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The anthracite market size has experienced marginal growth in recent years, edging up from $120.7 billion in 2023 to $123.06 billion in 2024, manifesting a compound annual growth rate (CAGR) of 2.0%. Growth in the historical period is linked to industrial demand, residential heating requirements, considerations of energy security, global economic trends, and regional availability dynamics. Looking ahead to 2028, a steady growth trajectory is anticipated, with the market size reaching $133.28 billion at a CAGR of 2.0%. Foreseen growth in the forecast period can be attributed to factors such as environmental regulations, increasing demand in emerging markets, challenges associated with integrating renewable energy, trends in residential heating, and ongoing infrastructure development. Key trends in this phase involve anthracite acting as a replacement for coke in steelmaking, technological advancements in mining practices, market expansion in the Asia-Pacific region, strategic partnerships, investments, and a heightened focus on carbon capture and utilization (CCU).

The growth in the anthracite mining market is due to an increase in domestic fuel and power generation projects in rapidly developing countries such as China and India owing to the rise in population and infrastructure. For instance, according to Worldometer data, In June 2022, the current population of China is 1,450,341,718. The anthracite mining market is estimated to be $5.6 billion in 2023, with a projected growth to $6.8 billion in 2024. By 2028, the market is anticipated to reach $9.4 billion.

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What Are The Key Trends That Influence Anthracite Market Share Analysis?

Anthracite mining companies are using RFID technology to monitor and control the level of methane in mines which can cause explosions. Every employee is outfitted with an active RFID Badge that continuously communicates their location to the RFID readers installed across the site. This information is relayed to the database, allowing tracking of employees’ location and their status by their badge ID. These companies are also using automated temporary roof support (ATRS) and mobile roof support (MRS) solutions to prevent rockfalls caused by the bolting of rocks.

Which Market Players Are Driving Growth In The Anthracite Market?

Major companies operating in the anthracite market report are Glencore plc, China Shenhua Energy Company Limited, BHP Billiton Plc, Anglo American plc, Yanzhou Coal Mining Company Limited, Coal India Limited, Henan Energy and Chemical Industry Group Co. Ltd., Yancoal Australia Limited, DTEK Energy Plc, Ramaco Resources Inc., Peabody Energy Corporation, Whitehaven Coal Limited, Lehigh Natural Resources Inc., Coronado Global Resources Inc., Mechel PAO, CONSOL Energy Inc., Warrior Met Coal Inc., Siberian Anthracite Company, Arch Resources Inc., Attila Resources Inc., Bathurst Resources Limited, Siberian Coal Energy Company (SUEK), Jeddo Coal Company, Reading Anthracite Inc., Atlantic Coal PLC, XCoal Energy & Resources LLC, Carabella Resources Inc., Cokal Ltd., Blaschak Anthracite, Atrum Coal Limited

How Is The Global Anthracite Market Segmented?

The anthracite market covered in this report is segmented –

1) By Type: Standard Grade Anthracite, High Grade Anthracite and Ultra-High Grade Anthracite
2) By Mining Type: Underground Mining, Surface Mining

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The Anthracite Global Market Report 2024 provides an overview of the anthracitemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The anthracite market forecast analyzes anthracite market size, anthracite market share, leading competitor and their market positions.

The Table Of Content For The Anthracite Market Include

1. Anthracite Market Executive Summary
2. Anthracite Market Segments
3. Anthracite Market Size And Template Market Growth Rate
4.  Key Anthracite Market Trends
5. Major Anthracite Market Drivers
……
25. Key Mergers And Acquisitions In The Anthracite Market
26. Top Anthracite Companies
27. Anthracite Market Opportunities And Strategies
28. Anthracite Market, Conclusions And Recommendations
29. Appendix

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