the invaluable contributions of anthracite, which assumes a paramount role as a crucial fuel source for blast furnaces. Within this industrial realm, anthracite's distinguished characteristics, including its high carbon content and minimal impurities, bestow upon it an unparalleled suitability for accomplishing the formidable temperatures and intricate chemical reactions requisite for steel production. With a CAGR of 4.7%, the steel segment continues to thrive, driven by the growing demand from the anthracitel industry. Thus, it emerges as the optimal catalyst, propelling the steel sector's relentless pursuit of excellence.
 

Anthracite finds application in the bricks industry due to its high heat output and low ash content. It is used as a fuel source in brick kilns, providing the necessary heat for the firing process and ensuring the production of high-quality bricks. In the silicon and glass industry,  anthracite is utilized as a carbon additive in the production of silicon metal and glass products. It enhances the quality and properties of these materials, contributing to their strength and durability. The synthetic fuels segment utilizes anthracite as a feedstock for the production of synthetic fuels such as coal gasification, coal-to-liquids, and coal-to-gas processes. Anthracite's chemical composition makes it suitable for these advanced fuel production methods.
 

Anthracite Mining Segmentation

Based on mining, the market is segmented into surface mining and underground mining. The surface mining segment is experiencing significant growth with USD 220 billion revenue in the anthracite market. Surface mining involves the extraction of anthracite from the Earth's surface through open-pit mining or strip-mining methods. This method is often preferred when the anthracite deposits are close to the surface and easily accessible. The growing significance of the surface mining segment can be attributed to several factors. Firstly, surface mining allows for a higher production rate compared to underground mining, as larger quantities of anthracite can be extracted in a shorter period. This increased production capacity meets the growing demand for anthracite in various industries.
 

Underground mining is another important segment in the anthracite industry, which involves the extraction of anthracite from beneath the Earth's surface through underground tunnels and shafts. This method is utilized when anthracite deposits are located at greater depths or when surface mining is not feasible or economical.
 

Anthracite Regional Analysis

North America Anthracite Market Size, 2020- 2032 (USD Billion)

North America anthracite market is characterized by the prominent presence of the United States, which holds a significant market share in the region. The U.S. market for anthracite benefits from the country's abundant reserves of high-quality anthracite coal and a well-established mining industry. The U.S. anthracite coal deposits are primarily concentrated in regions such as Pennsylvania, West Virginia, and Kentucky.
 

United States has a long history of anthracite coal mining and utilization, with the coal industry playing a crucial role in the country's energy sector and economy. Anthracite coal is widely used in various applications, including residential heating, industrial processes, and electricity generation. The superior qualities of U.S. anthracite, such as its high carbon content, low sulfur content, and high energy density, make it a preferred choice for many end-users.
 

Anthracite Industry Leaders 

Some of the major key players operating in the anthracite market include China Shenhua Energy Company, Yanzhou Coal Mining Company, Kuzbassrazrezugol (KRU), Mechel PAO, Siberian Anthracite, Reading Anthracite Company, Blaschak Coal Corporation, Atlantic Coal Plc, Lehigh Anthracite, Jeddo Coal Company, Vinacomin - Vietnam National Coal and Mineral Industries Group, DTEK, Sadovaya Group, Xcoal Energy & Resources, Yitai Coal Co., Ltd., VostokCoal, OKD (OKD, a.s.), Coal India Limited, Glencore PLC, Murray Energy Corporation.. among others. These participants focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Anthracite Industry News:

  • In August 2022, The Polish government has signed an agreement to acquire stakes in anthracite mine operator Polska Grupa Gornicza (PGG) from four state utility companies as part of its efforts to transform the heavily polluting coal sector. The state assets ministry plans to purchase coal assets from utility companies, including Enea, Polska Grupa Energetyczna (PGE), and Tauron Polska Energia (TPE), and transfer them to a new state-owned entity. Under the conditional deal, the utility companies will sell their shares in PGG to the Polish government for a symbolic amount of one Polish zloty (PLN1).
     

This anthracite market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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By Grade

  • Standard Grade
  • High Grade
  • Ultra-high Grade
  • Other Grades

By Application

  • Fuel
  • Steel Production
  • Indurating furnaces
  • Others

By End Use

  • Steel
  • Energy & Power
  • Bricks
  • Silicon & Glass
  • Synthetic Fuels
  • Others

By Mining

  • Surface
  • Underground

By region

  • North America
    • U.S.
    • Canada 
    • Europe
  • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of anthracite was valued at around USD 300 billion in 2022 and is estimated to reach over USD 450 billion by 2032. The ongoing trend of urbanization and infrastructure development worldwide fuels the demand for anthracite.

The standard grade anthracite industry size will record 4.5% CAGR through 2032, as the product is widely preferred and utilized across various applications. due to its optimal carbon content, low ash content, and favorable combustion characteristics.

North America market for anthracite will expand considerably during 2023 and 2032, on account of abundant anthracite reserves in the U.S., along with the superior qualities of U.S. anthracite, such as its high carbon content, low sulfur content, and high energy density.

Vinacomin - Vietnam National Coal and Mineral Industries Group, DTEK, Sadovaya Group, Xcoal Energy & Resources, Yitai Coal Co., Ltd., VostokCoal, OKD (OKD, a.s.), Coal India Limited, and Glencore PLC among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 304
  • Countries covered: 18
  • Pages: 128
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