What is Global Mined Anthracite Coal Market?
The Global Mined Anthracite Coal Market is a vast and complex industry that plays a crucial role in the global economy. Anthracite coal, a high-quality hard coal, is mined from the earth and used in a variety of applications. This market is truly global in nature, with operations and transactions taking place across continents. The market's value was estimated at US$ 48430 million in 2023, and it is projected to grow to US$ 54020 million by 2030. This represents a compound annual growth rate (CAGR) of 1.1% during the forecast period from 2024 to 2030. The market is dominated by four major manufacturers who collectively hold over 35% of the market share. China is the largest player in this market, accounting for over 85% of the total market share.
Standard Grade, High Grade, Ultra-high Grade in the Global Mined Anthracite Coal Market:
The Global Mined Anthracite Coal Market is segmented into three grades: Standard Grade, High Grade, and Ultra-high Grade. Each grade has its unique properties and uses. Standard Grade Anthracite is the most common type and is used in a variety of applications, including heating and power generation. High Grade Anthracite, on the other hand, has a higher carbon content and is primarily used in steel production due to its ability to reach higher temperatures. Ultra-high Grade Anthracite is the highest quality of anthracite available and is used in specialized applications that require high heat and low impurities, such as in the production of silicon metal and other specialty metals.
Power Generation, Steel Production, Fertilizer Production, Others in the Global Mined Anthracite Coal Market:
Anthracite coal is used in a variety of sectors, including Power Generation, Steel Production, Fertilizer Production, and others. In Power Generation, anthracite coal is used as a fuel source due to its high energy content and low emissions. In Steel Production, anthracite coal is used as a reducing agent in the blast furnace process to produce steel. In Fertilizer Production, anthracite coal is used as a source of carbon in the production of ammonia, a key ingredient in many fertilizers. Other uses of anthracite coal include its use in the production of activated carbon, a key ingredient in water and air purification systems, and in the production of carbon electrodes for the aluminum industry.
Global Mined Anthracite Coal Market Outlook:
In terms of the market outlook, the Global Mined Anthracite Coal Market was valued at a significant US$ 48430 million in 2023. The market is expected to experience a steady growth, reaching an estimated value of US$ 54020 million by 2030. This growth trajectory represents a Compound Annual Growth Rate (CAGR) of 1.1% during the forecast period of 2024 to 2030. The market is dominated by four major manufacturers, who collectively hold a substantial share of over 35%. China stands as the largest market, commanding a dominant share of over 85%.
| Report Metric | Details |
| Report Name | Mined Anthracite Coal Market |
| Accounted market size in 2023 | US$ 48430 million |
| Forecasted market size in 2030 | US$ 54020 million |
| CAGR | 1.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Shanxi Jincheng Anthracite Coal Mining Group, Vinacomin, Glencore, Siberian Coal Energy, Feishang Anthracite Resources, Sadovaya Group, Blaschak Coal Corporation, Reading Anthracite Coal, Atrum Coal NL, Celtic Energy, Jindal Steel & Power, Zululand Anthracite Colliery |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
