Calcined Anthracite Market REPORT OVERVIEW
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The global calcined anthracite market size was USD 505.8 million in 2021 and market is projected to touch USD 830.77 million by 2031, exhibiting a CAGR of 5.1% during the forecast period.
Anthracite coal is annealed at a very high temperature in a horizontal gas furnace to produce calcined anthracite. Remaining volatile organic chemicals are eliminated, and the material's electrical resistance property is alleviated. The production of carbon blocks and tamping paste in ladle and blast furnaces thus makes extensive use of it as a recarburizer. It is also becoming more and more common as a replacement for calcined oil coke in the production of ductile and grey irons.
The electrical anthracite is heated to high temperature as 2000°C, which results in the development of graphitic structure in the end product. Gas anthracite is the calcination of anthracite in a gas-fire based furnace. Electrical anthracite as well as gas anthracite have low volumes of ash, sulfur, and moisture. It is used in numerous applications including cathode blocks for the aluminum industry, production of carbon paste electrode, manufacture of prebake electrodes, soderberg and tamping pastes, also as a smelting additive.
COVID-19 Impact: COVID-19 Underlying Condition Crippled the Market Growth
The pandemic's disruption of industrial growth has disrupted the manufacturing of metals, especially steel. This has caused the market share for calcined anthracite to be in less demand. Due to the disruption in the supply chain and the personnel shortage, production operations were hampered in a number of end-use industries. It consequently had an impact on how the market developed in 2020. The current situation leads to the assumption that the market size will stabilize and accelerate market growth during the projection period.
LATEST TRENDS
"Multiplying Application Due to its Filtration Attribute to Enlarge the Market Size"
In the upcoming years, it is anticipated that the use of calcined anthracite coal powder will increase due to its excellent filtration efficacy, high level of purity, and erosive resistant nature in sugar refineries, petroleum refineries, paper mills, the water filtration, chemical industry, and cement factories.
Calcined Anthracite Market SEGMENTATION
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- By Type
Based on type the calcined anthracite market is classified as electrically anthracite gas anthracite and others. Gas anthracite is the leading part of the type segment.
- By Application
Based on application the calcined anthracite market is classified as Electric Arc Furnace, Pulverized Coal Injection (Blast furnace), Basic Oxygen Steel Making (BOS), Electrode, Smelting additive, and Others. Pulverized coal injection (blast furnace) held the largest share in the market.
DRIVING FACTORS
"Superior Product Properties Over the Conventional Coal Products to Drive the Market"
Calcined anthracite has a higher percentage of carbon volatile matter content, moisture, and lower ash content as compared to typical coal products. Because of this, it has evolved to be in high demand in the industrial sector for the manufacturing of metal alloys, which requires coal with quite minimal impurities and moisture levels. Additionally, it has the highest level of coalification of non-metamorphic, which contributes to its desirability. The potential market is thus anticipated to increase during the forecast period due to the presence of such properties.
"Rising Manufacture of Aluminum Will Boost the Market Growth"
Electrically calcined anthracite is widely utilised as a smelting ingredient in the aluminium industry due to its high level of purity and quality. The market's demand has increased as a result of product production and growing demand. But because raw materials are so easily available, the aluminium sector is expected to flourish in a number of different places along with it. As a result, it is anticipated that the market would rise over the forecast period due to the rising production and demand for aluminium.
RESTRAINING FACTORS
The main raw material utilized in the production of calcined anthracite is anthracite. Anthracite prices have been highly erratic during the last few years as a result of changes in mining production. In the upcoming years, it is anticipated that the price of the product will increase due to inadequate output rates and growing raw material costs. The pricing of anthracite coal is directly impacted by changes in output volume, which also has a direct impact on product prices.
Calcined Anthracite Market REGIONAL INSIGHTS
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"Asia Pacific to Lead the Market with Rising Demand and Production of Steel and Aluminium"
Owing to region, the Asia Pacific will lead the market during the forecasted period following the development of end-user industries in this region. China being the prime manufacturer of aluminum. The Asia Pacific region vows to be largest manufacturer of aluminum. India and Australia are a substantial aluminium producers in this region. The Asia Pacific countries are a major producer of steel, it produced more than half the global steel production in the year 2016, with the lions share contribution from countries Japan, China and India. This region is an extremely lucrative for end-use industries in the market.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players, and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.
List of Market Players Profiled
- Asbury Carbon (U.S.)
- Black Diamond (Clarus Corporation) (U.S.)
- Dev Technofab Ltd.(India)
- Elkem ASA (Orkla ASA) (Norway)
- Headwin Exim Private Limited(India)
- Henan Star Metallurgy Material Co. Ltd(China)
- Jh Carbon Pvt Ltd(China)
- Kingstone Group(U.S.)
- Resorbent s.r.o. (Czech Republic)
- Rheinfelden Carbon Products GmbH (Germany)
- Sojitz JECT Corporation (Japan)
- Voltcon International PTE Limited (Singapore)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 505.8 Million in 2021 |
Market Size Value By |
US$ 830.77 Million by 2031 |
Growth Rate |
CAGR of 5.1% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the calcined anthracite market expected to touch by 2031?
The global calcined anthracite market is expected to reach USD 830.77 million by 2031.
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What CAGR is the calcined anthracite market expected to exhibit by 2031?
The calcined anthracite market is expected to exhibit a CAGR of 5.1% by 2031.
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Which are the driving factors of the calcined anthracite market?
Supreme properties of the product than traditional coal products and rising manufacture of aluminum will drive the calcined anthracite market.
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Which are the top companies operating in the calcined anthracite market?
Asbury Carbon, Black Diamond (Clarus Corporation), Dev Technofab Ltd., Elkem ASA (Orkla ASA), Headwin Exim Private Limited, Henan Star Metallurgy Material Co.Ltd, Jh Carbon Pty Ltd, Kingstone Group, Resorbent s.r.o., Rheinfelden Carbon Products GmbH, Sojitz JECT Corporation, and Voltcon International PTE Limited.