Increasing Popularity of Barbecued Foods Driving Charcoal Sales
The charcoal market is expected to increase its revenue size from $5,882.8 million in 2018 to $6,566.5 million by 2024.
By: P&S Intelligence
Japanese white charcoal is heavily used in water treatment plants for eliminating harmful chemicals and substances from water and enriching it with natural minerals. In addition to this, activated charcoal carbon filters are increasingly being used in water treatment, because of their ability to eliminate sediments, foul odor, and hazardous volatile organic compounds (VOCs). The increasing industrialization rate in the emerging economies of Southeast Asia has severely polluted the water bodies, thereby pushing up the requirement for water treatment.
Due to the above-mentioned factors, the revenue of the charcoal market (https://www.psmarketresearch.com/
The region witnessed the sales of 5,561.3 kilotons of charcoal in 2018. This was because of the fact that charcoal was widely used for manufacturing pig iron in the region. Additionally, steel production increased considerably in Brazil over the last few years, and this has massively boosted the demand for charcoal in the country. Furthermore, with the surge in the country's construction industry, the demand for charcoal in steel production is predicted to shoot up sharply in the coming years.
Hence, it is clear that the demand for charcoal will skyrocket in the upcoming years, primarily because of its ballooning usage in water treatment plants and the soaring popularity of barbecued and grilled foods across the world.