Coal Briquettes Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Composition (Wood Charcoal, Coat Dust, Peat & Paper, Saw Dust, Wood Chips), By Application (Metallurgy, Food Processing), By Region, By Competition, 2018-2028

  • Industry : Power
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 3.08 billion

CAGR (2023-2028)

5.19%

Fastest Growing Segment

Metallurgy

Largest Market

Asia Pacific


Market Overview

Global Coal Briquettes Market has valued at USD 3.08 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.19% through 2028.

The global Coal Briquettes Market refers to the industry segment dedicated to the production, distribution, and utilization of coal briquettes as an energy source. Coal briquettes are compacted and densified forms of coal, created through a briquetting process that enhances their energy content and handling properties. These briquettes serve as an alternative to loose coal, offering several advantages such as improved energy efficiency, reduced environmental impact, and ease of transportation and storage. The market encompasses various stakeholders, including coal mining companies, briquette manufacturers, energy utilities, industrial facilities, and consumers seeking cost-effective and environmentally responsible energy solutions. Coal briquettes find applications in electricity generation, industrial processes, residential heating, and steel production, among others.

Key factors influencing the global Coal Briquettes Market include the demand for affordable and reliable energy sources, stringent environmental regulations, efforts to reduce carbon emissions, and the need to balance energy security with sustainability goals. As the world grapples with the challenges of climate change and strives for cleaner energy practices, the market continues to evolve in response to changing energy dynamics and technological innovations aimed at improving the environmental performance of coal briquettes.

Key Market Drivers

Rising Energy Demand

One of the foremost drivers of the global Coal Briquettes Market is the ever-increasing global energy demand. As populations grow, industries expand, and urbanization accelerates, the need for affordable and reliable energy sources has surged. Coal briquettes offer a readily available and cost-effective solution to meet this growing energy demand, particularly in regions with abundant coal resources.

Cost-Efficiency and Price Stability

The cost-efficiency and price stability of coal briquettes play a pivotal role in driving market growth. Briquetting processes enhance the energy density of coal, making it a more economically viable option for energy generation compared to loose coal. Moreover, the standardized size and composition of briquettes contribute to price stability, reducing the vulnerability of energy costs to market fluctuations. This cost-effectiveness and price predictability make coal briquettes an attractive choice for industries and utilities seeking to manage their energy expenses.

Environmental Regulations and Emission Reduction Goals

Stringent environmental regulations and emission reduction goals, enacted by governments worldwide, serve as compelling drivers of the Coal Briquettes Market. Briquettes offer a cleaner and more environmentally friendly means of utilizing coal. They produce fewer emissions and pollutants compared to raw coal, aligning with regulatory requirements aimed at mitigating environmental impacts. Industries and utilities adopt coal briquettes to achieve compliance with emissions standards and contribute to sustainability objectives.

Industrial Applications and Steel Production

The industrial sector, with a specific focus on steel production, serves as a significant driver of the Coal Briquettes Market. Coal briquettes are employed as a source of carbon in various industrial processes, including steelmaking. The demand for steel remains robust globally, and coal briquettes provide an efficient and reliable carbon source required for steel production. As industrial activities continue to expand, so does the demand for coal briquettes in these applications.

Energy Security and Supply Reliability

Energy security and supply reliability concerns are driving factors behind the adoption of coal briquettes. As nations strive to ensure a stable energy supply and reduce dependency on imported energy resources, coal briquettes offer a dependable and indigenous energy source. Storage and transportation advantages further enhance the reliability of coal briquettes, making them an essential component of energy security strategies.

Technological Advancements and Innovation

Continual technological advancements and innovations in the coal briquetting industry are fostering market growth. Research and development efforts focus on enhancing briquette quality, improving production efficiency, and reducing environmental impacts. Innovations in briquetting technologies, binder materials, and manufacturing processes lead to better performance and broader adoption of coal briquettes as an energy solution. These advancements are making coal briquettes even more attractive to industries, utilities, and consumers seeking cleaner and more efficient energy alternatives.

Government Policies are Likely to Propel the Market

Emission Reduction Targets and Regulations

Governments worldwide are implementing stringent emission reduction targets and regulations to combat air pollution and address climate change. In the context of the global Coal Briquettes Market, governments are adopting policies that incentivize the use of cleaner energy sources and technologies. These policies may include setting limits on emissions from coal combustion, imposing carbon pricing mechanisms, and offering tax incentives for industries and utilities that transition to low-emission energy sources. Such policies aim to reduce the environmental impact of coal briquette usage and encourage the adoption of cleaner energy alternatives.

Energy Security and Indigenous Resource Utilization

Many governments prioritize energy security by promoting the utilization of indigenous energy resources, including coal. Policies are often enacted to ensure a stable and reliable energy supply by encouraging domestic coal production and processing. These policies may include subsidies for coal mining and briquetting operations, infrastructure development to enhance coal transport, and strategic stockpiling of coal briquettes to mitigate supply disruptions. By leveraging domestic coal resources, governments aim to enhance energy security and reduce reliance on imported energy sources.

Carbon Capture and Storage (CCS) Incentives

To address the environmental concerns associated with coal combustion, some governments offer incentives for Carbon Capture and Storage (CCS) technologies in the Coal Briquettes Market. CCS allows for the capture of carbon dioxide (CO2) emissions from coal-based energy generation and their subsequent storage or utilization. Government policies may include grants, tax credits, or research funding to promote the development and deployment of CCS technologies. These incentives aim to mitigate the environmental impact of coal briquette usage by reducing CO2 emissions and facilitating a transition to cleaner energy practices.

Research and Development Funding

Governments recognize the importance of technological advancements and innovation in the coal briquetting industry. As a result, they often allocate funding for research and development initiatives related to coal briquette production, environmental improvements, and energy efficiency enhancements. These policies encourage collaboration between government agencies, research institutions, and industry stakeholders to drive innovation, reduce production costs, and improve the environmental performance of coal briquettes.

Renewable Energy Integration

In alignment with broader energy transition goals, governments may implement policies to promote the integration of renewable energy sources alongside coal briquettes. These policies can include incentives for hybrid energy systems that combine coal briquette-based power generation with renewables like solar or wind. By diversifying energy sources and encouraging cleaner energy generation, governments seek to reduce the environmental footprint of the Coal Briquettes Market and contribute to sustainable energy practices.

Export and Trade Regulations

Governments often establish export and trade regulations that impact the global coal briquette trade. These policies can include export tariffs, quality standards, and certification requirements. By regulating coal briquette exports, governments aim to ensure product quality, promote responsible production practices, and protect domestic energy security interests. Additionally, trade regulations may align with environmental objectives by encouraging the export of cleaner-burning coal briquettes that meet specific emissions standards.

In summary, government policies in the global Coal Briquettes Market encompass a range of strategies, including emission reduction targets, energy security measures, incentives for carbon capture and storage, research funding, renewable energy integration, and export and trade regulations. These policies reflect a balance between energy needs, environmental concerns, and economic considerations, with the aim of promoting cleaner and more sustainable energy practices.

 

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Key Market Challenges

Environmental Concerns and Emissions Reduction

One of the foremost challenges facing the global Coal Briquettes Market is the persistent environmental concerns and the imperative to reduce emissions. Coal, in any form, is associated with significant greenhouse gas emissions and air pollutants when burned for energy generation. Despite the relatively lower emissions of coal briquettes compared to raw coal, they are still far from being considered a clean energy source. The continued use of coal briquettes can hinder efforts to achieve ambitious emissions reduction targets and combat climate change. Government regulations and international agreements, such as the Paris Agreement, require substantial reductions in carbon emissions. Coal briquettes' contribution to these emissions makes their long-term viability uncertain in a world increasingly focused on sustainability. The challenge lies in finding effective solutions to mitigate the environmental impact of coal briquette usage, such as implementing carbon capture and storage (CCS) technologies or transitioning to cleaner energy sources.

Competition from Renewable Energy Sources

The global shift toward renewable energy sources poses a significant challenge to the Coal Briquettes Market. Renewable energy technologies like solar, wind, and hydropower are becoming increasingly cost-competitive and are favored for their clean and sustainable attributes. As governments and industries prioritize reducing carbon footprints and transitioning to greener energy options, the demand for coal briquettes faces competition from renewables. Renewable energy sources offer a compelling alternative to coal briquettes due to their lower environmental impact and alignment with emissions reduction goals. The challenge for the Coal Briquettes Market is to remain competitive in a changing energy landscape. This may involve enhancing energy efficiency, exploring carbon capture and utilization technologies, or identifying niche applications where coal briquettes can provide value without compromising sustainability objectives. Adapting to the evolving energy market and finding innovative ways to reduce emissions are key challenges that the coal briquette industry must address to maintain its relevance.

Segmental Insights

Wood Charcoal Insights

The Wood Charcoal segment had the largest market share in 2022 & expected to maintain it in the forecast period. Wood charcoal is derived from biomass, primarily from wood sources such as timber residues, sawdust, wood chips, and wood shavings. These materials are abundantly available in many regions, making wood charcoal a renewable and sustainable source of energy. This availability ensures a consistent supply of raw materials for briquette production. Wood charcoal briquettes are recognized for their relatively cleaner-burning properties compared to other coal sources. They produce fewer impurities and emissions during combustion, resulting in reduced environmental impact. This aligns with global efforts to reduce carbon emissions and improve air quality. Wood charcoal briquettes find applications in a wide range of industries and sectors, including residential heating, cooking, industrial processes, and outdoor grilling. Their versatility makes them a preferred choice for various energy needs, from household heating to industrial applications. Many consumers prefer wood charcoal briquettes for their familiar and natural aroma when used for cooking or grilling. This preference drives demand for wood charcoal products, especially in the residential and foodservice sectors. As governments and consumers become increasingly conscious of environmental sustainability, wood charcoal's renewable and lower-emission characteristics make it an attractive option. Businesses and households often opt for wood charcoal briquettes to align with their sustainability goals and reduce their carbon footprint. The briquetting technology for wood charcoal is well-developed and widely accessible. This technology enables the efficient production of uniform and high-quality briquettes, further contributing to wood charcoal's dominance in the market. Wood charcoal briquettes are often traded internationally, facilitating their availability in regions with limited local production. This international trade enhances the accessibility and popularity of wood charcoal briquettes on a global scale.

Metallurgy Insights

The Metallurgy segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Metallurgy, particularly steel production, is a major consumer of coal briquettes. The steel industry relies on coal briquettes as a source of carbon, which is essential in the reduction of iron ore during the steelmaking process. As steel remains a crucial material for construction, automotive manufacturing, infrastructure development, and other industries, the demand for coal briquettes in metallurgy remains high. Metallurgical processes require energy-intensive operations, and coal briquettes provide a concentrated source of energy. The high energy content of coal briquettes makes them suitable for meeting the intense heat and energy requirements of metallurgical applications. Coal briquettes are known for their consistent quality and composition, which is critical in metallurgy. The uniformity of briquettes ensures predictable and controlled combustion and carbonization processes, essential for achieving precise metallurgical outcomes. Metallurgical operations often involve large-scale energy consumption. Coal briquettes offer economic advantages by optimizing energy efficiency, reducing wastage, and minimizing production costs. Their cost-effectiveness is a significant factor driving their dominance in metallurgical applications. Coal briquettes are versatile and can be used in various metallurgical processes beyond steelmaking, including non-ferrous metal smelting, casting, and heat treatment. This versatility extends their applicability and relevance across different segments of the metallurgical industry. The global demand for steel remains robust, driven by construction, infrastructure development, automotive manufacturing, and other industrial sectors. As long as steel continues to be a fundamental material in these applications, the demand for coal briquettes in metallurgy will remain strong. Ongoing technological advancements in metallurgy, such as the development of more efficient and cleaner processes, have contributed to the sustained demand for coal briquettes. These advancements have enhanced the efficiency and environmental performance of metallurgical applications using coal briquettes.

 

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Regional Insights

Asia Pacific

Asia Pacific is the largest market for coal briquettes, accounting for over 40% of the global market share. China is the largest market for coal briquettes in Asia Pacific, followed by India and Indonesia.

The growth of the coal briquettes market in Asia Pacific is being driven by a number of factors, including:

Rapid industrialization: Industrialization is taking place rapidly in many developing countries in Asia Pacific. This is leading to an increase in the demand for coal briquettes, as they are used to power factories, mines, and other industrial facilities.

Growing infrastructure investments: Governments in Asia Pacific are investing heavily in infrastructure development projects. This is also creating demand for coal briquettes, as they are used to power construction sites and other infrastructure projects.

Natural disasters: Natural disasters such as typhoons, floods, and earthquakes are common in Asia Pacific. Coal briquettes are used to provide backup power during these outages.

North America

North America is the second-largest market for coal briquettes. The United States is the largest market for coal briquettes in North America, followed by Canada.

The growth of the coal briquettes market in North America is being driven by a number of factors, including:

Increasing demand for energy: The demand for energy in North America is increasing due to population growth and economic development. This is leading to an increase in the demand for coal briquettes, as they are a versatile and efficient fuel.

Rising cost of traditional fuels: The cost of traditional fuels, such as oil and gas, is rising. This is making coal briquettes a more attractive option for consumers and businesses.

Government support: Governments in North America are providing financial and regulatory support to promote the development and use of renewable energy sources. This is leading to an increase in the demand for coal briquettes, as they are a renewable and sustainable fuel.

Recent Developments

  • In February 2022, Lanxess India, a subsidiary of Lanxess AG, a German specialty chemicals company, announced an investment of USD 12.5 million in a new coal briquettes plant in India. The plant is expected to be operational by 2024 and will produce 100,000 tonnes of coal briquettes per year.
  • In March 2022, Snesmi Techno Pvt. Ltd., an Indian company that manufactures coal briquettes, announced an investment of USD 6.25 million to expand its production capacity. The company plans to increase its production capacity from 20,000 tonnes per year to 50,000 tonnes per year by 2023.
  • In April 2022, Sun Company, a Chinese company that manufactures coal briquettes, announced an investment of USD 73.2 million to build a new coal briquettes plant in China. The plant is expected to be operational by 2024 and will produce 200,000 tonnes of coal briquettes per year.

Key Market Players

  • Lanxess AG
  • Snesmi Techno Pvt. Ltd.
  • Sun Company
  • Coal Hut
  • Milazzo Industries Inc
  • Milward Alloys Inc.
  • Halogen Supply Co. Inc.
  • Bepex International LLC
  • Dauber Co.

By Composition

By Application

By Region
  • Wood Charcoal
  • Coat Dust
  • Peat & Paper
  • Saw Dust
  • Wood Chips
  • Metallurgy
  • Food Processing
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Coal Briquettes Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Coal Briquettes Market, By Composition:

o   Wood Charcoal

o   Coat Dust

o   Peat & Paper

o   Saw Dust

o   Wood Chips   

  • Coal Briquettes Market, By Application:

o   Metallurgy

o   Food Processing

  • Coal Briquettes Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Coal Briquettes Market.

Available Customizations:

Global Coal Briquettes market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Coal Briquettes Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.     Secondary Research

2.5.2.     Primary Research

2.6.  Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.    Executive Summary

4.    Voice of Customer

5.    Global Coal Briquettes Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Composition (Wood Charcoal, Coat Dust, Peat & Paper, Saw Dust, Wood Chips

5.2.2.     By Application (Metallurgy, Food Processing)

5.2.3.    By Region

5.2.4.    By Company (2022)

5.3.  Market Map

6.    North America Coal Briquettes Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Composition

6.2.2.    By Application

6.2.3.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Coal Briquettes Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Composition

6.3.1.2.2.           By Application

6.3.2.    Canada Coal Briquettes Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Composition

6.3.2.2.2.           By Application

6.3.3.    Mexico Coal Briquettes Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Composition

6.3.3.2.2.           By Application

7.    Europe Coal Briquettes Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Composition

7.2.2.    By Application

7.2.3.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Coal Briquettes Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Composition

7.3.1.2.2.           By Application

7.3.2.    United Kingdom Coal Briquettes Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Composition

7.3.2.2.2.           By Application

7.3.3.    Italy Coal Briquettes Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Composition

7.3.3.2.2.           By Application

7.3.4.    France Coal Briquettes Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Composition

7.3.4.2.2.           By Application

7.3.5.    Spain Coal Briquettes Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Composition

7.3.5.2.2.           By Application

8.    Asia-Pacific Coal Briquettes Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Composition

8.2.2.    By Application

8.2.3.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Coal Briquettes Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Composition

8.3.1.2.2.           By Application

8.3.2.    India Coal Briquettes Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Composition

8.3.2.2.2.           By Application

8.3.3.    Japan Coal Briquettes Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Composition

8.3.3.2.2.           By Application

8.3.4.    South Korea Coal Briquettes Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Composition

8.3.4.2.2.           By Application

8.3.5.    Australia Coal Briquettes Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Composition

8.3.5.2.2.           By Application

9.    South America Coal Briquettes Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Composition

9.2.2.    By Application

9.2.3.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Coal Briquettes Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Composition

9.3.1.2.2.           By Application

9.3.2.    Argentina Coal Briquettes Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Composition

9.3.2.2.2.           By Application

9.3.3.    Colombia Coal Briquettes Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Composition

9.3.3.2.2.           By Application

10. Middle East and Africa Coal Briquettes Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Composition

10.2.2. By Application

10.2.3. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Coal Briquettes Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Composition

10.3.1.2.2.         By Application

10.3.2. Saudi Arabia Coal Briquettes Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Composition

10.3.2.2.2.         By Application

10.3.3. UAE Coal Briquettes Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Composition

10.3.3.2.2.         By Application

10.3.4. Kuwait Coal Briquettes Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Composition

10.3.4.2.2.         By Application

10.3.5. Turkey Coal Briquettes Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Composition

10.3.5.2.2.         By Application

11. Market Dynamics

12. Market Trends & Developments

13. Competitive Landscape

13.1.   Lanxess AG

13.1.1. Business Overview

13.1.2. Key Revenue and Financials 

13.1.3. Recent Developments

13.1.4. Key Personnel/Key Contact Person

13.1.5. Key Product/Services Offered

13.2.   Snesmi Techno Pvt. Ltd.

13.2.1. Business Overview

13.2.2. Key Revenue and Financials 

13.2.3. Recent Developments

13.2.4. Key Personnel/Key Contact Person

13.2.5. Key Product/Services Offered

13.3.   Sun Company

13.3.1. Business Overview

13.3.2. Key Revenue and Financials 

13.3.3. Recent Developments

13.3.4. Key Personnel/Key Contact Person

13.3.5. Key Product/Services Offered

13.4.   Coal Hut

13.4.1. Business Overview

13.4.2. Key Revenue and Financials 

13.4.3. Recent Developments

13.4.4. Key Personnel/Key Contact Person

13.4.5. Key Product/Services Offered

13.5.   Milazzo Industries Inc

13.5.1. Business Overview

13.5.2. Key Revenue and Financials 

13.5.3. Recent Developments

13.5.4. Key Personnel/Key Contact Person

13.5.5. Key Product/Services Offered

13.6.   Milward Alloys Inc.

13.6.1. Business Overview

13.6.2. Key Revenue and Financials 

13.6.3. Recent Developments

13.6.4. Key Personnel/Key Contact Person

13.6.5. Key Product/Services Offered

13.7.   Halogen Supply Co. Inc.

13.7.1. Business Overview

13.7.2. Key Revenue and Financials 

13.7.3. Recent Developments

13.7.4. Key Personnel/Key Contact Person

13.7.5. Key Product/Services Offered

13.8.   Bepex International LLC

13.8.1. Business Overview

13.8.2. Key Revenue and Financials 

13.8.3. Recent Developments

13.8.4. Key Personnel/Key Contact Person

13.8.5. Key Product/Services Offered

13.9.   Dauber Co.

13.9.1. Business Overview

13.9.2. Key Revenue and Financials 

13.9.3. Recent Developments

13.9.4. Key Personnel/Key Contact Person

13.9.5. Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Coal Briquettes Market was USD 3.08 billion in 2022.

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The Wood Charcoal segment had the largest market share in 2022 & expected to maintain it in the forecast period. Wood charcoal is derived from biomass, primarily from wood sources such as timber residues, sawdust, wood chips, and wood shavings. These materials are abundantly available in many regions, making wood charcoal a renewable and sustainable source of energy. This availability ensures a consistent supply of raw materials for briquette production.

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The Metallurgy segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Metallurgy, particularly steel production, is a major consumer of coal briquettes. The steel industry relies on coal briquettes as a source of carbon, which is essential in the reduction of iron ore during the steelmaking process. As steel remains a crucial material for construction, automotive manufacturing, infrastructure development, and other industries, the demand for coal briquettes in metallurgy remains high.

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Increasing demand for energy and growing infrastructure investments are the major drivers of the Global Coal Briquettes Market.

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Parvati Sharma

Account Manager BD
Press Release

Coal Briquettes Market to Grow with a CAGR of 5.19% through 2028

Oct, 2023

Increasing demand for energy and growing infrastructure investments are likely to drive the market in the forecast period.

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