About Anthracite
Anthracite is a type of hard coal with submetallic luster. It has high carbon content with fewer impurities. Anthracite mining can be done in two way such as deep mining and surface mining. Growth in mining industry supplementing the growth of anthracite market. Further, technological advancement in the anthracite mining techniques and rising demand from the developing economies expected to drive the demand for anthracite market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Anthracite market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Blaschak Coal Corporation (United States), Lehigh Anthracite (United States), Atlantic Coal Plc. (United Kingdom), Atrum Coal Ltd (Australia), Celtic Energy (United States), Vietnam National Coal-Mineral Industries Group (Vietnam), Sadovaya Group (Europe) and Vostok Coal (Russia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Siberian Anthracite (Russia) and Robindale Energy Services, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Anthracite market by Type (Lump Anthracite and Anthracite Fines), Application (Fuel, Steel Making, Sinter Plants, Indurating Furnaces, Furnace Coal Replacement and Others) and Region.
On the basis of geography, the market of Anthracite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Steel will boost the Anthracite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in the Anthracite Mining Techniques
Market Growth Drivers:
Growth in Metallurgy Industry and Rising Demand for the Coal
Challenges:
Availability of Substitute Products and Lack of Awareness in the Low and Middle Income Group Countries
Restraints:
High Cost Associated with Anthracite and Stringent Government Regulations Regarding Anthracite Mining
Opportunities:
Increasing Demand from the Power Generation Industry and Rising Demand from the Developing Economies
“According to the United States, Anthracite standards law provides that it is unlawful for any retail dealer, or wholesale dealer, or any person hauling anthracite direct from a railroad car to a consumer, by himself/herself, agent or employee, to mix together standard anthracite and substandard anthracite. Issuance of any statement attesting that anthracite wholly or partly substandard anthracite is standard anthracite is also deemed to be unlawful.”
Key Target Audience
Anthracite Manufacturers, Traders and Distributors of Anthracite, Production Process Industries, Potential Investors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.