The increasing demand from energy and cement industries is expected to have a tremendous impact on the anthracite fines market, states Fortune Business Insights, in a report, titled “Anthracite Fines Market Size, Share & Industry Analysis, and Regional Forecast, By Type (Low Calorific Value, High Calorific Value), By Application (Energy, Steel, Cement, Others) 2021-2028.” The growing demand for electricity is expected to enable speedy expansion of the market.
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Fortune Business Insights™ lists out a few of the renowned companies present in the anthracite fines market. They are as follows:
- Siberian Anthracite
- Henan Energy and Chemical Industry Group
- Jincheng Anthracite Mining Group
- Robindale Energy & Associated Companies
- Yangquan Coal Industry
- Reading Anthracite Coal
- China Shenhua
- Blaskchak Coal Corporation
- Jingmei Group
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Introduction of New Brand Identity by Siberian Anthracite to Consolidate Industry
Siberian Anthracite, the largest producer of metallurgical coal and world leader in producing and exporting high-quality UHG anthracite, announced the change of its visual and corporate identity. Elements of the new style resemble the schematic depiction of fixed carbon and a snowflake. It is the high content of fixed carbon that distinguishes anthracite from other types of coal. The blue color in the new logo resembles the clear Siberian sky, new horizons, and prospects. Anthracite color is the color of the most ancient and the hardest carbon fossils. It symbolizes the reliability and stability of the company. White color bears associations with tranquility, openness, and planned development. Thus, the company emphasizes its reliability, development opportunities, and the ability to promote its partners’ success.
Furthermore, increasing demand for anthracite fines from the power industry is expected to drive the market during forecast period. The surging power generation plants is expected to further the aid expansion of the market. The use of petcoke in the cement industry is expected to contribute positively to market growth. Petcoke is carbon-rich solid material used in coal-fired power plants, cement kilns, and other kilns. However, the availability of alternatives is expected to retard the growth of the market.
- Low Calorific Value
- High Calorific Value
- North America (U.S., and Canada)
- Europe (UK, Russia, Ukraine, and Rest of Europe)
- Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)
- Latin America (Mexico, Brazil, and Rest of Latin America)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)
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Key Questions Answered:
- What are the key demands and trends shaping the market?
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- Which company accounted for the highest market share?
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Flourishing Cement Industry to Augment Growth in North America
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for the largest share. The growth is attributed to a large number of anthracite mines present in China. China holds nearly 60% of the global anthracite production. North America is expected to be the second-largest market due to the large number of manufacturers and the easy availability of raw materials. The anthracite fines market in Europe is expected to exhibit a significant growth rate due to the increasing demand from the energy and cement industries. Latin America, and Middle East, and Africa are expected to show considerable growth in the forthcoming years owing to the thriving industries in the regions.
May 2020: Yangquan Coal industry set up a 5G network at Xinyuan mine-laying, an important milestone for intelligent mining technology.
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