Coal Briquettes Market Overview

The global Coal Briquettes Market is estimated to reach USD 4.7 billion by 2030, to grow at a compound annual growth rate (CAGR) of 5.18%% from 2022 to 2030. It was valued at USD 2.8 billion in 2022.

The market’s expansion can be ascribed to the product’s increasing use in industrial industries, such as the steel industry, where high temperatures and heat are required. Furthermore, coal briquettes have a longer burn capacity and release fewer hazardous pollutants compared to traditional methods. This is also predicted to fuel the market’s expansion in the upcoming years. In addition, increased demand for renewable energy around the world and rising investments in coal briquettes by numerous Asian and African countries to address rising energy demand are expected to provide sufficient growth possibilities for the market soon. Renewable energy use increased by 3% in 2020, according to the International Energy Agency (IEA). In addition, renewables accounted for 29% of total electricity generation in that year, up from 27% in 2019.

What are Coal Briquettes?

Briquettes are compressed blocks of coal dust or other flammable biomass material (such as charcoal, sawdust, wood chips, peat, or paper) used as fuel and kindling to start a fire. Briquettes have long been used to dispose of small coal, the finely fragmented coal that is necessarily created during the mining process. Otherwise, it’s difficult to get enough airflow through a fire made up of these little bits, and such fuel tends to be pushed up and out of the chimney by the draught, producing visible black smoke.

Growth Drivers

Rising Construction Industry

The worldwide construction market grew to USD 12,640 billion in 2022 during the projection period. Over the forecast period, rising urbanization due to global population increase and rising disposable income is expected to fuel worldwide construction industry revenue development. Rapid technical breakthroughs in infrastructure development and rising demand for environmentally friendly structures with low carbon footprints are all contributing to the global construction market’s expansion. Another factor projected to drive construction market growth is improving economic conditions in developing countries, which would lead to increased consumer disposable income and government investment in public infrastructure. The coal briquette press machine also features simple operation and high efficiency on the one hand, and on the other, the construction and running of biomass briquettes plant will demand employment, which to some extent makes full use of laid-off workers. Thus, the rising construction industry is estimated to be the coal briquettes market.

Growing Demand for Renewable Energy

The renewable energy sector has proven to be surprisingly resilient. Renewable energy resources have become one of the most competitive energy sources in many locations due to rapid technological advancements, falling costs, and the growing competitiveness of battery storage. Despite supply chain constraints, higher shipping costs, and rising prices for key commodities, capacity installations reached new highs. Concerns about climate change and support for environmental, social, and governance (ESG) factors are growing, and demand for cleaner energy sources is increasing across most market segments. Therefore renewable energy growth is expected to accelerate in 2022.

Pre Covid-19 Impact on Global Coal Briquettes Market

Before the pandemic, the rise in energy demand in 2018 and 2019 saw a gradual increase as energy efficiency increased due to lower cooling and heating demand. Before 2020, the industrial sector accounted for the majority of demand, although its use in providing a wide range of foods also contributed to the market’s expansion. As these two industries continue to flourish, they positively impact the market.

Covid-19 Impact on Global Coal Briquettes Market

The outbreak of Coronavirus in 2020 reduced electricity demand by 1%, resulting in government-imposed shutdowns to prevent the spread of the virus, which was followed by the shutdown of various company operations, affecting their growth. Coal briquettes have not faced any additional hurdles due to the pandemic. COVID-19 revealed previously unknown weaknesses in some areas, and many organizations have experienced employee shortages and losses due to it.

Post Covid-19 Impact on Global Coal Briquettes Market

Following the pandemic, Leading metallurgy businesses have been able to invest in strategic projects as their focus on boosting production has shifted. Due to increased air travel, demand for commercial aircraft is predicted to double in 20 years, propelling the market growth.

By Composition Segment Analysis

Composition segment, the market is categorized into Wood Charcoal, Coal Dust, Peat & Paper, Saw Dust, and Wood Chips. The Wood Charcoal segment is expected to have a considerable growth rate over the projection period by 2030. This can be attributed to this coal briquette’s high efficiency, higher practical thermal value, and lower ash content. Apart from that, a growing emphasis is being placed on wood charcoal briquettes, which are more sustainable and can lessen forest pressure while also lowering pollution levels in metropolitan areas. This, in turn, is expected to increase the market segment’s future growth.

By Application Segment Analysis

Application segment, the market is categorized into Metallurgy, Food Processing, and Others. The Metallurgy segment is expected to dominate the market over the projection period by 2030. Powder metal pieces have good controlled porosity and self-lubricating qualities, making them suitable for the filtration of gases and liquids. As a result, powder metallurgy is a highly recommended procedure for fabricating parts with complex bends, depressions, and projections, which is expected to boost the worldwide Coal Briquettes market.

By Region Segment Analysis

Region segment, the market is bifurcated into North America, Europe, Asia-Pacific, South America, and The Middle East & Africa. The North American market is expected to dominate the market over the forecast period of 2022-2030. Soon, the growing usage of charcoal in water filtration, gas masks, and chemical production is likely to fuel market expansion. Furthermore, rising expenditure on commercial food services due to fast-growing urbanization will likely drive market segment growth in the upcoming years. In Asia-Pacific, the traditional usage of wood charcoal as a fuel, rising need for clean water, and everyday uses such as chemical products are expected to drive market expansion.

Competitors Analysis

The Companies Boston Scientific Corporation, Corinth MedTech, Inc., Hill-Rom Holdings, Inc., OBP Medical Corporation, Coloplast A/S, OTU Medical Inc., 3NT Medical Ltd., Prosurg Inc., HOYA Corporation, KARL STORZ SE & Co. KG, and Other Prominent Players in the Coal Briquettes.

Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global coal briquettes manufacturing firm
• Local Governments
• Regulatory bodies
• Suppliers
• Retailers

Recent Developments

• In August 2021, The US Food and Drug Administration (FDA) gave the go light to 3NT’s specialist Peregrine endoscope, which identifies and treats conditions like polyps and cancers.
• In May 2019, The EXALT Model D Single-Use Duodenoscope from Boston Scientific was cleared by the FDA for use in endoscopic retrograde cholangiopancreatography (ERCP) operations.

Scope of the Report

Market Modelling

By Affected Organ

• Stomach
• Esophagus
• Small Intestine
• Pancreas
• Gallbladder
• Liver
• Colon
• Bile Ducts

By Product

• Rectal Catheter
• Infant Feeding Tube
• Ryle’s Tube
• Kehr T-Tube
• Levin’s Tube
• Others

By End-User

• Hospitals
• Clinics
• Diagnostic Centers

By Region

• North America
• Europe
• Asia-Pacific
• South America
• The Middle East & Africa

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Report Content

1.     Research Strategic Development

1.1. Market Modelling

1.2. Product Analysis

1.3. Market Trend and Economic Factors Analysis

1.4. Market Segmental Analysis

1.5. Geographical Mapping

1.6. Country Wise Segregation

2.     Research Methodology

2.1. Identification of Target Market

2.2. Data Acquisition

2.3. Refining of Data/ Data Transformations

2.4. Data Validation through Primary Techniques

2.5. Exploratory Data Analysis

2.6. Graphical Techniques/Analysis

2.7. Quantitative Techniques/Analysis

2.8. Visual Result/Presentation

3.     Executive Summary
4.     Market Insights

4.1. Supply Chain Analysis

4.2. Economic Factor Analysis

4.2.1. Drivers

4.2.2. Trends

4.2.3. Opportunities

4.2.4. Challenges

4.3. Technological Landscape

4.4. Competitors & Product Analysis

4.5. Regulatory Framework

4.6. Company market share analysis, 2022

4.7. Porter’s Five forces analysis

4.8. Price point analysis

4.9. New Investment Analysis

4.10.            PESTEL Analysis

4.11.            Covid-19 Impact on Global Coal Briquettes Market

5.     Global Coal Briquettes Market Overview

5.1. Market Size & Forecast,2017-2030

5.1.1. Demand

5.1.1.1.               By Value (USD Billion)

5.2. Market Share & Forecast, 2017-2030

5.2.1.     By Composition

5.2.1.1.               Wood Charcoal

5.2.1.2.               Coal Dust

5.2.1.3.               Peat & Paper

5.2.1.4.               Saw Dust

5.2.1.5.               Wood Chips

5.2.2.     By Application

5.2.2.1.               Metallurgy

5.2.2.2.               Food Processing

5.2.2.3.               Others

5.2.3.     By Region

5.2.3.1.               North America

5.2.3.2.               Europe

5.2.3.3.               Asia-Pacific

5.2.3.4.               South America

5.2.3.5.               The Middle East & Africa

6.     North America Coal Briquettes Market Overview

6.1. North America Coal Briquettes Market Size & Forecast,2017-2030

6.1.1. Demand

6.1.1.1.               By Value (USD Billion)

6.2. Market Share & Forecast, 2017-2030

6.2.1. By Composition

6.2.1.1.               Wood Charcoal

6.2.1.2.               Coal Dust

6.2.1.3.               Peat & Paper

6.2.1.4.               Saw Dust

6.2.1.5.               Wood Chips

6.2.2. By Application

6.2.2.1.               Metallurgy

6.2.2.2.               Food Processing

6.2.2.3.               Others

6.2.3. By Country

6.2.3.1.               US

6.2.3.2.               Canada

6.2.3.3.               Mexico

6.2.4. Company Market Share (Top 3-5)

6.2.5. Economic Impact study on North America Coal Briquettes Market

7.     Europe Coal Briquettes Market Overview

7.1. Europe Coal Briquettes Market Size & Forecast,2017-2030

7.1.1. Demand

7.1.1.1.               By Value (USD Billion)

7.2. Market Share & Forecast, 2017-2030

7.2.1. By Composition

7.2.1.1.               Wood Charcoal

7.2.1.2.               Coal Dust

7.2.1.3.               Peat & Paper

7.2.1.4.               Saw Dust

7.2.1.5.               Wood Chips

7.2.2. By Application

7.2.2.1.               Metallurgy

7.2.2.2.               Food Processing

7.2.2.3.               Others

7.2.3. By Country

7.2.3.1.               Germany

7.2.3.2.               UK

7.2.3.3.               France

7.2.3.4.               Italy

7.2.3.5.               Rest of Europe

7.2.4. Company Market Share (Top 3-5)

7.2.5. Economic Impact study on Europe Coal Briquettes Market

8.     Asia-Pacific Coal Briquettes Market Overview

8.1. Asia-Pacific Coal Briquettes Market Size & Forecast,2017-2030

8.1.1. Demand

8.1.1.1.               By Value (USD Billion)

8.2. Market Share & Forecast, 2017-2030

8.2.1. By Composition

8.2.1.1.               Wood Charcoal

8.2.1.2.               Coal Dust

8.2.1.3.               Peat & Paper

8.2.1.4.               Saw Dust

8.2.1.5.               Wood Chips

8.2.2. By Application

8.2.2.1.               Metallurgy

8.2.2.2.               Food Processing

8.2.2.3.               Others

8.2.3. By Country

8.2.3.1.               India

8.2.3.2.               Japan

8.2.3.3.               Australia

8.2.3.4.               Rest of Asia Pacific

8.2.4. Company Market Share (Top 3-5)

8.2.5. Economic Impact study on Asia-Pacific Coal Briquettes Market

9.     South America Coal Briquettes Market Overview

9.1. South America Coal Briquettes Market Size & Forecast,2017-2030

9.1.1. Demand

9.1.1.1.               By Value (USD Billion)

9.2. Market Share & Forecast, 2017-2030

9.2.1. By Composition

9.2.1.1.               Wood Charcoal

9.2.1.2.               Coal Dust

9.2.1.3.               Peat & Paper

9.2.1.4.               Saw Dust

9.2.1.5.               Wood Chips

9.2.2. By Application

9.2.2.1.               Metallurgy

9.2.2.2.               Food Processing

9.2.2.3.               Others

9.2.3. By Country

9.2.3.1.               Brazil

9.2.3.2.               Argentina

9.2.3.3.               Rest of South America

9.2.4. Company Market Share (Top 3-5)

9.2.5. Economic Impact study on South America Coal Briquettes Market

10. The Middle East & Africa Coal Briquettes Market Overview

10.1.            The Middle East & Africa Coal Briquettes Market Size & Forecast,2017-2030

10.1.1.                        Demand

10.1.1.1.           By Value (USD Billion)

10.2.            Market Share & Forecast, 2017-2030

10.2.1.                        By Composition

10.2.1.1.           Wood Charcoal

10.2.1.2.           Coal Dust

10.2.1.3.           Peat & Paper

10.2.1.4.           Saw Dust

10.2.1.5.           Wood Chips

10.2.2.                        By Application

10.2.2.1.           Metallurgy

10.2.2.2.           Food Processing

10.2.2.3.           Others

10.2.3.                        By Country

10.2.3.1.           Saudi Arabia

10.2.3.2.           UAE

10.2.3.3.           South Africa

10.2.3.4.           Rest of the Middle East & Africa

10.2.4.                        Company Market Share (Top 3-5)

10.2.5.                        Economic Impact study on The Middle East & Africa Coal Briquettes Market

11. Competitor Analysis

11.1.   Company Description

11.2.   Financial Analysis

11.3.   Key Products

11.4.   Key Management Personnel

11.5.   Contact Address

11.6.   SWOT Analysis

11.7.   Company Profile

11.7.1. Duraflame Inc.

11.7.2. Timber Charcoal Company Co. LLC

11.7.3. Kingsford Products Company

11.7.4. Gryfskand sp. z o.o

11.7.5. Royal Oak Enterprises, LLC

11.7.6. Weber-Stephen Products LLC

11.7.7. Snesmi Techno Pvt Ltd

11.7.8. Bepex International LLC

11.7.9. Halogen Supply Co. Inc.

11.7.10.                        Sun Company

11.7.11.                        Other prominent players