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Global Calcined Anthracite Market by Technology (Gas Calcined Anthracite, Electrically Calcined Anthracite) | Global Players Asbury Carbon, Black Diamond, Dev Technofab Ltd., Elkem ASA, Henan Star Metallurgy Material Co. Ltd, JH Carbon Pty Ltd showing Million Dollar Opportunity
Newly-released Calcined Anthracite Market analysis report by Persistence Market Research reveals that global sales of Calcined Anthracite in 2022 were held at US$ 3.5 Billion. With a 4.1% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 5.3 Billion by the end of the forecast period. Gas Calcined Anthracite technology is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 3.6% from 2023 to 2033.
Global Calcined Anthracite Size (2023)
US$ 3.5 Billion
Global Calcined Anthracite Size (2033)
US$ 5.3 Billion
Global Calcined Anthracite CAGR (2023-2033)
U.S Calcined Anthracite CAGR (2023 – 2033)
Key Companies Covered
As per the Global Calcined Anthracite research by Persistence Market Research - a market research and competitive intelligence provider, historically, from 2018 to 2022, the value of Calcined Anthracite increased at around 2.1% CAGR. With an absolute dollar opportunity of US$ 1.7 Billion, the market is projected to reach a valuation of US$ 5.3 Billion by 2033.
Calcined anthracite is extensively used in the process of the formation of steel. It is one of the prominent elements in the furnaces. Steel is extensively used in infrastructural development. The demand for steel rises as the world economy grows, increasing the supply requirements. In 2021, around 2 Billion metric tonnes of crude steel were produced globally. With the growing innovation and increasing infrastructural development, the demand for steel is increasing which will consequently boost the calcined anthracite market.
Calcined Anthracite is also used as a filler in battery casings due to its high purity. Its acceptance is also being positively influenced by the rising sales of electric vehicles which are encouraging market expansion. Sales of electric vehicles increased by 51.8% in 2021 as compared to 2020. As a result, EVs made up roughly 5% of all passenger car sales globally in 2021. The demand for electric vehicles is expected to increase steadily in the coming years, which will have a positive effect on the calcined anthracite market.
Petcoke, a key substitute for calcined anthracite, particularly in the production of steel, is likely to be outlawed in developing nations like India. Due to serious issues with pollution in the area, the government already outlawed petcoke in the capital city and nearby regions in 2017. These elements are anticipated to positively affect the sector in the next years.
Asia Pacific had a market size of US$ 1.7 Billion in 2022 and the regional market is expected to reach US$ 1.8 Billion in 2023. It is projected that Asia Pacific will have a market worth US$ 2.7 Billion by 2033.
Due to the expansion in the demand for iron and steel, aluminum, pulp and paper, and power generation, Asia-Pacific currently accounts for a significant proportion of the global demand for calcined anthracite. China and India have abundant deposits of raw materials like coal, that are used in the formation of calcined anthracite. This is the prominent reason behind the dominance of Asia Pacific in the calcined anthracite market. The demand for calcined anthracite is expected to increase in the coming years due to the fast-growing iron and steel, and aluminum industries in China, India, and South Korea.
The China Iron and Steel Association (CISA) announced that in the first 10 months of 2020, the demand for crude steel increased by 5.5% year over year to 874 million tonnes. Consequently, the demand for calcined anthracite will also increase.
United States Calcined Anthracite Market Analysis:
The United States Calcined Anthracite Market is expected to grow to be worth US$ 899.6 Million with an absolute dollar growth of US$ 279.2 Million between 2023 and 2033. The market in the country has grown at a CAGR of 0.3% from 2018 to 2022 and is expected to grow at a CAGR of 3.8% from 2023 to 2033.
Calcined Anthracite is immensely used in the paper and pulp industry as it requires significant energy. The amount of energy used in paper mills varies depending on the technology and raw material used. The primary sources of energy utilized in the production of paper are calcined anthracite and electricity.
The United States produces the most paper pulp globally and, as of 2020 it became the second-largest consumer of paper and paperboard globally, using 64 million metric tonnes. The market for pulp and paper in the United States was almost 60 billion dollars in 2021, or roughly 20% of the total market size for the paper and pulp sector worldwide. Thus there is an increasing demand for paper in the United States. This implies that with an increase in the paper and pulp market, the calcined anthracite demand will also grow steadily.
United Kingdom Calcined Anthracite Market Analysis:
The market in the United Kingdom is expected to grow to be worth US$ 132 Million with an absolute dollar growth of US$ 29.3 Million from 2023 to 2033. The market in the country grew at a CAGR of 0.2% from 2018 to 2022 and is expected to grow at a CAGR of 2.5% from 2023 to 2033.
The United Kingdom is one of the largest markets for electric vehicles in Europe. Sales of hybrid electric vehicles increased by roughly 12%, while plug-in electric vehicle sales increased by about 140% in 2020. Over 10% of new cars registered in the U.K. in 2020 were hybrid or plug-in electric vehicles, and almost 40% of new car buyers in the country expressed interest in electrified vehicles.
In the United Kingdom, more than 63.7 Million electric vehicles are anticipated to be sold by 2027. The increasing demand for EVs will further boost the calcined anthracite market as it is one of the key components used in the casting of batteries for electric vehicles.
China Calcined Anthracite Market Analysis:
The market in China is expected to grow to be worth US$ 1.4 Billion with an absolute dollar growth of US$ 572.1 Million from 2023 to 2033. The market in China grew at a CAGR of 4.1% from 2018 to 2022 and is expected to register a CAGR of 5.5% from 2023 to 2033.
China is both the world's largest consumer of calcined anthracite and the largest producer of steel. It contributes to more than half of all global output. China produced over 996.3 million tonnes of steel in 2019, a notable increase of 8.3% from the previous year. The market is anticipated to be driven by China's expanding use of high-strength steel in vehicle and infrastructure projects. As, calcined anthracite is one of the prominent components in the manufacturing of steel, the demand for calcined anthracite is also expected to increase in the Chinese market.
Japan Calcined Anthracite Market Analysis:
The market in Japan is expected to be worth US$ 851.8 Million with an absolute dollar growth of US$ 293.2 Million. The market in Japan has grown at a CAGR of 2.3% from 2018 to 2022 and is expected to grow at a CAGR of 4.3% from 2023 to 2033.
Japan is one of the world's top manufacturers of steel, with domestic industries like construction and auto manufacturing consuming a sizable portion of the country's output. Also, after China and the U.S., Japan is the third-largest producer of paper and cardboard globally. To reduce plastic waste, many Japanese businesses have begun to use paper products. The annual production of paper and paperboard in 2020 was 23.93 million tons. As calcined anthracite is prominently used in the formation of paper and paperboard, with the increasing growth of the Japanese paper and pulp market the calcined anthracite market is also expected to grow.
Which technology of Calcined Anthracite is projected to Witness Significant Growth?
Gas Calcined Anthracite technology-based Calcined Anthracite is projected to witness significant growth as it has grown at a CAGR of 2% from 2018 to 2022 and is expected to grow at a CAGR of 3.6% from 2023 to 2033.
Gas-calcined anthracite is utilized in place of calcined petroleum coke and recarburizer. Petroleum coke has an adverse effect on the environment, thus companies are replacing petroleum coke with gas-calcined anthracite. Petroleum Coke ranked as the 224th most traded good in the world in 2020, with $15 billion in trade. If calcined anthracite successfully replaces petroleum coke, then this will have a significant effect on the market growth.
Which type of application of Calcined Anthracite is expected to be Most Lucrative?
Pulverized Coal Injection, an application of calcined anthracite is projected to witness the fastest growth as it has grown at a CAGR of 1.9% from 2018 to 2022 and is expected to grow at a CAGR of 3% from 2023 to 2033.
Pulverized coal is frequently utilized in blast furnaces today as a partial replacement for metallurgical coke. Today, pulverized coal injection is a proven process for producing hot metal in a blast furnace. The use of Pulverized coal injection reduces the consumption of expensive coking coal and also increases the productivity of blast furnaces. As the Pulverized coal injection technique has many operational as well as economic benefits it is becoming a popular method among manufacturers. Thus, the Pulverized coal injection application of calcined anthracite will see steady growth in the coming years.
Key players in the Calcined Anthracite Market are Asbury Carbon, Black Diamond, Dev Technofab Ltd., Elkem ASA, Henan Star Metallurgy Material Co. Ltd, JH Carbon Pty Ltd, Kingstone Group, Resorbent s.r.o., Rheinfelden Carbon Products GmbH, Sojitz JECT Corporation, and Voltcon International PTE Limited.
Some of the recent developments in the Calcined Anthracite Market are:
By End-Use Industry
The Global market size of the Calcined Anthracite Market is worth US$ 3.5 Billion in 2023.
The global market size of Calcined Anthracite is projected to witness a market size of US$ US$ 5.3 Billion in 2033.
The market grew at a CAGR of 2.1% from 2018 to 2022.
The market is projected to growth at a CAGR of 4.1% from 2023 to 2033.
Gas Calcined Anthracite technology in the Calcined Anthracite is projected to witness large demand than Electrically Calcined Anthracite. It is expected to grow at a CAGR of 3.6% from 2023 to 2033.
Pulverized Coal Injection, the application of calcined anthracite is projected to witness a large demand than Basic Oxygen Steelmaking, Electric Arc Furnaces by 2033 and is expected to grow at a CAGR of 3%.
The United States is projected to witness a market size of US$ 279.2 Million and is expected to grow at a 3.8% CAGR from 2023 to 2033.
Asbury Carbon, Black Diamond, Dev Technofab Ltd., Elkem ASA, 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.
The market in Asia Pacific is projected to witness significant growth in the market from 2023 to 2033 and its market size will be US$ 2.7 Billion.