the global anthracite market the size is expected to register a CAGR of 6.4% during the forecast period, 2021-2027. Huge demand for anthracite from various industries as a fuel source is the major driver for the growth of the market across the globe in the coming years. Anthracite is a superior fuel source and has various advantages over conventional substituents such as oil, wood, gas, etc. Rising demand for anthracite as a fuel source is expected to drive the growth of the anthracite market over the forecast period.
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Growing adoption of Anthracite:
- Rapid industrialization of emerging economies is expected to explain increasing growth of anthracite market over the forecast period
- The high cost of anthracite compared to other substituents available in the market is likely to hamper the growth of the anthracite market in the long run.
- Rising demand from the metallurgical industry where anthracite is used as a reluctant is expected to drive the growth of the anthracite market.
Impact of COVID-19 on the Anthracite market:
The COVID-19 crisis has significantly affected the anthracite market scenario, driving down overall demand and calls for prompt responses from all stakeholders in the anthracite landscape – including manufacturers, sellers, distributors and consumers. The economic downturn has caused a drastic drop in the performance of end-use industries, which is expected to negatively impact the anthracite market in the early years of the forecast period.
The report outlines the Anthracite market study based on application, end-use industry, and region.
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Based on Application, the anthracite market has been segmented into –
- steel fabrication
- Sinter plants
- Hardening ovens
On the basis of end-use industry, the anthracite market has been segmented into –
- Chemical products
- Energy and power
- Silicon & Glass
Anthracite market: regional outlook
The anthracite market has been segmented into Asia Pacific, Europe, North America, South America, Middle East and Africa. In 2020, Asia-Pacific dominated the global anthracite market owing to strong demand from various end-use industries. Asia-Pacific is followed by North America and Europe. Some European countries generate significantly high demand for anthracite as they use it to replace high-priced natural gas as an alternative fuel.
Leading competitors in the global anthracite market include –
- Company Blaschak Anthracite
- Lehigh Charcoal
- Atlantic Anthracite Plc
- Atrum Anthracite AG
- Celtic energy
- Vietnamese National
- Anthracite-Mineral Industries Group
- Siberian anthracite
- Sadovaya Group
- Vostok Charcoal
- Robindale Energy Services, Inc.
The major players in the anthracite market are focusing on growth strategies such as expansion, acquisitions, joint ventures, new product lines and advanced technological adaptation globally to enhance their market share. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country.
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Anthracite Market report covers comprehensive analysis on:
- Market Segmentation and Regional Analysis
- 10 year market size
- Price analysis
- Supply and demand analysis
- Product life cycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Opportunities, risks and market trends
- Conclusion and recommendation
- Regulatory landscape
- Patent Analysis
- Competition Landscape
- More than 15 company profiles
Regional Analysis of Anthracite Market Includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA
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Anthracite market: target audience
- Anthracite Miners, Manufacturers, Distributors and Sellers
- Chemical and energy companies
- Research laboratories – Universities and private institutions
- Trade publications and magazines
- Government authorities, associations and organizations