Calcined Anthracite Market will surpass US$ 5.3 Billion revenues towards the end of 2033-end | According to Persistence Market Research
Rising Demand from the Steel Manufacturing Industry and Increasing Demand of Electric Vehicles to pave way for Calcined Anthracite Market: Opportunities Ahead
New York:, Jan. 30, 2023 (GLOBE NEWSWIRE) -- The *Calcined Anthracite Market* revenues were estimated at US$ 3.5 Billion in 2022 and are anticipated to grow at a CAGR of 4.1% from 2023 to 2033, according to a recently published Persistence Market Research report. *By the end of 2033, the market is expected to reach a valuation of US$ 5.3 Billion*. Gas Calcined Anthracite technology dominates the market with a projected CAGR of over 3% from 2023 to 2033. The United States currently holds a dominant position in the North American market due to the nation's extensive steel manufacturing. Compared to conventional coal products, calcined anthracite has more economic and environmental benefits. Due to these factors, calcined anthracite has gained strong demand in the manufacturing of steel and other metals.
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In order to remove metal oxides, calcined anthracite is added to electric arc furnaces together with additional charging materials like petcoke. Over the next few years, Calcined anthracite has an advantage over calcined petcoke due to its minimal environmental effect and lower product cost. Growth is anticipated to be fueled by an increase in demand for high-quality coal products used in the production of steel and other metals.
In 2021, around 53% of the crude steel used was produced by China. In that year, 1951 million metric tons of crude steel were produced worldwide. Iron and steel are used in the manufacture of vast quantities of infrastructure, buildings, and automobiles. China has developed a massive iron and steel production capacity as part of its modernization process, and it is currently the world's largest producer of steel, with annual crude steel production topping one billion metric tons for the past two years. As calcined anthracite is one of the prominent components in the manufacturing of steel, the demand for calcined anthracite is expected to increase in the Chinese market.
*Competitive Analysis:*
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*
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*Some of the recent developments in the Calcined Anthracite Market are: *
· *In April 2020*, Elkem ASA finalized the previously announced acquisition of Polysil, a significant producer of silicone elastomers and resin materials in China. A strong foundation for further specialization and global expansion in China and elsewhere will be provided by the complementary product and market positions of Polysil and Elkem.
· *In June 2019, Elkem* stated that it would invest USD$ 6.61 million in a battery graphite pilot facility at the Elkem Carbon industrial site in Fisk, Kristiansand. As a foundation for evaluating full industrial production, the pilot program seeks to wrap up the process route and qualify goods.
· *In August 2018*, *Asbury Carbons* expanded its vertical expansion into more downstream market growth by purchasing downstream U.S. producer Project Engineering Consultants (PEC). After the transaction, PEC will take on the role of the Asbury group.
*More Insights Available*
Persistence Market Research, in its new offering, presents an unbiased analysis of the Calcined Anthracite market, presenting historical market data (2018-2022) and forecast statistics for the period from 2023 to 2033.
*Global Calcined Anthracite Market Segmentation-*
The study reveals extensive growth in the Calcined Anthracite Market
*Calcined Anthracite Market by Technology* (Gas Calcined Anthracite, Electrically Calcined Anthracite)
*Calcined Anthracite Market by Application* (Pulverized Coal Injection, Basic Oxygen Steelmaking, Electric Arc Furnaces)
*Calcined Anthracite Market by End-use industry* (Iron and Steel, Aluminum, Pulp and Paper, Power Generation, Water Filtration, Others)
*Calcined Anthracite Market by Region - *North America, Latin America, Europe, Asia Pacific, Middle East and Africa
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