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Charcoal Market By Charcoal Type (Lump, Briquettes, Binchotan (White Charcoal), Coconut, Others (Mangrove, Shisha, Sawdust, Root, etc.)), By End-use (Metallurgy, Barbecue, Industrial, Filtration, Others (Medical, Pharma, Horticulture, etc.)) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Key Market Insights

"Increasing applications of charcoal from food to filtration is keeping the market growing"

With the growing urbanization and industrialization across the globe, there are many environmental challenges pop-up in the world. With the stringent environmental laws for treating industrial wastewater, there is a high demand for charcoal. Also, a new trend of barbecued food created ample opportunities for charcoal manufacturers in the recent past. Moreover, to minimize the carbon dioxide emission while producing silicon, industries are opting for charcoal instead of coal as earlier. This has provided a good opportunity for the market to grow in 2018. 

Along with the above market scenario, charcoal is widely used in urban areas because of its advantages such as high calorific value than firewood. Easy transportation over long distances and less room for storage, smokeless, sulfur-free made it the ideal choice of barbecues across the world to opt for charcoal for use in their BBQs. Moreover, unlike firewood, charcoal is not deteriorated by fungi or insects. Such benefits offered by charcoal has high demand in the global market. In 2018, the global charcoal market was US$ 6.86 Bn and expected to grow with a CAGR of 4.2% from 2019 to 2027. 

Market Snapshot

Charcoal Market 

End-use Analysis

"Major share of charcoal market is gained by metallurgical industry" 

Increasing demand from the steel industry has an impact on the charcoal market. Charcoal is widely used in the metallurgical industry on account of its advantages such as clean fuel, high thermal efficiency, low cost, and investment.  Along with it, the previously used coke during iron and steel making brought smoke and other pollutants and with the stringent environmental norms, the demand for charcoal in metallurgical applications has further increased from the last few years. 

Charcoal Market

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Regional Analysis

"Latin America captured the major share owing to industrial growth"

Latin America is the largest market for the charcoal market in 2018. The regional charcoal market is driven by rapid industrialization, booming construction industry along with cement production and an increase in several barbecue restaurants. With the growth of steel, automotive, construction, and infrastructure industries in Brazil, and Mexico, there is a high demand for charcoal in the region.

Additionally, in the Middle East and Africa, there is a growing demand for charcoal from an increasing number of barbecues; which in turn, further drives the market in 2018. Overall, the rest of the world region, consisting Latin America and MEA, captured over 30% share of the global charcoal market in 2018.

Charcoal Market

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"Emerging partnership trend is keeping the market competitive"

The overall charcoal market is fragmented and market players are focusing on partnership with other market players to bolster their market position. Following is the list of companies covered in this report.

Key Industry Development:

  • In May 2017, Kingsford Products Company filed a government petition to make barbecue ribs a national food across North America. Along with this, the company introduced Kingsford Long Burning briquettes that last almost 25% longer, than Kingsford Original. With this launch, the company expected to improve its market share in the region in the coming years.
  • In September 2017, CBQ, LLC, a subsidiary of Carl Buddig & Company, collaborated with Kingsford Products Company, a subsidiary of the Clorox Company for producing ribs that are cooked in advanced and barbecue entrees. With this multiyear agreement, both companies desired to capture good share in barbecued food category market. 

List of Companies Covered:

  • Duraflame, Inc.
  • Royal Oak Enterprises, LLC.
  • BRICAPAR SA
  • Timber Charcoal Company LLC
  • Sagar Charcoal and Firewood Depot.
  • Namchar
  • Mesjaya Sdn Bhd
  • Gryfskand sp. Z o. O.
  • MAUROBERA SA
  • Kingsford Products Company
  • Others 

Charcoal Market

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Market Segmentation

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Charcoal Type Segment (2017-2027; US$ Bn)
 • Lump
 • Briquettes
 • Binchotan (White Charcoal)
 • Coconut
 • Others (Mangrove, Shisha, Sawdust, Root, etc.)

 End-use Segment (2017-2027; US$ Bn)
 • Metallurgy
 • Barbecue
 • Industrial
 • Filtration
 • Others (Medical, Pharma, Horticulture, etc.)

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the global charcoal market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Unique data points of this report

  • Recent trends across different regions in terms of development of charcoal market
  • Attractive investment proposition for application segment as well as geography

Key questions answered in this report

  • What was the market size of charcoal market in 2018 and forecast up to 2027?
  • What are the key factors driving the global charcoal market?
  • What are the key market trends and high-growth opportunities observed in the charcoal market?
  • Which is the largest regional market for charcoal market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the charcoal market?
  • What are the key strategies adopted by the leading players operating in the market?
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Published Date:  Jan 2020
Category:  Energy
Report ID:   60148
Report Format:   PDF
Pages:   120
Rating:    4.4 (58)
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