Charcoal Briquette Market Updates

Charcoal Briquette Market size was valued at USD 2.56 Billion in 2023 and is poised to grow from USD 2.71 Billion in 2024 to USD 4.26 Billion by 2032, growing at a CAGR of 0.0582 during the forecast period (2025-2032).

The nature of the global market is fragmented. To support different industries, these important players are funding R&D projects. To preserve their market supremacy, they are putting into practise a variety of growth tactics, such as providing extensive product portfolios, fortifying their distribution networks, expansions, and acquisitions. 'ITO Global Trading Company (India)', 'Snesmi Techno Pvt Ltd (India)', 'Sun Company (US)', 'Coal Hut (UK)', 'Milazzo Industries (US)', 'Milward alloys Inc. (US)', 'Halogen Supply Co. Inc. (US)', 'Bepex international llc (US)', 'Dauber co. (US)', 'BBCharcoal (US)', 'Paraguay Charcoal (US)'

The characteristics of coal briquettes can be changed by various binders. Coal briquettes significantly improve thermal efficiency and reduce coal-fired pollutant emissions in industrial boilers and kilns as compared to burning raw coal.

Traditional stoves used in homes for cooking and heating are frequently inefficient and produce a lot of indoor air pollution, which can be harmful to human health. In an effort to increase cooking and heating efficiency and lessen indoor pollution in homes, improved cook stoves have been introduced in several nations. Additionally, it can be safely and cleanly burned provided it is properly prepared and utilized in efficient equipment. Convex in design, improved cook stoves provide insulation on all sides. Additionally, improved cook stoves have recently been developed, which can lower GHG emissions by increasing fuel efficiency and lowering the need for charcoal to produce the same amount of cooking energy.

North America held the largest share of the global charcoal briquette market during 2021. The modest growth in North America is owing to the rise in the cost of conventional fuel sources. In comparison to other conventional fuel sources, charcoal briquettes are fairly inexpensive. The industry size is anticipated to increase because of the rising demand from the residential sector. Europe has a legal obligation to use clean energy sources to reduce GHG emissions. Clean energy sources are predicted to be driven by the severe pollution regulations and rising concern over global warming.