Coal Briquettes Market Analysis

Composition (Wood Charcoal, Coal Dust, Peat & Paper, Saw Dust, Wood Chips)

The global coal briquettes market is segmented and analyzed for demand and supply by composition into wood charcoal, coal dust, peat & paper, sawdust, and wood chips. Out of the five types, the wood charcoal segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing pollution in urban areas. There is an increasing focus on wood charcoal briquettes since they are more environmentally friendly, may ease the strain on forests, and can minimize pollution in metropolitan areas. Further compared to conventional logs, wood briquettes burn cleaner, hotter, longer, and more cheaply. They burn longer than firewood and provide greater actual thermal value and far less ash content. Properties such as low moisture content contribute to their higher efficiency, all these factors in turn are predicted to boost the growth of the market segment in the future. According to estimates, over 1 million fatalities are brought on by urban outdoor air pollution each year.

Application (Metallurgy, Food Processing)

The global coal briquettes market is also segmented and analyzed for demand and supply by application into metallurgy, food processing, and others. Amongst these three segments, the metallurgy segment is expected to garner a significant share. The growth can be attributed to growing construction activities across the globe. To construct buildings, steel is the most common engineering material used to provide support, huge strength, and high durability to the building. Further, to manufacture steel one essential ingredient is needed which is metallurgical coal, which is utilized to create coke. For instance, metal is heated at a temperature of around 1100 °C to purge it of water and other chemicals before being used to produce steel. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments: