Charcoal Market Outlook to 2023 | Major Companies, Industry Dynamics and Growth Analysis

The global charcoal market is projected to reach $6,492.8 million by 2023. 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.

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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.

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%.

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.

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.

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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.

GLOBAL CHARCOAL MARKET

By Type

• Lump Charcoal
• Charcoal Briquettes
• Japanese Charcoal
• Sugar Charcoal
• Others

By Application

• Metallurgical Fuel
• Barbecue
• Industrial
• Filtration
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Thailand
  • India
  • Australia
  • Rest of APAC
• Latin America (LATAM)
  • Brazil
  • Mexico
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia

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