Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The growing cost-effectiveness of charcoal briquette is leading to a surge in its use as a renewable energy source in both developed and developing countries. With the soaring oil prices across the globe, various countries are increasingly utilising charcoal briquette as an alternative to traditional fossil fuels for cost and environmental benefits. Moreover, the rising demand for charcoal briquette in various sectors such as residential, commercial, and agriculture, among others, is augmenting the market growth. As renewable energy technologies are witnessing advancements and developments, the use of charcoal briquette is expected to rise.
The market growth can be attributed to the increasing charcoal briquette production to meet its growing demand from major end-use sectors. As the price of coal is significantly surging and coal burning causes various environmental concerns, the utilisation of charcoal briquette as its substitute in the metallurgical sector is bolstering. In addition, various advantages posited by charcoal briquettes, such as high thermal efficiency and low waste generation, are likely to propel its demand in the forecast period.
Some of the significant companies in the market for charcoal briquette are Weber-Stephen Products (HK) Ltd (NYSE: WEBR) and Kingsford Products Company. In March 2022, the latter launched Kingsford® Signature Flavors, its new product line that features flavour boosters for use in charcoal grills and pellets for pellet grids. It is a ready-to-use flavour line made with 100% real spices and can be used to easily customise the flavour experiences. The charcoal briquettes, pellets, and flavour boosters can level up barbecue experiences for both beginners and pros. The products are available at retailers in the United States and are available in various sizes ranging from 2 to 17 pounds. They come pre-mixed with flavour boosters to steadily release flavours while grilling.
Market Analysis by Type, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global charcoal briquette market are Kingsford Products Company, Weber-Stephen Products (HK) Ltd, Coco Energy, PT. Coconut Charcoal Briquettes Factory, and OTAGO Pte. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.