Charcoal Market Outlook 2024-2031: Growth Driven by Activated Charcoal Demand and Sustainable Fuel Applications | Top Players Include Kingsford, Duraflame, and Timber Charcoal Co.

The global charcoal market reached US$ 6.8 billion in 2023 and is expected to reach US$ 8.7 billion by 2031, growing at a CAGR of 3.10% during the forecast period (2024-2031). Market growth is primarily driven by rising demand from the cement production and food processing industries, along with the growing popularity of barbecue cooking and eco-friendly fuel alternatives. Charcoal's versatility in industrial and household applications continues to strengthen its market position globally.

The increasing use of activated charcoal in healthcare, pharmaceuticals, and water filtration further boosts demand, owing to its strong adsorptive and purifying properties. Additionally, the growing preference for sustainable and low-emission fuels is driving manufacturers to focus on cleaner production technologies. As recreational cooking and outdoor dining trends surge, the charcoal market is poised for steady and sustained growth worldwide.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):-https://www.datamintelligence.com/download-sample/charcoal-market?sai-v

The charcoal market involves the production and use of carbon-rich material derived from wood or organic matter, widely utilized in cooking, metallurgy, filtration, and industrial applications for its high energy efficiency and adsorption properties.

Key Developments :

✅ September 2025 (United States): U.S. manufacturers introduced eco-friendly activated charcoal made from agricultural residues, enhancing sustainability and reducing carbon emissions in industrial filtration and personal care applications.

✅ July 2025 (United States): A leading U.S. energy materials company launched a premium-grade BBQ charcoal line using low-smoke technology and renewable biomass sources, responding to rising consumer demand for sustainable grilling products.

✅ August 2025 (Japan): Japanese researchers developed high-purity bamboo charcoal composites for use in air purification and water filtration systems, strengthening Japan's innovation in green materials.

✅ June 2025 (Japan): A Tokyo-based firm unveiled biochar-enhanced soil conditioners made from charcoal residues to improve agricultural productivity and carbon sequestration, aligning with Japan's carbon neutrality goals.

Recent Mergers & Acquisitions :

✅ September 2025 (United States): A U.S.-based environmental materials company acquired a charcoal pellet manufacturing plant to expand its biochar production capacity and meet industrial filtration demand.

✅ July 2025 (United States): A major energy conglomerate acquired a renewable charcoal producer to diversify its green fuel portfolio and enhance sustainability-driven market reach.

✅ May 2025 (Japan): A Japanese chemicals manufacturer acquired a local activated carbon company to boost its advanced filtration materials and eco-friendly product offerings.

Market Insights

♦ The Charcoal Market in 2025 across the United States and Japan is witnessing robust growth driven by sustainability initiatives, renewable biomass technologies, and carbon-neutral manufacturing.
♦ Rising applications in BBQ, industrial filtration, cosmetics, and agriculture are propelling innovation in product formulations and efficiency.
♦ Companies are increasingly focusing on biochar production, eco-certification, and low-emission technologies, aligning with global environmental and energy transition goals.

Key Players:

The Clorox Company - US $7.4 billion

Royal Oak Enterprises, LLC - US $900 million

Duraflame, Inc. - US $400 million

Subur Tiasa Holdings Berhad - US $250 million

Timber Charcoal Company LLC - US $120 million

Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=charcoal-market?sai-v

Market Drivers - Charcoal Market

->Rising Demand for Barbecue & Grilling: Growing popularity of outdoor cooking and food culture boosts charcoal consumption.

->Industrial Applications: Expanding use in metallurgy, filtration, and chemical processing.

->Sustainable Energy Shift: Increased use of charcoal as a renewable and cleaner alternative to fossil fuels.

->Construction & Artisanal Uses: Rising adoption in cement production, cosmetics, and art materials.

->Growing Urbanization: Higher demand for household fuel and heating in developing regions.

Market Growth - Charcoal Market

The charcoal market is witnessing steady growth, driven by its versatile applications across energy, food, and industrial sectors. With a rising focus on eco-friendly energy sources and sustainable production methods, the market is set to expand globally in the coming years.

Growth Forecast Projected:

The Global Charcoal Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the Global Charcoal Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Key Segments:

➥ By Product: Lump Charcoal, Japanese Charcoal, Activated Charcoal, Charcoal Briquettes, Sugar Charcoal, Others
➥ By Application: Outdoor Activities, Restaurant Business, Metallurgical Fuel, Industrial Fuel, Filtration, Others

Speak to Our Analyst and Get Customization in the report as per your requirements:https://www.datamintelligence.com/customize/charcoal-market?sai-v

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.