The market growth is primarily driven by the growing applications of charcoal as a metallurgical fuel in the smelting and sintering of iron ores, case hardening of steel, and production of pure silicon and ferro-silicon.
Insights on market segments
On the basis of type, the charcoal market is segmented into lump charcoal, charcoal briquettes, Japanese charcoal, sugar charcoal, and others. Others include various forms of activated charcoal. Lump charcoal held the largest revenue share in the market during the historical period and is estimated to contribute more than 67.0% share to the market in 2017. Lump charcoal burns more quickly, produces less ash, and achieves higher temperature as compared to other charcoal types. In addition, low cost and wide availability of lump charcoal have pushed its demand in the market.
Based on application, the charcoal market is segmented into metallurgical fuel, barbecue, industrial, filtration, and others, where the category of “others” includes medical, pharmaceutical, horticulture, automotive, and art applications. Metallurgical fuel is estimated to contribute the largest revenue to the market in 2017, accounting for more than 65.0%. Charcoal is widely used for metallurgical applications, such as the smelting and sintering of iron ores, production of pure silicon and ferro-silicon, case hardening of steel, and extraction of non-ferrous metals. In addition, the demand for charcoal is growing as a low-cost metallurgical fuel in developing economies, which, in turn, is driving its market growth.
Latin America (LATAM) stands as the largest charcoal market
LATAM is estimated to contribute more than 45.0% revenue share to the charcoal market in 2017. The region is expected to continue holding the largest share in the market in the coming years, owing to the high growth of the exhaustive energy industry, such as the metallurgical industry, and the increasing production of cement. In value terms, lump charcoal accounted for the largest market share during the historical period because of its strong demand for iron and steel production in the region. During the forecast period, the charcoal market is expected to witness the highest growth in Brazil because of the increase in the demand for charcoal in metal and chemical industries.
Asia-Pacific (APAC) is estimated to be the second-largest charcoal market in 2017, with a value share of more than 20.0%. The major growth driver for the market in the region is the increase in the use of sugar charcoal for the production of artificial diamonds. Increasing demand for synthetic diamonds in the region can be attributed to the growing use of artificial diamonds in industries such as jewelry, electronics, and mining. Thus, the growing demand for artificial diamonds is expected to fuel the growth of the APAC charcoal market in the coming years.
North America is estimated to be the third-largest charcoal market in 2017, with a revenue share of more than 9.0%. This can be mainly attributed to the increasing use of charcoal in metallurgical and barbecue applications. Increase in the prices of oil- and gas-based fuels and rising demand for charcoal in urban cities are other factors contributing to its market growth. According to the newspaper Crain's Chicago Business, barbecue restaurant sales showed nearly double growth rate in the U.S. in 2015, as compared to the overall restaurant industry’s growth rate in 2014. Charcoal is widely used as a fuel in barbecue cooking; thus, the expansion of barbecue restaurant business continues to drive the growth of the charcoal market in North America.
Some of the major players operating in the global charcoal industry are Royal Oak Enterprises LLC, Maurobera SA, GRYFSKAND SP z o.o., Sagar Charcoal Depot, Parker Charcoal Company, NAMCHAR (Pty.) Ltd., Timber Charcoal Company LLC, Bricapar S.A.E., Duraflame Inc., and Kingsford Products Company LLC.
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Type
1.3.2 Market Segmentation By Application
1.3.3 Market Segmentation By Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
220.127.116.11 By Region
18.104.22.168 By Industry Participant
22.214.171.124 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study
Chapter 3. Executive Summary
3.1 Voice Of Industry Experts/Kols
Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Type
126.96.36.199 Lump Charcoal
188.8.131.52 Charcoal Briquettes
184.108.40.206 Japanese Charcoal
220.127.116.11 Sugar Charcoal
4.1.2 By Application
18.104.22.168 Metallurgical Fuel
4.2 Value Chain Analysis
4.3 Market Dynamics
22.214.171.124 Growing Popularity Of Barbecued Food
126.96.36.199 Increasing Use Of Charcoal As A Metallurgical Fuel
188.8.131.52 Growing Demand For Water Treatment Plants
184.108.40.206 Impact Analysis Of Drivers On Market Forecast
220.127.116.11 Deforestation And Forest Degradation
18.104.22.168 Impact Analysis Of Restraints On Market Forecast
22.214.171.124 Expected Replacement Of Fossil Coal With Charcoal In Silicon Production
Chapter 5. Global Market Size And Forecast
5.1 By Type
5.2 By Application
5.3 By Region
Chapter 6. North America Market Size And Forecast
6.1 By Type
6.2 By Application
6.3 By Country
Chapter 7. Europe Market Size And Forecast
7.1 By Type
7.2 By Application
7.3 By Country
Chapter 8. APAC Market Size And Forecast
8.1 By Type
8.2 By Application
8.3 By Country
Chapter 9. LATAM Market Size And Forecast
9.1 By Type
9.2 By Application
9.3 By Country
Chapter 10. MEA Market Size And Forecast
10.1 By Type
10.2 By Application
10.3 By Country
Chapter 11. Competitive Landscape
11.1 Benchmarking Of Key Players
Chapter 12. Company Profiles
12.1 Royal Oak Enterprises Llc
12.1.1 Business Overview
12.1.2 Product And Service Offerings
12.2 Maurobera Sa
12.2.1 Business Overview
12.2.2 Product And Service Offerings
12.3 Gryfskand Sp Z O.O.
12.3.1 Business Overview
12.3.2 Product And Service Offerings
12.4 Sagar Charcoal Depot
12.4.1 Business Overview
12.4.2 Product And Service Offerings
12.5 Parker Charcoal Company
12.5.1 Business Overview
12.5.2 Product And Service Offerings
12.6 Namchar (Pty.) Ltd.
12.6.1 Business Overview
12.6.2 Product And Service Offerings
12.7 Timber Charcoal Company Llc
12.7.1 Business Overview
12.7.2 Product And Service Offerings
12.8 Bricapar S.A.E.
12.8.1 Business Overview
12.8.2 Product And Service Offerings
12.9 Duraflame Inc.
12.9.1 Business Overview
12.9.2 Product And Service Offerings
12.10 Kingsford Products Company Llc
12.10.1 Business Overview
12.10.2 Product And Service Offerings
Chapter 13. Appendix
13.2 Sources And References
- Royal Oak Enterprises LLC
- Maurobera SA
- GRYFSKSP z o.o.
- Sagar Charcoal Depot
- Parker Charcoal Company
- NAMCHAR (Pty.) Ltd.
- Timber Charcoal Company LLC
- Bricapar S.A.E.
- Duraflame Inc.
- Kingsford Products Company LLC.