Data Bridge Market Research analyses that the Asia-Pacific charcoal market is expected to reach the value of USD 1,034.71 million by 2029, at a CAGR of 3.4% during the forecast period. The charcoal market report also covers pricing analysis, patent analysis, and technological advancements in depth.     

Charcoal is a manmade black carbon residue product that is produced the plant material such as wood. This process is carried out in the presence of oxygen to remove volatile and water constitutes Due to increased demand for the product in recreational cooking and metal manufacturing, building & construction, healthcare, industrial filtration, and pharmaceutical applications, the Asia-Pacific charcoal market is estimated to develop significantly over the forecast period. In recreational cooking, charcoal can be used as a substitute for coal. In addition, the increased popularity of barbeque cooking in restaurants is likely to boost demand for charcoal.

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Charcoal Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Increase in urbanization and rapid industrialization had created substantial demand for charcoal

The demand for charcoal is increasing mainly due to urban population in developing countries. More than half the Asia-Pacific population now lives in cities, and urban-dwellers are restricted to charcoal use because of easiness of production, access, transport, and tradition. Urbanization have influenced the type of fuels used and also the total energy consumption for different functions which have further increased the demand for charcoal production across the region.

  • Rise in consumption of barbequed food

In much of the world, barbecuing is practically very common activity in many regions especially in summer time. And while some people grill with gas and electricity, many people also prefers grilling with charcoal gives their food with a particularly smoky flavour. Furthermore, charcoal is mostly used for recreational barbecuing in places like North America and Europe, but it’s the primary cooking fuel in most African nations. In addition, it is reported that the market is majorly driven by the rising influence of grilled food worldwide and the growing adoption of grilled food among millennials. In addition, lockdown restrictions and the need to maintain social distancing due to the ongoing COVID-19 pandemic have resulted in more number of people staying at home. Thereby, an increasing number of people have been engaged in-home cooking and organizing small social events at home. This situation has resulted in an increasing demand for home cooking equipment and materials.

Opportunity

  • Shift towards improved stove and higher efficiencies

Traditional stoves for heating and cooking at the household level are typically inefficient and generate considerable indoor air pollution, which can be deleterious to human health. Improved cook stoves have been deployed in many countries in attempts to improve cooking and heating efficiency and reduce indoor pollution in domestic households. Furthermore, charcoal can be burned cleanly and safely if prepared properly and used correctly in efficient appliances. Improved cook stoves are convex in shape and insulated on all sides. Because of their insulation, they require less charcoal to generate an equivalent amount of useful heat, and they retain heat for longer. Also, recently there is the introduction of improved cook stoves that can reduce GHG emissions by improving fuel efficiency and thereby reducing demand for charcoal for the same quantity of cooking energy.

Competitive Landscape and Charcoal Market Share Analysis

The charcoal market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to charcoal market.

Some of the major players operating in the charcoal market are Sagar Charcoal and Firewood Depot, Subur Tiasa Holdings Berhad, The Clorox Company, and Mesjaya Sdn Bhd.


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Asia-Pacific Charcoal Market Scope

The charcoal market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Lump Charcoal
  • Charcoal Briquettes
  • Japanese Charcoal
  • Sugar Charcoal
  • Others

On the basis of product, the Asia-Pacific charcoal market is segmented into lump charcoal, charcoal briquettes, Japanese charcoal, sugar charcoal, others.

Application

  • Outdoor Activities
  • Restaurant Business
  • Metallurgical Fuel
  • Industrial Fuel
  • Filtration
  • Others
    On the basis of application, the Asia-Pacific charcoal market has been segmented into below outdoor activities, restaurant business, metallurgical fuel, industrial fuel, filtration, others.The charcoal market is analysed and market size insights and trends are provided by country, product and application as referenced above.China dominates the Asia-Pacific charcoal market. The major reason behind this is increasing adoption of barbeque food and investment from government.
  • The countries covered in the charcoal market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Hong Kong, Taiwan and rest of Asia-Pacific (APAC).
  • Charcoal Market Regional Analysis/Insights

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