What are the Latest Trends, Analysis & Insights of the Charcoal Market ?

Globally, Latin America (LATAM) is estimated to hold a share of 45.0% in terms of value in the charcoal market in 2017. Wide availability of charcoal, strong presence of the metallurgical industry in different countries, and relatively lenient environmental regulations regarding the industrial use of charcoal are the factors driving the growth of the market in LATAM. In terms of value, Brazil is estimated to be the largest charcoal market in LATAM in 2017, accounting for more than 65% share.

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Charcoal is increasingly being used in the production of steel, ferroalloys, aluminum, lead, cast iron, tin, copper, lanthanides, nickel, and some rare metals. It is also employed in the smelting of certain types of brass and bronze. The demand for charcoal is increasing due to technological developments and growing inclination toward the use of clean and renewable resources. Charcoal briquettes compressed from biomass materials produce less ash and reduce greenhouse gas emissions. They are therefore more preferred than traditional fuels. Such environmental sustainability benefits are fueling their demand among users, which, in turn, is driving the growth of the charcoal market.

Rapid industrialization across the globe has unfortunately increased the amount of pollutants in our surroundings. One such pollutant is wastewater. According to the Organisation for Economic Co-operation and Development (OECD), the water demand is projected to increase by more than 50.0% by 2050. Thus, managing wastewater through wastewater treatment plants has become the need of the hour. Japanese white charcoal is widely being used for water purification purposes, as it eliminates chemicals from the water and enriches it with natural minerals. Such wide-scale applications of Japanese white charcoal in water and waste water treatment industry are supporting the growth of the global charcoal market.

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Low investments in raw materials (such as the use of agro-forestry waste for the production of charcoal briquettes) and increasing prices of traditional fossil fuels are also key factors propelling the usage of different charcoal products in industries. After burning, the leftover of charcoal briquettes can be utilized as a fertilizer. Owing to this, the demand for charcoal briquettes is growing in the field of agriculture in emerging economies. Thus, these factors are contributing to the growth of the charcoal market.

Some of the major players operating in the global charcoal industry are Royal Oak Enterprises LLC, Maurobera SA, GRYFSKAND SP z o.o., Sagar Charcoal Depot, Parker Charcoal Company, NAMCHAR (Pty.) Ltd., Timber Charcoal Company LLC, Bricapar S.A.E., Duraflame Inc., and Kingsford Products Company LLC.

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