Global bamboo charcoal market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Bamboo charcoal is porous in nature with the high density and has high mineral content like sodium, potassium, iron, and calcium. It is an environmentally functional material with excellent absorption properties. It is also known as a “black diamond”.
The factors that are playing a major role in the growth of the market are the rising demand as a household fuel and as a drinking water purifier, eco-friendly by reducing pollutant residue, a rich source of minerals, and the growing demand from end-users. However, the lack of skilled professionals may restrain the overall market in the years to come. The bamboo charcoal market is segmented based on type, temperature type, equipment process, materials & tools, application, and region.
Bamboo briquette charcoal and raw bamboo charcoal are the types that could be explored in bamboo charcoal market in the forecast period. Bamboo briquette charcoal is made of bamboo residues like saw powder, bamboo dust, and others. Whereas, raw bamboo charcoal is made of parts of bamboo plants like roots, culms, and branches.
800℃-900℃, 700℃-800℃, 600℃-700℃, 500℃-600℃, and 400℃-500℃ are the temperature types that could be explored in market in the forecast period. Based on the equipment process, brick kiln and carbonization could classify bamboo charcoal in the forecast period. Based on the material & tools, metal cutter, a drum can with a cover, pliers, chimney, grinder, and tinplate sheet (15 x 20 cm) could classify bamboo charcoal in the forecast period.
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The market may be categorized based on applications like chemical & material, food industry, agriculture industry, deodorants, cosmetics, water treatment, and others that could be explored in bamboo charcoal in the forecast period. The water treatment sector accounted for the significant share of the market and is estimated to lead the overall market in the years to come.
Globally, Asia Pacific accounted for the substantial share of bamboo charcoal market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and the high demand from end-users. The developing countries like India and China are the major consumers of bamboo charcoal in this region. Also, North America is estimated to grow at the highest CAGR in the years to come.
The key players of the bamboo charcoal market are Japan Daisentakezumi, Mtmeru, Guilin Hsinchu Nature Biomaterials, Huangshan Bamboo, Hangzhou Fuyang Motor Carbon, Lycharcoal, Suichang Wenzhao Bamboo Charcoal, Yungting, Suichang bamboo charcoal plant, Jiangshan City Green Bamboo Charcoal, Shanghai Hainuo Carbon Industry, and Quzhou Modern Carbon Industry. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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