Calcined Anthracite Market Share

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 2037. 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.