Coal Briquettes Market Size

  • Report ID: 3977
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Coal Briquettes Market Size

Coal Briquettes Market size was valued at USD 2.43 Billion in 2023 and is expected to exceed USD 4.26 Billion by the end of 2036, registering over 4.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of coal briquettes is evaluated at USD 2.52 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 Overview-min
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Author Credits:  Dhruv Bhatia

  • Report ID: 3977
  • Published Date: Jun 07, 2024
  • 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.
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