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 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.
Charcoal Briquette Market Report Snapshots
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