Charcoal Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Charcoal Market is Segmented by Product Type (Briquettes, Hardwood Lump, Coconut Shell, Binchotan, and Other Product Types), by Applications (Cooking Fuel, Metallurgical Fuel, Water and Air Purification, Healthcare, Cosmetics and Personal Care, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The report offers market size and forecasts for Charcoal in Volume (kilo tons) for all the above segments.

Market Snapshot

Charcoal Market Size
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: >4 %
Charcoal Market Companie

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Market Overview

The Global Charcoal Market is projected to register a CAGR of over 4% during the forecast period (2022-2027).

The charcoal market was negatively impacted by COVID-19 pandemic in 2020. COVID-19 pandemic disrupted the market as it led to the implementation of strict lockdowns worldwide that resulted in supply chain disruption. The raw material supply, mainly wood, for charcoal industry were halted. However, post pandemic increase in construction activities due to various initiatives taken by governments across the world, is expected to boost the charcoal market.

  • Over the short term, rising demand for barbeque food, increase in industrial activity post pandemic and growing demand form the pharmaceuticals industry for tablet-making, are some of the driving factors which are stimulating the market demand.
  • Stringent government regulations on forest products owing to climate change worldwide is hindering the market's growth.
  • Rising demand for air purifiers in cities with substantial increase in pollution levels and growing awareness related to personal hygiene after covid-19 pandemic, and others are likely to create opportunities for the market in the coming years.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Scope of the Report

Charcoal is an inorganic carbon-based compound that is obtained by incomplete combustion of animal and plant products within a low oxygen environment. Generally, it is produced by burning wood and other organic matter such as cellulose, bagasse, bones, and others. The charcoal is manufactured using both traditional and technologically advanced methods. Under the traditional method, pit kilns are used to produce low-quality charcoal whereas under the modern method industrial equipment is used to manufacture high-quality charcoal with a carbon content of over 82%. The charcoal market is segmented by product type, application, and geography. By product type, the market is segmented into briquettes, hardwood lump, coconut shell, binchotan, and other product types. By application, the market is segmented into cooking fuel, metallurgical fuel, water, and air purification, healthcare, cosmetics and personal care, and other applications. The report also covers the market size and forecasts for the charcoal market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of Volume (kilo tons).

Product Type
Hardwood Lump
Coconut Shell
Other Product Types
Cooking Fuel
Metallurgical Fuel
Water and Air Purification
Cosmetics and Personal Care
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Usage in the Cooking Fuel Industry

  • Charcoal is widely used in the cooking fuel industry as it offers various benefits such as quick lighting, smokeless fire, and the production of no ash and dust. Higher calorific value, longer burning hours, and even heat distribution are some of the other benefits of using charcoal in cooking fuel.
  • Increasing urbanization coupled with easy accessibility of charcoal in urban areas and rapid technology improvements is expected to drive the charcoal industry. Besides, lower cost, lightweight, and easy transportation will boost the demand for charcoal in the cooking industry.
  • The increasing consumption of barbecued food due to changing lifestyles and the adoption of new cooking styles is expected to drive the charcoal market. Rising awareness about healthy lifestyles has led to changes in the food preferences of people. This has resulted in increased consumption of grilled or barbecued food, which is driving the demand for charcoal as cooking fuel.
  • Moreover, the growing demand for clean metallurgical fuel in the iron and steel industry is expected to fuel the charcoal market. High heating capacity and low carbon emission as compared to coal are the properties driving the charcoal market.
  • Increasing usage of charcoal stoves in developing countries as it provides durability, low carbon monoxide emission, and re-utilization of radiated heat, is expected to drive the charcoal market during the forecasted period.
Charcoal Market Share

Asia-Pacific Region to Dominate the Market

The Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP.

The detoxifying property of Charcoal is used for purifying blood and reducing indigestion, which has increased its demand in the healthcare industry. The rapidly aging population in China will increase the need for medicines in the country. Hence, boosting the health care industry in the country. In 2021, China’s pharmaceutical industry is valued at USD 840.26 billion, which is the second-largest in the world after the USA, valued at USD 2,793.78 billion.

Additionally, China is the world’s largest crude steel producer with 99.5 million tones production in May 2021, as compared to 97.9 million tones in April 2021, registering a growth of 1.63%, as per World Steel Association. This will increase the demand for charcoal as a metallurgical fuel in the steel industry.

In India, increased spending in the healthcare sector post-pandemic is expected to benefit the charcoal market for new medicine development. Rising income, easy access to insurance, and increasing awareness about health and lifestyle diseases will drive the healthcare industry in India. As per the Indian Brand Equity Foundation (IBEF), the health care sector in India is expected to reach USD 372 billion in 2022.

Growing demand for metallurgical fuel in India due to the increased industrial activity will boost the demand for the charcoal market in the country. Increased government spending, easy availability of low-cost labor, and the presence of abundant iron ore reserves in India are expected to drive the steel industry.

The rising threat of recurrent Covid-19 waves and growing pollution levels in various cities of Asia-Pacific such as China, Bangladesh, and India will boost the demand for air purifiers in the region. As per World Air Quality Report 2021, Bangladesh had an average PM2.5 concentration of 76.9 micrograms per cubic meter of air, making it the most polluted country worldwide.

Due to all such factors, the market for charcoal in the region is expected to have a steady growth during the forecast period.

Charcoal Market Growth

Competitive Landscape

The charcoal market is highly fragmented in nature. Some of the major players in the market include E & C Charcoal, Subur Tiasa Holdings Berhad, Kingsford Products Company, Namco Charcoal, and Timber Products and Namchar, among others (not in any particular order).

Recent Development

  • In May 2021, American-based company, Kingsford announced a partnership with Australian-based Everdure. The partnership will help Kingsford and Everdure to deliver the best possible charcoal products to customers that will help in making outdoor cooking easy and fun.
  • In September 2020, American-based company Fire and Flavor established a joint venture with Englewood Marketing Group (EMG). This joint venture will help Fire and Flavor to compete in the charcoal business globally.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Rising Demand for Barbeque Food Globally

      2. 4.1.2 Increasing Demand for Detoxifying Agents in Healthcare Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Government Regulations on Forest Products Worldwide

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Product Type

      1. 5.1.1 Briquettes

      2. 5.1.2 Hardwood Lump

      3. 5.1.3 Coconut Shell

      4. 5.1.4 Binchotan

      5. 5.1.5 Other Product Types

    2. 5.2 Application

      1. 5.2.1 Cooking Fuel

      2. 5.2.2 Metallurgical Fuel

      3. 5.2.3 Water and Air Purification

      4. 5.2.4 Healthcare

      5. 5.2.5 Cosmetics and Personal Care

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BRICAPAR S.A. Charcoal Briquettes

      2. 6.4.2 Duraflame, Inc

      3. 6.4.3 E & C Charcoal

      4. 6.4.4 Etosha

      5. 6.4.5 Fire & Flavor

      6. 6.4.6

      7. 6.4.7 Gryfskand sp. z o.o

      8. 6.4.8 Kingsford Products Company


      10. 6.4.10

      11. 6.4.11 Mesjaya Sdn Bhd

      12. 6.4.12 Namchar

      13. 6.4.13 NamCo Charcoal and Timber Products

      14. 6.4.14 Oxford Charcoal Company

      15. 6.4.15 Paraguay Charcoal

      16. 6.4.16 Plantar

      17. 6.4.17 PT Cavron Global

      18. 6.4.18 Rancher Charcoal

      19. 6.4.19 Royal Oak Enterprises, LLC

      20. 6.4.20 Sagar Charcoal And Firewood Depot

      21. 6.4.21 Subur Tiasa Holdings Berhad

      22. 6.4.22 Timber Charcoal Company LLC

    5. *List Not Exhaustive

    1. 7.1 Rising Demand for Air Purifiers in Cities

    2. 7.2 Increasing Awareness Related to Personal Hygiene due to Covid-19 Pandemic

**Subject to Availability

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Frequently Asked Questions

The Charcoal Market market is studied from 2017 - 2027.

The Charcoal Market is growing at a CAGR of >4% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

E & C Charcoal, Subur Tiasa Holdings Berhad, Kingsford Products Company, NamCo Charcoal and Timber Products, Namchar are the major companies operating in Charcoal Market.

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