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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Charcoal Briquette Market Analysis by Region
North America is one of the key regional markets due to increased focus of policy makers and citizens to promote sustainability
In North America, charcoal briquette producers are adopting sustainability in their production processes and are restraining from using protected species of trees. Charcoal briquettes produce evenly grilled food with a natural, smoky taste and are environmentally friendly owing to their characteristic property of low smoke during combustion.
Rural Africa is presenting considerable opportunities for establishing briquette production facilities due to its high demand for it as a cooking and heating fuel. In developing countries, such as Rwanda, the government is promoting the utilisation of charcoal briquettes as a substitute for wood and charcoal for cooking purposes to reduce the country’s dependence on charcoal to 42% of the population by 2024 and reduce deforestation.
Charcoal Briquette Market Report Snapshots
Charcoal Briquette Market Size
Charcoal Briquette Market Growth
Charcoal Briquette Market Trends
Charcoal Briquette Market Share
Charcoal Briquette Manufacturers
Charcoal Briquette Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 3.9 Billion in 2023.
The market is further estimated to grow at a CAGR of 6.2% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 6.7 Billion by 2032.
The different grades of charcoal briquette are grade A, grade B, grade C, and others.
The key regional markets for charcoal briquette are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The market is being driven by the growing trend of barbecue, research and development for eco-friendly charcoal briquette production technologies, and the rising demand for sustainable energy.
The applications include the metallurgical industry, barbecue, and others.
The key players in the market include The Clorox Company, Weber-Stephen Products LLC, Bricapar S.A., Otago Pte. Ltd., and PT. Coconut Charcoal Briquettes Factory, among others.
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