India Anthracite Market Outlook

india's anthracite market is poised to witness strong growth in the forecast period of2018 to 2032. increasing awareness of the importance of energy conservation and the threat of global warming has fuelled the demand for anthracite in india. in 2018, the overall market size of anthracite in india was estimated to be close to inr 7 lac tonnes. the market is expected to grow exponentially in the coming years and reach inr 25.67 lac tonnes by 2032. the anthracite market in india is largely driven by the increasing demand of metallurgical grade coal from steel and cement industries. additionally, the growing industrial applications of anthracite such as coal briquets, chemical products and catalysts will fuel the demand for anthracite in india. on the other hand, the production of anthracite is limited by the presence of limited reserves of anthracite across the country. to meet the increasing demand for anthracite in india, several foreign players are investing in the indian anthracite market. for instance, in february 2018, a leading foreign player announced its plans to invest usd 250 million in an anthracite mining production facility in odisha. such investments are expected to help the indian anthracite market reach its full potential. furthermore, the introduction of pollution control regulations by the government has opened up the opportunities for the usage of anthracite as a clean energy alternative. burning anthracite emits lower levels of pollutants such as sulfur dioxide and nitrogen oxide as compared to burning coal for energy production. this is expected to act as a major driving force for the indian anthracite market in the future. the indian anthracite market is likely to witness an increase in investments due to the growing demand of metallurgical grade anthracite. this is expected to help the indian anthracite market reach to an estimated market size of inr 25.67 lac tonnes by 2032. additionally, the rising awareness of the need to reduce pollution levels through an adoption of clean energy sources is likely to add further impetus to the market.