Anthracite Market Size, Share and Forecast to 2022


Posted December 24, 2019 by healthcaresector

Anthracite Market Global Information-by Application (Fuel, Steel Making, Sinter Plants, Indurating Furnaces, Furnace Coal Replacement, and Others)

 
Market Overview

Market Research Future (MRFR) announces the publication of its research report Global Anthracite Market, 2022.

Anthracite is a low volatile and high fixed carbon, which used in various industrial application such as fuel, steel making, sinter plants, indurating furnaces, furnace Anthracite replacement, and others. The main application of anthracite is as fuel, in steel industries, energy & power.

Anthracite is the high-level ranking coal because it is rigid, carbon concentrated, has less moisture content, and burns efficiently than other coals. Due to its excess carbon storage and low volatiles, anthracite is more reactive and efficient with respect to energy released than the lower–ranked coals and consequently has a lower environmental impact due to the lower greenhouse gas emissions.

Urbanization of the emerging economies is resulting in the largest migration of people in human history. The infrastructure required to support the resulting rapid growth is creating unprecedented demand for steel and the anthracite coal needed to produce it. Combined with declining coal reserves it is expected that there will be long-term global shortage of metallurgical coals. Approximately 500 million tons of new annual metallurgical coal production will be required by the end of the decade to service the growth in demand.

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Anthracite Market Segment Analysis

The global anthracite market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Anthracite market is largest market owing to robust industry growth of application industry in China, Japan and India.

At a time Vietnam and Ukraine were the biggest exporters of anthracite are quickly decreasing from the market with their combined exports. The rapid decrease in anthracite exports appears unable to be supplied from other major exporters in Russia and South Africa, resulting in a tight supply and demand dynamic, creating a strong price environment.

China is major dominating country owing to large scale production of end user industries such as metallurgy and power & energy. Russia led to the second position in terms of producing anthracite followed by Ukraine, Vietnam, Korea, South Africa, US, and others. While the major exporter of anthracite in decreasing order are Vietnam, Russia, China, North Korea, South Africa, US, Germany, UK, and others. On the other hand the major importers of anthracite in decreasing order are China, Japan, South Korea, France, Belgium, Bulgaria, Brazil, and others.

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Issued By Market Research Future
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Business Address Office No. 528, Amanora Chambers
Country India
Categories Energy , Industry , Research
Tags anthracite market analysis , anthracite market share , anthracite market size
Last Updated December 24, 2019