Market Research Report
Mined Anthracite Coal Market: Current Analysis and Forecast (2021-2027)
|Mined Anthracite Coal Market: Current Analysis and Forecast (2021-2027)|
Published: February 1, 2022
UnivDatos Market Insights Pvt Ltd
Content info: 218 Pages
Delivery time: 1-2 business days
Mined Anthracite Coal Market is anticipated display a CAGR of around 2% over the forecast period (2021-2027). 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.
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.
Shanxi Jincheng Anthracite Coal Mining Group, Vinacomin, Glencore, Siberian Coal Energy, Feishang Anthracite Resources, Sadovaya Group, Blaschak Coal Corporation, Reading Anthracite Company, Atrum Coal NL, and Celtic Energy are some of the prominent players operating in the Mined Anthracite Coal market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
"Amongst Type, Ultra-high Grade category to witness significant growth during the forecast period"
Based on type, the Mined Anthracite Coal Market is bifurcated into three segments: Standard Grade, High Grade, and Ultra-high Grade. During the forecast period, Ultra-high grade category to witness significant growth. High Grade and Ultra-high Grade anthracite are the highest grades of anthracite coal. They are the purest forms of coal, having the highest degree of coalification, the highest carbon count and energy content and the fewest impurities (moisture, ash and volatiles). Ultra-high Grade anthracite typically has a minimum carbon content of 95%. It combusts with hot, clean flame, containing low content of sulfur and volatiles. Due to these characteristics, anthracite is sometimes used in domestic applications or other specialized industrial uses that require smokeless fuels.
"Amongst Application, Power Generation to maintain its Steady Growth"
On the basis of application, the market is categorized into Power Generation, Steel Production, Fertilizer Production, and Others. During the forecast period, the power generation category to steady growth owing to the expansion of urban areas and the development of commercial trade hubs, thus increasing power demand. Moreover, government investing towards expanding its exiting electricity transmission and distribution system to cater the rising electricity demand due to rapid urbanization and industrialization. For instance, in India, under the Union Budget 2021-22, the government allocated US $42 billion (Rs. 305,984 crore) for a revamped, reform-based and result-linked new power distribution sector scheme over the next five years. Moreover, electrification in the country is increasing with support from schemes like Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY), Integrated Power Development Scheme (IPDS), among others.
"U.S. to Witness Strong Growth Due to its Largest Anthracite Coal Reserves"
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. This makes water safer for drinking, sanitation, and industry. Anthracite can typically be found in geographical areas that have undergone particularly stressful geologic activity. For example, the coal reserves on the Allegheny Plateau in Kentucky and West Virginia stretch to the base of the Appalachian Mountains. Here, the process of orogeny, or mountain formation, contributed to temperatures and pressures high enough to create anthracite.
Reasons to buy this report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts
The report presents a quick review of overall industry performance at one glance
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
The study comprehensively covers the market across different segments
Deep dive regional level analysis of the industry
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