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    Home > Chemicals Industry > International Chemical > The global anthracite market is expected to grow to $78.4 billion by 2027

    The global anthracite market is expected to grow to $78.4 billion by 2027

    • Last Update: 2023-01-02
    • Source: Internet
    • Author: User
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    According to the latest report released by Research and Markets, an international market research institute, the global anthracite market size was $59.
    58 billion in 2019 and is expected to reach $78.
    46 billion by 2027, with a compound annual growth rate of 3.
    5%.

    Some of the key factors driving the growth of the market are the increasing adoption of IoT technology in anthracite mining and increasing demand for anthracite in construction, infrastructure, and manufacturing
    .
    However, stringent policies and regulations are the factors restraining the growth of
    the market.

    Anthracite is the newest and cleanest form of coal with the lowest
    volatiles and ash content.
    Anthracite coal accounts for about 1% of total coal reserves, so the product is very rare and more exclusive than other types of
    coal.
    Of all types of coal, anthracite has the highest energy and carbon content and contains the least amount of harmful impurities
    .

    By Grade, the ultra-high grade segment is expected to grow at a significant market share during
    the forecast period, due to the huge demand in the steel manufacturing industry.
    Ultra-grade anthracite is harder than other grades of anthracite and has a higher relative density
    .

    Based on geography, the Asia-Pacific region is expected to hold a considerable market share during the forecast period due to the rapid development of the industrial sector, with the booming construction industry in the region's most important economies being the main reason for
    its growth.
    The Asia-Pacific region has a large population base and they need a lot of electricity to generate electricity, which further strengthens the growth
    of the mining anthracite market in the region.

    According to the latest report released by Research and Markets, an international market research institute, the global anthracite market size was $59.
    58 billion in 2019 and is expected to reach $78.
    46 billion by 2027, with a compound annual growth rate of 3.
    5%.

    anthracite

    Some of the key factors driving the growth of the market are the increasing adoption of IoT technology in anthracite mining and increasing demand for anthracite in construction, infrastructure, and manufacturing
    .
    However, stringent policies and regulations are the factors restraining the growth of
    the market.

    Anthracite is the newest and cleanest form of coal with the lowest
    volatiles and ash content.
    Anthracite coal accounts for about 1% of total coal reserves, so the product is very rare and more exclusive than other types of
    coal.
    Of all types of coal, anthracite has the highest energy and carbon content and contains the least amount of harmful impurities
    .

    By Grade, the ultra-high grade segment is expected to grow at a significant market share during
    the forecast period, due to the huge demand in the steel manufacturing industry.
    Ultra-grade anthracite is harder than other grades of anthracite and has a higher relative density
    .

    Based on geography, the Asia-Pacific region is expected to hold a considerable market share during the forecast period due to the rapid development of the industrial sector, with the booming construction industry in the region's most important economies being the main reason for
    its growth.
    The Asia-Pacific region has a large population base and they need a lot of electricity to generate electricity, which further strengthens the growth
    of the mining anthracite market in the region.

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