In December 2023, rumors surfaced that Rain Industries was in talks to acquire Aditya Birla Chemicals, a leading Indian manufacturer of specialty chemicals. This potential acquisition could significantly expand Rain's chemicals business and strengthen its position in the market. However, no official confirmation has been made by either company.
Earlier in 2023, there were reports of Rain Industries engaging in merger discussions with Century Cement, another prominent Indian cement producer. This potential merger could create a cement powerhouse in South India, with combined production capacity exceeding 10 million tons per year. However, similar to the Aditya Birla case, an official announcement is yet to come.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5550
Published Date: Jan 19, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for automotive sector is the major factor driving the market growth.
The market size of calcined anthracite is anticipated to attain a CAGR of 11% over the forecast period, i.e., 2024-2036.
The major players in the market Carborundum Universal Limited, Rain Industries Limited, Rheinbraun Brennstoff GmbH (RWE), RESORBENT, s.r.o., Shanxi Jincheng Anthracite Coal Mining Group, Asbury Carbons Inc., and others.
The automotive segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.