MEA Wood Charcoal Market Share, Trends, Revenue, Demand, Growth Strategy, Challenges, Opportunities and Future Competition Till 2033


MEA Wood Charcoal Market Share, Trends, Revenue, Demand, Growth Strategy, Challenges, Opportunities and Future Competition Till 2033: SPER Market Research

 Category : Chemical & Materials

 Published: Jan-2024
 Author: SPER Analyst

Middle East and Africa Charcoal Market is projected to be worth USD 5220.19 million by 2033 and is anticipated to surge at a CAGR of 3.19%.

Charcoal is made from man-made black carbon residue, which comes from wood and other plant materials. In order to remove materials that are volatile or contain water, this procedure is carried out in the presence of oxygen. Because of the rising demand for the product in recreational cooking, metal manufacturing, building and construction, healthcare, industrial filtration, and pharmaceutical applications, the Middle East and Africa charcoal market is expected to grow. If you cook outside, you can use charcoal in place of coal. Moreover, the growing popularity of barbecue in restaurants will likely increase demand for charcoal.

Middle East and Africa Charcoal Market Driving Factors and Challenges

Drivers: Shift in the desire for more efficient and superior stoves. Inefficient and a major source of indoor air pollution, conventional stoves are commonly used in homes for cooking and heating. These factors can have detrimental effects on people's health. Many countries have introduced improved cook stoves in an attempt to reduce indoor pollution in residential homes and improve cooking and heating efficiency. Charcoal can also burn cleanly and safely when prepared properly and used in energy-efficient appliances. Contemporary cook stoves feature all-around insulation and convex shapes. Because of their insulation, they hold heat for longer periods of time and require less charcoal to produce an equivalent amount of useful heat.

Challenges: A complex interplay of cultural, economic, and environmental factors shape the Middle East and Africa charcoal market, affecting both the region's production and consumption of charcoal. With a long history of using charcoal for heating and cooking, both urban and rural populations have consistently driven demand for the product. Especially in regions with limited access to contemporary energy infrastructure, charcoal continues to be a crucial energy source in many African nations. On the other hand, the charcoal industry is coming under more scrutiny due to worries about deforestation and environmental sustainability. Initiatives for reforestation and the implementation of effective kiln technologies are two examples of how sustainable charcoal production methods are being promoted.

Impact of COVID-19 on Middle East and Africa Charcoal Market
The market for charcoal has been significantly impacted by the COVID-19 pandemic because almost all nations have decided to close down all production facilities save for those that make necessities. The market for charcoal has suffered a little from the COVID-19 pandemic. The charcoal market has generated an estimated year-over-year growth rate that is lower than it was in 2019 because fewer sectors are involved in it. However, the market has grown quickly since it opened after COVID-19, and it is projected that the industry will grow significantly as a result of the rising demand for barbecued food. Moreover, it is expected that this element will drive the market's overall expansion.

Middle East and Africa Charcoal Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; C Charcoal, Etosha, Jumbo Charcoal (Pty) Ltd., Mesjaya Sdn Bhd., Namchar, NamCo Charcoal and Timber Products, The Clorox Company.

Middle East and Africa Charcoal Market Segmentation:

By Product: Based on the Product, Middle East and Africa Charcoal Market is segmented as; Lump Charcoal, Charcoal Briquettes, Japanese Charcoal, Sugar Charcoal, Others.

By Application: Based on the Application, Middle East and Africa Charcoal Market is segmented as; Outdoor Activities, Restaurant Business, Metallurgical Fuel, Industrial Fuel, Filtration, Others.

By Region: This research also includes data for Saudi Arabia, UAE, South Africa, Egypt, Israel, Rest of Middle East and Africa.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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