Global Anthracite Mining Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Anthracite Mining Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Anthracite is a hard, dense and high-gloss coal mine. Among all coal types, the degree of metamorphism is the highest, with high heat content, highest carbon content, and minimal impurities.

Market Overview:

The latest research study on the global Anthracite Mining market finds that the global Anthracite Mining market reached a value of USD 65338.0 million in 2022. It’s expected that the market will achieve USD 73869.0 million by 2028, exhibiting a CAGR of 2.07% during the forecast period.

Not environmentally friendly

In recent years, environmental pollution and destruction have attracted the attention of all countries in the world, and the world is paying attention to environmental protection. However, coal mining will lead to the destruction of land resources and the deterioration of the ecological environment, which will destroy groundwater resources, increase the water supply shortage in the water-scarce areas and lead to exhaust emissions, endangering the atmospheric environment.

Mining process safety issues

In the process of anthracite mining, if you do not pay attention, it is prone to land subsidence, gas explosion, engineering explosion, poisoning and suffocation.

equipment and labor costs

Due to the different burial depth of coal resources, the corresponding mining methods (deep burial) and open pit mining (slight burial) are generally adopted. The amount of open-pit mining resources is relatively small in the total resources, so large-scale mechanization operations cannot be realized, and equipment costs and labor costs are relatively high.

High degree of coalification

Anthracite has a high fixed carbon content, low volatile yield, high density, high hardness, and is not easy to produce unburned carbon particles during combustion, and has high thermal efficiency.

Widely applicable

Anthracite is usually used as civil and power fuel; high-quality anthracite can be used as gasification raw material, blast furnace injection and sintering iron ore fuel and casting fuel; high-quality anthracite can also be used to manufacture silicon carbide, carbon grain sand, artificial corundum, artificial graphite, electrode, carbide and carbon materials.

Increase in demand

Anthracite is widely used for heating residential and commercial buildings, as well as manual furnaces. As a result of economic growth and an increase in population and infrastructure, fuel and power generation projects are increasing in rapidly growing countries such as China and India, so the demand for anthracite will continue to increase.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Anthracite Mining market and is expected to become the largest region by 2028.

Company Overview:

Jincheng Anthracite Mining Group is one of the major players operating in the Anthracite Mining market, holding a share of 9.27% in 2023.

Jincheng Anthracite Mining Group

Founded in 1958, Jincheng Anthracite Mining Group is mainly engaged in gas, coal, coal chemical, electric power and emerging industries.

Yangquan Coal Industry

Yang Quan Coal Industry (Group) Co., Ltd. mines and processes coal products. The Company produces anthracite and power coal products. Yang Quan Coal Industry (Group) also conducts coal chemicals and electric aluminum businesses.

Segmentation Overview:

By type, Standard Grade Anthracite segment accounted for the largest share of market in 2022.

Standard Grade Anthracite

Standard grade anthracite has the lowest carbon purity among the three, and is usually used for power generation in specialized factories.

High Grade Anthracite

High grade (HG) anthracite has higher carbon content, and its main application is metallurgy.

Ultra-High Grade Anthracite

High grade (UHG) anthracite is the highest grade of anthracite, the purest form of coal, with the highest degree of coalification, the highest carbon and energy content and the least impurities

Application Overview:

By application, the Power Generation segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Anthracite Mining market covered in Chapter 3:

China Shenhua
Henan Shenhuo Coal & Power
VostokCoal Management
Zululand Anthracite Colliery
Lanhua
Vinacomin
Yangquan Coal Industry
Reading Anthracite Company
Lehigh Natural Resources
Blaschak
Sibanthracite Group
Atlantic Carbon Group
Jincheng Anthracite Mining Group
Jingmei Group
Celtic Energy

In Chapter 4 and Chapter 14.2, on the basis of types, the Anthracite Mining market from 2018 to 2029 is primarily split into:

Standard Grade Anthracite
High Grade Anthracite
Ultra-High Grade Anthracite

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Anthracite Mining market from 2018 to 2029 covers:

Metallurgical Industry
Water Treatment
Power Generation
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)