Saudi Arabia Anthracite Market Outlook

the demand for saudi arabia's anthracite market outlook for 2018 to 2032 is expected to remain largely stable over the next decade. this is largely due to the continued importance of oil and gas production in saudi arabia, which will continue to be fueled by the demand from the middle east region. additionally, anthracite is also used in various industrial applications within the country, which could drive further demand for the product. in terms of global trends, the growth of global energy demand and the growth of renewable energy sources has contributed to a rise in total coal consumption. moreover, projections by the international energy agency (iea) have pegged global coal demand to remain above pre-pandemic levels during 2031/2032. this is largely due to rising energy demand in asia and the forecast of a further 9% increase in asia’s coal consumption by 2032. in saudi arabia, coal is already used in a variety of industrial applications and could further expand its application in the future. anthracite is not used as a source of energy due to its low calorific value; however, it is used in industries such as iron and steel making, cement and lime production, water treatment, and chemical industries. this trend could lead to further demand for anthracite in the future. additionally, advances in technology and automation have also benefitted the industry. this is due to the reduction in the usage of labor and manual labor in the transportation and handling of anthracite, reducing costs significantly. overall, the saudi arabia anthracite market outlook for the next decade is expected remain largely stable. this is largely due to the increased usage of anthracite in industrial applications, advancements in technology, and the continued importance of oil and gas production in saudi arabia. with that being said, it is anticipated that demand for anthracite should remain relatively stable over the same time frame.