Charcoal Market: Global Industry Analysis and Forecast (2023-2029) Size, Share, Growth, Trend
The Charcoal Market size was valued at US$ 6.19 Bn. in 2022. Global Charcoal Market is estimated to grow at a CAGR of 1.8% over the forecast period.
Format : PDF | Report ID : SMR_480
Charcoal Market Overview:
Charcoal is a light, black carbon residue made by incomplete combustion of wood, animal, or plant matter. In the activation process, the charcoal is heated and then steam or chemically treated to remove any substances that have attached to it and break it down into finer particles. The product is widely employed in industrial activities and is mostly used for outdoor cooking.
Charcoal Market Dynamics:
The growing industrial wastewater, which has a growing demand for substantial charcoal for water purification, is one of the primary drivers for the global charcoal market. Aside from that, the charcoal market is driven by the adoption of barbequed settings in recreational cooking. In addition, the government's initiative to regulate and monitor deforestation has slowed the growth of the market.
A notable trend in the charcoal market is the increased popularity of grilled cuisine, owing to changes in lifestyle and the adoption of novel cooking methods. Increased consumption of barbecued food in a live cooking scenario, aided by a lively atmosphere, a wide buffet spread, and great music. Barbecue restaurants serve slow-cooked pig shoulders, briskets, chicken thighs, and spare ribs. As a result, the number of these restaurants in developing nations like India and China, where grilled cuisine is becoming increasingly popular, is rapidly growing.
The planned substitution of charcoal for coal in silicon production in order to reduce carbon dioxide emissions is a potential growth opportunity for charcoal market participants. Companies like Elkem ASA and Simcoa Operations Pty. Ltd. are currently employing charcoal in their manufacturing processes, and research is underway to develop technologies that will allow coal to be totally replaced with charcoal without compromising product quality.
Activated charcoal is in great demand in the pharmaceutical and healthcare industries due to its detoxifying properties, which is driving charcoal market growth. The chemical could be used to cleanse contaminants from the human body, and charcoal powder could be utilized to treat a drug overdose or poisoning. Charcoal's therapeutic properties are driving up demand even more. In addition, the growing demand for activated charcoal water purifiers, which have excellent absorbent characteristics, is a major driver for the charcoal business. Additionally, increased consumer awareness of water waste, rising demand for potable water, and the low cost of charcoal present profitable potential for industry participants.
However, environmental issues such as deforestation, as well as tight government regulation, are projected to stifle industry expansion. Consumer awareness and desire for ecologically friendly products are expected to provide a challenge to the charcoal market.
Charcoal Market Segment Analysis:
By Type, the Charcoal Market is segmented into Lump Charcoal, Charcoal Briquettes, Japanese Charcoal, Sugar Charcoal, and Others. The Lump Charcoal segment dominated the market share by 36% in 2020. The segment growth is attributed to its advantages of quick-burning and reaching a higher temperature rate with relatively little carbon emission and high calorific value compared to other charcoal kinds. Lump charcoal has been adopted in the end-user industry as a result of this reason, and it is expected to rise over the forecast period.
By Application, the Charcoal Market is segmented into Metallurgical Fuel, Barbeque, Filtration, Healthcare, Construction, and Others. The Barbeque segment dominated the market share by 38% in 2020. The segment growth is attributed to the rising use of charcoal in barbecued food and food consumption in a grilled cooking setting, the food and agricultural business. Aside from that, because of its absorbent characteristics, charcoal is in high demand due to the rising demand for potable drinking water and raising awareness about water waste.
The Healthcare segment is expected to witness significant growth at a CAGR of 2.1% during the forecast period. It's mostly used to treat poisoning and medication overdoses, both prescription and over-the-counter. Charcoal is thought to help decrease cholesterol levels by scientists and professionals all around the world. Charcoal absorbs fat and bile acids from high-fat diets, allowing fat to be absorbed more quickly from the stomach, which in turn, expected to boost the segment growth in the charcoal market.
Charcoal Market Regional Insights:
The Asia Pacific region has dominated the charcoal market with a 36% share in 2020. In Asia's emerging countries including India and China, charcoal has long been a popular item. The market in the region is growing as a result of the growth of the steel sector and the increased demand for wastewater treatment, among other factors. China accounted for the largest share of the market in terms of consumption in 2020.
The North American region is expected to witness significant growth at a CAGR of 1.8% during the forecast period. The United States has been the leading contributor to the North American charcoal market in recent years, and this trend is expected to continue in the forecast period. Barbecue has grown in popularity in the United States, with its origins in the technique of cooking meals over an open flame, which was popular among the continent's original.
The objective of the report is to present a comprehensive analysis of the Global Charcoal Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Charcoal Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the global market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Global Charcoal Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Blockchain in the Energy Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Charcoal Market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Global Charcoal Market. The report also analyses if the Global Charcoal Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Charcoal Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Blockchain in the Energy Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Blockchain in the Energy Market is aided by legal factors.
Charcoal Market Scope:
Charcoal Market Scope
Market Size in 2022
USD 6.19 Bn.
Market Size in 2029
USD 7.02 Bn.
North America- United States, Canada, and Mexico
Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe
Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC
Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa
South America – Brazil, Argentina, Rest of South America
Charcoal Market Key Players:
- Gryfskand sp. z o.o.
- Jumbo Charcoal (Pty) Ltd
- Sagar Charcoal and Firewood Depot
- Ignite International, Ltd
- Sichuan Shuangli Yonghui Tanye
- The Clorox Company
- COAL SAO MANOEL
- Paraguay Charcoal
- Vina Global Imex Co., LTD
- Namco charcoal, Crunchbase Inc
- Duraflame, Inc
- Royal Oak Enterprises, LLC
- Timber Charcoal Company LLC
- Mesjaya Sdn Bhd
- MAUROBERA S.A.
- Kingsford Products Company
Frequently Asked Questions
The segments covered in the Charcoal Market report are based on Type and Application.
The Asia Pacific region is expected to hold the highest share in the Charcoal Market.
The market size of the Charcoal Market by 2029 is expected to reach at US$ 7.02 Bn.
The forecast period for the Charcoal Market is 2023-2029.
The market size of the Charcoal Market in 2022 was valued at US$ 6.19 Bn.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global Automotive Fuel Cell Market: Target Audience
2.3. Global Automotive Fuel Cell Market: Primary Research (As per Client Requirement)
2.4. Global Automotive Fuel Cell Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Region, 2022-2029(In %)
4.1.1. North America Market Share Analysis, By Value, 2022-2029 (In %)
4.1.2. Europe Market Share Analysis, By Value, 2022-2029 (In %)
4.1.3. Asia Pacific Market Share Analysis, By Value, 2022-2029 (In %)
4.1.4. South America Market Share Analysis, By Value, 2022-2029 (In %)
4.1.5. Middle East and Africa Market Share Analysis, By Value, 2022-2029 (In %)
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.2. Market Restraints
4.2.3. Market Opportunities
4.2.4. Market Challenges
4.2.5. PESTLE Analysis
4.2.6. PORTERS Five Force Analysis
4.2.7. Value Chain Analysis
4.3. Global Automotive Fuel Cell Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.3.1. Global Market Share Analysis, By Type, 2022-2029 (Value US$ MN)
188.8.131.52. Lump Charcoal
184.108.40.206. Charcoal Briquettes
220.127.116.11. Japanese Charcoal
18.104.22.168. Sugar Charcoal
4.3.2. Global Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
22.214.171.124. Metallurgical Fuel
4.4. North America Automotive Fuel Cell Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.4.1. North America Market Share Analysis, By Type, 2022-2029 (Value US$ MN)
126.96.36.199. Lump Charcoal
188.8.131.52. Charcoal Briquettes
184.108.40.206. Japanese Charcoal
220.127.116.11. Sugar Charcoal
4.4.2. North America Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
18.104.22.168. Metallurgical Fuel
4.4.3. North America Market Share Analysis, By Country, 2022-2029 (Value US$ MN)
4.5. Europe Automotive Fuel Cell Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.5.1. Europe Market Share Analysis, By Type, 2022-2029 (Value US$ MN)
4.5.2. Europe Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
4.5.3. Europe Market Share Analysis, By Country, 2022-2029 (Value US$ MN)
22.214.171.124. Rest Of Europe
4.6. Asia Pacific Automotive Fuel Cell Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.6.1. Asia Pacific Market Share Analysis, By Type, 2022-2029 (Value US$ MN)
4.6.2. Asia Pacific Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
4.6.4. Asia Pacific Market Share Analysis, By Country, 2022-2029 (Value US$ MN)
126.96.36.199. South Korea
188.8.131.52. Rest Of APAC
4.7. South America Automotive Fuel Cell Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.7.1. South America Market Share Analysis, By Type, 2022-2029 (Value US$ MN)
4.7.2. South America Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
4.7.3. US$ MN)
4.7.4. South America Market Share Analysis, By Country, 2022-2029 (Value US$ MN)
184.108.40.206. Rest Of South America
4.8. Middle East and Africa Automotive Fuel Cell Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.8.1. Middle East and Africa Market Share Analysis, By Type, 2022-2029 (Value US$ MN)
4.8.2. Middle East and Africa Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
4.8.3. Middle East and Africa Market Share Analysis, By Country, 2022-2029 (Value US$ MN)
220.127.116.11. South Africa
18.104.22.168. Rest Of ME&A
Chapter 5 Stellar Competition Matrix
5.1. Global Stellar Competition Matrix
5.2. North America Stellar Competition Matrix
5.3. Europe Stellar Competition Matrix
5.4. Asia Pacific Stellar Competition Matrix
5.5. South America Stellar Competition Matrix
5.6. Middle East and Africa Stellar Competition Matrix
5.7. Key Players Benchmarking
5.7.1. Key Players Benchmarking by Application, Pricing, Market Share, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
5.8. Mergers and Acquisitions in Industry
5.8.1. M&A by Region, Value, and Strategic Intent
Chapter 6 Company Profiles
6.1. Key Players
6.1.1. Gryfskand sp. z o.o.
22.214.171.124. Company Overview
126.96.36.199. Source Portfolio
188.8.131.52. Financial Overview
184.108.40.206. Business Strategy
220.127.116.11. Key Developments
6.1.3. Jumbo Charcoal (Pty) Ltd
6.1.4. Sagar Charcoal and Firewood Depot
6.1.5. Ignite International, Ltd
6.1.6. Sichuan Shuangli Yonghui Tanye
6.1.7. The Clorox Company
6.1.8. COAL SAO MANOEL
6.1.9. Paraguay Charcoal
6.1.10. Vina Global Imex Co., LTD
6.1.11. Namco charcoal, Crunchbase Inc
6.1.12. Duraflame, Inc
6.1.13. Royal Oak Enterprises, LLC
6.1.14. Timber Charcoal Company LLC
6.1.16. Mesjaya Sdn Bhd
6.1.17. MAUROBERA S.A.
6.1.18. Kingsford Products Company
6.2. Key Findings