Anthracite Market size was valued at USD 18102.46 million in 2021 and is expected to expand at a CAGR of 3.43% during the forecast period, reaching USD 22166.28 million by 2030.
The primary factor driving the industry is the several advantages anthracite has over well-known alternatives like oil, cord wood, gas, electricity, and wood pellets. Additionally, the anthracite market is closely tied to the metals sector, where anthracite is primarily used as a feedstock, which will promote market expansion.
Anthracite, which is also known as hard coal, is a hard and compact kind of coal with a submetallic sheen. It is thought to be the purest variety of coal since it has undergone metamorphosis and contains between 85% and 90% carbon. When heated below the point of ignition, anthracite ignites slowly, burns with brief, blue, and smokeless flames, and does not release any tarry or hydrocarbon fumes. It is divided into two standard categories, high grade (HU) and ultra high grade (UHG), the latter of which is mostly utilized in the production of electricity. Because it is a high carbon and high BTU (British Thermal Units) grade energy source by nature, it is used in commercial and industrial settings.
It has a number of advantages as a fuel source over well-known alternatives like oil, cordwood, gas, electricity, and wood pellets. Additionally, there is a strong correlation between the anthracite market and the metals sector, where anthracite is primarily used as a feedstock. The global anthracite market is anticipated to grow as a result of these factors. Because anthracite coal is more expensive than other types due to its high quality standard, some countries do not use it in power plants or as a substitute for gasoline derived from petroleum, which restrains the market’s expansion.
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Major Players in Anthracite market are:
Ningxia TLH Group
Jingmei Group
Siberian Anthracite
Jincheng Anthracite Mining Group
Lanhua
Reading Anthracite Coal
Blaskchak Coal Corporation
Henan Energy and Chemical Industry Group
Keystone Anthracite
Yangquan Coal Industry
Pagnotti Enterprises In
Atlantic Coal Plc
Xcoal
Kimmel Coal
Shenhuo
DTEK
Feishang Group
Atrum
Robindale Energy & Associated Companies
Anju Coal Mine
Hdcoal
VostokCoal
China Shenhua
VINACOMIN
Most important types of Anthracite products covered in this report are:
Anthracite Fines
Lump Anthracite
Most widely used downstream fields of Anthracite market covered in this report are:
Steel Industry
Cement Industry
Chemical Industry
Electricity Industry
Others
Top countries data covered in this report:
United States
Canada
Germany
UK
France
Italy
Spain
Russia
China
Japan
South Korea
Australia
Thailand
Brazil
Argentina
Chile
South Africa
Egypt
UAE
Saudi Arabia
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Key Points:
Define, describe and forecast Anthracite product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
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