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Global Charcoal Briquette Market: By Type: Wood Type, Others; By Application: Metallurgical Industry, Barbecue, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Industry Events and Developments
Global Charcoal Briquette Market Outlook
The global charcoal briquette market is estimated to grow in the forecast period of 2022-2027 at a CAGR of 5.0%.
Africa to Hold a Significant Share of the Market for Charcoal Briquette
Africa is expected to register significant growth in the market share of charcoal briquette during the forecast period due to the surging charcoal briquette production and sale in the region. This, in turn, is further influencing new enterprises of charcoal briquette in rural and urban areas. Additionally, the increasing investment in the production of charcoal briquette to meet the surging demand for energy is boosting the market demand for charcoal briquette in the region. Evolving technology and various production projects like Malawi Charcoal Project and Dandora Charcoal Plant, among others, are further aiding the charcoal briquette market in Africa. Moreover, based on the applications, the barbecue segment is holding the market growth of charcoal briquette across the globe on account of an increase in consumption of charcoal briquette in barbequed food and the rising adoption of barbeque style in households as well as restaurants.
Market Segmentation
A charcoal briquette is generally used for cooking food on barbecue pits, outdoor grills, and hibachis. Charcoal briquettes compose of leftover bits of sawdust and wood mixed with additives and later compressed to give them their distinct pillow shape. They have high thermal value, environmental protection, uniform shape, and low moisture content.
The market for charcoal briquette, by type, is divided into:
- Wood Type
- Others
By application, the market is segmented into:
- Metallurgical Industry
- Barbecue
- Others
The EMR report looks into the regional markets of charcoal briquette like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.
Rising Concerns Regarding Surging Greenhouse Emissions (GHG) Emission to Boost the Market for Charcoal Briquette
The growing concerns regarding climatic change due to surging greenhouse emissions (GHG) are likely to drive the market growth of charcoal briquette across the globe. As charcoal briquette is eco-friendly, it is increasingly used as an alternative source of energy to mitigate climate change, which is fuelling the market growth. The growing adoption of clean energy sources in emerging economies is surging the demand for charcoal briquette, which is further anticipated to boost the charcoal briquette market in the forecast period. The market growth of charcoal briquette in the coming years is expected to be propelled by the growing pollution rates and the surging prices of traditional fuel. Although the lack of awareness about charcoal briquette can hamper the market growth, the increasing production and trade of charcoal briquette owing to its contribution to the global economy is likely to propel the market growth in the forecast period.
Key Players in the Global Market for Charcoal Briquette
The report presents a detailed analysis of the following key players in the global charcoal briquette market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Kingsford Products Company
- Weber-Stephen Products (HK) Ltd
- Coco Energy
- PT. Coconut Charcoal Briquettes Factory
- OTAGO Pte. Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*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.
1 Preface
2 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 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Charcoal Briquette Market Analysis
8.1 Key Industry Highlights
8.2 Global Charcoal Briquette Historical Market (2017-2021)
8.3 Global Charcoal Briquette Market Forecast (2022-2027)
8.4 Global Charcoal Briquette Market by Type
8.4.1 Wood Type
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Others
8.5 Global Charcoal Briquette Market by Application
8.5.1 Metallurgical Industry
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Barbecue
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Others
8.6 Global Charcoal Briquette Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Kingsford Products Company
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Weber-Stephen Products (HK) Ltd
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Coco Energy
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 PT. Coconut Charcoal Briquettes Factory
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 OTAGO Pte. Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Charcoal Briquette Market: Key Industry Highlights, 2017 and 2027
2. Global Charcoal Briquette Historical Market: Breakup by Type (USD Million), 2017-2021
3. Global Charcoal Briquette Market Forecast: Breakup by Type (USD Million), 2022-2027
4. Global Charcoal Briquette Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Charcoal Briquette Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Charcoal Briquette Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Charcoal Briquette Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Charcoal Briquette Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Charcoal Briquette Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Charcoal Briquette Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Charcoal Briquette Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Charcoal Briquette Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Charcoal Briquette Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Charcoal Briquette Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Charcoal Briquette Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Charcoal Briquette Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Charcoal Briquette Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Charcoal Briquette Market Structure
Key Questions Answered in the Report
The global charcoal briquette market is assessed to grow at a CAGR of 5.0% between 2022 and 2027.
The major market drivers are the rapid urbanisation, rising investment in the production of charcoal briquette, and growing demand for alternative source of energy.
The key market trends guiding the growth of the market include the growing demand for barbequed food and technological advancements.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types of charcoal briquette in the market include wood type, among others.
The major applications of charcoal briquette include metallurgical industry and barbecue, among others.
The major players in the market are Kingsford Products Company, Weber-Stephen Products (HK) Ltd, Coco Energy, PT. Coconut Charcoal Briquettes Factory, and OTAGO Pte. Ltd., among others.
Analyst Review
The global charcoal briquette market is driven by the surging demand for energy and technological advancement. Aided by growing environmental concerns among consumers, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5.0%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. The market for charcoal briquette, by type, is divided into wood types, among others. Based on application, the market is segmented into metallurgical industry and barbecue, among others. The major regional markets for charcoal briquette are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Kingsford Products Company, Weber-Stephen Products (HK) Ltd, Coco Energy, PT. Coconut Charcoal Briquettes Factory, and OTAGO Pte. Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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