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Charcoal Market Report and Forecast 2024-2032

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    Report

  • 155 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921343
According to the report, the global charcoal market is projected to grow at a CAGR of 4.20% between 2024 and 2032 reaching a value of approximate USD 10.33 billion by 2032. Aided by the rising demand for sustainable and eco-friendly energy sources, alongside the versatile applications of charcoal in several sectors, the market is expected to grow significantly by 2032.

Charcoal, a carbon-rich and lightweight black residue, is obtained by removing water and other volatile constituents from animal and plant materials. It has traditionally been utilised as a fuel in many regions, being favoured for its ability to produce a hotter, longer-lasting flame compared to the unprocessed wood. In recent years, the utilisation of charcoal has surpassed just being a fuel, finding its niche in various applications including metallurgical processes, purification, art, and even in the health and beauty sector.

The escalating global demand for clean energy sources, primarily in developing nations, has driven the global charcoal market growth. Its eco-friendly attributes, coupled with the ease of production, especially in areas with limited access to advanced technologies, positions it as a preferred energy source. This trend is further accentuated by the ongoing research aiming to further reduce the environmental footprint of charcoal production.

Moreover, the boom in the barbecue and recreational cooking sector, especially in North America and Europe, has further spurred the charcoal market demand. The unique flavour that charcoal imparts to grilled food, combined with its efficient heating capabilities, has made it a household name among barbecue enthusiasts.

Beyond its culinary uses, charcoal's absorption properties have ushered it into the limelight of the health and beauty industry. Activated charcoal, which is processed to have even more potent absorptive capabilities, is now a prime ingredient in a variety of products, ranging from facial masks and cleansers to toothpaste and digestive health supplements.

In the metallurgical sector, charcoal acts as a reductive agent in extracting metals from their ores, further broadening its industrial applications. Hence, the rapid industrialisation across the emerging economies is fuelling the charcoal market expansion. Additionally, artists and craftsmen also cherish charcoal for its unique attributes, using it for sketches and as a pigment in some manufacturing processes.

One notable trend shaping the global charcoal landscape is the rise in demand for coconut shell charcoal. Recognised for its eco-friendly production process and higher calorific value compared to traditional wood charcoal, coconut shell charcoal is increasingly finding favour in both the energy and beauty sectors.

Market Segmentation

The market can be divided based on end use and region.

Market Breakup by End Use

  • Households
  • Metallurgical Industry
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global charcoal market. Some of the major players explored in the report are as follows:
  • Namchar (Pty) Ltd.
  • Mesjaya Abadi Sdn Bhd
  • Royal Oak Enterprises, LLC
  • Kingsford Products Company
  • The Saint Louis Charcoal Company, LLC
  • Gryfskand sp. z o.o.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Charcoal Market Analysis
8.1 Key Industry Highlights
8.2 Global Charcoal Historical Market (2018-2023)
8.3 Global Charcoal Market Forecast (2024-2032)
8.4 Global Charcoal Market by End Use
8.4.1 Households
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Metallurgical Industry
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Charcoal Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Charcoal Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Charcoal Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Charcoal Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Charcoal Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Charcoal Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 4402)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Namchar (Pty) Ltd.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Mesjaya Abadi Sdn Bhd
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Royal Oak Enterprises, LLC
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Kingsford Products Company
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 The Saint Louis Charcoal Company, LLC
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Gryfskand sp. z o.o.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.3.7 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Charcoal Market: Key Industry Highlights, 2018 and 2032
2. Global Charcoal Historical Market: Breakup by End Use (USD Billion), 2018-2023
3. Global Charcoal Market Forecast: Breakup by End Use (USD Billion), 2024-2032
4. Global Charcoal Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Charcoal Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Charcoal Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Charcoal Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Charcoal Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Charcoal Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Charcoal Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Charcoal Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Charcoal Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Charcoal Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Charcoal Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Charcoal Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Global Charcoal Market Structure

Companies Mentioned

  • Namchar (Pty) Ltd.
  • Mesjaya Abadi Sdn Bhd
  • Royal Oak Enterprises LLC
  • Kingsford Products Company
  • The Saint Louis Charcoal Company LLC
  • Gryfskand sp. z o.o.

Methodology

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Table Information