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Global Charcoal Market Insights
Global Charcoal market was valued at USD 6.05 billion in 2021, and the market size is estimated to reach USD 8.09 billion by 2028, at a CAGR of 4.25% over the forecast period (2022–2028).
Charcoal is used as a metallurgical fuel in steel and iron because of its great heating capacity. Charcoal can burn at temperatures of up to 370 degrees Celsius while emitting comparatively little CO2. With the growth of the building and construction industries in emerging nations such as India and China, demand for iron and steel is expected to rise, which will benefit the global charcoal market. For example, Charcoal is laid on and mixed with foundation soil as a measure against moisture and odours under the floors of houses and buildings, and for room temperature adjustment.
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Global Charcoal Market Segmental Analysis
Global charcoal market is segmented based on type, distribution channel, and region. Based on the product type, the charcoal market is segmented as lump charcoal, charcoal briquettes, Japanese charcoal, sugar charcoal and others. Based on the application, the charcoal market is segmented as outdoor activities, Restaurant Business, Metallurgical Fuel, Industrial Fuel, Filtration and Others. Based on region, it is categorised into North America, Europe, Asia-Pacific, South America, and MEA.
Global Charcoal Market Competitive Landscape
Global key charcoal producers are putting a lot of effort into research and development so that they may introduce solutions with extremely powerful disinfectants. In addition, initiatives including capacity expansion, acquisitions, and partnerships are used.
Top Players Company Profiles
- Carbon Roots International (US)
- Timber Charcoal Company LLC (US)
- Parker Charcoal Company (US)
- Kingsford Products Company LLC (US)
- The Dorset Charcoal Company (UK)
- Oxford Charcoal Company (UK)
- Royal Oak Enterprises LLC (US)
- Blackwood Charcoal (Indonesia)
- Matsuri International (Thailand)
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Recent Development
- In March 2022, The Kingsford Products Company, a division of The Clorox Company, introduced a new line of hardwood pellets and charcoal. With a variety of flavors and aromas, this product's primary goal is to enhance the grilling experience. This will help the company's product portfolio.
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