USD 62.7 Billion
Report ID:
SQMIG10B2016 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|Tables:
64
|Figures:
65
Anthracite Coal Mining Market was valued at USD 62.7 Billion in 2023 and is poised to grow from USD 65.53 Billion in 2024 to USD 93.18 Billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
The demand for anthracite coal, which has the lowest impurities and highest calorific value, is rising globally, driving up the cost of mining anthracite coal. Anthracite is a more effective fuel since the residue produced after its combustion contains fewer pollutants and produces little smoke when compared to other types of coal. The anthracite coal mining industry around the world is continuously changing and developing due to new alliances, purchases, or entry of new players. The traditional producers and suppliers are redirecting supply to domestic users and concentrating on imports, which represents a fundamental shift in the Anthracite Coal Mining Market for mineral resources. In nations like China and India, anthracite is the preferred ULV (ultralow volatile) and PCI (pulverized coal injection) product that is put directly into the blast furnace.
The World Steel Association estimates that anthracite coal provides roughly 89% of the energy input for a blast furnace (BF)-basic oxygen furnace (BOF), followed by electricity (7%), natural gas (3%), and other gases and sources (1%). In the case of the Electric Age Furnace (EAF) approach, energy input from anthracite amounts to 11%, electricity to 50%, natural gas to 38%, and other sources to 1%. In 2019, the US produced 706,310 thousand short tons of coal, of which 2,611 thousand short tons was anthracite. Some of the major factors affecting coal are the cost, convenience, and availability of coal relative to competing fuels. Countries like China, the US, Russia, Australia, Vietnam, North Korea, and Ukraine have evenly distributed anthracite production. Some of the key players in this market include Bathurst Resources, Cokal, Attila resources, Carabella Resources, Tigers Realm, Jameson Resources, Aspire Mining, Carbon Sales Inc., Hudson Anthracite, and State Industries Inc.
US Anthracite Coal Mining Market is poised to grow at a sustainable CAGR for the next forcast year.
Market snapshot - 2025-2032
Global Market Size
USD 62.7 Billion
Largest Segment
High
Fastest Growth
High
Growth Rate
4.5% CAGR
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Global Anthracite Coal Mining Market is segmented by grade, mines and region. Based on grade, the market is segmented into standard grade, high grade and ultra-high grade. Based on mines, the market is segmented into shaft mine, drift mine, slope mine and surface mine. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The anthracite coal mining market is segmented into normal, high, and ultra-high grades based on grade. The ultra-high-grade segment is anticipated to expand with a sizable Anthracite Coal Mining Market share over the projected period because of the strong demand from the steelmaking industry. Anthracite of the ultra-high grade has greater specific gravity and is tougher than other anthracite grades. Compared to other types of charcoal, it has fewer volatile chemicals. Ultra-high-grade anthracite has a very low ash content when compared to other varieties, which makes it burn more efficiently.
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The global anthracite coal mining market is split into the major regions of Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. The Asia Pacific region is predicted to lead the global market for anthracite coal mining based on geographic segmentation. In this area, industrial development is advancing quickly, and the construction sector is seen to be increasing tremendously. Additionally, Asia Pacific has the largest population density and a broad base of population. With such a large population base, huge electricity generation is required. The Anthracite Coal Mining Market for anthracite coal mining is expected to develop as a result of the high electricity demand. China, South Korea, Australia, Vietnam, and Australia are a few of the top anthracite coal exporters. During the time of the evaluation, all of these variables are anticipated to benefit the global market for anthracite coal mining.
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Anthracite Coal Mining Market Top Players' Company Profiles
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected through Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the demand for anthracite coal, which has the lowest impurities and highest calorific value, is rising globally, driving up the cost of mining anthracite coal. Anthracite is a more effective fuel since the residue produced after its combustion contains fewer pollutants and produces little smoke when compared to other types of coal. The ultra-high-grade segment is anticipated to expand with a sizable Anthracite Coal Mining Market share over the projected period because of the strong demand from the steelmaking industry. The Asia Pacific region is predicted to lead the global Anthracite Coal Mining Market for mined anthracite coal-based on geographic segmentation. In this area, industrial development is advancing quickly, and the construction sector is seen to be increasing tremendously.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 62.7 Billion |
Market size value in 2032 | USD 93.18 Billion |
Growth Rate | 4.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Anthracite Coal Mining Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Anthracite Coal Mining Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Anthracite Coal Mining Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Anthracite Coal Mining Market for additional countries.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG10B2016
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