Calcined Anthracite Market size is poised to reach USD 45 Billion by the end of 2036, growing at a CAGR of 11% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the calcined anthracite was USD 13 Billion. The market is rising as a result of the ever-growing need for high-quality steel production and the increasing investments in their manufacturing processes. According to a report, the International Finance Corp. agreed with Elkem Carbon China to invest about 14 million USD in a carbon-based products business to make electrically calcinated anthracite for the ferroalloy and aluminum industries.
Furthermore, this sector is expected to witness a substantial growth rate led by serving as an important carbon additive in the steel production process, while improving the quality of such products by effectively reducing the impurities and improving carbon content.
In addition to this, this sector has also experienced lucrative gains driven by the influence, credited to the high demand for global construction, especially in emerging economies. Moreover, due to the increasing infrastructure projects, there is also a tremendous demand for high-strength and high-quality steel.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
11% |
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Base Year Market Size (2023) |
USD 13 Billion |
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Forecast Year Market Size (2036) |
USD 45 Billion |
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Regional Scope |
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Type (Electrical, Gas)
The electrical segment in the calcined anthracite market is estimated to gain a share of about 60% by 2036. The segment boost can be attributed to the increasing demand for cathode blocks in aluminum electrolysis cells, where electrically calcined anthracite acts as a vital component. According to a report, the demand for environmentally friendly materials is increasing globally due to their high usage in several fields such as automotive, packaging, construction, machinery, and transportation industries.
Furthermore, such cathode blocks are crucial for the electrolytic reduction of alumina into aluminum, and this expansion of aluminum production facilities is increasing the need for high-quality cathode materials. According to the reports fetched from 2019, India produced about 3.7 million metric tons of primary aluminum. The demand for cathode blocks in aluminum smelting, a key application of electrically calcined anthracite, is expected to align with the growth in aluminum production.
In addition to this, the electrical segment in the market is estimated to flourish as a result of the increasing demand for graphite electrodes in EAF, which is projected to propel growth in the aluminum smelting industry, advancements in lithium-ion battery manufacturing, investments in R&D, and the rising demand for cathode blocks in aluminum electrolysis cells.
End User (Steel Industry, Aluminum Industry, Automotive)
The automotive segment is set to garner a notable share of calcined anthracite market by 2036, due to increasing investments in automotive research and development, which contributes to the high adoption of advanced materials that enhance vehicle performance..
Calcined anthracite also acts as a key component in high-strength steel production. Due to several benefits from R&D initiatives, this ensures continuous improvements in material properties. According to a report, it is expected to spend about 48.4 billion USD in the U.S. on automotive research and development, which is around 39% of global automotive R&D spending.
As several industries continue to invest in innovation and new technologies, the demand for materials like calcined anthracite continues to contribute to the development of high-performance vehicles and is also set to grow. The automotive segment in the calcined anthracite market expansion is further increasing due to light-weighting initiatives, increased demand for high-strength steel, the expansion of electric vehicle production, stricter emission standards, and growing investments in automotive research and development.
Our in-depth analysis of the market includes the following segments:
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End User |
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APAC Market Statistics
The calcined anthracite market in the Asia Pacific region is anticipated to hold a share of about 47% by the end of 2036. The market size expansion growth in the region is expected on account of the increased investments in research and development across various industries, including metallurgy and materials science. According to a report, the expenditure on R&D in India has more than doubled to USD 1.27 in 2021 from USD 600 Million in 2011.
Furthermore, this investment contributes to the development of advanced steelmaking technologies and the enhancement of calcined anthracite properties, supporting its diversified applications. Moreover, due to rapid industrialization, infrastructure development, the expansion of the steel and automotive industries, and the shift towards EAF steel production.
North America Market Analysis
The North American region will also encounter huge growth for the calcined anthracite market value in the coming years and will hold the second position owing to an increased demand for high-quality steel in construction projects. As infrastructure development and construction activities intensify, the need for premium steel grades, where calcined anthracite serves as a vital carbon additive, is on the rise. According to a report, about 80.2 million net tons of raw steel were used by the U.S. in 2020.
Additionally, the North American region is increasingly focusing on renewable energy projects, including wind and solar energy infrastructure. Calcined anthracite, coupled with its applications in steel production for wind turbine components, is poised to benefit from the growing renewable energy sector.
Author Credits: Smruti Ranjan, Rajrani Baghel
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