openPR Logo
Press release

Increasing Mining Activities to Drive Charcoal Market Forward | Top Key player are Royal Oak Enterprises, LLC, Duraflame, Inc, Parker Charcoal, Namchar Namibian Charcoal & Briquettes

08-06-2019 03:54 PM CET | Energy & Environment

Press release from: Power & Energy-P&S Intelligence

Charcoal Market -P&S Intelligence

Charcoal Market -P&S Intelligence

The rising demand for charcoal as a purification agent in water treatment plants and a metallurgical fuel in the mining and metal industry helped the charcoal market grow to $5,813.2 million in 2017. It is expected to advance at a CAGR of 2.0% during the forecast period (2018–2023). Charcoal is the black residue of carbon that is formed by the removal of water and other volatile components from biological materials such as wood. The slow heating of organic materials in the absence of oxygen produces charcoal.

A major trend being observed in the charcoal market is the growing demand for the product for barbecue cuisine. To keep up with customers’ demand for innovative and unique dining experiences, the food industry is enthusiastically experimenting with barbecued food items. Developed nations, such as Germany and the U.S., have barbecued food as a tradition. This trend is now spreading to emerging economies, such as India and China. The smokiness and caramelized texture that charcoal adds to the food items is making the cooking technique popular among people, who are now increasingly opting for barbecued foods.

Get a free sample copy of this report at: https://www.psmarketresearch.com/market-analysis/charcoal-market/report-sample

The Organisation for Economic Co-operation and Development reported that the global demand for water is estimated to increase over 50.0% in by 2050. To meet this huge demand, the purification of wastewater has already become imperative. For water purification purposes, Japanese white charcoal is being used, as it has chemical-eliminating properties and it also enriches the water with natural minerals. Chlorine, volatile organic compounds, and odor are removed from the water by activated charcoal filters. Further, the increasing shift toward clean and renewable energy resources, and technological innovations are aiding in the growth of the market.

Want to detailed analysis visit: https://www.psmarketresearch.com/market-analysis/charcoal-market

It is used in the smelting of some particular types of bronze and brass. Apart from this, charcoal is used in the production of commercially viable ferroalloys, lead, steel, copper, aluminum, nickel, tin, cast iron, and some rare metals. Charcoal briquettes formed by the compression of biomass materials produce less ash and lower greenhouse gas emissions, which is why these are preferred over traditional fuels to fire up blast furnaces. Additionally, their remains can also be used as fertilizers. Therefore, the charcoal market is expected to grow due to the increasing demand for the product in the metallurgy industry.

Segments of the market are region, type, and application. Based on region, the subdivisions are Asia-Pacific, Middle East and Africa, Latin America (LATAM), Europe, and North America. In 2017, the highest revenue share, of more than 45.0%, was accumulated by LATAM. The same year, Brazil was the largest market in LATAM for charcoal, with a revenue share of more than 65.0%. The factors responsible for the significant growth of the charcoal market in LATAM is the wide availability of charcoal, relatively lenient environmental regulations, and strong presence of metallurgy companies in different countries.

The application segment is further categorized into filtration, metallurgical fuel, industrial, barbecue, and others. Horticulture, art, pharmaceuticals, automotive, and medical constitute the ‘others’ category. The metallurgical fuel category dominated the charcoal market in 2017, accounting for more than 65.0% share in terms of value. The application of charcoal in the extraction of non-ferrous metals, and sintering and smelting of iron ores are the driving factors for this market category.

Therefore, the market is expected to advance owing to the increasing demand for charcoal in the food, metallurgical and various other industries during the forecast period.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Increasing Mining Activities to Drive Charcoal Market Forward | Top Key player are Royal Oak Enterprises, LLC, Duraflame, Inc, Parker Charcoal, Namchar Namibian Charcoal & Briquettes here

News-ID: 1818767 • Views:

More Releases for P&S

Only 17 Stocks in the S&P 500 Have Outperformed the S&P 500 Index in EACH of the …
Image: https://www.getnews.info/wp-content/uploads/2024/04/1711974100.png Washington, DC - April 1, 2024 - 17 stocks in the S&P 500 have consistently beaten the performance of the S&P 500 index on an annual basis over each of the last 4 years. At StoxxUSA.org, our equity analysis team has identified these StoxxUSA "Stars" which have beaten their respective index in each of the last 4 years. Image: https://www.getnews.info/uploads/e8f37ff33afc4fe8e335ecca5313f8f4.jpg The S&P "Stars" Report is prepared by StoxxUSA.org. StoxxUSA.org is not
Europe is Dominating Glycolic Acid Industry - P&S Intelligence
The glycolic acid market was valued at USD 309.3 million in 2021, and it is set to reach USD 604.4 million by 2030, growing at a CAGR of 7.7% between 2021 and 2030, according to a research report by a market research company P&S Intelligence. In 2021, the personal care and cosmetics category held the largest market share at 58.2%. this is due to glycolic acid being extensively utilized in skincare
Immunotherapy Drugs Market Opportunity Assessment Study - P&S Intelligence
Hospitals and clinics were the key end users in the immunotherapy drugs market, with 81.0% contribution in 2017. The adoption of immunotherapy drugs has been increasing in hospitals and clinics, owing to growing patient population, increasing healthcare expenditure, and rising prevalence of chronic diseases, leading to dominate the end-user segment. North America was the largest immunotherapy drugs market during the historical period, with more than 50.0% contribution in 2017. This can
Neurostimulation Device Market Opportunity Assessment Study - P&S Intelligence
The neurostimulation device market is growing, due to increasing geriatric population, increasing prevalence of chronic pain, and increasing incidents of neurological disorders. In addition, the awareness about mental diseases and their treatment is also increasing across the globe. Explore Report with Detailed TOC on “Global Neurostimulation Device Market” at: https://www.psmarketresearch.com/market-analysis/neurostimulation-devices-market The information and data in the publication “Global Neurostimulation Device Market Size, Share, Development, Growth and Demand Forecast to 2022” represent the
P&S Market Research
Isobutanol is expected to perceive significant demand as an alternative to conventional fuel. The high demand of the product is attributed to its increasing adoption as an alternative for ethanol in gasoline. It is widely used in the production of isobutyl acetate. The isobutanol market is driven by wide acceptance in the various consumer product industries, such as food processing industry and lacquer. Get Sample Copy of This Report @https://www.psmarketresearch.com/market-analysis/isobutanol-market/report-sample On the
P&S Market Research
Supercapacitor Market Size, Share, Development, Growth and Demand Forecast to 2020 The growing need for increased battery life in smartphone, laptop, and other similar consumer electronics products has increased the market penetration of supercapacitors in various new applications. Supercapacitors are now used for the extended battery backup in smartphone, and laptops; moreover, the replacement of conventional capacitor with them is expected to drive the growth of the global market during the