Players-Duraflame, Inc, Royal Oak Enterprises, LLC, GRYFSKAND Sp. z o.o., Parker Charcoal, Namchar Namibian Charcoal & Briquettes

The market growth is primarily driven by the growing applications of charcoal as a metallurgical fuel in the smelting and sintering of iron ores, case hardening of steel, and production of pure silicon and ferro-silicon.

The charcoal market is segmented into lump charcoal, charcoal briquettes, Japanese charcoal, sugar charcoal, and others. Others include various forms of activated charcoal. Lump charcoal held the largest revenue share in the market during the historical period and is estimated to contribute more than 67.0% share to the market in 2017.

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Lump charcoal burns more quickly, produces less ash, and achieves higher temperature as compared to other charcoal types. In addition, low cost and wide availability of lump charcoal have pushed its demand in the market.

The charcoal market is segmented into metallurgical fuel, barbecue, industrial, filtration, and others, where the category of “others” includes medical, pharmaceutical, horticulture, automotive, and art applications. Metallurgical fuel is estimated to contribute the largest revenue to the market in 2017, accounting for more than 65.0%.

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Charcoal is widely used for metallurgical applications, such as the smelting and sintering of iron ores, production of pure silicon and ferro-silicon, case hardening of steel, and extraction of non-ferrous metals. In addition, the demand for charcoal is growing as a low-cost metallurgical fuel in developing economies, which, in turn, is driving its market growth.

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Latin America (LATAM) stands as the largest charcoal market

LATAM is estimated to contribute more than 45.0% revenue share to the charcoal market in 2017. The region is expected to continue holding the largest share in the market in the coming years, owing to the high growth of the exhaustive energy industry, such as the metallurgical industry, and the increasing production of cement. In value terms, lump charcoal accounted for the largest market share during the historical period because of its strong demand for iron and steel production in the region. During the forecast period, the charcoal market is expected to witness the highest growth in Brazil because of the increase in the demand for charcoal in metal and chemical industries.

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