Coal Briquettes Market Size & Share, by Composition (Wood Charcoal, Coal Dust, Peat & Paper, Saw Dust, Wood Chips); Application (Metallurgy, Food Processing) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3977
  • Published Date: Mar 24, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Coal Briquettes Market size is expected to surpass USD 4 billion by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of coal briquettes was over USD 2 billion. The growth of the market can be attributed to the increasing adoption of clean energy. Further, the growing concern about the environment across the globe is also expected to add to the market growth. Clean energy comes from existing replenished natural processes or sources. For instance, since charcoal briquettes are made from agricultural and forestry waste, they don't harm the environment.  Lately, over 30% of India's primary energy consumption comes from renewable sources.

In addition to these, factors that are believed to fuel the market growth of coal briquettes include the rising demand in the manufacturing industry. For instance, they are used in industrial boilers and kilns in manufacturing industries. Since coal briquettes have a high thermal calorific value, they emit fewer pollutants compared to other fuels.


Coal Briquettes Market
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Coal Briquettes Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Environment Degradation – On account of the increasing population, the market is expected to expand more in the upcoming years. Further, urbanization, intensification of agriculture, and others factors may contribute to environmental changes which in turn is encouraging the majority of the population to use sustainable energy methods and heavily invest in environmentally friendly power-generation technology. According to data, more than 5% percent of tropical forest species will go extinct every ten years at the current rate of destruction.

  • Rising Demand for Alternate Fuel Resources – The growing energy problem and the deteriorating environment has resulted in the need for alternative energy fuels. In terms of alternative fuels used by alternative fuel cars, natural gas made for more than 50% of total consumption.

  • Surging Demand in Metallurgy Industry – According to the most recent data, approximately 90% of all metal produced each year in the United States and across the world are made up of iron and steel.

  • Growing Investments in Coal Briquettes by Several Asian and African Countries– On the account of growing demand for renewable energy many developing regions are heavily investing in coal briquettes. According to studies by 2030, it is anticipated that Asia may account for over 80% of the world's coal demand.

Challenges

  • Challenges in Making Coal Briquettes - The difficulties associated with the production of coal briquettes is one of the major factors predicted to slow down the market growth. For instance, densification during the production of briquettes demands additional energy, which complicates the process.
  • Exorbitant Initial Cost for Briquettes
  • Lack of Infrastructure for the Production of Briquettes

Coal Briquettes Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~5%

Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2035)

~ USD 4 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Coal Briquettes Segmentation

Composition (Wood Charcoal, Coal Dust, Peat & Paper, Saw Dust, Wood Chips)

The global coal briquettes market is segmented and analyzed for demand and supply by composition into wood charcoal, coal dust, peat & paper, sawdust, and wood chips. Out of the five types, the wood charcoal segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing pollution in urban areas. There is an increasing focus on wood charcoal briquettes since they are more environmentally friendly, may ease the strain on forests, and can minimize pollution in metropolitan areas. Further compared to conventional logs, wood briquettes burn cleaner, hotter, longer, and more cheaply. They burn longer than firewood and provide greater actual thermal value and far less ash content. Properties such as low moisture content contribute to their higher efficiency, all these factors in turn are predicted to boost the growth of the market segment in the future. According to estimates, over 1 million fatalities are brought on by urban outdoor air pollution each year.

Application (Metallurgy, Food Processing)

The global coal briquettes market is also segmented and analyzed for demand and supply by application into metallurgy, food processing, and others. Amongst these three segments, the metallurgy segment is expected to garner a significant share. The growth can be attributed to growing construction activities across the globe. To construct buildings, steel is the most common engineering material used to provide support, huge strength, and high durability to the building. Further, to manufacture steel one essential ingredient is needed which is metallurgical coal, which is utilized to create coke. For instance, metal is heated at a temperature of around 1100 °C to purge it of water and other chemicals before being used to produce steel. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments:

       By Composition

  • Wood Charcoal
  • Coal Dust
  • Peat & Paper
  • Saw Dust
  • Wood Chips

        By Application

  • Metallurgy
  • Food Processing
  • Others

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Coal Briquettes Industry - Regional Synopsis

Europe Market Forecast

The European coal briquettes market, amongst the market in all the other regions, is projected to hold the largest market share of about ~21% by the end of 2035. The growth of the market can be attributed majorly to the increasing consumption of barbequed food. Cookouts and barbeque activities are becoming more and more popular in the region, especially on weekends and throughout the summer. Further, the rising need for a more genuine flavor offered by traditional grilling techniques is also anticipated to contribute to the market growth in the region. Additionally, the meal is also barbecued using coal briquettes since they give it a genuine flavor and are seen to be an innovative method of cooking. According to a survey, more than 10% of Germans have a monthly BBQ.

North American Market Forecast

The North American coal briquettes market, amongst the market in all the other regions, is projected to hold the largest market share of about ~18% by the end of 2035. The growth of the market can be attributed majorly to the increasing use of coal briquettes for recreational cooking in the region. American culture has always valued barbecue. One of the most traditional dishes in the US is still barbecue. Most American find barbecue as an entertaining cooking method. Side dishes such as potato salad, cole slaw, baked beans, or macaroni and cheese are frequently served at a classic American barbecue. Since they provide meals with a smoky taste and a caramelized appearance, coal briquettes are frequently used for outdoor grilling for barbecue in the United States. In addition, the increasing customer preference for barbecue is also anticipated to boost the market growth during the forecast period. According to data, more than 90% of Americans say they enjoy a barbeque.

APAC Market Statistics

Further, the market in the Asia Pacific, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the growing industrial sector in emerging countries. Owing to the fact that coal briquettes provide a significant quantity of heat for the production process, there is a large demand for them as a result of the rising steel production in China and India. For instance, coal is used to generate 70% of the steel that is produced globally. As of 2020, the industrial sector in Bangladesh expanded by more than 6%.

Research Nester
Coal Briquettes Market Size
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Companies Dominating the Coal Briquettes Landscape

top-features-companies
    • Duraflame Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Timber Charcoal Company Co. LLC
    • Gryfskand sp. z o.o
    • Kingsford Products Company
    • Royal Oak Enterprises, LLC
    • Weber-Stephen Products LLC
    • Snesmi Techno Pvt Ltd
    • Sun Company
    • Halogen Supply Co. Inc.
    • Vale S.A.

In the News

  • DURAFLAME, INC. introduced new OUTDOOR firelogs, made from 100% recycled and renewable wood, agricultural fibers, and bio-derived waxes. These firelogs will create a campfire that is crackling, emits less smoke, and enables users to roast marshmallows, hot dogs, and other campfire delicacies.

  • Vale S.A. introduced a green briquette, which can withstand high blast furnace temperatures without dissolving as it is made of iron ore and an agglomerate technical solution. Further, it will increase the possibility for steelmakers to rely less on sintering, which can reduce greenhouse gas emissions (GHG) during production operations by as much as 10%.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 3977
  • Published Date: Mar 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing environment degradation and the rising demand for alternate fuel resources are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2035.

Exorbitant initial cost for briquettes, and lack of infrastructure for the production of briquettes are estimated to be the growth hindering factors for the market expansion.

The market in the European region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Timber Charcoal Company Co. LLC, Gryfskand sp. z o.o, Kingsford Products Company, Royal Oak Enterprises, LLC, Weber-Stephen Products LLC, Snesmi Techno Pvt Ltd, Sun Company, Halogen Supply Co. Inc., Vale S.A., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by composition, application and by region.

The wood charcoal segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Coal Briquettes Market Report Scope
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