Charcoal Market Size to Reach USD 6,946.21 million by 2029| Top Manufacturers: Plantar, Rancher Charcoal, E & C Charcoal

Market Definition

Charcoal is a manmade black carbon residue product that is produced the plant material such as wood. This process is carried out in the presence of oxygen to remove volatile and water constitutes Due to increased demand for the product in recreational cooking and metal manufacturing, building & construction, healthcare, industrial filtration, and pharmaceutical applications, the global charcoal market is estimated to develop significantly over the forecast period. In recreational cooking, charcoal can be used as a substitute for coal. In addition, the increased popularity of barbeque cooking in restaurants is likely to boost demand for charcoal.

Data Bridge Market Research analyses that the charcoal market is expected to reach the value of USD 6,946.21 million by 2029, at a CAGR of 2.7% during the forecast period. The charcoal market report also covers pricing analysis, patent analysis, and technological advancements in depth.

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Charcoal market research report proves to be an ultimate solution when it comes to better understanding of the industry and lead the business growth. This marketing document considers public demands, competencies and the constant growth of the working industry, vibrant reporting, and the high data protection services. By taking lot of efforts, the report has been constructed where no stone is left unturned. SWOT analysis and Porter's Five Forces analysis are the two widely used and deep-rooted tools that have been employed in the top notch Charcoal market report. These are preferred by the businesses due to their potential in generating market research report.

Charcoal Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

Increase in urbanization and rapid industrialization had created substantial demand for charcoal

The demand for charcoal is increasing mainly due to urban population in developing countries. More than half the global population now lives in cities, and urban-dwellers are restricted to charcoal use because of easiness of production, access, transport, and tradition. Urbanization have influenced the type of fuels used and also the total energy consumption for different functions which have further increased the demand for charcoal production across the region.

Rise in consumption of barbequed food

In much of the world, barbecuing is practically very common activity in many regions especially in summer time. And while some people grill with gas and electricity, many people also prefers grilling with charcoal gives their food with a particularly smoky flavour. Furthermore, charcoal is mostly used for recreational barbecuing in places like North America and Europe, but it's the primary cooking fuel in most African nations. In addition, it is reported that the market is majorly driven by the rising influence of grilled food worldwide and the growing adoption of grilled food among millennials. In addition, lockdown restrictions and the need to maintain social distancing due to the ongoing COVID-19 pandemic have resulted in more number of people staying at home. Thereby, an increasing number of people have been engaged in-home cooking and organizing small social events at home. This situation has resulted in an increasing demand for home cooking equipment and materials.

Opportunity

Shift towards improved stove and higher efficiencies

Traditional stoves for heating and cooking at the household level are typically inefficient and generate considerable indoor air pollution, which can be deleterious to human health. Improved cook stoves have been deployed in many countries in attempts to improve cooking and heating efficiency and reduce indoor pollution in domestic households. Furthermore, charcoal can be burned cleanly and safely if prepared properly and used correctly in efficient appliances. Improved cook stoves are convex in shape and insulated on all sides. Because of their insulation, they require less charcoal to generate an equivalent amount of useful heat, and they retain heat for longer. Also, recently there is the introduction of improved cook stoves that can reduce GHG emissions by improving fuel efficiency and thereby reducing demand for charcoal for the same quantity of cooking energy.

Competitive Landscape and Charcoal Market Share Analysis

The charcoal market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to charcoal market.

Key Market Competitors Covered in the Report
Plantar Siderurgica S/A
Gryfskand sp. z o.o.
MATSURI.CO.TH
Jumbo Charcoal (Pty) Ltd.
Sagar Charcoal And Firewood Depot.
Ignite International, Ltd.
Sichuan Shuangli Yonghui Tanye
The Clorox Company
COAL SÃO MANOEL
Paraguay Charcoal.
Vina Global Imex Co.
LTD, Namco charcoal
Crunchbase Inc.
Oxford Charcoal Company
Duraflame, Inc.
Royal Oak Enterprises, LLC.
Timber_Charcoal_Company_LLC
NAMCHAR.
Mesjaya Sdn Bhd
MAUROBERA S.A.
Kingsford Products Company

    
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Post COVID-19 Impact on Charcoal Market

COVID-19 created a major impact on the charcoal market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods.

The COVID-19 pandemic has impacted the charcoal market to an extent in negative manner. So, the market has resulted in a lower estimated year-on-year growth rate as compared with 2019 because of the fewer amounts of activities of the sectors associated with the charcoal market. However, the growth has been high after the market has opened after COVID-19, and it is expected that there would be considerable growth in the sector owing to higher demand of barbequed food. And this factor is further expected to drive the overall growth of the market.

Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the charcoal. With this, the companies will bring advanced technologies to the market. In addition, government initiatives for usage of electric vehicle has led to the market's growth

Recent Development

In March 2022, Kingsford Products Company, a subsidiary of The Clorox Company launched new product line of signature flavored charcoals and hardwood pellets. The main objective of this product launch is to improve the grilling experience with various flavor and aroma. This will improve the product portfolio of the company
Global Charcoal Market Scope

The charcoal market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product
Lump Charcoal
Charcoal Briquettes
Japanese Charcoal
Sugar Charcoal
Others

On the basis of product, the global charcoal market is segmented into lump charcoal, charcoal briquettes, Japanese charcoal, sugar charcoal and others.

Application
Outdoor Activities
Restaurant Business
Metallurgical Fuel
Industrial Fuel
Filtration
Others

On the basis of application, the global charcoal market has been segmented into below outdoor activities, restaurant business, metallurgical fuel, industrial fuel, filtration and others.

Charcoal Market Regional Analysis/Insights

The charcoal market is analysed and market size insights and trends are provided by country, product and application as referenced above.

The countries covered in the charcoal market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Hong Kong, Taiwan, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Middle East and Africa region dominates the charcoal market because it has demonstrated strong demand of industrial waste and water treatment using activated carbon.

Egypt dominates in the Middle East and Africa region owing to the massive demand for cheaper and more efficient wood fuel in this country.

Frequently Asked Questions:
1. What is the growth rate of the Charcoal Market?
2. Which Countries Data is covered in the Charcoal Market?
3. What are the Main Data Pointers covered in Charcoal Market Report?
4. What are the major players operating in the Charcoal Market?

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