Rising Use of Charcoal for Recreational Cooking Driving Charcoal Market
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In terms of type, the charcoal market is categorized into charcoal briquettes, sugar charcoal, lump charcoal, Japanese charcoal, and others (which include several forms of activated charcoal). Out of these, lump charcoal dominated the market during the historical period and is further expected to account for the largest share of the market during the forecast period, both in terms of value and volume. This is because lump charcoal produces less ash, achieves higher temperature, and burns more quickly as compared to other charcoal types.
Among all the regions, namely North America, Asia-Pacific (APAC), Middle East and Africa (MEA), Europe, and Latin America (LATAM), the largest share of the charcoal market was held by the LATAM region during the historical period, both in terms of value and volume. The region is further projected to dominate the market during the forecast period as well due to the rising adoption of charcoal in the energy industry, including power generation and metallurgy. The MEA region is predicted to grow at the fastest pace during the forecast period.
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Competitive Landscape of Global Charcoal Market
The charcoal market is highly fragmented, with a large number of players operating globally. Some of the leading players in the market are Kingsford Product Company LLC, Timber Charcoal Company LLC, Bricapar S.A., Duraflame Inc., Royal Oak Enterprises LLC, Maurobera SA, Gryfskand Sp. z o.o, and Parker Charcoal Company.
Charcoal Market Segmentation
Market Segmentation by Type
Others (Various Forms of Activated Charcoal)
Market Segmentation by Application
Others (Medical, Pharmaceutical, Horticulture, Automotive, and Arts)
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