Market Trends of Calcined Anthracite Industry
This section covers the major market trends shaping the Calcined Anthracite Market according to our research experts:
Growing Demand from Steel Manufacturing Industries
- Calcined anthracite mineral is widely used in furnaces used for steel making and is expected to be the fastest-growing market during the forecast period.
- Anthracite often referred to as black coal or hard coal contains carbon content of more than 92% and has very fewer impurities as well as the highest energy density among all types of coal.
- Anthracite is calcined at a temperature over 1200°C in an electrical or gas furnace which reduces volatile, moisture, and sulfur content to less than 2%. Calcined anthracite has excellent grain stability and good physical properties as that of graphite.
- Calcined anthracite is used in the making of electrodes, electrode paste, ramming paste, and carburizing, etc., It is also used for hearth construction in foundry furnace as well as in steel making furnaces such as basic oxygen, blast, and electrical arc furnaces.
- The growing demand for steel from various building and infrastructure activities in emerging economies is expected to drive the market for the calcined anthracite during the forecast period.
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Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for calcined anthracite market during the forecast period due to an increase in demand from countries like China and India.
- In 2018, India banned the import of pet coke (petroleum coke) as fuel to limit the rising pollution levels. This move is expected to drive the market for calcined anthracite during the forecast period as an efficient and effective replacement for pet coke.
- As per the Indian Steel Association (ISA), India is the second-largest producer of steel in the world. India produced about 131.5 million tons of finished steel and 106.5 million tons of crude steel in the financial year 2019. The government's National Steel Policy 2017, which lays a road map for the significant developments in the steel industry by 2030-31. It aims to increase per capita steel consumption to 160 kgs and overall crude steel capacity to 300 million tons by 2030-31. The growing infrastructure and automotive industry are expected to drive the market in India during the forecast period.
- China is the largest consumer of calcined anthracite in the world, as well as it is the largest producer of steel in the world accounting for more than 50% of the total global production. In 2019, China produced about 996.3 million tons of steel a significant growth of 8.3% from the year 2018. The growing applications of advanced high strength steel in automobile and in infrastructure projects in China is expected to drive the market during the forecast period.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for calcined anthracite market in the Asia-Pacific during the forecast period.
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