Charcoal Briquette Market
Report ID: SQMIG10G2039
Charcoal Briquette Market Size, Share, Growth Analysis, By Product(Lump Charcoal, Japanese Charcoal, Sugar Charcoal, Others), By Application(Metallurgical Industry, BBQ, Others), By Type(Wood Type, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG10G2039 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
90
|Figures:
67
Charcoal Briquette Market Insights
Charcoal Briquette Market size was valued at USD 0.9 billion in 2022, and it is poised to grow from USD 0.96 and expected to attain a value of USD 1.56 billion by 2031, at a CAGR of 6.3% over the forecast period (2024-2031).
Due to growing demand for the product in recreational cooking, metal manufacturing, building & construction, healthcare, industrial filtration, and pharmaceutical applications, the Global Charcoal Briquette Market is anticipated to expand significantly over the anticipated period. In recreational cooking, charcoal serves as a substitute for coal as a fuel. The popularity of barbecue cooking in restaurants is also anticipated to increase demand. It can burn up to 370 degrees Celsius while emitting comparatively little carbon dioxide during the manufacture of metal. Due to its great heating capability, charcoal is employed as a metallurgical fuel in the production of steel and iron.
The need for iron and steel rises with the expansion of the building and construction sector in developing nations like China and India, which is projected to have a beneficial impact on the growth of the charcoal briquette market. When used with cement, charcoal briquette increases the cement's overall strength and serves as a binder for lightweight concrete. Additionally, it improves the performance of traditional concrete by reducing the quantity of pores. The construction industry's rising demand for cement, particularly in Asia Pacific, is anticipated to drive the market expansion. In the medical and pharmaceutical fields, activated charcoal is used as a detoxifier. The substance improves antifungal defense, lessens dyspepsia, and purifies blood. Due to its excellent adsorbent properties, charcoal powder is easily employed in cases of poisoning, drug overdoses, and alcohol overdoses. The product also aids in cleansing the body of hazardous pollutants. The demand for the product is projected to increase in the years to come due to expanding medical research into the usage of charcoal in healthcare applications.
The market for charcoal briquettes is predicted to rise in the approaching years due to rising consumer awareness of water waste and rising need for potable drinking water. Due to its effective adsorption qualities, activated charcoal filters for water purifiers are in high demand. Toxins from water, including chlorine and other volatile chemicals, are eliminated by charcoal filters. Additionally, it can enhance the quality of the water by introducing minerals like calcium, magnesium, and iron.
US Charcoal Briquette Market is poised to grow at a sustainable CAGR for the next forecast year.
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Charcoal Briquette Market Segmental Analysis
The global charcoal briquette market is segmented based on product, application type, and region. Based on product, the market is further segmented into lump, Japanese, sugar charcoal and other segments. On the basis of application, the market can be bifurcated into metallurgical industry, BBQ and other segments. Based on type, the market is segmented into wood type and others. The regional insights of the market are into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Charcoal Briquette Market Analysis by Product
The high calorific value, lump charcoal currently holds a dominant position in the market. It burns more quickly than briquettes and at a greater temperature of about 12000F than other varieties of charcoal. Lump charcoal also creates less ash. Depending on the raw materials used, briquettes burn at a temperature between 800 and 10,000 °F. Applications include dehumidifiers, which keep the root water fresh and eliminate moisture and stink from closets. These numerous uses of charcoal are anticipated to increase demand for the substance.
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Charcoal Briquette Market Regional Insights
North America held the largest share of the global charcoal briquette market during 2021. The modest growth in North America is owing to the rise in the cost of conventional fuel sources. In comparison to other conventional fuel sources, charcoal briquettes are fairly inexpensive. The industry size is anticipated to increase because of the rising demand from the residential sector. Europe has a legal obligation to use clean energy sources to reduce GHG emissions. Clean energy sources are predicted to be driven by the severe pollution regulations and rising concern over global warming.
Due to substantial use by growing nations like India and China, where the majority of the population still lives in rural regions, the Asia Pacific region is expected to dominate the industry size. With regard to agriculture, both nations are independent. The agricultural waste is easily transformed into charcoal briquettes for use as fuel in household applications such as heaters and boilers. Due to a lack of infrastructure, African nations rely primarily on natural resources. As a result, for a wide range of applications, charcoal briquettes prove to be the optimum supply.
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Charcoal Briquette Market Dynamics
Charcoal Briquette Market Driver
- The characteristics of coal briquettes can be changed by various binders. Coal briquettes significantly improve thermal efficiency and reduce coal-fired pollutant emissions in industrial boilers and kilns as compared to burning raw coal.
- This is one of the key factors that is boosting this market's demand. The rational application of low-quality coal and coal with a high sulfur content has been made possible by the use of additives in coal briquettes. The use of the different binders slightly alters the decomposition of CO2 gas when briquettes and slaked lime are combined.
Charcoal Briquette Market Restraint
- The absence of facilities for making charcoal briquettes and the need for specialized equipment are predicted to impede the industry's expansion. Also, the charcoal briquettes are the best alternative to the conventional fuel source of energy as they do not pose any risk or hazard to the environment but, the market's potential may be constrained by customers' lack of awareness.
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Charcoal Briquette Market Competitive Landscape
The nature of the global market is fragmented. To support different industries, these important players are funding R&D projects. To preserve their market supremacy, they are putting into practise a variety of growth tactics, such as providing extensive product portfolios, fortifying their distribution networks, expansions, and acquisitions.
Top Players in the Charcoal Briquette Market
- ITO Global Trading Company (India)
- Snesmi Techno Pvt Ltd (India)
- Sun Company (US)
- Coal Hut (UK)
- Milazzo Industries (US)
- Milward alloys Inc. (US)
- Halogen Supply Co. Inc. (US)
- Bepex international llc (US)
- Dauber co. (US)
- BBCharcoal (US)
- Paraguay Charcoal (US)
Charcoal Briquette Market Recent Developments
- In March 2022, A division of The Clorox Company called Kingsford Products Company introduced a new product line of distinctively scented charcoal and hardwood pellets. With a variety of flavors and aromas, this product's primary goal is to enhance the grilling experience. This will enhance the company's line of products.
Charcoal Briquette Key Market Trends
- Traditional stoves used in homes for cooking and heating are frequently inefficient and produce a lot of indoor air pollution, which can be harmful to human health. In an effort to increase cooking and heating efficiency and lessen indoor pollution in homes, improved cook stoves have been introduced in several nations. Additionally, it can be safely and cleanly burned provided it is properly prepared and utilized in efficient equipment. Convex in design, improved cook stoves provide insulation on all sides. Additionally, improved cook stoves have recently been developed, which can lower GHG emissions by increasing fuel efficiency and lowering the need for charcoal to produce the same amount of cooking energy.
Charcoal Briquette Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global charcoal briquette market is segmented based on product, application and regions. In terms of product, the high calorific value, lump currently holds a dominant position in the market. It burns more quickly than briquettes and at a greater temperature of about 12000F than other varieties. The modest growth in North America is caused by a rise in the cost of conventional fuel sources. In comparison to other conventional fuel sources, charcoal briquettes are fairly inexpensive.
| Report Metric | Details |
|---|---|
| Market size value in 2031 | 1.56 billion |
| Growth Rate | 6.3% |
| Base year | 2023 |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Charcoal Briquette Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Charcoal Briquette Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Charcoal Briquette Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Charcoal Briquette Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Charcoal Briquette Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Charcoal Briquette Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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