Electrically calcined Anthracite can be used by various industries to manufacture carbon-based products. It is used as an alternative for more expensive metallurgical coal in the production of steel and reduces overall costs. It also finds applications in aluminum smelting and as fuel for furnaces to generate electricity. The demand for this carbon-based material is largely driven by the automotive industry as it acts as an essential component in high-strength steel production. This has resulted in a significant rise in R&D expenditure, which is in turn boosting the market for ECA.
The global electric calcined-anthracite (ECA ) market is segmented according to product, application, as well as geography. The market will grow at an annual CAGR of 7.7% from 2023-2025. This growth can largely be attributed to the increasing demand for both steel and aluminum, as well as an increase in investments into renewable energy and infrastructure. In addition, the Covid-19 pandemic has also impacted the global market by hindering production and limiting industrial activities. The market regained momentum after the recovery of economies and the resumption of manufacturing.
Major players are now focusing their efforts on strategic partnerships, and collaborations in order to gain a significant competitive edge. They are also investing in research and development to improve the quality of ECA products and explore new application areas. In addition, they are increasing their production capacity in order to satisfy the growing global demand.
In terms of region, Asia Pacific accounted for the largest share in the global market in 2023 with over 47.6%, primarily driven by China. This is because of the increasing demand for ECA in China, due to its rising iron and sand production. This country will also continue to be the largest ECA user in the near future.
China's ECA market is further fueled by the growth in the country's aluminum and steel sectors. The result has been an increase in production of high-strength, advanced steel as well as a higher capacity at aluminum smelting facilities. A growing automobile industry also boosts the demand for ECA to replace more expensive metallurgical coal.
The market for ECA in steel applications is expected to grow rapidly owing to its low energy consumption and environmental benefits. The use of ECA decreases the production of sulphur dioxide and nitrogen oxide in steel manufacturing, thus reducing its environmental impact. It is also a safer option than other carbon additives, as it emits less toxic fumes when it burns. ECA is a low-sulfur, low-nitrogen coal with low ash content and has high thermal efficiency. This makes ECA a viable option for applications, such as electric-arc furnaces and coal injection. This electrode's high level of mechanical and compressed strength, along with its slow oxidation speed and low heat conductivity make it ideal for aluminum smelting. Moreover, it is lightweight and easy to handle.
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