Global Coal Market Report 2022: Impact of the Ukraine-Russia War

NEW YORK, Nov. 25, 2022 /PRNewswire/ —

The major players in the coal market are Namchar Pty. Ltd., Mesjaya Abadi Sdn Bhd, Royal Oak Enterprises LLC, Kingsford Products Company, The Saint Louis Charcoal Company LLC, Gryfskand sp. z oo, Matsuri International Co. Ltd., The Oxford Charcoal Company, Duraflame Inc., The Dorset Charcoal Co., Fire & Flavor Grilling Company, Fogo Charcoal Co, Southern Fuelwood, Parker Charcoal Co., The Clorox Co., Timber Charcoal Co. LLC, Two Trees Products, Cooks International LLC, Bricapar SA, Braai & BBQ International Pty Ltd, PT Cavron Global, Dancoal Sp. Zoo, Carbo Namibia Pty Ltd, Direct Charcoal Ltd, Maurobera SA, Rancher Charcoal, Sagar Charcoal and Firewood Depot, Blackwood Charcoal, The Original Charcoal Company and B&B Charcoal.

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The global coal market is expected to grow by $4.78 billion in 2021 y $5.04 billion in 2022 at a compound annual growth rate (CAGR) of 5.4%. The RussiaUkraine the war has cut short the chances of a global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, increased commodity prices, and supply chain disruptions, affecting many markets around the world. The coal market is expected to grow to $5.6 billion in 2026 at a CAGR of 2.7%.

The coal market consists of the sale of coal-based products by entities (organizations, sole proprietorships and partnerships) that are used for cooking, metallurgy and industrial fuel. Carbon is the impure form of graphitic carbon, obtained as a residue when carbonaceous material is partially burned or heated with limited access to air.

Charcoal comes in different forms which include coke, carbon black and soot.

The main types of charcoal products are charcoal, charcoal briquettes, Japanese charcoal and sugar charcoal. Charcoal is used as fuel for grilling and grilling.

Charcoal refers to charcoal that has been produced from natural wood that has been reduced to charcoal using a variety of methods, the most common of which is burning without oxygen to reduce it to a charred state without consuming the wood in the process. The various applications are outdoor activities, food service activities, metallurgical fuels, industrial fuels and filtration.

Asia Pacific was the largest region in Coal Market in 2021. Regions covered in the Coal Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa.

The growing popularity of grilled food is significantly contributing to the growth of the charcoal market in the future. Barbecue refers to a type of food preparation in which various foods including vegetables, meat, fish, and so on are cooked over an open fire grill.

Because charcoal heats up quickly and imparts a smoky flavor to the meal, it is often used as an open fire fuel in preparing barbecue food. For example, according to National BBQ week, a UK-based barbecue blog, in 2021, the UK hosted around 165 million barbecues, including 15 million during the Easter holiday alone.

Thus, the growing popularity of grilled food is driving the growth of the charcoal market.

Product innovation is the key trend gaining popularity in the coal market. Leading companies operating in the coal industry are focused on new product innovation to increase their market coverage.

For example, inside March 2022Kingsford, a US-based charcoal company, has introduced Signature Flavors, a new line of flavor enhancers for charcoal grills and pellets for pellet grills. Signature Flavors feature charcoal briquettes that are pre-seasoned with flavor enhancers to slowly release flavor as the user grills.

This product introduced three new flavors: paprika onion garlic, thyme sage basil and chilli cumin for use in barbecues.

In June 2021Kingsford, a US-based company that manufactures charcoal briquettes, has partnered with Ben Baller for an undisclosed amount. Through this partnership, they would create a limited edition custom Everdure Cube grill set that would be used by novice and experienced grillers alike.

Ben Baller is a jewelry designer based in the United States.

The countries covered in the Coal Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South KoreaUK, United States of America.

The Coal Market Research report is one of a series of new reports that provide statistics on the Coal market, including global Coal industry market size, regional share, competitors with Coal market shares, market segments coal insights, market trends and opportunities, and any additional data you may need to thrive in the coal industry. This Coal Market Research Report provides a comprehensive perspective of everything you need to know with an in-depth analysis of the current & future scenario of the industry.

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