Charcoal Market: Industry Analysis and Forecast 2021-2027: By Type, Application, Distribution Channel and Region.

Charcoal Market is anticipated to reach US$ 6.80 Bn. by 2027 from US$ 5.88 Bn. in 2020 at a CAGR of 1.8 % during a forecast period.

Charcoal Market Overview:

Charcoal is a light, black carbon residue formed 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 contaminants that have attached to it and break it down into finer particles. The product is widely employed in industrial operations and is mostly used for outdoor cooking. The growth of the charcoal market is being analysed in this research due to increased demand in many applications such as building and construction, industrial filtration, recreational cooking, metal manufacturing, pharmaceutical, and healthcare. Region wise, in 2019, the Asia Pacific market accounted for the greatest market share, and it is expected to increase at a rate of 2.1 percent during the forecast period. Charcoal Market To know about the Research Methodology :- Request Free Sample Report In report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Charcoal Market Dynamics

One of the primary important factors driving the charcoal market growth in the forecast period is the increasing demand for charcoal in the building and construction sector due to its varied uses, such as the usage of charcoal as a binder in lightweight concrete. The growth of the charcoal market is also influenced by increased demand in metal manufacturing due to its high heating capability. Because of its detoxifying capabilities, activated charcoal is in high demand in the pharmaceutical and healthcare industries, which promotes market growth. The substance might be used to clear the human body of pollutants, and charcoal powder could be employed in the event of a drug overdose or poisoning. The medicinal benefits of charcoal are driving up demand even more. Additionally, the increasing demand for activated charcoal water purifiers due to their great absorbent properties works as a key driver for the charcoal industry. Furthermore, increased consumer awareness of water waste, rising demand for potable water, and the affordability of charcoal provide market participants with profitable opportunities. The rising popularity of barbecued cuisine, owing to changes in lifestyle and the adoption of new cooking methods, is a prominent trend in the charcoal market. Increased intake of barbecued food in a live cooking scenario, which was enhanced by a lively environment, a large buffet spread, and terrific music. Slow-cooked pig shoulders, briskets, chicken thighs, and spare ribs are all offered in barbecue establishments. As a result, the number of these restaurants is rapidly increasing in developing countries such as India and China, where barbecued cuisine is becoming increasingly popular. Opportunities: The planned substitution of charcoal for coal in silicon production to reduce carbon dioxide emissions is a lucrative growth opportunity for charcoal market players. Restraints: Environmental problems over deforestation, as well as strict government control, are expected to hamper the market growth. The market is expected to be challenged by rising consumer awareness and desire for environmentally friendly products.

Charcoal Market Segmentation Analysis

By Type, in 2020 both volume and value dominated the lump charcoal market. When compared to other charcoal kinds, lump charcoal burns faster, generates less ash, and reaches a higher temperature. Despite its greater cost than charcoal briquettes, end consumers prefer it because of its high calorific value and low ash content. By Application, Barbecue was the most popular segment in the charcoal market in 2020, and it is expected to grow at an xx% throughout the forecast period. This is because to the fact that charcoal is used in barbeque to improve the flavor of the dish. It's also great for high-heat cooking because it can achieve temperatures between 260 and 370 degrees Celsius. In the forecast period, the usage of charcoal in the healthcare industry is expected to grow at a pace of 2.1 percent. It is primarily used to treat poisoning, as well as overdoses of prescription and over-the-counter medications. Charcoal is thought to be effective in lowering cholesterol levels by scientists and experts all over the world. Food with a high-fat content and bile acids are absorbed by the charcoal, which aids fat absorption from the stomach.

Charcoal Market Regional Insight

In 2019, the Asia Pacific market accounted for the greatest market share, and it is expected to increase at a rate of 2.1 percent during the forecast period. Charcoal has long been a popular commodity in Asia's developing nations. The region's market is growing as a result of the steel industry's growth and the growing need for wastewater treatment, among other factors. In terms of consumption, China accounted for the greatest share of the market in 2019. In the forecast period, the North American market is expected to increase at a rate of 1.0 percent. Increased government regulatory regulations are expected to restrict the market growth in the next years. Through recently, the United States has been the largest contributor to the North American charcoal market, and this trend is expected to continue during the forecast period. Barbecue has become one of the most popular culinary ideologies in the United States, with its roots in the technique of cooking meals over an open flame, which was popular among the continent's natives. Industrialization, rising cement output, and growth in the food business, fuelled mostly by the rising popularity of grilled cuisine, are all driving market growth in Latin America. Due to a growth in the production of steel, iron, and other metals, Brazil is expected to top the LATAM market in 2020, producing revenue of almost $2.0 billion. The charcoal market in MEA is expected to grow at the quickest rate, owing to rising demand for charcoal for barbeque applications and rising urbanization in the region. Charcoal demand for barbecue is primarily limited to middle-income families on the African continent, whereas demand for charcoal for barbecue and shisha is significant in Middle Eastern countries. The growing usage of charcoal in a wide variety of end-use applications, such as barbeque cooking, cement manufacture, power generation, and industrial manufacturing, is likely to propel South Africa to the top of the MEA charcoal market throughout the forecast period. Charcoal Market by Regional

Report Objectives:

• Landscape analysis of the Charcoal Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • Potential impact of micro-economic factors of the market • External and Internal factors affecting market have been analyzed The report also helps in understanding the Charcoal Market dynamics, structure by analysing the market segments and project the Charcoal Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Charcoal Market make the report investor’s guide.

Charcoal Market Scope: Inquire before buying

Charcoal Market by Scope

Charcoal Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Charcoal Market: Key Players

• 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 • Duraflame, Inc • Royal Oak Enterprises, LLC • Timber_Charcoal_Company_LLC • NAMCHAR • Mesjaya Sdn Bhd • MAUROBERA S.A. • Kingsford Products Company

Frequently Asked Questions

1. What is the projected market size & growth rate of Charcoal Market? Ans- Charcoal Market was valued at USD 5.88 billion in 2020 and is projected to reach USD 6.80billion by 2027, growing at a CAGR of 1.8 % during the forecast period. 2. What is the key driving factor for the growth of Charcoal Market? Ans- One of the primary important factors driving the charcoal market growth in the forecast period is the increasing demand for charcoal in the building and construction sector due to its varied uses, such as the usage of charcoal as a binder in lightweight concrete. 3. Which Regions accounted for the largest Charcoal Market share? Ans- In 2019, the Asia Pacific market accounted for the greatest market share, and it is expected to increase at a rate of 2.1 percent during the forecast period. 4. What makes MEA a Lucrative Market for Charcoal Market? Ans- The charcoal market in MEA is expected to grow at the quickest rate, owing to rising demand for charcoal for barbeque applications and rising urbanization in the region. 5. What are the top players operating in Charcoal Market? Ans- 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, and The Clorox Company.
1. Global Charcoal Market: Research Methodology 2. Global Charcoal Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Charcoal Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Charcoal Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Charcoal Market Segmentation 4.1 Global Charcoal Market, by Type (2020-2027) • Lump Charcoal • Charcoal Briquettes • Japanese Charcoal • Sugar Charcoal • Others 4.2 Global Charcoal Market, by Application (2020-2027) • Metallurgical Fuel • Barbeque • Filtration • Healthcare • Construction • Others 4.3 Global Charcoal Market, by Distribution Channel (2020-2027) • Online • Offline 5. North America Charcoal Market(2020-2027) 5.1 Global Charcoal Market, by Type (2020-2027) • Lump Charcoal • Charcoal Briquettes • Japanese Charcoal • Sugar Charcoal • Others 5.2 Global Charcoal Market, by Application (2020-2027) • Metallurgical Fuel • Barbeque • Filtration • Healthcare • Construction • Others 5.3 Global Charcoal Market, by Distribution Channel (2020-2027) • Online • Offline 5.4 North America Charcoal Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Charcoal Market (2020-2027) 6.1. Asia Pacific Charcoal Market, by Type (2020-2027) 6.2. Asia Pacific Charcoal Market, by Application (2020-2027) 6.2. Asia Pacific Charcoal Market, by Distribution Channel (2020-2027) 6.2. Asia Pacific Charcoal Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Charcoal Market (2020-2027) 7.1 Middle East and Africa Charcoal Market, by Type (2020-2027) 7.2. Middle East and Africa Charcoal Market, by Application (2020-2027) 7.2. Middle East and Africa Charcoal Market, by Distribution Channel (2020-2027) 7.4. Middle East and Africa Charcoal Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Charcoal Market (2020-2027) 8.1. Latin America Charcoal Market, by Type (2020-2027) 8.2. Latin America Charcoal Market, by Application (2020-2027) 8.2. Latin America Charcoal Market, by Distribution Channel (2020-2027) 8.4 Latin America Charcoal Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Charcoal Market (2020-2027) 9.1. European Charcoal Market, by Type (2020-2027) 9.2. European Charcoal Market, by Application (2020-2027) 9.3. European Charcoal Market, by Distribution Channel (2020-2027) 9.4. European Charcoal Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Sinopec Corp. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Plantar Siderurgica S/A 10.3. Gryfskand sp. z o.o. 10.4. MATSURI.CO.TH, Jumbo Charcoal (Pty) Ltd 10.5. Sagar Charcoal And Firewood Depot 10.6. Ignite International, Ltd 10.7. Sichuan Shuangli Yonghui Tanye 10.8. The Clorox Company 10.9. COAL SÃO MANOEL 10.10. Paraguay Charcoal 10.11. Vina Global Imex Co., LTD 10.12. Namco charcoal, Crunchbase Inc 10.13. Duraflame, Inc 10.14. Royal Oak Enterprises, LLC 10.15. Timber_Charcoal_Company_LLC 10.16. NAMCHAR 10.17. Mesjaya Sdn Bhd 10.18. MAUROBERA S.A. 10.19. Kingsford Products Company

About This Report

Report ID126297
Category Energy & Power
Published DateNov 2021
Updated Date
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