About Charcoal Briquette
Charcoal briquette is a compressed block of coal dust. It is highly utilized for burning applications due to increasing adoption in restaurants and home grilling. Coconut charcoal briquette is becoming more popular among consumers as it doesn’t produce smoke or a chemical smell and lasts longer than wood charcoal. The increasing price of traditional fuel and demand for energy and fuel resources in the metallurgy and other industries the charcoal briquette will play an important role due to its low cost and environment-friendly alternative. Increased contribution of charcoal briquettes to the energy, environment, and poverty eradication ambitions of African nations will boost the demand in the nearer future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that United States and United Kingdom Manufacturers will contribute the maximum growth to Global Charcoal Briquette market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Weber Inc. (United States), Kingsford (The Clorox Company) (United States), Napoleon (Canada), TrustBasket (India), Sparkenzy (India), VESP Energy (India), Gryfskand (Poland), Matsuri International (Thailand), Dancoal Sp. Z.o.o (Poland), Direct Charcoal Ltd (United Kingdom), The Dorset Charcoal Co. (United Kingdom) and Paraguay Charcoal (Paraguay) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Charcoal Briquette market by Type (Wood Charcoal Briquette, Coconut Shell Charcoal Briquette and Others), Application (Burning, Industrial and Others) and Region.
On the basis of geography, the market of Charcoal Briquette has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Shape, the sub-segment i.e. Pillow will boost the Charcoal Briquette market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Charcoal Briquette market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Manufacturing of Environment-Friendly Charcoal Briquette to Reduce the Carbon Emission
Market Growth Drivers:
Surging Demand of Coconut Shell Charcoal Briquette for Various Applications as It Burns Longer than Wood Type and Growing Number of BBQ and Grill Food Lovers World will Increasing Adoption by the Households and Restaurants
Challenges:
Chemical Smell and High Amount of Ash Production May Affect the Growth
Restraints:
High Cost of Manufacturing Charcoal Briquette as the Process of Densification Requires More Energy
Opportunities:
Increased Use of Charcoal Briquette as a Substitute of Traditional Fuel Due to Serious Energy Crisis and Pollution
In 2017, Weber launched new Weber Briquettes—essential for the estimated 40 percent* of U.S. grill owners who typically grill for the Big Game. The new 20-pound bags of Weber Briquettes are constructed from 100 percent natural hardwood with no undesirable chemical binders or fillers, produce less ash, and deliver a long, constant heat, needing less refueling during grilling—and more time to watch the game.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Charcoal Briquette Manufacturers, Suppliers and Distributors of Charcoal Briquette, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.