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Anthracite Market Trends

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

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of anthracite was valued at around USD 315 billion in 2023 and is estimated to reach over USD 470 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.