Charcoal Market | Global Industry Size, Share, Growth, Analysis & Forecast 2027 | Credence Research

NEW YORK - Oct. 9, 2023 - PRLog -- The latest market report published by Credence Research, Inc. "The global charcoal market was US$ 6.86 Bn and was expected to grow with a CAGR of 4.2% from 2019 to 2027".

As we transition towards an era where sustainability and eco-friendly practices are paramount, an unlikely contender arises, underscoring its impact and potential: the charcoal market. Predominantly known for its applications in cooking and metallurgy, the dark, carbon-rich material is making a poignant mark across various industry verticals, providing innovative and eco-friendly solutions.

Charcoal, produced through the anaerobic carbonization of biomass, is revered for its elevated carbon content and versatile application range, from acting as a fuel source to being utilized in air and water purification systems. The global charcoal market, with its multifaceted applications, is experiencing a conspicuous growth, steered by its increasing application in recreational cooking and rising popularity among the millennials, who often perceive it as a greener alternative to conventional fuels.

One pivotal arena where charcoal demonstrates significant dominance is in the barbecue sector. As outdoor cooking and recreational activities continue to surge, especially post-pandemic, where individuals are relishing social gatherings with heightened enthusiasm, the demand for charcoal is escalating, especially within the lump charcoal segment, appreciated for its natural and additive-free attributes.

Browse the Full Report: https://www.credenceresearch.com/report/charcoal-market

Companies Covered:

• Duraflame, Inc.
• Royal Oak Enterprises, LLC.
• BRICAPAR SA
• Timber Charcoal Company LLC
• Sagar Charcoal and Firewood Depot.
• Namche
• Mesjaya Sdn Bhd
• Gryfskand sp. Z o. O.
• MAUROBERA SA
• Kingsford Products Company
• Others

Charcoal Type

• Lump
• Briquettes
• Binchotan (White Charcoal)
• Coconut
• Others (Mangrove, Shisha, Sawdust, Root, etc.)

End-use Segment

• Metallurgy
• Barbecue
• Industrial
• Filtration
• Others (Medical, Pharma, Horticulture, etc.)

Geography

• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)