Charcoal Market: Current Analysis and Forecast (2021-2027)
- UnivDatos Market Insight
- August 2021
- 164 pages
Increasing concern among governments and individuals to protect the environment, growing culture of barbeque food in Asia-Pacific countries, and growing utilization of charcoal in metallurgical industry to produce low-carbon contain metals are some of the factors which are supporting the market growth. Charcoal is made from the pyrolysis of organic material mainly wood. This charcoal found application in cooking fuel, heavy industry, purification and filtration, art, horticulture, pharmaceutical, smoking, automotive, and chemical, among others. This shows presence of vast serviceable market for charcoal. However, most the application area were halted due to COVID-19 which has provided hindrance to the demand of charcoal, globally. Many countries are dependent on import of charcoals, while some are totally exporter but owing to border closure, they were not able to operate affecting the demand of charcoal globally.
Based on type, the market is categorized into lump charcoal, charcoal briquette, Japanese charcoal, sugar charcoal, and others. Among these, lump charcoal captured the largest market share in 2020 and is expected to showcase significant growth rate during the forecast period. Low manufacturing intricacy and high application area are some of the factors of its largest market.
Based on application, the market is divided into, metallurgical fuel, cooking fuel, industrial, filtration, and others. Among these, metallurgical fuel and cooking fuel are two of the largest application area for the charcoal. Moreover, during forecast period, cooking fuel is likely to showcase considerable growth rate due to increasing demand of barbeque food in Asia-Pacific region.
North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Thailand, Rest of Asia-Pacific), and South America (Brazil, Argentina, Rest of South America), and Middle East & Africa (Nigeria, Ethiopia, Democratic Republic of Congo, Ghana, Tanzania, and Rest of Middle East & Africa). Currently, South America and Middle East and Africa are among the largest consumer of charcoal.
Some of the major players operating in the market are Kingsford Products Company LLC, Duraflame Inc., Royal Oak Enterprises LLC, E&C Charcoal (Pty) Ltd., Namchar (Pty) Ltd., Timber Charcoal Company LLC, BOM DE BRASA, Fogo Charcoal Company, Gryfskand Sp. z o.o, Aperam BioEnergia Ltd
Increasing concern among governments and individuals to protect the environment, growing culture of barbeque food in Asia-Pacific countries, and growing utilization of charcoal in metallurgical industry to produce low-carbon contain metals are some of the factors which are supporting the market growth.
Charcoal is made from the pyrolysis of organic material mainly wood. This charcoal found application in cooking fuel, heavy industry, purification and filtration, art, horticulture, pharmaceutical, smoking, automotive, and chemical, among others. This shows presence of vast serviceable market for charcoal. Further, increasing stringent regulation on heavy metal industry to decarbonize their operation is opening new opportunities for the charcoal as it offers high calorific value with very low carbon emission. Covid-19 has a negative impact on the charcoal market. Governments across the globe, took several necessary measures to curtail the spread of disease which resulted in full or partial lockdown in many nations resulted in factory shutdown and border closure, thus, halted the supply chain. Since, charcoal is used in many industrial processes as well as in hospitality industry for food preparation. All these industries witness the negative affect of COVID-19, thus affecting the demand of charcoal.
Insights Presented in the Report
“Amongst Type, Lump charcoal category dominated the market in 2020.”
Based on type, market is categorized into lump charcoal, charcoal briquette, Japanese charcoal, sugar charcoal, and others. Among these, lump charcoal category held the largest revenue share in 2020. Large application area and less manufacturing intricacy are two of the key attributable for its high demand. However, during forecast charcoal briquette category is likely to showcase fastest growth rate owing to increasing demand for barbeque food.
“Amongst Application, Metallurgical and Cooking Fuels categories dominated the market in 2020.”
Based on application, market is categorized into metallurgical fuel, cooking fuel, industrial, filtration, and others. Of all, metallurgical and cooking fuels categories are the largest consumers of charcoal. Large use of charcoal in heavy metal industries in South American countries like Brazil and tradition of barbecue in western economies are some of the factors for their large share in the pie.
“South America and Middle East & Africa are the largest consumers of Charcoal”
For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Thailand, Rest of Asia-Pacific), South America (Brazil, Argentina, Rest of South America), and Middle East & Africa (Nigeria, Ethiopia, Democratic Republic of Congo, Ghana, Tanzania, and Rest of Middle East & Africa). South America and Middle East & Africa dominates the market with a significant share of the pie. Rising concern to protect the environment from hazardous carbon emission and increasing population along with urbanization are driving the market of charcoal in these regions. Some of the major companies profiled in the report includes Kingsford Products Company LLC, Duraflame Inc., Royal Oak Enterprises LLC, E&C Charcoal (Pty) Ltd., Namchar (Pty) Ltd., Timber Charcoal Company LLC, BOM DE BRASA, Fogo Charcoal Company, Gryfskand Sp. z o.o, Aperam BioEnergia Ltda.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country level analysis of the industry
The Global Charcoal Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
- Kingsford Products Company LLC
- Duraflame Inc.
- Royal Oak Enterprises LLC
- E&C Charcoal (Pty) Ltd.
- Namchar (Pty) Ltd.
- Timber Charcoal Company LLC
- BOM DE BRASA
- Fogo Charcoal Company
- Gryfskand Sp. z o.o
- Aperam BioEnergia Ltda
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Table of Content
1 MARKET INTRODUCTION
1.4.Currency Used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1.Research Methodology for the Global Charcoal Market
2.1.1.Main Objective of the Global Charcoal Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL CHARCOAL MARKET AMID COVID-19
6 GLOBAL CHARCOAL MARKET VOLUME (KT), 2019-2027F
7 GLOBAL CHARCOAL MARKET REVENUE (USD BN), 2019-2027F
8 MARKET INSIGHTS BY TYPE
9 MARKET INSIGHTS BY APPLICATION
10 MARKET INSIGHTS BY REGION
10.1. North America Charcoal Market
10.1.1. United States
10.1.3. Rest of North America
10.2. Europe Charcoal Market
10.2.2. United Kingdom
10.2.5. Rest of Europe
10.3. Asia-Pacific Charcoal Market
10.3.5. Rest of Asia-Pacific
10.4. South America Charcoal Market
10.4.3. Rest of South America
10.5. Middle East & Africa Charcoal Market
10.5.2. Democratic Republic of Congo
10.5.5. Rest of Middle East & Africa
11 CHARCOAL MARKET DYNAMICS
12 CHARCOAL MARKET OPPORTUNITIES
13 CHARCOAL MARKET TRENDS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
15.1. Demand Side Analysis
15.2. Supply Side Analysis
15.2.1. Top Product Launches
15.2.2. Top Business Partnerships
15.2.3. Top Business Expansions, Investments and Divestitures
15.2.4. Top Merger and Acquisitions
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
17.1.Porter’s Five Forces Analysis
17.1.1. Bargaining power of Supplier
17.1.2. Bargaining power of Buyer
17.1.3. Industry Rivalry
17.1.4. Availability of Substitute
17.1.5. Threat of new Entrants
17.2. Competitive Landscape
17.2.1. Company Shares, By Revenue
18 COMPANY PROFILED
18.1. Kingsford Products Company LLC
18.2. Duraflame Inc.
18.3. Royal Oak Enterprises LLC
18.4. E&C Charcoal (Pty) Ltd.
18.5. Namchar (Pty) Ltd.
18.6. Timber Charcoal Company LLC
18.7. BOM DE BRASA
18.8. Fogo Charcoal Company
18.9. Gryfskand Sp. z o.o
18.10. Aperam BioEnergia Ltda.
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