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Chafing Fuel Trends and Forecast
The future of the global chafing fuel market looks promising with opportunities in the commercial use and home use markets. The global chafing fuel market is expected to reach an estimated $1.5 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are growing demand for catering services, increasing popularity of buffet-style dining, and growing awareness of the benefits of chafing fuel.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Chafing Fuel by Segment
The study includes a forecast for the global chafing fuel by type, end use, and region.
Chafing Fuel Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Methanol
• Ethanol
• Diethylene Glycol
• Others
Chafing Fuel Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Commercial Use
• Home Use
Chafing Fuel Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Chafing Fuel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies chafing fuel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the chafing fuel companies profiled in this report include-
• Sterno Products
• Flamos Fuels
• Scientific Utility Brands
• Hollowick
• Changzhou Bio Hotels Supplies
• Dine-Aglow Diablo Food Service Fuels
• Zodiac Stainless Products
Chafing Fuel Market Insights
Lucintel forecasts that methanol is expected to witness highest growth over the forecast period due to its advantages like low cost, high availability, and ease of use.
Within this market, commercial use will remain the largest segment due to wide use of chafing fuel in commercial settings, such as restaurants, hotels, and catering venues.
North America is expected to witness highest growth over the forecast period due to rising populationÄX%$%Xs disposable incomes and presence of key buffet restaurants in the region.
Features of the Global Chafing Fuel Market
Market Size Estimates: Chafing fuel market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Chafing fuel market size by type, end use, and region in terms of value ($B).
Regional Analysis: Chafing fuel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the chafing fuel market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the chafing fuel market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the chafing fuel market size?
Answer: The global chafing fuel market is expected to reach an estimated $1.5 billion by 2030.
Q2. What is the growth forecast for chafing fuel market?
Answer: The global chafing fuel market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the chafing fuel market?
Answer: The major drivers for this market are growing demand for catering services, increasing popularity of buffet-style dining, and growing awareness of the benefits of chafing fuel.
Q4. What are the major segments for chafing fuel market?
Answer: The future of the chafing fuel market looks promising with opportunities in the commercial use and home use markets.
Q5. Who are the key chafing fuel market companies?
Answer: Some of the key chafing fuel companies are as follows:
• Sterno Products
• Flamos Fuels
• Scientific Utility Brands
• Hollowick
• Changzhou Bio Hotels Supplies
• Dine-Aglow Diablo Food Service Fuels
• Zodiac Stainless Products
Q6. Which chafing fuel market segment will be the largest in future?
Answer: Lucintel forecasts that methanol is expected to witness highest growth over the forecast period due to its advantages like low cost, high availability, and ease of use.
Q7. In chafing fuel market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rising populationÄX%$%Xs disposable incomes and presence of key buffet restaurants in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the chafing fuel market by type (methanol, ethanol, diethylene glycol, and others), end use (commercial use and home use), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Chafing Fuel Market, Chafing Fuel Market Size, Chafing Fuel Market Growth, Chafing Fuel Market Analysis, Chafing Fuel Market Report, Chafing Fuel Market Share, Chafing Fuel Market Trends, Chafing Fuel Market Forecast, Chafing Fuel Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Chafing Fuel Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Chafing Fuel Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Chafing Fuel Market by Type
3.3.1: Methanol
3.3.2: Ethanol
3.3.3: Diethylene Glycol
3.3.4: Others
3.4: Global Chafing Fuel Market by End Use
3.4.1: Commercial Use
3.4.2: Home Use
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Chafing Fuel Market by Region
4.2: North American Chafing Fuel Market
4.2.2: North American Chafing Fuel Market by End Use: Commercial Use and Home Use
4.3: European Chafing Fuel Market
4.3.1: European Chafing Fuel Market by Type: Methanol, Ethanol, Diethylene Glycol, and Others
4.3.2: European Chafing Fuel Market by End Use: Commercial Use and Home Use
4.4: APAC Chafing Fuel Market
4.4.1: APAC Chafing Fuel Market by Type: Methanol, Ethanol, Diethylene Glycol, and Others
4.4.2: APAC Chafing Fuel Market by End Use: Commercial Use and Home Use
4.5: ROW Chafing Fuel Market
4.5.1: ROW Chafing Fuel Market by Type: Methanol, Ethanol, Diethylene Glycol, and Others
4.5.2: ROW Chafing Fuel Market by End Use: Commercial Use and Home Use
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Chafing Fuel Market by Type
6.1.2: Growth Opportunities for the Global Chafing Fuel Market by End Use
6.1.3: Growth Opportunities for the Global Chafing Fuel Market by Region
6.2: Emerging Trends in the Global Chafing Fuel Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Chafing Fuel Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Chafing Fuel Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Sterno Products
7.2: Flamos Fuels
7.3: Scientific Utility Brands
7.4: Hollowick
7.5: Changzhou Bio Hotels Supplies
7.6: Dine-Aglow Diablo Food Service Fuels
7.7: Zodiac Stainless Products
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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