Coal Briquettes Market Research Report By Calorific Value (High Calorific Value (>5500 kcal/kg), Medium Calorific Value (4500-5500 kcal/kg), Low Calorific Value (4500 kcal/kg)), By Raw Material (Biomass, Coal, Petroleum Coke, Wood Charcoal), By Shape (Cylindrical, Hexagonal, Oval, Rectangular), By Application (Residential Heating, Industrial Heating, Cooking, Other Applications), By Grade (A, B, C, D) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Global Coal Briquettes Market Overview

The Coal Briquettes Market Size was estimated at 31.74 (USD Billion) in 2022. The Coal Briquettes Industry is expected to grow from 33.33(USD Billion) in 2023 to 51.8 (USD Billion) by 2032. The Coal Briquettes Market CAGR (growth rate) is expected to be around 5.02% during the forecast period (2024 - 2032).

Key Coal Briquettes Market Trends Highlighted

Growing concerns over energy security and the rising cost of traditional fuels have spurred a shift towards alternative and sustainable heating solutions. Coal briquettes, made from compressed coal dust, offer a cost-effective and environmentally friendly alternative to traditional coal and wood. The market is driven by increasing demand from residential and commercial sectors in developing regions, where access to reliable and affordable energy sources is a challenge.Key market drivers include the rising cost of fossil fuels, government initiatives promoting clean energy solutions, and growing awareness of environmental sustainability. Emerging economies, with their increasing urbanization and expanding construction industries, are expected to offer significant growth opportunities for coal briquettes. Additionally, advancements in coal briquette technology, such as increased energy efficiency and reduced emissions, are further driving market growth.Recent trends indicate a shift towards higher-quality coal briquettes with enhanced heating value and reduced ash content. Manufacturers are investing in research and development to develop eco-friendly and sustainable production methods, meeting the growing demand for greener energy solutions. The market is expected to witness continued growth in the coming years, driven by increasing energy demand, environmental concerns, and government support for alternative fuel sources.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Coal Briquettes Market Drivers

Increasing Demand for Coal Briquettes in Developing Countries

The main reason for the increasing demand for coal briquettes in developing countries is the growing population and urbanization in these countries. Coal briquettes are a relatively cheap and efficient source of energy, and thus, many people in developing countries use them. Furthermore, the governments in these countries promote the use of clean cooking fuels, such as LPG. For example, in India, the government has started the Pradhan Mantri Ujjwala Yojana scheme that provides financial assistance to the low-income group of the population to purchase the LPG connection.While the promotion of the use of LPG is expected to increase the use of the latter for cooking, at the same time, it will also increase the demand for coal briquettes from those who will not be able to buy LPG. The demand for coal briquettes in developing countries is expected to remain high in the future because these countries will continue to experience population growth and urbanization. Furthermore, the governments in these countries will continue to promote the use of clean cooking fuels.Thus, the demand for coal briquettes in developing countries is expected to increase in the future.

Growing Awareness of the Environmental Benefits of Coal Briquettes

A more environmentally friendly alternative to traditional coal is certainly coal briquettes. They produce much less smoke and emissions and can be much better at burning, which makes it a perfect choice for people who are concerned about our planet and its future. Moreover, nowadays, the “stringency on air pollution regulations continues to increase, which drives the demand for cleaner burning fuels, such as coal briquettes, across various end-use industries.”They help meet government standards and factory regulations by having an environmentally safe composition. The growing interest in such a product will certainly increase the size and relevance of the Coal Briquettes Market Industry in the near future.

Technological Advancements in Coal Briquette Production

Better opportunities for heat and power generation are created and implemented as far as better and more effective and cost-effective coal briquettes are developed. New briquetting machines are increasingly more used and implemented, being able to produce briquettes with a higher density and thus having a more uniform shape. These will burn more efficiently and produce less waste, maximizing the potential of coal briquettes. Also, new technologies are implemented and developed to employ a larger range of feedstocks in producing coal briquettes.As a result, briquettes from a larger range of materials previously thought as not usable are being produced. By being combined with other components that can be more numerous and cheaper, the costs of coal briquettes will decrease, at the same time making coal briquettes more attractive for a larger category of utilization.

Coal Briquettes Market Segment Insights

Coal Briquettes Market Calorific Value Insights 

The High Calorific Value segment occupied the major share in the Coal Briquettes Market for 2023. Hence, these briquettes are used in industries such as power generation and cement manufacturing. They are widely used in industries because they give high energy and are cheap when compared to other sources. Owing to its demand, the segment is expected to have considerable growth in the forecast period. The Medium Calorific Value segment is expected to have significant growth in the coal briquettes market during the forecast period.These briquettes are still widely used in many households and hotels as they have decent calorific values. They cater to the requirements of people who use coal for cooking and other applications. The low Calorific Value segment had a lesser portion of shares in the Coal Briquette market for 2023. They are used primarily in the cooking of low-temperature foods and other space-heating applications in houses in developing areas. They are much more cost-saving. Overall, the calorific value market in the Coal Briquettes Market is expected to show decent growth in the forecast period.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Coal Briquettes Market Raw Material Insights 

The raw material is one of the most essential segments of the Coal Briquettes Market, as it has an enormous impact on the market’s growth and industry’s trends. As for the case of coal briquettes production, the most common types of raw materials include biomass, coal, petroleum coke, and wood charcoal. Biomass is a result of organic materials and is regarded as renewable and sustainable. Thus, the given type of raw material accounts for a huge market share. In 2023, about 45% of the total market’s revenue was possible due to the segmentation of biomass and its equivalent of about USD 14.7 billion.These numbers are projected to increase as they are currently connected to the tendency to search for alternative types of fuel and the growing attention paid to the problem of sustainability. Another traditional type of raw material is coal, which also presupposes a significant market share. However, the current tendency and the forecast indicate that the given type of material is going to go somewhat down as the government has already developed a series of regulations and the system of punishment introduced for those who do not follow the statement in the opposite striving to reduce the consumption of fossil fuel.Another two types of raw materials presuppose petroleum coke and wood charcoal, and these two types of resources maintain their market share mainly due to the selection of their unique features and the chosen segment of industries. As for the forecast, the Coal Briquettes Market has the tendency to reach USD 51.8 billion by 2032, and the raw material segment follows this tendency in terms of growth. It is supported by the current efforts to increase the consumption of renewable and sustainable sources of fuel and the tendency of coal briquettes to become widely encompassed by numerous industries.

Coal Briquettes Market Shape Insights

The shape segment of the Coal Briquettes Market holds significant importance, influencing market dynamics and consumer preferences. Among the various shapes available, cylindrical, hexagonal, oval, and rectangular briquettes each cater to specific needs and applications. Cylindrical briquettes, accounting for a notable share of the market, are often preferred for their efficient combustion and heat distribution. Their cylindrical shape allows for optimal air circulation, ensuring complete burning and maximizing heat output. Hexagonal briquettes, on the other hand, are gaining popularity due to their compact design and ability to interlock, providing stability and reducing breakage during handling and transportation.Oval briquettes offer a unique combination of efficient burning and aesthetic appeal. Their oval shape facilitates better heat transfer and can be visually appealing in certain applications. The shape segment plays a crucial role in this growth, with each shape contributing to the overall market segmentation and data. Understanding the insights and trends associated with the shape segment is essential for industry stakeholders to make informed decisions and capitalize on growth opportunities.

Coal Briquettes Market Application Insights 

The Coal Briquettes Market is segmented by application into Residential Heating, Industrial Heating, Cooking, and Other Applications. Residential Heating is the largest application segment, accounting for over 50% of the Coal Briquettes Market revenue in 2023. This is due to the high demand for coal briquettes to heat homes in developing countries, particularly in Asia and Africa. Industrial Heating is the second largest application segment, accounting for over 25% of the Coal Briquettes Market revenue in 2023. Coal briquettes are used in a variety of industrial applications, such as boilers, furnaces, and kilns.Cooking is the third largest application segment, accounting for over 15% of the Coal Briquettes Market revenue in 2023. Coal briquettes are used for cooking in many developing countries, as they are a relatively inexpensive and efficient fuel source. Other Applications include the use of coal briquettes in power generation, agriculture, and other industrial applications. This segment is expected to grow at a steady pace in the coming years as coal briquettes become more popular as a sustainable and cost-effective fuel source.

Coal Briquettes Market Grade Insights 

The Grade segment of the Coal Briquettes Market is categorized into A, B, C, and D. Among these, Grade A is expected to dominate the market with a revenue of 12.23 billion USD in 2024. This dominance is due to the high demand for high-quality, low-ash coal briquettes that meet stringent environmental regulations. Grade B is projected to hold a significant market share, driven by its cost-effectiveness and suitability for various industrial applications. Grade C briquettes are expected to witness moderate growth due to their lower calorific value compared to higher grades.Grade D briquettes are anticipated to have a limited market presence owing to their low quality and high ash content. The market data indicates that the demand for higher-grade coal briquettes is likely to remain strong in the coming years.

Coal Briquettes Market Regional Insights 

The regional segmentation of the Coal Briquettes Market offers valuable insights into market dynamics across different geographies. North America is expected to hold a significant share of the market in 2024, driven by increasing demand from industries such as power generation and residential heating. Europe is another key region, with a well-established coal briquette industry and a growing focus on sustainable energy sources. The Asia-Pacific region is projected to witness substantial growth in the coming years, attributed to the rising demand from emerging economies such as China and India.South America, the Middle East, and Africa (MEA) regions are also expected to contribute to market growth, albeit at a slower pace than other regions. These insights are crucial for businesses operating in the Coal Briquettes Market, as they help them tailor their strategies to specific regional needs and capitalize on growth opportunities.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Coal Briquettes Market Key Players And Competitive Insights

Increasing production capacities and expanding geographical reach are the main strategies pursued by major players in the Coal Briquettes Market. Leading companies in the coal briquettes market are investing in R to improve the quality and functionality of their products. The competitors in the market display heterogeneity between them, and there are both established and emerging players there. Established firms have a strong presence in the market and a strong brand image while emerging players attack competitors on the basis of cost and innovation. The future of the Coal Briquettes Market is defined by the trend towards acquisitions and strategic partnerships. The major competitor in the Coal Briquettes

Key Companies in the Coal Briquettes Market Include

• PT Indo Tambangraya Megah Tbk


• RWE AG


• TEPCO Fuel Power, Inc.


• Biomass Briquettes Manufacturers


• Golden Energy Qatar Limited


• Golden Carbon


• Al Ghurair Resources FZC


• PT Kaltim Prima Coal


• PT Kideco Jaya Agung


• PT Bumi Resources Tbk


• PT Bukit Asam Tbk


• Asia Energy


• Greencoal Briquettes Philippines

Coal Briquettes Market Industry Developments

The coal briquettes market is poised for steady growth in the coming years, driven by increasing demand from emerging economies and the rising popularity of sustainable fuel sources. The market is currently valued at USD 33.33 billion and is projected to reach USD 51.8 billion by 2032, exhibiting a CAGR of 5.02% during the forecast period.Recent news developments include the launch of new coal briquette production facilities in China and India, indicating growing investment in the sector. Additionally, governments in various countries are implementing favorable policies to promote the use of clean and renewable energy sources, which is expected to drive demand for coal briquettes. However, factors such as environmental concerns and the availability of alternative fuel sources may pose challenges to market growth.

Coal Briquettes Market Segmentation Insights 

Coal Briquettes Market Calorific Value Outlook

• High Calorific Value (>5500 kcal/kg)


• Medium Calorific Value (4500-5500 kcal/kg)


• Low Calorific Value (4500 kcal/kg) 

Coal Briquettes Market Raw Material Outlook

• Biomass


• Coal


• Petroleum Coke


• Wood Charcoal 

Coal Briquettes Market Shape Outlook

• Cylindrical


• Hexagonal


• Oval


• Rectangular 

Coal Briquettes Market Application Outlook

• Residential Heating


• Industrial Heating


• Cooking


• Other Applications 

Coal Briquettes Market Grade Outlook

• A


• B


• C


• D 

Coal Briquettes Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa