PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1397256
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1397256
The global Calcined Anthracite Market is experiencing significant growth, with sales reaching US$ 3.7 Billion in 2024. A projected growth rate of 5% from 2024 to 2031 is expected to drive the market to a valuation of US$ 5.1 Billion by the end of the forecast period, according to the latest analysis report by Fairfield Market Research. Gas Calcined Anthracite technology is set to be the highest revenue-generating segment from 2023 to 2033.
The expansion of the Calcined Anthracite Market is influenced by several key factors:
Asia-Pacific currently dominates the global Calcined Anthracite market, driven by increased demand in industries such as iron and steel, aluminum, pulp and paper, and power generation. Countries like China and India possess abundant coal deposits used in the production of Calcined Anthracite. This region's dominance is expected to continue due to the rapid growth of the iron and steel and aluminum industries in countries like China, India, and South Korea.
The United States is a significant consumer of Calcined Anthracite, particularly in the paper and pulp industry, which requires substantial energy. The energy sources used in paper production, including Calcined Anthracite, play a crucial role in this sector.
China is both the largest consumer of Calcined Anthracite and the world's largest steel producer, accounting for over half of global output. The market is driven by China's increased use of high-strength steel in infrastructure and automotive projects, further boosting demand for Calcined Anthracite.
Japan, a leading steel manufacturer, consumes a substantial portion of its steel output in domestic industries like construction and auto manufacturing. Japan is also the third-largest global producer of paper and cardboard, with Calcined Anthracite being a significant energy source in these industries.
Key players in the Calcined Anthracite Market include: Asbury Carbon, Black Diamond, Dev Technofab Ltd., Elkem ASA, Henan Star Metallurgy Material Co. Ltd, JH Carbon Pty Ltd, Kingstone Group, Resorbent s.r.o., Rheinfelden Carbon Products GmbH, Sojitz JECT Corporation, and Voltcon International PTE Limited.
The global Calcined Anthracite Market is poised for substantial growth, driven by increasing steel production, demand from the electric vehicle industry, and the ban on petcoke in select markets.