Data Bridge Market Research analyses that the Middle East and Africa charcoal market is expected to reach the value of USD 4,604.01 million by 2029, at a CAGR of 2.9% during the forecast period. The charcoal market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Middle East and Africa Charcoal market research report contains market data that can be relatively essential when it comes to dominate the market or make a mark in the market as a new emergent. The purpose of this market document is to provide a detailed analysis of this industry and its impact based on applications and on different geographical regions. It also strategically analyses the growth trends and future prospects. This market report is a resource for getting current as well as upcoming technical and financial details of the industry to 2029. A promotional Middle East and Africa Charcoal report also enlists the leading competitors and provides the insights about the strategic industry analysis of the key factors influencing this industry.
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Market Definition
Charcoal is a manmade black carbon residue product that is produced the plant material such as wood. This process is carried out in the presence of oxygen to remove volatile and water constitutes Due to increased demand for the product in recreational cooking and metal manufacturing, building & construction, healthcare, industrial filtration, and pharmaceutical applications, the Middle East and Africa charcoal market is estimated to develop significantly over the forecast period. In recreational cooking, charcoal can be used as a substitute for coal. In addition, the increased popularity of barbeque cooking in restaurants is likely to boost demand for charcoal.
The top notch Middle East and Africa Charcoal market report uses a range of steps for collecting, recording, analyzing, and interpreting market data to make this report all-inclusive. The data and the information concerning the industry are derived from consistent sources. The report speaks about the manufacturing process, type and applications. This industry analysis document also endows with the list of the leading competitors and their moves such as joint ventures, acquisitions, and mergers etc. Middle East and Africa Charcoal market analysis report also makes available statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market.
Charcoal Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The demand for charcoal is increasing mainly due to urban population in developing countries. More than half the Middle East and Africa population now lives in cities, and urban-dwellers are restricted to charcoal use because of easiness of production, access, transport, and tradition. Urbanization have influenced the type of fuels used and also the total energy consumption for different functions which have further increased the demand for charcoal production across the region.
In much of the world, barbecuing is practically very common activity in many regions especially in summer time. And while some people grill with gas and electricity, many people also prefers grilling with charcoal gives their food with a particularly smoky flavour. Furthermore, charcoal is mostly used for recreational barbecuing in places like North America and Europe, but it’s the primary cooking fuel in most African nations. In addition, it is reported that the market is majorly driven by the rising influence of grilled food worldwide and the growing adoption of grilled food among millennials. In addition, lockdown restrictions and the need to maintain social distancing due to the ongoing COVID-19 pandemic have resulted in more number of people staying at home. Thereby, an increasing number of people have been engaged in-home cooking and organizing small social events at home. This situation has resulted in an increasing demand for home cooking equipment and materials.
Opportunity
Traditional stoves for heating and cooking at the household level are typically inefficient and generate considerable indoor air pollution, which can be deleterious to human health. Improved cook stoves have been deployed in many countries in attempts to improve cooking and heating efficiency and reduce indoor pollution in domestic households. Furthermore, charcoal can be burned cleanly and safely if prepared properly and used correctly in efficient appliances. Improved cook stoves are convex in shape and insulated on all sides. Because of their insulation, they require less charcoal to generate an equivalent amount of useful heat, and they retain heat for longer. Also, recently there is the introduction of improved cook stoves that can reduce GHG emissions by improving fuel efficiency and thereby reducing demand for charcoal for the same quantity of cooking energy.
Some of the major players operating in the charcoal market are
E & C Charcoal,
Jumbo Charcoal (Pty) Ltd.,
Etosha ,
The Clorox Company,
NamCo Charcoal
Timber Products,
Namchar ,
Mesjaya Sdn Bhd.
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Post-COVID-19 Impact on Charcoal Market
COVID-19 created a major impact on the charcoal market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods.
The COVID-19 pandemic has impacted the charcoal market to an extent in negative manner. So, the market has resulted in a lower estimated year-on-year growth rate as compared with 2019 because of the fewer amounts of activities of the sectors associated with the charcoal market. However, the growth has been high after the market has opened after COVID-19, and it is expected that there would be considerable growth in the sector owing to higher demand of barbequed food. And this factor is further expected to drive the overall growth of the market.
Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the charcoal. With this, the companies will bring advanced technologies to the market. In addition, government initiatives for usage of electric vehicle has led to the market’s growth
Recent Development
Middle East and Africa Charcoal Market Scope
The charcoal market is segmented on the basis of product and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
On the basis of product, the Middle East and Africa charcoal market is segmented into lump charcoal, charcoal briquettes, Japanese charcoal, sugar charcoal, others.
Application
On the basis of application, the Middle East and Africa charcoal market has been segmented into below outdoor activities, restaurant business, metallurgical fuel, industrial fuel, filtration, others.
Charcoal Market Regional Analysis/Insights
The charcoal market is analysed and market size insights and trends are provided by country, product, and application as referenced above.
The countries covered in the charcoal market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa. Egypt dominates the Middle East and Africa charcoal market. Egypt has demonstrated massive demand for cheaper and more efficient wood fuel.
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Important Sections from TOC
Report Overview: It provides a quick look at product and application segments of this market, major players, study objectives, years considered, and research scope.
Executive Summary: It provides an overview of the entire market research study and quick information on this market.
Marketing Strategy Analysis: It includes a thorough analysis of downstream customers, distributors, and sales channels.
Market Influence Factors Analysis: It includes Porter’s Five Forces Analysis of this market and an in-depth study on market risks, challenges, opportunities, and other dynamics.
Size Forecasts: The report has analyzed the industry based on the value and volume over the projected period. Other important parameters including price, capacity, cost, revenue, gross margin, sales revenue, and production are also looked into
Future Prospects: The report sheds light on the lucrative business prospects that may prove promising for the players to make future investment
Trend Analysis: The readers will gain an insight into the upcoming trends and developments that may take place in the coming future
Market Size by Product and Application: It includes accurate market size forecasts for different product and application segments of the report.
Competitive Analysis: The report here discusses the key strategic initiatives considered by the key players to sustain their hold. This analysis will surely help the competitors in planning their activities ahead.
Cost and Price Analysis: The authors of the report have taken into account almost all factors influencing the costing and pricing scenarios of this report.
Recommendations: Players can use the recommendations provided in the report to increase their competitiveness in the report.
Appendix: It covers a disclaimer, author details, data sources, research approach, and research methodology.
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