Anthracite Market Size and Share

Anthracite Market Summary
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Anthracite Market Analysis by Mordor Intelligence

The Anthracite Market size is estimated at USD 122.18 billion in 2025, and is expected to reach USD 150.59 billion by 2030, at a CAGR of 4.27% during the forecast period (2025-2030). Steady steel capacity additions in Asia-Pacific, widening filtration demand and emerging battery-grade calcined products underpin expansion, even as carbon-intensive fuels face intensifying emission rules. Robust infrastructure investment programs in China, India and selected ASEAN economies keep blast-furnace utilization high, lifting seaborne high-carbon coal flows. Parallel growth in municipal water treatment spending, especially in large urban centers, is broadening the user base beyond metallurgy. Technological advances that convert anthracite into cost-competitive anode material for lithium-ion cells are creating a future-oriented outlet for processed grades, while logistics consolidation is lowering delivered costs for key import markets.

Key Report Takeaways

  • By grade, standard grade led with 46.37% revenue share in 2024; calcined and electrically-calcined anthracite is projected to expand at a 5.04% CAGR to 2030.
  • By application, metallurgy accounted for 56.18% share of the anthracite market size in 2024 while the “others” category is forecast to grow at a 5.38% CAGR through 2030.
  • By end-user industry, steel and metallurgy held 52.68% of anthracite market share in 2024; energy and power is projected to grow at a 5.52% CAGR through 2030.
  • By geography, Asia-Pacific commanded 42.29% of revenue in 2024 and is advancing at a 4.43% CAGR through 2030. 

Segment Analysis

By Grade: Standard Grade Retains Lead as Calcined Products Accelerate

Standard grade captured 46.37% of anthracite market share in 2024, sustained by entrenched demand from blast furnaces, power boilers and large-volume industrial users that prioritize low delivered cost over ultra-low impurity levels. Supply chains for this grade are mature, covering bulk rail haulage in China and South Africa and barge logistics on the Mississippi River in the United States. Producers continue to invest in heavy-media separation and flotation to keep ash under competitive thresholds, preserving margin despite tighter sulfur limits. 

Calcined and electrically-calcined grades are projected to expand at a 5.04% CAGR to 2030, the fastest of any grade segment. Induction of electrical calcination units near mine sites reduces volatile matter to near zero, raising discharge bulk density and improving graphite substitution potential. The shift supports the broader anthracite market by opening a pathway to energy-storage supply chains, cushioning demand against structural decline in thermal power use. Battery anode manufacturers in China, India and the United States have begun trial purchases, signaling a scalable outlet once automotive qualification is complete.

Anthracite Market: Market Share by Grade
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By Application: Metallurgy Dominates While Emerging Uses Build Momentum

Metallurgy held 56.18% of 2024 revenue as blast-furnace ironmaking and ferro-alloy smelting continued to underpin bulk consumption, particularly in Asia-Pacific steel hubs. Even with gradual adoption of hydrogen-based direct-reduction technologies, the installed base of traditional furnaces remains vast, ensuring a durable customer footprint. Steelmakers favor anthracite for its low volatile matter and controlled ash chemistry, which stabilizes tuyere temperatures and minimizes slag foaming. 

The “others” application cluster, covering ceramics, fuel cells and advanced carbon products, is set to grow at 5.38% CAGR through 2030, outpacing the headline anthracite market. Ceramics producers value the material’s refractory traits during firing, while solid-oxide fuel cell developers examine anthracite-derived powders for conductive backplates. These niches may be small today but offer higher unit margins, enabling producers to diversify away from cyclical metallurgical demand swings.

By End-User Industry: Steel Maintains Scale Advantage as Energy Gains Pace

Steel and metallurgy accounted for 52.68% of spending in 2024 and remain the cornerstone of volume offtake. Capacity expansions in India, Indonesia and Saudi Arabia, along with furnace rebuilds in the United States, point to sustained procurement. 

Energy and power is the fastest-growing end-user at 5.52% CAGR through 2030. Innovative plants that pair carbon capture with ultra-supercritical boilers require high-fixed-carbon feedstock to maintain flame stability at elevated pressures. Co-firing trials with torrefied biomass also rely on low volatile coal to manage volatile release curves, supporting incremental demand. Interest in carbon-negative power configurations that gasify anthracite and sequester the CO₂ further benefits suppliers able to guarantee traceable product provenance.

Anthracite Market: Market Share by End-User Industry
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Geography Analysis

Asia-Pacific generated 42.29% of 2024 revenue and is forecast to advance at a 4.43% CAGR, maintaining leadership in size and growth. China’s ports handled 431 million t of seaborne coal in 2024, with higher anthracite inflows balancing declines from domestic mines. India crossed the 1 billion-ton production milestone yet still lifted anthracite imports 12.2% to 1.79 million t as local grades could not fully satisfy blast-furnace fixed-carbon specs[2]Coal India Limited, “Production Milestone Release,” coalindia.in . Emerging ASEAN economies build capacity in steel, cement and water treatment, broadening regional offtake. 

North America remains a stable supply center with shifting demand patterns. The merger that formed Core Natural Resources created scale efficiency across Appalachian and Powder River assets, improving rail-to-port linkages and enabling tailored blends for Latin American customers. Canada’s impending emission ceilings encourage utilities to swap lower-quality thermal coal for higher-efficiency anthracite ahead of plant conversions. Mexican rebar producers, expanding to meet domestic housing programs, source niche volumes via the Texas rail network and Pacific Coast terminals.

Europe confronts a structural decline in coal consumption but retains specialized demand in foundries, refractories and district-heating plants that require dense, low volatile fuels. Seaborne purchases fell to 88.8 million t in 2023, with the United States supplying 27.3% after Russia’s share collapsed under sanctions. Eastern European utilities operate longer under derogations, sustaining import pockets even as Western Europe phases out coal-fired power. Logistics realignment toward Atlantic coals slightly supports U.S. miners, though overall tonnage remains on a downward trend.

Anthracite Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The anthracite market exhibits moderate fragmentation with regionally dominant incumbents and a wave of mergers designed to capture scale economies and manage rising compliance costs. Chinese state-backed groups such as China Shenhua retain dominance in domestic extraction, while integrated American players target export niches requiring stringent quality certification. 

The January 2025 combination of CONSOL Energy and Arch Resources created Core Natural Resources, unlocking USD 125-150 million in annual synergies through shared port capacity, centralized marketing and blended product offerings. Peabody Energy’s pending USD 3.8 billion acquisition of Anglo American’s steelmaking coal operations will raise its share of seaborne high-grade supply to Asia, leveraging established freight channels. Delta Dunia’s purchase of Atlantic Carbon Group strengthens presence in premium Pennsylvania anthracite, extending reach into metallurgical and filtration segments. Technology investment focuses on optical sorting, dense-medium cyclones and low-emission calcination that expand value-added product lines.

Producers pursue certification under ISO 14064 and local equivalent schemes to meet buyers’ Scope 3 reporting needs. Some adopt methane-abatement projects eligible for Article 6 carbon crediting, opening ancillary revenue. Logistics alliances, such as CHN Energy’s Shuozhou-Huanghua Railway, improve throughput and lower demurrage risk, enhancing competitiveness for inland mines.

Anthracite Industry Leaders

  1. JINERGY

  2. Blaschak Anthracite

  3. CHINA SHENHUA

  4. Reading Anthracite Company

  5. Sibanthracite Group

  6. *Disclaimer: Major Players sorted in no particular order
Anthracite Market Concentration
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Recent Industry Developments

  • July 2025: Feishang Anthracite Resources Limited increased its anthracite production, with output rising from 318,000 tons in April-June 2024 to approximately 438,000 tons during the same period in 2025.
  • May 2025: Guess & Co acquired RIE Anthracite Products, Inc. and its affiliated companies. This acquisition aligns with Guess & Co's strategy to expand its mining operations, particularly in anthracite and bituminous coal. The company intends to establish itself as an integrated anthracite coal producer, marketer, trader, and transporter in the United States.

Table of Contents for Anthracite Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Expansion of Steel and Ferro-Alloy Capacity
    • 4.2.2 Rising Demand for Low-Ash, High-Carbon Industrial Fuels
    • 4.2.3 Growth of Municipal and Industrial Water-Filtration Projects
    • 4.2.4 Construction Rebound Boosting Carbon-Brick and Refractory Use
    • 4.2.5 Electrically-Calcined Anthracite Adoption in Li-Ion Battery Anodes
  • 4.3 Market Restraints
    • 4.3.1 Stringent Global GHG And Mining Regulations
    • 4.3.2 Competition From Petroleum Coke and Renewable Biocarbon
    • 4.3.3 Volatile Seaborne Freight Rates and Logistics Costs
  • 4.4 Value Chain Analysis
  • 4.5 Porter's Five Forces
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Competitive Rivalry

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Grade
    • 5.1.1 Standard Grade
    • 5.1.2 Ultra-High Grade (UHG)
    • 5.1.3 Calcined and Electrically-Calcined Anthracite
  • 5.2 By Application
    • 5.2.1 Metallurgy (Steel, Ferro-alloys, Refractories)
    • 5.2.2 Water and Waste-Water Filtration
    • 5.2.3 Thermal Power Generation and CHP
    • 5.2.4 Chemical Feedstock and Carbon Products
    • 5.2.5 Others (Ceramics, Fuel Cells, etc.)
  • 5.3 By End-User Industry
    • 5.3.1 Steel and Metallurgy
    • 5.3.2 Chemicals and Petrochemicals
    • 5.3.3 Water Treatment Utilities
    • 5.3.4 Energy and Power
    • 5.3.5 Other End-user Industries (Construction Materials, Carbon Products, etc.)
  • 5.4 By Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 Japan
    • 5.4.1.3 India
    • 5.4.1.4 South Korea
    • 5.4.1.5 ASEAN Countries
    • 5.4.1.6 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Spain
    • 5.4.3.6 Russia
    • 5.4.3.7 NORDIC Countries
    • 5.4.3.8 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share (%) / Ranking Analysis
  • 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials, Strategic Info, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Atlantic Carbon Group
    • 6.4.2 Blaschak Anthracite
    • 6.4.3 Carbones Holding GmbH
    • 6.4.4 CHINA SHENHUA
    • 6.4.5 Coal India Limited (CIL)
    • 6.4.6 Feishang Anthracite Resources Limited
    • 6.4.7 Guess & Co
    • 6.4.8 JINERGY
    • 6.4.9 Lehigh Anthracite.
    • 6.4.10 Reading Anthracite Company
    • 6.4.11 Sadovaya Group
    • 6.4.12 Sibanthracite Group
    • 6.4.13 Xcoal Energy & Resources
    • 6.4.14 Yanzhou Coal Mining Company Limited

7. Market Opportunities and Future Outlook

  • 7.1 White-Space and Unmet-Need Assessment
  • 7.2 Surging Clean-fuel Demand across Emerging APAC Economies
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Global Anthracite Market Report Scope

By Grade
Standard Grade
Ultra-High Grade (UHG)
Calcined and Electrically-Calcined Anthracite
By Application
Metallurgy (Steel, Ferro-alloys, Refractories)
Water and Waste-Water Filtration
Thermal Power Generation and CHP
Chemical Feedstock and Carbon Products
Others (Ceramics, Fuel Cells, etc.)
By End-User Industry
Steel and Metallurgy
Chemicals and Petrochemicals
Water Treatment Utilities
Energy and Power
Other End-user Industries (Construction Materials, Carbon Products, etc.)
By Geography
Asia-Pacific China
Japan
India
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC Countries
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
By Grade Standard Grade
Ultra-High Grade (UHG)
Calcined and Electrically-Calcined Anthracite
By Application Metallurgy (Steel, Ferro-alloys, Refractories)
Water and Waste-Water Filtration
Thermal Power Generation and CHP
Chemical Feedstock and Carbon Products
Others (Ceramics, Fuel Cells, etc.)
By End-User Industry Steel and Metallurgy
Chemicals and Petrochemicals
Water Treatment Utilities
Energy and Power
Other End-user Industries (Construction Materials, Carbon Products, etc.)
By Geography Asia-Pacific China
Japan
India
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC Countries
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
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Key Questions Answered in the Report

How large is the anthracite market in 2025?

It stands at USD 122.18 billion in 2025 and is forecast to grow to USD 150.59 billion by 2030, supported by a 4.27% CAGR.

Which region generates the highest demand?

Asia-Pacific leads with 42.29% revenue share in 2024 and is also the fastest-growing region at 4.43% CAGR through 2030.

What applications dominate current consumption?

Metallurgy, including blast-furnace ironmaking and ferro-alloy production, accounts for 56.18% of 2024 demand.

Which anthracite grade is expanding most quickly?

Calcined and electrically-calcined anthracite is projected to grow at a 5.04% CAGR, driven by lithium-ion battery anode adoption.

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