The Global Mined Anthracite Coal market accounted for $59.58 billion in 2019 and is expected to reach $78.46 billion by 2027 growing at a CAGR of 3.5% during the forecast period.
Some of the key factors propelling market growth are mounting execution of IOT in anthracite coal mining, increasing demand for anthracite coal in construction, infrastructural and manufacturing sector. However, strict policy and rules is the restraining factor for the growth of the market.
Anthracite coal is the most recent and most clean form of coal. It is created when bituminous coal is subjected to elevated pressure in folded rocks. Anthracite coal is the oldest and cleanest form of coal, with a minimum volatile matter and ash content. Anthracite coal accounts for around 1% share of the total coal reserves, owing to which, the product is very uncommon and more exclusive than other types of coal. Anthracite coal has the utmost energy and carbon content and smallest amount unwanted impurities among all coal types.
By grades, ultra-high grade segment is expected to grow at significant market share during the forecast period due to vast necessity of this in steel manufacturing industry. Ultra high grade anthracite is harder than other grade anthracite and has a superior relative density.
On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period owing to the quick development seen in the industrial sector and booming construction industry in most important economies in the region is major reason behind this growth. Asia Pacific having massive population base for which they need power generation at immense rate has further strengthened growth of the mined anthracite coal market in this region.
Companies Mentioned
- Atrum Coal NL
- Blaschak Coal Corporation
- Celtic Energy
- Feishang Anthracite Resources
- Glencore
- Jindal Steel and Power
- Reading Anthracite Coal
- Sadovaya Group
- Sadovaya Group
- Shanxi Jincheng Anthracite Coal Mining Group
- Siberian Coal Energy
- Vinacomin
- Zululand Anthracite Colliery
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company Profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements