Mined Anthracite Coal Market To receive overwhelming hike in Revenues by 2031

𝐌𝐢𝐧𝐞𝐝 𝐀𝐧𝐭𝐡𝐫𝐚𝐜𝐢𝐭𝐞 𝐂𝐨𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏
The global mined anthracite coal market was valued at US$ 61.5 Bn in 2021
The global market is estimated to grow at a CAGR of 1.97% from 2022 to 2031
The global mined anthracite coal market is expected to reach US$ 74.3 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/mined-anthracite-coal-market.html

𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐢𝐧𝐞𝐝 𝐀𝐧𝐭𝐡𝐫𝐚𝐜𝐢𝐭𝐞 𝐂𝐨𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
Anthracite coal is a dense hard rock of jet black color. It is also referred to as hard coal. It is generally a non-clinkering, non-agglomerating, and free-burning coal that does not coke or expand when ignited and fused together. Anthracite coal also has low percentage of ash and high ash fusion temperature. Anthracite is considered the cleanest burning coal. Anthracite coal generates less smoke and more heat than other coals. It is extensively employed in hand-fired furnaces. Some residential home heating stove systems still use anthracite, which burns longer than wood.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72829

𝐇𝐢𝐠𝐡 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐨𝐚𝐥 𝐢𝐧 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐌𝐢𝐧𝐞𝐝 𝐀𝐧𝐭𝐡𝐫𝐚𝐜𝐢𝐭𝐞 𝐂𝐨𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭
Governments and regulatory authorities across the globe are striving to promote renewable energy and increase its share in the energy mix. However, coal continues to account for major share of global power generation sources. Demand for coal has increased in the power generation sector in the last few years, especially in Asia Pacific.
The renewable energy sector is growing at a significant pace across the globe. However, it is unable to meet the rising demand for power. This has resulted in a supply-demand gap (gap between demand for power and its generation), which countries, especially in developing regions, are striving to cover up with coal-based generation. This is expected to drive the usage of coal in power generation in the near future. Coal accounted for approximately 38% of the total electricity generated in 2018. This percentage has remained almost unchanged in the last 20 years, although renewable energy is gaining momentum. Developed economies in North America and Europe have announced plans to phase out coal-based power generation in the near future; however, coal-based generation has increased in countries in other regions. Thus, rise in demand for power is expected to drive the demand for coal in the power industry. This is likely to augment the scope for mined anthracite coal market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=72829

𝐂𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐭 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐒𝐭𝐞𝐞𝐥 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐢𝐧𝐞𝐝 𝐀𝐧𝐭𝐡𝐫𝐚𝐜𝐢𝐭𝐞 𝐂𝐨𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭
Global steel production stood at approximately 1,800 million tons in 2018; of this, India, China, Brazil, Mexico, and Iran accounted for prominent share. Consumption of steel has been rising at a rapid pace, especially in infrastructure projects such as highways, commercial and residential buildings, airports, and railways. The manufacturing sector also acts as a major demand center for the steel industry. Rapid industrialization and urbanization, especially in developing economies such as India, China, and Brazil, is likely to boost the demand for iron and steel across the globe.
High and ultra-high grade anthracite coal are primarily used in steel manufacturing due to their high carbon and low ash content. Demand for these grades of coal has increased consistently in the steel manufacturing sector over the last few years. Rise in demand for steel is expected to encourage steel manufacturers to increase their production. This, in turn, is anticipated to open new growth frontiers for mined anthracite coal market.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=72829

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐢𝐧𝐞𝐝 𝐀𝐧𝐭𝐡𝐫𝐚𝐜𝐢𝐭𝐞 𝐂𝐨𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭
The global mined anthracite coal market comprises several small and large-scale service providers that control majority of the share. Most of these firms are adopting new technologies and strategies with comprehensive research and development activities. Expansion of product portfolios and mergers and acquisitions are prominent strategies adopted by key players. Thus, sales forecast for mined anthracite coal market players appears promising. Glencore, Siberian Coal Energy Company, Feishang Anthracite Resources Limited, Jindal Steel & Power Ltd., Coal India Ltd., Reading Anthracite Coal, Blaschak Coal Corporation, Atrum Coal Limited, Shanxi Jincheng Anthracit Coal Mining Group Co., Ltd., Celtic Energy Ltd., Sadovaya Group, Zululand Anthracite Colliery (Pty) Ltd., and Carbones Holding GmbH are the prominent entities operating in the market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
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