Australia Anthracite Market Outlook

the australia anthracite market is expected to have a positive outlook from 2018 to 2032. the main drivers of the short- and medium-term outlook are related to environmental policy, increased use in chemical industries, and continued demand from steel manufacturing. in the short-term, continued support for environmentally-friendly fuel sources, such as anthracite, is expected to drive the market. governments in australia have set demanding targets for carbon emissions, especially from coal. subsequently, this has encouraged the coal industry to undertake innovative research and development to improve the burning of coal to create anthracite. this anthracite has higher energy content and lower emissions than conventional coal. in the medium-term, the resurgence in the use of anthracite in various chemical industries is expected to create opportunities for growth. for example, the chemical analysis of anthracite has shown it to contain carboxylic acids, sugars, alcohols and other molecules suitable for use in the manufacture of paints, coatings and specialty chemicals. additionally, anthracite can be used in the production of activated carbon which is used in water and air purification processes. the demand from the steel industry is likely to remain strong over the next fifteen years. anthracite is used in steelmaking processes to provide the heat required to transform the pellet form of iron ore into liquid iron, as well as to burn impurities from the raw iron. as infrastructure and construction projects in the region continue to expand, the need for steel is likely to increase, which in turn will lead to higher demand for anthracite. overall, the outlook for the australia anthracite market from 2018 to 2032 is expected to be positive. support from environmental policy, increased use in chemical industries, and continued demand from steel manufacturing are expected to remain the key drivers of the market’s bright future.