The global charcoal market is forecast to grow at a compound annual growth rate (CAGR) of more than 2% during the forecast period from 2021-2030.
Incomplete combustion of wood, animal products, or plant components results in charcoal, a lightweight black carbon residue. In the activation process, the charcoal is heated and then exposed to steam or chemically treated to remove substances adherent to it and break it down into finer particles. The primary use of the product is for outdoor cooking. It is also widely used in manufacturing applications.
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Factors Affecting
- As a result of growing demand in recreational cooking and metal production, construction and healthcare, industrial filter, and pharmaceutical applications, the global charcoal market will grow significantly over the projected period.
- The use of charcoal as a fuel substitute for coal in the recreation market is becoming increasingly popular. The popularity of barbeque cooking in restaurants will also help to drive the demand for charcoal.
- The combustion of charcoal in metal production can reach 370°C with relatively low emissions of carbon dioxide. Due to its high heating capacity, charcoal works as a metallurgical fuel in steel and iron. Due to the growing building and construction industries in emerging economies such as China and India, steel and iron demand will continue to grow, boosting the charcoal market.
- There has been an increase in deforestation due to the rising demand for charcoal. The growth of the charcoal market is likely to be slowed down by growing government regulations regarding deforestation and consumer awareness about eco-friendly environments.
- With consumers becoming more aware of water waste, growing demand for potable water, and affordable charcoal, market players will likely benefit from profitable opportunities.
Impact Analysis of COVID-19
A negative impact of Covid-19 exists on the charcoal market. Globally, governments took several necessary measures to combat the spread of disease, resulting in factory shutdowns and border closures, shutting down the supply chain. Charcoal is used extensively in industrial processes and the hospitality industry for food preparation. The COVID-19 has a negative effect on all of these industries, thus affecting the demand for charcoal. After the impact of COVID-19 on many dimensions, charcoal companies are also focusing on sustainability and long-term growth. After COVID-19, coal and chemical industries take on a vital role in the economic regrowth of nations, so companies involved in this industry should see plenty of opportunities in the coming years.
Regional Overview
The Middle East & Africa, and South America dominate the market in terms of revenue share. These regions are experiencing a rise in charcoal consumption due to environmental concerns, an aging population, and urbanization.
Leading Players
The leading prominent players profiled in the global charcoal market are:
- Kingsford Products Company LLC (United States)
- Duraflame Inc. (United States)
- Royal Oak Enterprises LLC (United States)
- E&C Charcoal (Pty) Ltd. (South Africa)
- Namchar (Pty) Ltd. (South Africa)
- Timber Charcoal Company LLC (United States)
- BOM DE BRASA (South America)
- Fogo Charcoal Company (South America)
- Gryfskand Sp. z o.o (Europe)
- Aperam BioEnergia Ltda (South America)
- Other Prominent Players
Scope of the Report
The global charcoal market segmentation focuses on Type, Application, and Region.
Segmentation based on Type
- Lump Charcoal
- Charcoal Briquettes
- Japanese Charcoal
- Sugar Charcoal.
Segmentation based on Application
- Metallurgical Fuel
- Barbecue
- Industrial
- Filtration
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Charcoal Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Charcoal market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Charcoal Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Charcoal market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Charcoal market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Charcoal market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Charcoal market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Charcoal business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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