According to the research report titled ‘Global Wood Charcoal Market Size study, by Product Type (Charcoal Lump, Charcoal Briquettes, Charcoal Powder), End use (Residential (Gardening, Cooking Fuel), Commercial Paints & Sketches, Commercial restaurants, Water Treatment, Industrial, Household, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global wood charcoal market is projected to record a substantial growth over 2020-2027.
 

Global wood charcoal market growth is primarily driven by rising usage in dialysis machines, deodorization processes, and purification.
 

For those unfamiliar, wood charcoal is a black substance that is hard, highly carbonaceous, and permeable to remove volatile elements and moisture. Notably, pyrolysis is the process of heating a material in the absence of oxygen, which allows charcoal to burn at high temperatures, emitting less smoke with comparable tenacity to wood scorching.
 

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Activated wood-charcoal is widely used in the pharmaceutical industry and as a solution for emergency poison treatment. It purifies water of color and odor, while wood charcoal aids in the removal of impurities in the treatment of industrial wastewater.
 

Product launches, mergers & acquisitions, alliances & agreements, investment, financing, and other tactics have been adopted by key players in the worldwide wood charcoal industry to gain a competitive edge. Citing an instance, The HERO Grill, introduced by The Fire & Flavor Grilling Company in September 2019, is an environment friendly, recyclable charcoal pod for quick, sustainable grilling. With low VOC (volatile organic compounds) and an hour of grilling time, the quick illuminating charcoal pods are completely natural.
 

Considering the negatives, increasing competition and low supply of raw materials are likely to impede the business expansion over the study period.
 

From the regional front, North America presently holds considerable portion of global wood charcoal market share, owing to growing acceptance of wood charcoal in deodorization processes, dialysis machines, and purification.
 

Meanwhile, Asia Pacific wood charcoal industry size is expected to witness tremendous growth over the coming years, creditable to increasing use of wood charcoal in pharmaceutical sector, purification of water, as it helps eradicate impurities and treat industrial wastewater.
 

Leading organizations in global wood charcoal market sphere are Two Trees Products, Greencoal Namibia CC, Hans Enterprises, K.P. Biocoal, Fogo Charcoal, Cooks International LLC, Fire & Flavor Grilling Co., Duraflame Inc., Royal Oak Enterprises LLC, and Kingsford Products Company.