Increasing Demand from the Steel and Metal Industry Due to Lower Ash Content and Higher Specific Energy Propelled the Growth of the Hard-Coal Market in the APAC Region!

Hard coal is a high-quality fuel source with several advantages over other types of fuels. It produces virtually no smoke or particulate emissions, making it a cleaner alternative to wood-burning stoves or other fossil fuels. Hard coal also burns longer and produces higher temperatures than other fuel sources, making it more efficient. Another advantage of hard coal is its convenience for storage, as it doesn’t require large amounts of space and doesn’t spoil or rot like wood. Additionally, hard coal has a low sulfur content, making it a safer and cleaner burning option compared to other fossil fuels. Finally, hard coal carbon media has ideal properties for purifying and clarifying water, making it a useful material in drinking water treatment applications. Due to its superior properties and advantages, hard coal is a sought-after fuel source for certain industries and residential heating applications.

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Further, the Hard-Coal Market is expected to grow at a strong CAGR of 5.0% during the forecast period (2022-2028). APAC is anticipated to emerge as the fastest-growing hard-coal market primarily due to the increasing demand from the steel and metal industries. Hard coal is a high-quality, high-carbon coal that is used as a fuel in the steel and metal industries, where it is used to produce coke, a key raw material in the production of steel. The growing demand for steel and metal in the Asia Pacific region, particularly in countries like China and India, is driving the demand for hard coal. These countries are among the largest consumers of steel and metal in the world, and their growing economies and infrastructure development are leading to increased demand for steel and metal products. In addition to the steel and metal industries, hard coal is also used in power generation, particularly in countries like Japan, Korea, and Taiwan, where it is used as a fuel for power plants. The increasing demand for electricity in the Asia Pacific region is also driving the demand for hard coal. Further, the growing demand from the steel and metal industries, as well as the increasing demand for electricity in the Asia Pacific region, are expected to drive the demand for hard coal in the coming years.

FIG. 1 APAC Hard-Coal Market Revenue (2020-2028)- USD Mn

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.

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.

Global Hard-Coal Market Segmentation

Market Insight, by Grades

· Ultra-high Grade

· High Grade

· Standard Grade

Market Insights, by Mines

· Surface Mine

· Slope Mine

· Shaft Mine

· Drift Mine

Market Insight, by Region

· North America

o U.S.

o Canada

o Rest of North America

· Europe

o Germany

o UK

o France

o Italy

o Rest of Europe

· APAC

o China

o Japan

o India

o Rest of APAC

· Rest of the World

Top Company Profiles

· 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