Summary

The Hard Coal market is expected to grow at a strong CAGR of around 5% during the forecast period owing to the increasing demand from the various industries attributed to its higher specific energy. Hard coal is a high-quality, low-ash, and low-sulphur coal that is used as a fuel in industries. The demand for hard coal is growing globally due to its increasing use in the cement, steel, and metal industries. In the steel industry, hard coal is used as a fuel in the blast furnace to produce pig iron, which is then used to make steel. The high carbon content of hard coal makes it an ideal fuel for the steel industry, as it produces a high-quality and consistent quality of pig iron. In the cement industry, anthracite is used as a fuel to produce heat and energy. The high heat value of hard coal makes it an ideal fuel for the cement industry, as it can produce high temperatures required for the production process. In the metal industry, hard coal is used as a fuel in the smelting process of metals such as copper, lead, and zinc. The high heat and carbon content of hard coal make it an ideal fuel for this process, as it helps to produce high-quality metals with fewer impurities. In addition to these industries, hard coal is also used as a fuel in power generation, particularly in countries like Japan, Korea, and Taiwan, where it is used as a fuel for power plants.

Some of the major players operating in the market include Blaskchak Coal Corporation, Lehigh Natural Resources, Jeddo, BHP Billiton, Reading Anthracite Company, Henan Energy and Chemical Industry Group, Feishang Group, Robindale Energy & Associated Companies, Atlantic Coal Plc, VostokCoal. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst grades, the ultra-high segment held a dominating share of the market in 2021.”
Based on grades, the market is segmented into ultra-high grade, high grade and standard grade. The ultra-high grade segment holds a significant market share during the forecast period owing to its higher specific energy along with the lower ash content. Also, the increasing demand from the steel industry is expected to support market growth in the coming time. In addition, ultra-high grade (UHG) anthracite represents the highest quality of anthracite coal, with very high carbon content and very low impurities. This makes it a preferred fuel source for certain industrial processes, particularly in the metallurgy sector.

“Amongst mine, the shaft mine register significant CAGR during the forecast period”
Based on the mine, the market is segmented into surface mine, slope mine, shaft mine, and drift mine. The shaft mine segment is expected to register a significant CAGR during the forecast period. Hard coal that is extracted from underground shaft mines is of a higher quality and purity than coal that is obtained through other methods such as strip mining. The quality of anthracite coal is crucial for certain industries, particularly in the metallurgy sector, where it is used as a fuel source for smelting and other high-temperature processes. Additionally, underground shaft mining is generally considered to be safer than other types of mining since exposure to the surface elements and hazards such as landslides, cave-ins, and toxic gases is minimized.

“Asia-Pacific dominated the hard coal market in 2021.”
The Asia Pacific hard coal market plays a significant role in the global energy landscape. Hard coal is a sought-after fuel source for certain industrial processes and residential heating applications due to its superior burning properties. In particular, the steel and cement industries are major consumers of hard coal in the region, driving demand for high-quality coal such as the ultra-high grade (UHG) variety. For instance, according to IEA, China is the leading producer of hard coal in the year 2021 with a production of 3,771 million metric tons of hard coal which is followed by India with 778 metric tons and Indonesia with 554 million metric tons. However, challenges facing the hard coal market, such as environmental concerns related to carbon emissions and regulatory restrictions on coal usage will impact the market growth in the region.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global HARD COAL market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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