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2021
Wood Charcoal Market

Wood Charcoal Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027

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Dec 2021 | 323 Views
   
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Wood Charcoal Market Analysis 2020-2027:

The wood charcoal market is witnessing rising demand due to increase in various applications such as gas masks, filters, ant gastric drugs, deodorizers, and others. There are several factors that make wood charcoal a suitable material compared to firewood. Wood charcoal has enhanced calorific value than firewood per unit weight, thus it is more affordable to transport charcoal over longer distances compared to firewood. It takes less space for storage and is not vulnerable to deterioration by bugs and fungi. Moreover, it is widely used in industries in equipment, such as blast furnaces and bloomeries, for metal processing, which was later replaced by other fuels, including coke, gas, and others. Wood charcoal is almost smokeless and sulfur–free, making it the best material in BBQs. Moreover, wood charcoal continues to stay an essential source for traditional applications in emerging countries as well. The charcoal has now shrunk in utilization as applications are restricted to a few households and commercial application is rare.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Million (USD)

  Segments covered

  Type, Application

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Kingsford, Kamodo Joe, Fire & Flavor, Royal Oak, Two Trees Products, Duraflame, B & B Charcoal, Fogo Charcoal, Cooks International, Saint Louis Charcoal Company, the Original Charcoal Company

 

By Type

  • Charcoal Briquets
  • Charcoal Lump

By Application

  • Household
  • Commercial Restaurant

COVID–19 scenario analysis

The coronavirus pandemic has created a severe impact on the food & beverages industry. The government has initiated lockdown, which forces food outlets and restaurants to shut down temporarily to prevent the spread of the virus. Moreover, supply chain disruptions further created difficulties across many industries. Shortage of man power further made the factories and power plants to shut down. These factors are expected to reduce the overall demand for wood charcoal over the forecast period.

Top impacting factors: Market scenario analysis, trends, and drivers

Wood charcoal is considerably utilized in domestic & outdoor recreational cooking and manufacturing, which continue to amplify as these uses increase. Charcoal cooked meals leave a particular essence to the meals, which are not getting prominence in many hotels and restaurants. Moreover, wood charcoal setup can be especially easy to set up in small restaurants, making way for more expansion possibilities in the future. The global wood charcoal market is exceptionally unorganized and has a large number of small players regionally. A large proportion of the wood charcoal market in underdeveloped nations is driven by local manufactures, most of who are unregistered and perform only in the local market. However, timber charcoal is acquired through timber and advertising of which can also result in high rate of deforestation. Therefore, several governments have implemented laws restricting the usage of wood and charcoal as a fuel, which is predicted to stay a challenge. Rising environmental issues, depletion of resources, and law referring to limit the emissions are some other factors impacting the growth of the global wood charcoal market.

Regional insights

Region-wise, North America has been one of the largest markets for wood charcoal, followed by Asia, Latin America, and Africa. Growing use of charcoal in water filtration, gas masks, and formation of chemicals is expected to drive the market growth in the near future. The conventional use of wood charcoal as fuel; growing demand for clean water; and modern uses such as chemical products are likely to drive the market growth in Asia-Pacific.

Key benefits of the report:

  • This study presents the analytical depiction of the global wood charcoal market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global wood charcoal market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global wood charcoal market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the wood charcoal market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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