Calcined Anthracite Market Size

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.