How Has the Anthracite Market Size Evolved in Recent Years?
The anthracite market has seen considerable growth due to a variety of factors.
• The size of the anthracite market has seen a slight increase in the past few years. There will be a growth from $124.23 billion in 2024 to an estimated $126.61 billion in 2025, resulting in a compound annual growth rate (CAGR) of 1.9%.
This growth in the historic period is due to factors like industrial demand, the need for residential heating, concerns regarding energy security, global economic trends, and regional availability.
What is the Forecasted Growth of the Anthracite Market Size?
The anthracite market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the anthracite market is projected to experience slight expansion, reaching a worth of $136.82 billion in 2029 with a compound annual growth rate (CAGR) of 2.0%.
The anticipated growth during this forecast period can be attributed to factors like environmental regulations, the demand in emerging markets, challenges with the integration of renewable energy, shifts in residential heating trends, and infrastructure development. Principal trends that will mark the forecast period comprise the replacement of coke in the steelmaking process, advances in mining technology, market diversification in the Asia-Pacific region, strategic alliances and investments, along with carbon capture and utilization (CCU).
What Are The Essential Drivers Behind The Growth Of The Anthracite Market?
The anthracite market is predicted to grow due to an expected rise in domestic fuel and power generation. Domestic fuel and power generation relate to the energy production and use devoted primarily to everyday requirements within households or local communities. Increasing energy costs, environmental worries, technological developments, government benefits, and the pursuit for energy self-sufficiency are factors contributing to the rise of domestic fuel and power generation. Anthracite, a high-quality coal, is commonly burned in coal-fired power plants for power generation purposes. It possesses a high carbon content and minimal impurities which result in high heat production, thus generating steam to run turbines which then produce electricity. As an example, the France-based International Energy Agency reported that in July 2024, total net electricity generation reached 996.1 TWh, marking an increase of 2.6% compared to July 2023. Therefore, the anthracite market is growing due to the increase in domestic fuel and power generation.
What Is The Segmentation Of The Global Anthracite Market?
The anthracite market covered in this report is segmented –
1) By Type: Standard Grade Anthracite, High Grade Anthracite And Ultra-High Grade Anthracite
2) By Mining Type: Underground Mining, Surface Mining
Subsegments:
1) By Standard Grade Anthracite: Commercial Grade Anthracite, Industrial Grade Anthracite
2) By High Grade Anthracite: Metallurgical Grade Anthracite, Specialty Grade Anthracite, Ultra-High-Grade Anthracite
3) By Carbon Content Above 90%: Applications in Specialized Industries
Pre-Book The Anthracite Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Shaping The Anthracite Market Landscape?
Leading entities within the anthracite market are seeking to solidify their place in the industry by developing innovative, primarily steel production-related solutions. The production of steel involves the creation of an alloy mostly made up of iron and carbon, with additional elements such as manganese, chromium, and nickel. For example, in October 2022, UK's Liberty Steel launched a sustainable raw material named Ecoke. This material, designed with the ability to decrease CO2 emissions by up to 30% during steel production, consists of a minimum of 30% renewable biomass. It serves as a substitute for anthracite, the traditional charge carbon used in electric arc furnaces. Preliminary tests have indicated that the integration of Ecoke into current production processes can be achieved without any negative effect on efficiency. This project forms part of a wider scheme by LIBERTY, known as GREENSTEEL, that is aimed at accomplishing carbon neutrality by 2030. This effort has placed the company in a leading position within the realm of sustainable steel manufacturing, while potentially also facilitating cost savings due to decreased carbon credit obligations.
Who Are the Key Players in the Anthracite Market?
Major companies operating in the anthracite market include:
• Blaschak Coal Corporation
• Atlantic Coal plc
• Lehigh Anthracite
• Reading Anthracite Company
• Xcoal Energy & Resources
• Jeddo Coal Company
• Carbon Sales Inc.
• Summit Anthracite
• Atrum Coal
• Siberian Anthracite
• Celtic Energy Ltd
• China Coal Energy Company
• Robindale Energy & Associated Companies
• VostokCoal
• Kimmel's Coal & Packaging Inc.
• Jincheng Anthracite Mining Group
• Sibanthracite Group
• Ural Mining Company
• Yangquan Coal Industry Group
• Keystone Anthracite Co.
• Glencore plc
• Sadovaya Group
• United Coal Company
• Coal India Limited
• Zibulo Colliery
What are the Regional Insights into the Anthracite Market?
Asia-Pacific was the largest region in the anthracite market in 2024. The regions covered in the anthracite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
