Report Details:
15 Companies Covered
128 Pages
Market Research Future (MRFR) has published on the “Global Anthracite Market”.
According to MRFR analysis, the Global anthracite market was valued at USD 143,501.5 million in 2023 and is projected to grow to USD 165,644.8 million by 2032, registering a CAGR of 2.10% during the forecast period from 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Anthracite market—Blaschak Anthracite (US), Lehigh Anthracite (US), Atlantic Carbon Group Inc. (Pennsylvania), Black Diamond Corporation (India), Garcia Munte Energía S.L. (Spain), Atrum Coal (Canada), Siberian Anthracite (Russia), XCoal Energy & Resources (US), Beijing Jingmei Group Co., Ltd. (China), Kizashi Carbon (India)
Anthracite Market Highlights
The capacity of anthracite to efficiently eliminate pollutants and impurities from water has drawn a lot of interest, particularly in light of the growing emphasis on clean water supply and water treatment on a global scale. The potential for anthracite to be a key component of many different water filtration applications—such as home water filters, industrial water treatment systems, and municipal water treatment plants—is growing. The market for anthracite can establish itself as a major participant in the larger water treatment solutions scene by persuasively demonstrating its benefits and effectiveness in water purification. The high carbon content and porous structure of anthracite contribute to its remarkable filtration qualities. The network of pores in anthracite coal enables effective adsorption and filtration of organic debris, suspended particles, and even some types of water contaminants. Since of these characteristics, anthracite is a highly attractive material for a variety of water treatment applications since it may function as a highly effective filtration medium. The anthracite market may position itself as a major player in delivering sustainable and effective solutions for clean water by properly marketing its advantages in water filtration. This will align with worldwide efforts to ensure that everyone has access to safe and reliable water resources.
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Segment Analysis
The global Anthracite market has been segmented based on Grade, Application, End Use and Region.
The global Anthracite Market segmentation, based on Grade has been segmented Standard Grade, High Grade, Ultra-High Grade. Among these, the Standard Grade segment is anticipated to dominate the global Anthracite market revenue through the projected period as estimated by MRFR analysts. The increasing use of Standard grade anthracite as a domestic fuel will positively impact its market size as anthracite produces more heat and less smoke owing to which it is also use for other applications including power generation.
In the Application segment, the market is categorized as Power Stations, Steel Production, Water Treatment & Filtration, General Industrial, Others. Out of which the Power Stations segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. Anthracite is significantly used in power station for generating power. It can efficiently deliver high energy per its weight and also burns cleanly and produces little soot, thereby making it ideal in power stations.
The global Anthracite Market segmentation, based on End Use has been segmented Metallurgical, Energy & Power, Chemicals, Others. Among these, the Metallurgical segment is anticipated to dominate the global Anthracite market. Anthracite is used substantially in metallurgical industry. It is used as a reducing agent for numerous applications such as iron ore pellets and briquetting charcoal in metal smelting and fabrication sectors.
Regional Analysis
By Region, the Anthracite market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North America Anthracite market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. Increasing industrialization and urbanization is driving the development of several industrial sectors. This factor will create substantial growth opportunities for anthracite owing to its application in industries such as power stations, steel production, water treatment & filtration, among others.
Key Findings of the Study
- The global Anthracite market is expected to reach USD 165,644.8 million by 2032, at a CAGR of 2.10% during the forecast period.
- The North America region accounted for the fastest-growing global market.
- Based on Grade, the Standard Grade segment was attributed to holding the largest market in 2022.
- Based on Application, the Power Stations segment was attributed to holding the largest market in 2022.
- Based on End Use, the Metallurgical segment was attributed to holding the largest market in 2022.
- Blaschak Anthracite (US), Lehigh Anthracite (US), Atlantic Carbon Group Inc. (Pennsylvania), Black Diamond Corporation (India), Garcia Munte Energía S.L. (Spain), Atrum Coal (Canada), Siberian Anthracite (Russia), XCoal Energy & Resources (US), Beijing Jingmei Group Co., Ltd. (China), Kizashi Carbon (India) are the key market players.