PUBLISHER: The Business Research Company | PRODUCT CODE: 1435269
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435269
Anthracite mining employs various mining techniques to extract bituminous coal, anthracite, and lignite coal, contributing to the development of anthracite mine sites. The process involves enhancing the quality of anthracite through cleaning, washing, screening, and sizing.
The primary categories of anthracite mining include standard-grade anthracite, high-grade anthracite, and ultra-high-grade anthracite. Standard grade finds use as a domestic fuel and in the generation of industrial power. The mining methods encompass both underground mining and surface mining.
The anthracite market research report is one of a series of new reports from The Business Research Company that provides anthracite market statistics, including anthracite global industry, anthracite global market size, regional shares, competitors with a anthracite global market share, detailed anthracite market segments, market trends and opportunities, and any further data you may need to thrive in the anthracite industry. This anthracite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed in the historical period can be attributed to factors such as industrial demand, residential heating needs, considerations related to energy security, global economic trends, and the regional availability of resources.
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 anticipated growth in the forecast period can be attributed to factors such as the implementation of environmental regulations, increasing demand in emerging markets, challenges associated with the integration of renewable energy, evolving trends in residential heating, and ongoing infrastructure development. Significant trends expected in the forecast period encompass the substitution of coke in steelmaking, technological advancements in mining, market expansion in the Asia-Pacific region, strategic partnerships, investments, and the focus on carbon capture and utilization (CCU).
The anthracite mining market is experiencing growth due to the upsurge in domestic fuel and power generation projects in rapidly developing countries such as China and India, attributed to population growth and infrastructure expansion. As an example, according to Worldometer data in June 2022, China's current population is 1,450,341,718.
Anticipated growth in the anthracite market is also driven by the increasing demand for clean energy. Clean energy, characterized by minimal environmental impact, includes sources such as solar, tidal, and geothermal energy. Anthracite, recognized as a high-quality, clean-burning coal, is versatile in environmentally friendly power generation due to its low sulfur levels and significant carbon content. For instance, in March 2023, the Energy Information Administration reported a rise in the combined percentage of total power from wind and solar, increasing from 12% in 2021 to 14% in 2022, underscoring the demand for clean energy and its positive impact on the anthracite market.
RFID technology is being employed by anthracite mining companies to monitor and control methane levels in mines, mitigating the risk of explosions. Employees are equipped with active RFID badges communicating their location to installed RFID readers, providing real-time tracking. Additionally, companies utilize automated temporary roof support (ATRS) and mobile roof support (MRS) solutions to prevent rockfalls resulting from the bolting of rocks.
Major players in the anthracite market are concentrating on advanced mining operation solutions to meet increasing demand while ensuring sustainable extraction practices. An example is Coal India's Project Digicoal and Digital War Room launched in April 2023, aiming for a digital transformation in mining operations. This initiative incorporates innovative technologies such as drones for surveying, digitizing land records for streamlined land acquisition, and preventive asset maintenance under Industry 4.0 principles to enhance efficiency.
In October 2022, the State Assets Ministry of Poland acquired undisclosed stakes in Polska Grupa Gornicza S.A., separating coal assets from energy firms and aligning with social compact requirements on coal mining. The acquisition involves the purchase of shares from public utilities Energa SA, Polskie Gornictwo Naftowe i Gazownictwo S.A., PGE Polska Grupa Energetyczna SA, and Enea SA, each divesting their interests in Polska Grupa Gornicza S.A., a Poland-based anthracite mining operator.
Major companies operating in the anthracite market report are Glencore PLC, China Shenhua Energy Company Limited, BHP Billiton PLC, Anglo American PLC, Yanzhou Coal Mining Company Limited, Coal India Limited, Henan Energy and Chemical Industry Group Co. Ltd., Yancoal Australia Limited, DTEK Energy PLC, Ramaco Resources Inc., Peabody Energy Corporation, Whitehaven Coal Limited, Lehigh Natural Resources Inc., Coronado Global Resources Inc., Mechel PAO, CONSOL Energy Inc., Warrior Met Coal Inc., Siberian Anthracite Company, Arch Resources Inc., Attila Resources Inc., Bathurst Resources Limited, Siberian Coal Energy Company (SUEK), Jeddo Coal Company, Reading Anthracite Inc., Atlantic Coal PLC, XCoal Energy & Resources LLC, Carabella Resources Inc., Cokal Ltd., Blaschak Anthracite, Atrum Coal Limited
Asia-Pacific was the largest region in the anthracite mining market in 2023. The regions covered in the anthracite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the anthracite market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The anthracite mining market includes revenues earned by entities by providing mining services such as strip mining, and culm bank mining. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Anthracite Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on anthracite market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for anthracite ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The anthracite market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.