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 2021.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 have high demand in the global market. In 2021, the global charcoal market was US$ 7.72 Bn and expected to grow with a CAGR of 4.2% from 2022 to 2030.
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.Regional Analysis
Latin America captured the major share owing to industrial growth
Latin America is the largest market for the charcoal market in 2021. 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.
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.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Charcoal market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Charcoal market and their expected impact during the forecast period.
Market Segmentation
Type
- Lump
- Briquette
- Binchotan
- Coconut
- Others (Mangrove, Shisha, Sawdust, Root, etc.)
End-use
- Metallurgy
- Barbecue
- Industrial
- Filtration
- Others (Medical, Pharma, Horticulture, etc.)
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Charcoal market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Charcoal market?
- Which is the largest regional market for Charcoal market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Charcoal market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Charcoal market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Charcoal Market
2.2. Global Charcoal Market, By Type, 2021 (US$ Million)
2.3. Global Charcoal Market, By End-use, 2021 (US$ Million)
2.4. Global Charcoal Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021
3. Charcoal Market: Competitive Analysis
3.1. Market Positioning of Key Charcoal Market Vendors
3.2. Strategies Adopted by Charcoal Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030
4. Charcoal Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Charcoal Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Charcoal Market: By Type, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Lump
5.3.2. Briquette
5.3.3. Binchotan
5.3.4. Coconut
5.3.5. Others (Mangrove, Shisha, Sawdust, Root, etc.)
6. Charcoal Market: By End-use, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Metallurgy
6.3.2. Barbecue
6.3.3. Industrial
6.3.4. Filtration
6.3.5. Others (Medical, Pharma, Horticulture, etc.)
7. North America Charcoal Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Charcoal Market: By Type, 2020-2030, USD (Million)
7.3. Charcoal Market: By End-use, 2020-2030, USD (Million)
7.4.Charcoal Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Charcoal Market: By Type, 2020-2030, USD (Million)
7.4.1.1.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Charcoal Market: By Type, 2020-2030, USD (Million)
7.4.1.2.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Charcoal Market: By Type, 2020-2030, USD (Million)
7.4.1.3.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
8. UK and European Union Charcoal Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Charcoal Market: By Type, 2020-2030, USD (Million)
8.3. Charcoal Market: By End-use, 2020-2030, USD (Million)
8.4.Charcoal Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Charcoal Market: By Type, 2020-2030, USD (Million)
8.4.1.1.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Charcoal Market: By Type, 2020-2030, USD (Million)
8.4.1.2.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Charcoal Market: By Type, 2020-2030, USD (Million)
8.4.1.3.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Charcoal Market: By Type, 2020-2030, USD (Million)
8.4.1.4.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. Charcoal Market: By Type, 2020-2030, USD (Million)
8.4.1.5.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Charcoal Market: By Type, 2020-2030, USD (Million)
8.4.1.6.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
9. Asia Pacific Charcoal Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Charcoal Market: By Type, 2020-2030, USD (Million)
9.3. Charcoal Market: By End-use, 2020-2030, USD (Million)
9.4.Charcoal Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Charcoal Market: By Type, 2020-2030, USD (Million)
9.4.1.1.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Charcoal Market: By Type, 2020-2030, USD (Million)
9.4.1.2.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. Charcoal Market: By Type, 2020-2030, USD (Million)
9.4.1.3.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Charcoal Market: By Type, 2020-2030, USD (Million)
9.4.1.4.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Charcoal Market: By Type, 2020-2030, USD (Million)
9.4.1.5.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Charcoal Market: By Type, 2020-2030, USD (Million)
9.4.1.6.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
10. Latin America Charcoal Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Charcoal Market: By Type, 2020-2030, USD (Million)
10.3. Charcoal Market: By End-use, 2020-2030, USD (Million)
10.4.Charcoal Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Charcoal Market: By Type, 2020-2030, USD (Million)
10.4.1.1.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Charcoal Market: By Type, 2020-2030, USD (Million)
10.4.1.2.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Charcoal Market: By Type, 2020-2030, USD (Million)
10.4.1.3.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
11. Middle East and Africa Charcoal Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Charcoal Market: By Type, 2020-2030, USD (Million)
11.3. Charcoal Market: By End-use, 2020-2030, USD (Million)
11.4.Charcoal Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Charcoal Market: By Type, 2020-2030, USD (Million)
11.4.1.1.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Charcoal Market: By Type, 2020-2030, USD (Million)
11.4.1.2.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Charcoal Market: By Type, 2020-2030, USD (Million)
11.4.1.3.1. Charcoal Market: By End-use, 2020-2030, USD (Million)
12. Company Profile
12.1. Duraflame, Inc.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Royal Oak Enterprises, LLC.
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. BRICAPAR SA
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Timber Charcoal Company LLC
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Sagar Charcoal and Firewood Depot.
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Namchar
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Mesjaya Sdn Bhd
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Gryfskand sp. Z o. O.
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. MAUROBERA SA
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Kingsford Products Company
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
List of Figures
Figure 1 Global Charcoal Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Charcoal Market: Quality Assurance
Figure 5 Global Charcoal Market, By Type, 2021
Figure 6 Global Charcoal Market, By End-use, 2021
Figure 7 Global Charcoal Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Charcoal Market, 2021
Figure 9 Market Positioning of Key Charcoal Market Players, 2021
Figure 10 Global Charcoal Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Charcoal Market, By Type, 2021 Vs 2030, %
Figure 12 Global Charcoal Market, By End-use, 2021 Vs 2030, %
Figure 13 U.S. Charcoal Market (US$ Million), 2020 - 2030
Figure 14 Canada Charcoal Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America Charcoal Market (US$ Million), 2020 - 2030
Figure 16 UK Charcoal Market (US$ Million), 2020 - 2030
Figure 17 Germany Charcoal Market (US$ Million), 2020 - 2030
Figure 18 Spain Charcoal Market (US$ Million), 2020 - 2030
Figure 19 Italy Charcoal Market (US$ Million), 2020 - 2030
Figure 20 France Charcoal Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe Charcoal Market (US$ Million), 2020 - 2030
Figure 22 China Charcoal Market (US$ Million), 2020 - 2030
Figure 23 Japan Charcoal Market (US$ Million), 2020 - 2030
Figure 24 India Charcoal Market (US$ Million), 2020 - 2030
Figure 25 Australia Charcoal Market (US$ Million), 2020 - 2030
Figure 26 South Korea Charcoal Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia Charcoal Market (US$ Million), 2020 - 2030
Figure 28 Brazil Charcoal Market (US$ Million), 2020 - 2030
Figure 29 Mexico Charcoal Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America Charcoal Market (US$ Million), 2020 - 2030
Figure 31 GCC Charcoal Market (US$ Million), 2020 - 2030
Figure 32 Africa Charcoal Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa Charcoal Market (US$ Million), 2020 - 2030
List of Tables
Table 1 Global Charcoal Market By Type, 2020-2030, USD (Million)
Table 2 Global Charcoal Market By End-use, 2020-2030, USD (Million)
Table 3 North America Charcoal Market By Type, 2020-2030, USD (Million)
Table 4 North America Charcoal Market By End-use, 2020-2030, USD (Million)
Table 5 U.S. Charcoal Market By Type, 2020-2030, USD (Million)
Table 6 U.S. Charcoal Market By End-use, 2020-2030, USD (Million)
Table 7 Canada Charcoal Market By Type, 2020-2030, USD (Million)
Table 8 Canada Charcoal Market By End-use, 2020-2030, USD (Million)
Table 9 Rest of North America Charcoal Market By Type, 2020-2030, USD (Million)
Table 10 Rest of North America Charcoal Market By End-use, 2020-2030, USD (Million)
Table 11 UK and European Union Charcoal Market By Type, 2020-2030, USD (Million)
Table 12 UK and European Union Charcoal Market By End-use, 2020-2030, USD (Million)
Table 13 UK Charcoal Market By Type, 2020-2030, USD (Million)
Table 14 UK Charcoal Market By End-use, 2020-2030, USD (Million)
Table 15 Germany Charcoal Market By Type, 2020-2030, USD (Million)
Table 16 Germany Charcoal Market By End-use, 2020-2030, USD (Million)
Table 17 Spain Charcoal Market By Type, 2020-2030, USD (Million)
Table 18 Spain Charcoal Market By End-use, 2020-2030, USD (Million)
Table 19 Italy Charcoal Market By Type, 2020-2030, USD (Million)
Table 20 Italy Charcoal Market By End-use, 2020-2030, USD (Million)
Table 21 France Charcoal Market By Type, 2020-2030, USD (Million)
Table 22 France Charcoal Market By End-use, 2020-2030, USD (Million)
Table 23 Rest of Europe Charcoal Market By Type, 2020-2030, USD (Million)
Table 24 Rest of Europe Charcoal Market By End-use, 2020-2030, USD (Million)
Table 25 Asia Charcoal Market By Type, 2020-2030, USD (Million)
Table 26 Asia Charcoal Market By End-use, 2020-2030, USD (Million)
Table 27 China Charcoal Market By Type, 2020-2030, USD (Million)
Table 28 China Charcoal Market By End-use, 2020-2030, USD (Million)
Table 29 Japan Charcoal Market By Type, 2020-2030, USD (Million)
Table 30 Japan Charcoal Market By End-use, 2020-2030, USD (Million)
Table 31 India Charcoal Market By Type, 2020-2030, USD (Million)
Table 32 India Charcoal Market By End-use, 2020-2030, USD (Million)
Table 33 Australia Charcoal Market By Type, 2020-2030, USD (Million)
Table 34 Australia Charcoal Market By End-use, 2020-2030, USD (Million)
Table 35 South Korea Charcoal Market By Type, 2020-2030, USD (Million)
Table 36 South Korea Charcoal Market By End-use, 2020-2030, USD (Million)
Table 37 Latin America Charcoal Market By Type, 2020-2030, USD (Million)
Table 38 Latin America Charcoal Market By End-use, 2020-2030, USD (Million)
Table 39 Brazil Charcoal Market By Type, 2020-2030, USD (Million)
Table 40 Brazil Charcoal Market By End-use, 2020-2030, USD (Million)
Table 41 Mexico Charcoal Market By Type, 2020-2030, USD (Million)
Table 42 Mexico Charcoal Market By End-use, 2020-2030, USD (Million)
Table 43 Rest of Latin America Charcoal Market By Type, 2020-2030, USD (Million)
Table 44 Rest of Latin America Charcoal Market By End-use, 2020-2030, USD (Million)
Table 45 Middle East and Africa Charcoal Market By Type, 2020-2030, USD (Million)
Table 46 Middle East and Africa Charcoal Market By End-use, 2020-2030, USD (Million)
Table 47 GCC Charcoal Market By Type, 2020-2030, USD (Million)
Table 48 GCC Charcoal Market By End-use, 2020-2030, USD (Million)
Table 49 Africa Charcoal Market By Type, 2020-2030, USD (Million)
Table 50 Africa Charcoal Market By End-use, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Charcoal Market By Type, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Charcoal Market By End-use, 2020-2030, USD (Million)
Companies Mentioned
- Duraflame Inc.
- Royal Oak Enterprises LLC.
- BRICAPAR SA
- Timber Charcoal Company LLC
- Sagar Charcoal
- Firewood Depot.
- Namchar
- Mesjaya Sdn Bhd
- Gryfskand sp. Z o. O.
- MAUROBERA SA
- Kingsford Products Company
