Today's News Releases
| Submit Press Release
| Submit Website
(IndustryNews247.Com, April 22, 2021 ) Calcined Anthracite Market size is forecast to reach $3.6 billion by 2026, after growing at a CAGR of 7.5% during 2021-2026. Anthracite also known as hard coal, is rich in carbon content and accounts for the highest degree of non-metamorphic coalification. Globally, the rising demand for calcined anthracite in applications such as electric arc furnace pulverized coal injection, and smelting additive, owing to its superior thermal and electrical stability properties is estimated to drive the market growth. Increasing demand for calcined anthracite as filler in the production of electrode paste and ramming, cathode blocks, carbon electrodes and other carbon products, will also substantially drive the market growth. Moreover, with the rising iron and steel manufacturing industries it is estimated that the calcined anthracite industry will boost in the forecast era.
Impact of Covid-19
The COVID-19 pandemic and its disruption to industrial development has influenced the production of metals, in particular steel. This has led to the decrease in the demand for calcined anthracite. Due to the shortage of labour and supply chain disruption, production activities declined in various end-use industries. Thus, this effected the growth of the market in the year 2020. Moreover considering the new normal condition, it is presumed that the market for calcined anthracite will return to the normal conditions and drive the market growth in the forecast period.
Calcined Anthracite Market Segment Analysis - By Type
Gas calcined anthracite held the largest share in the calcined anthracite market. Gas calcined anthracite (GCA) properties presented are almost identical to those offered by electrically calcined anthracite (ECA), which makes it ideal for applications of steel or cast iron. Gas calcined anthracite has a high content of carbon and a high density. For high-quality carbon, it is one of the best sources. Gas calcined anthracite is considered to increase yield and decrease total costs due to its high carbon content. In several applications, gas calcined anthracite is mainly used as a supplement for calcined petroleum coke and recarburizer. Thus, with the growing demand for gas calcined anthracite the market for calcined anthracite is estimated to rise in the forecast period.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=503461
Report Price: $ 4500 (Single User License)
Calcined Anthracite Market Segment Analysis - By Form
Powder form held the largest share in the calcined anthracite market in 2020. Calcined anthracite powder is lightweight and is finely processed from high grade coal, due to which it is increasingly used in various applications. The production of electrode paste and ramming, cathode blocks, carbon electrodes is done with the use of calcined anthracite powder. Drinking water, waste water, swimming pool water, ground water, mineral water, and well water are deemed to be the appropriate filtering choices with the use of calcined anthracite powder. The increasing demand for calcined anthracite powder form for several applications is estimated to drive the market growth in the forecast period.
Calcined Anthracite Market Segment Analysis - By Application
Pulverized coal injection (blast furnace) held the largest share in the calcined anthracite market in 2020 and is forecast to rise at a CAGR of 6.5%. Pulverized Coal Injection (PCI) is a process that involves blowing large volumes of fine calcined anthracite granules into the blast furnace (BF). This offers a supplementary supply of carbon to speed up the production of metallic iron, thus reducing the need to manufacture coke. Since the oil crisis, heavy oil was superseded by pulverized coal. This made it possible to use cheap coal, such as calcined anthracite coal. Furthermore, the volume of coke used can be decreased if significant volumes of pulverized calcined anthracite coal are pumped. Therefore, in recent years, pulverized coal injection (PCI) systems are used in order to lower the production costs as well as extend the life cycle of coke ovens. Thus, the rising demand for calcined anthracite in the pulverized coal injection (blast furnace) application is expected to drive the market growth in the forecast period.
Calcined Anthracite Market Segment Analysis - By End-Use Industry
Iron and Steel sector held the largest share of more than 25% in the calcined anthracite market in 2020. Rising demand for calcined anthracite in the steel making process and in electric furnaces and pulverized coal injection applications has raised the growth of the market. In steel manufacturing, calcined anthracite application decreases the consumption of high-cost metallurgical coke, thus lowering the total cost of production. According to the Ministry of Steel, production of finished steel registered an increase of 3.7% in October 2020 over September 2020 and 1.0% over same month of the last year i.e., October 2019. Hence with the rising production of steel the market for calcined anthracite is estimated to see an upsurge over the forecast period.
Calcined Anthracite Market Segment Analysis - By Geography
The Asia Pacific region held the largest share of more than 38% in the calcined anthracite market in 2020. Globally, the demand for calcined anthracite is dominated by the Asia-Pacific region due to the rising iron and steel, aluminum, pulp and paper, power generation industries. Asia Pacific constitutes a major share of the global calcined anthracite market, due to easy availability of raw materials such as coal at competitive prices in the region. Rapid growth of the iron and steel and aluminum industry in China, India, and South Korea is projected to propel the demand for calcined anthracite in the near future. According to the China Iron and Steel Association (CISA), in November 2020 it announced that in the first 10 months, crude steel demand saw a year-on-year rise of 5.5 percent to hit 874 million tones. Thus, the demand for the calcined anthracite market is therefore anticipated to increase in the forecast period because of the mentioned factors.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=503461
Calcined Anthracite Market Drivers
Superior Properties of Calcium Anthracite than Traditional Coal Products will Drive the Market Growth.
Compared to conventional coal products, calcined anthracite provides a higher carbon percentage and low ash, moisture, and volatile matter content. As a result, calcined anthracite has gained a strong demand in the manufacture of steel and other metals, a process that involves coal with very low impurity and moisture content. Electrically calcined anthracite coal (ECA) has higher carbon content than traditional anthracite coal and comparatively higher thermal and electrical conductivity. As the coal that is most exposed to heat and pressure is very compressed and strong. Therefore, relative to the softer, geologically 'newer' coal, it possesses greater ability to generate heat energy. Also, calcined anthracite consists of the highest degree of non metamorphic coalification due to which it is widely preferred. Thus, owing to such properties the demand for calcined anthracite is estimated to rise in the forecast period.
Rising Production of Aluminum will Lead Towards the Growth of the Market
Due to its high purity and quality, electrically calcined anthracite is widely used as a smelting additive in the aluminum industry. Rising demand and the production of aluminum products has drived the demand for calcined anthracite. Moreover, with the growing aluminum industry due to the easy availability of raw materials the growth of the calcined anthracite market is also anticipated to rise in various regions. According to the U.S. Geological Survey, domestic primary aluminum production was 92,000 metric tons(t) in January 2020. Also, the average daily production was 2,980 t in January 2020, relatively unchanged from that in December 2019, but 40 percent more than in January 2018. As per the International Aluminium Institute, in December 2020, 5,693 thousand metric tonnes of aluminium was produced of which China was the major producer with 3,300 thousand metric tonnes. Thus, the rising production and demand for aluminum is expected to drive the calcined anthracite market growth during the forecast era.
Calcined Anthracite Market Challenges
Fluctuation in the Price of Raw Materials will Hamper the Market Growth
Anthracite is the major raw material that is used for the production of calcined anthracite. Over the past years, anthracite prices have seen significant fluctuations due to variations in mining production. Insufficient output rates and increasing costs of raw materials are expected to raise the prices of calcined anthracites in the near future. Differences in the output volume of anthracite coal have a serious effect on its pricing, which directly influences the prices of calcined anthracite. According to the U.S. Energy Information Administration, the average annual sale rates of anthracite coal at mines in 2019, in dollars per short ton was $102.22.
Calcined Anthracite Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the calcined anthracite market. Major players in the calcined anthracite market are Aluminium Rheinfelden GmbH, Asbury Carbons, Ningxia Wanboda Carbons & Graphite Co., Ltd., Elkem Carbon, Rheinfelden Carbon, Resorbent s.r.o., TIH Group, RESORBENT, and Kingstone Group. among others.
Asia-pacific region dominated the calcined anthracite market due to the rising demand and production of steel and aluminium in countries such as China, India, South Korea, and Australia.
Rising usage of calcined anthracite coal powder due to its good filtration efficiency, high purity level and abrasion resistant nature, in the chemical industry, water filtration, petroleum refineries, paper mills, sugar refineries and cement factories, is estimated to boost the market growth in the upcoming years.
The increasing usage of electrode paste for the production of carbon electrodes which is further used in electrolysis is anticipated to raise the demand for calcined anthracite market growth.
Volatility in the price of raw material such as anthracite is likely to restrict the calcined anthracite market growth.
Related Reports :
A. Calcined Petroleum Coke Market
B. Green Petroleum Coke & Calcined Petroleum Coke Market
For more Chemicals and Materials Market reports, Please click here
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to email@example.com to discuss more about our consulting services.
Industrial News TV