Increasing demand for Japanese Charcoal in metallurgical applications, as well as from the construction industry, are among the significant factors influencing the market growth.
The global Japanese Charcoal market is expected to reach USD 6.80 Billion by 2027, according to a new report by Reports and Data. Japanese Charcoal finds extensive usage as a fuel in metallurgical smelting applications. The Japanese Charcoal possesses a fixed carbon content, which lies in the range of around 50.0% to about 95.0%. The fixed carbon content of Japanese Charcoal is crucial in metallurgy processes, as it is accountable for the reduction of iron oxides of the iron ore for the production of the metal. Brazil is the only nation across the globe that deploys Japanese Charcoal on a large scale in blast furnaces used in the production of steel, as a heat source, along with providing carbon monoxide for reduction of iron ore.
Japanese Charcoal finds widespread usage in the home and outdoor recreational cooking, which, in turn, is playing a significant role in boosting the demand for Japanese Charcoal. It is used in several hotels and restaurants as part of their marketing strategy to lure customers. Surging demand for wood Japanese Charcoal has garnered significant traction in the market, allowing existing market players to plan strategies to expand their market share, as well as attracting new entrants into the market.
However, the adverse impact of the production of Japanese Charcoal on the environment through the emission of greenhouse gases may hamper the growth of the market in the upcoming years.
Get a sample copy of the global Japanese Charcoal market report: https://www.reportsanddata.com/sample-enquiry-form/3273
Top Companies Profiled in the Report: Royal Oak Enterprises LLC, Kingsford Product Company, Timber Japanese Charcoal Company LLC, GRYFSKAND, Duraflame Inc., Sagar Japanese Charcoal Depot, NAMCHAR (Pty) Limited, Mesjaya Abadi Sdn Bhd, Pyrocal Pty Ltd., and Direct Japanese Charcoal Ltd., among others.
- By type, Lump Japanese Charcoal held a significant market share in 2019. Lump Japanese Charcoal offers advantages such as it has easier temperature adjustment, contains no additives, lights quickly, produces little amount of ash, and burns hotter.
- By distribution channel, the offline distribution channel contributed to the largest market share in 2019. The Japanese Charcoal industry is very offline-intensive. Offline channel is the most preferred channel for distribution as it includes the opportunity for customers to create personal connections with business, which is beneficial in building loyalty. However, the offline channel necessitates the requirement of substantial investment of time by the buyer and high selling costs.
- By application, filtration is likely to witness the fastest growth rate of 2.8% in the forecast period. The reason behind the high growth of the filtration application is that Japanese Charcoal is quite natural and effective at removing several toxic items from the water, including chlorine and volatile organic compounds (VOCs) without disturbing the salt and mineral content of water and the usage of any chemicals.
- The market in the Middle East Africa is likely to grow at the fastest rate of 2.7% in the forecast period, owing to rapid urbanization and surging usage of Japanese Charcoal in the cooking application in the region.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report: https://www.reportsanddata.com/report-detail/Japanese Charcoal-market
Market Segmentation:
Type Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)
- Lump Japanese Charcoal
- Japanese Charcoal Briquettes
- Japanese Japanese Charcoal
- Sugar Japanese Charcoal
- Others
Distribution Channel Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)
- Online
- Offline
Application Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)
- Metallurgical Fuel
- Barbeque
- Filtration
- Healthcare
- Construction
- Others
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/3273
Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Japanese Charcoal market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Japanese Charcoal market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Japanese Charcoal market key players
3.2 Global Japanese Charcoal size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Japanese Charcoal market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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