Australia briquette market has experienced steady growth, primarily driven by the construction industry's expansion, generating over $350 billion in revenues from construction activities in 2019. Despite setbacks due to the COVID-19 pandemic in 2020, including supply chain disruptions and economic slowdown, the market is rebounding with the resumption of paused projects and pent-up demand from infrastructure projects. This growth is expected to continue, supported by ongoing construction momentum and government housing initiatives like the Indigenous Home Ownership Program (IHOP). Additionally, the construction sector significantly influences briquette demand through various interconnected factors, including manufacturing building materials, infrastructure development, on-site heating and cooking, and adherence to environmental regulations.
According to the research, Australia Briquette Market size is projected to grow at a CAGR of 7.9% during 2024-2030F. The anticipated significant growth in the Australia briquette industry is closely tied to the thriving construction and infrastructure sector. Rising construction projects, including residential developments like the $1 billion investment project at 28 Montague Street in Melbourne and the Pentridge Prison redevelopment set for 2025, are driving increased demand for briquettes. Moreover, heightened expenditure on social and economic infrastructure, as emphasized by the Australian Construction Industry Forum (ACIF), further supports this growth trend.
The government's commitment to infrastructure development, with plans to invest $4.4 billion over four years until 2025-26, particularly in public transportation, aligns with the push for a more sustainable energy future, driving the demand for briquettes as a cleaner fuel source in construction and infrastructure projects throughout Australia.
Energy output limitations and seasonal dependence can constrain the Australian Briquette Market by reducing production capacity, increasing costs due to fluctuating demand, posing storage challenges, creating market uncertainty, and potentially impeding progress towards renewable energy goals.
Market Segmentation by Type
By type, charcoal briquette accounts majority of revenue share on the back of the nation's substantial reserves of coal, which ensure a reliable and readily available source of energy. The country's well-established infrastructure for coal mining, processing, and briquette production further enhances the accessibility and affordability of coal briquettes.
Market Segmentation by End Use
The commercial sector held the largest revenue share in Australia's briquette market in 2023 and is expected to maintain this position going forward. This is driven by its increased energy demand, cost advantages from economies of scale, and focus on regulatory compliance and corporate responsibility. Additionally, the consistency, efficiency, and widespread availability of briquettes further bolster their preference in commercial applications.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Australia Briquette Market Outlook
- Historical Data and Forecast of Australia Briquette Market Revenues for the Period 2020 - 2030F
- Australia Briquette Market Evolution & Trends
- Australia Briquette Market Drivers & Restraints
- Australia Briquette Market Porter's Five Forces
- Australia Briquette Market Industry Life Cycle
- Historical Data and Forecast of Australia Briquette Market Revenues, By Type 2020 - 2030F
- Historical Data and Forecast of Australia Briquette Market Revenues, By End Use 2020 - 2030F
- Key Performance Indicators
- Market Opportunity Assessment
- Australia Briquette Market Top Companies Market Ranking
- Australia Briquette Market Competitive Benchmarking By Technical and Operational Parameters
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:By Type
- Charcoal
- Biomass
- Wood
- Others (Paper, Coconut Shell etc.)
By End Use
- Residential
- Commercial
- Industrial and Power Generation
Table of Contents
Companies Mentioned
- Vicbrix
- Olive Pip Co.
- Australian Charcoal Company
- Envirofuel Australia Pty Ltd
- Heat Beads
- B&B Charcoal
- King Coal
- Firebrand Australia Pty Ltd
- Borobudur Coco
- Stronach Pty Ltd
