Latest News- Charcoal Market: Households is expected to lead the End-user segment during 2025-2029

The Charcoal Market is being driven by Regulations on reducing GHG emissions and use of bioenergy in heating systems

The Charcoal Market is expected to grow at a CAGR of 2.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 769.8 million. The coal market presents distinct advantages over wood fuels, particularly charcoal, in the business realm. Coal's compactness, consistent burn, and greater heat output make it an attractive option for industries. However, coal and coke have supplanted charcoal in the metallurgical sector in numerous regions due to environmental concerns. The coal industry has experienced significant transformations, with coal being a significant pollutant and shifting government policies on fuel sources leading to reduced investments and declining global production. This poses a significant challenge for the coal industry to sustain production levels due to inconsistent investments. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Households
  • Metallurgical industry
  • Others
• Distribution Channel
  • Offline
  • Online
• Product Type
  • Charcoal briquettes
  • Lump charcoal
  • Japanese charcoal
  • Sugar charcoal
• Geography
  • APAC
    • China
    • India
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • Italy
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Regulations on reducing GHG emissions and use of bioenergy in heating systems
• Change in adoption of energy mix
• Increasing demand for industrial wastewater treatment

However, the market also witnesses some limitations, which are as follows:

• Increase in practice of deforestation
• Regulatory policy-related challenges for wood fuels
• High costs associated with slow pyrolysis

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Market Scope in Charcoal Market Research Report

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Research Analysis Overview

Charcoal is a versatile product with various applications, including charcoal dust for filtration in water and air purification systems, activated charcoal for water filtration and air purification, charcoal powder and briquettes for grilling, smoking, and cooking, and charcoal in the form of fuel, energy, biomass, gas, and electricity. Charcoal production methods range from traditional to modern, with sustainability and certification schemes addressing concerns over carbon and greenhouse gas emissions, contributing to climate change. Artistic uses of charcoal include drawing, sketching, painting, and sculpture. Charcoal production methods include gasification, pyrolysis, and carbonization, with modern techniques aiming for reduced emissions and increased efficiency.

Market Research Overview

The global coal and consumable fuels market encompasses businesses engaged in the production, mining, and provision of coal and related products, including charcoal briquettes, lump charcoal, natural charcoal, wood charcoal, bamboo charcoal, and coconut shell charcoal. According to Technavio, market size is determined by the total revenue generated by these manufacturers and providers. Key growth drivers for the coal and consumable fuels market include escalating energy demand due to dwindling fossil fuel reserves and volatile fuel prices. Energy security is a significant concern for governments of countries such as the US and the UK, many of which heavily rely on coal imports.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/