Mined Anthracite Coal market is expected to grow at a CAGR of ~2% between 2021-2027.
A comprehensive overview of the Mined Anthracite Coal market is recently added by UnivDatos Market Insights to its humongous database. The Mined Anthracite Coal market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Mined Anthracite Coal market. The Mined Anthracite Coal market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Mined Anthracite Coal market at the global and regional levels. Mined Anthracite Coal market is expected to grow at a CAGR of ~2% between 2021-2027.
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Market Overview
Anthracite is a naturally occurring smokeless fuel - very shiny, hard and dense - extremely slow burning with high heat output. Anthracite, also known as hard coal, black coal, etc. is a hard, compact variety of coal that has a submetallic luster. It has the highest carbon content, the fewest impurities, and the highest energy density of all types of coal and is the highest ranking of coals. Because anthracite is 82 to 86 percent carbon, it burns at a very high level of BTUs – 25 million BTUs per ton (BTUs, British Thermal Units, are a measure of heat). Its cost-per million BTUs is significantly lower than the cost-per-million BTUs of gas, oil, electricity, cord wood or wood pellets, making it a much more cost-efficient fuel source. In addition, The low sulphur and volatile content in anthracite makes it an extremely clean-burning fuel. Anthracite produces virtually no smoke or particulate emissions, a major problem with cord wood and wood pellet burning stoves. Therefore, anthracite coal stoves can be used as alternatives to wood stoves/fireplaces in areas of the country where wood burning is restricted, due to air pollution problems, or where wood is scarce and expensive.
The Mined Anthracite Coal market has captured significant market demand and is expected to grow at an stable rate in the forecasted period. It is mainly due to increasing digitization and a rise in the population. Moreover, the government is investing in expanding its existing electricity transmission and distribution systems to cater to the rising electricity demand due to rapid urbanization and industrialization. Furthermore, Anthracite is used as a heat source, and/or carbon additive for steel making plants and factories in a number of industries. Thus, the steel manufacturers are more inclined toward the use of anthracite coal than any other type owing to it high carbon content and cost effectiveness. Use of anthracite coal leads to reduced cost of production for the steel manufacturers, therefore, contributing to market growth.
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COVID-19 Impact
COVID-19 pandemic have impacted all sections of the society and industry and Mined Anthracite Coal market is no exception. The global demand for Mined Anthracite Coal decreased in 2020. COVID-19 pandemic resulted in slow growth of the energy and power sector in most of the economies globally, as many countries had nationwide lockdowns to prevent a spread of the virus. In addition, there was a decrease in energy consumption and demand from the industrial sector and commercial sector during first two quarter of 2020.
Mined Anthracite Coal market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily categorized into
· Standard Grade
· High Grade
· Ultra-high Grade
Based on type, the Mined Anthracite Coal Market is bifurcated into three segments: standard grade, high grade, and ultra-high grade. Among these, Ultra-high grade category to witness significant growth during the forecast period. Over the last few years, there has been an unprecedented increase in power demand. Power demand is rapidly increasing, not only in developing countries such as China and India, but also in developed countries such as the United States, though developing countries are leading in terms of demand growth. The expansion of grid networks and electrification of rural areas in developing and developing countries has resulted in an increase in power demand.
By Application, the market is primarily bifurcated into
· Power Generation
· Steel Production
· Fertilizer Production
· Others
Based on application, the Mined Anthracite Coal market has been bifurcated into power generation, steel production, fertilizer production, and others. Of these, steel generation to hold significant share and is expected to grow at steady CAGR during the forecast period. It plays an important role in cost reduction in the steel making process and is also used in production of ferroalloys, silicomanganese, calcium carbide and silicon carbide. South Africa exports lower-quality, higher-ash anthracite to Brazil to be used in steel-making. In addition, according to World Coal Association, nearly 70% of the steel produced makes use of coal. Anthracite Coal is a type of coal that is put to immense heat and pressure, thereby making it one of the hardest and most compressed coals available in the world.
Mined Anthracite Coal Market Geographical Segmentation Includes:
· United States
· China
· India
· Australia
· Russia
· Indonesia
· Poland
· South Africa
· Rest of World
For a better understanding of the market adoption of Mined Anthracite Coal Industry, the market is analyzed based on its worldwide presence in the countries such as U.S., China, India, Australia, Russia, Indonesia, Poland, South Africa, and Rest of World. In 2020, China dominated the market as it is the largest anthracite coal producer in the world. Most Chinese production is of standard-grade anthracite, which is used in power generation.
However, U.S. to witness strong constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 due its largest of anthracite coal. All of the anthracite mines in the United States are in northeastern Pennsylvania. In the United States, anthracite is mainly used by the metals industry. In addition, Anthracite is also used in water-filtration systems. It has tinier pores than sand, so more harmful particles are trapped.
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The major players targeting the market includes
· Shanxi Jincheng Anthracite Coal Mining Group
· Vinacomin
· Glencore plc
· Siberian Coal Energy
· Feishang Anthracite Resources
· Sadovaya Group
· Blaschak Coal Corporation
· Reading Anthracite Company
· Atrum Coal NL
· Celtic Energy
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Mined Anthracite Coal market. The leading players have been analysed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the Mined Anthracite Coal market?
· Which factors are influencing the Mined Anthracite Coal market over the forecast period?
· What are the global challenges, threats, and risks in the Mined Anthracite Coal market?
· Which factors are propelling and restraining the Mined Anthracite Coal market?
· What are the demanding global regions of the Mined Anthracite Coal market?
· What will be the global market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by global companies?
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