The Anthracite Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Anthracite Global Market Report 2024, The anthracite market size has grown marginally in recent years. It will grow from $120.7 billion in 2023 to $123.06 billion in 2024 at a compound annual growth rate (CAGR) of 2.0%. The growth in the historic period can be attributed to industrial demand, residential heating, energy security, global economic trends, regional availability.
The anthracite market size is expected to see steady growth in the next few years. It will grow to $133.28 billion in 2028 at a compound annual growth rate (CAGR) of 2.0%. The growth in the forecast period can be attributed to environmental regulations, emerging markets demand, renewable energy integration challenges, residential heating trends, infrastructure development. Major trends in the forecast period include replacement for coke in steelmaking, technological advancements in mining, market expansion in asia-pacific, strategic partnerships and investments, carbon capture and utilization (ccu).
The growth in the anthracite mining market is due to an increase in domestic fuel and power generation projects in rapidly developing countries such as China and India owing to the rise in population and infrastructure. For instance, according to Worldometer data, In June 2022, the current population of China is 1,450,341,718.
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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
Anthracite mining companies are using RFID technology to monitor and control the level of methane in mines which can cause explosions. Every employee is outfitted with an active RFID Badge that continuously communicates their location to the RFID readers installed across the site. This information is relayed to the database, allowing to track employees’ location and their status by their badge ID. These companies are also using automated temporary roof support (ATRS) and mobile roof support (MRS) solutions to prevent rockfalls caused by the bolting of rocks.
The anthracite market report table of contents includes:
- Executive Summary
- Anthracite Market Characteristics
- Anthracite Market Trends And Strategies
- Anthracite Market – Macro Economic Scenario
- Global Anthracite Market Size and Growth
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- Global Anthracite Market Competitive Benchmarking
- Global Anthracite Market Competitive Dashboard
- Key Mergers And Acquisitions In Anthracite Market
- Anthracite Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Glencore PLC
- China Shenhua Energy Company Limited
- BHP Billiton PLC
- Anglo American PLC,
- Yanzhou Coal Mining Company Limited
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