Global Chafing Fuel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Chafing Fuel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Chafing Fuel is the fuel that people use to heat food. Chafing Fuel is sold in a small jar and is burned directly in the jar, with or without a wick. This fuel usually contains methanol, ethanol, diethylene glycol, etc., because they can be burned indoors safely and produce very little soot or odor. It consists of a gel-based fuel packaged in a metal container and is a single-use commodity.

Market Overview:

The latest research study on the global Chafing Fuel market finds that the global Chafing Fuel market reached a value of USD 1364.01 million in 2022. It’s expected that the market will achieve USD 1893.8 million by 2028, exhibiting a CAGR of 5.62% during the forecast period.

Demand from the catering industry is driving the chafing fuel industry

In a competitive environment, most dining establishments strive to provide quality food preparation and customer service. Chafing fuel is able to heat food, ensuring that the right food temperature can be provided to the consumer. At the same time, chafing fuel can keep food warm for up to several hours, making it suitable for commercial applications. As a result, Chafing fuel is widely used in cafeterias and food service providers to display and serve food for extended periods of time. The demand for chafing fuel in the catering industry is driving the development of the chafing fuel industry.

Wide range of downstream applications is driving the growth of the industry

In addition to the commercial use of chafing fuel in the catering industry, chafing fuel has many other uses. Chafing fuel can be used for outdoor camping activities. With the improvement of living standards, more people like outdoor camping. Chafing fuel can be used for outdoor cooking and emergency heating, so more and more outdoor travelers buy this product.At the same time, chafing fuel can be used in various occasions such as scientific research, navigation, fishery, construction sites, geology, general laboratory chemical tests, medical and health care, and military affairs. Extensive downstream demand is driving the development of the chafing fuel industry.

Region Overview:

In 2021, the share of the Chafing Fuel market in North America stood at 34.89%.

Company Overview

Sterno is one of the major players operating in the Chafing Fuel market, holding a share of 5.08% in 2022.On June 24, 2020, Sterno Products announced that it will be changing its name to Sterno and will introduce a new brand identity and logo around the iconic name.Since 2012, the Sterno Group has made several acquisitions and launched many innovative bestsellers for the foodservice and consumer markets.The new brand is an integral part of Sterno's plan to expand its core business and lay the groundwork for new endeavors. More recently, in response to the COVID-19 pandemic, the company retooled two of its factories to mass-produce hand sanitizer and non-medical face masks. Both products are now part of the company's permanent product portfolio. The company will continue to explore new lines of business serving foodservice professionals and retail customers.

Segmentation Overview:

By type, Ethanol segment accounted for the largest share of market in 2021.Currently, there are several chafing fuels in the global market, including methanol, ethanol, diethylene glycol. There are also other types of chafing fuel such as propylene glycol. Methanol fuel is a cost-effective, budget-friendly alternative to ethanol. Ethanol fuel burns hotter, longer and with better performance than other types of fuel. Diethylene glycol fuel has a high flash point and won't combust if spilled. Propylene glycol fuel is designed with the environment in mind and is biodegradable, ensuring no harmful chemicals or toxins are released into the atmosphere.

Application Overview:

The market's largest segment by application is the segment Commercial Sales , with a market share of 67.16% in 2021.Chafing Fuel has commercial uses; such as in various restaurants, etc.Chafing Fuel can be sold through retail channels; Chafing Fuel can be used at home or outdoors, such as for outdoor barbecues and camping.

Key Companies in the global Chafing Fuel market covered in Chapter 3:

SternoZodiacHollowickLumeaDine-Aglow DiabloBLAZEStephensonsKelmin Products IncScientific UtilityCandleLandCiboWaresFlamos

In Chapter 4 and Chapter 14.2, on the basis of types, the Chafing Fuel market from 2018 to 2029 is primarily split into:

MethanolEthanolDiethylene GlycolOthers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Chafing Fuel market from 2018 to 2029 covers:

Commercial SalesRetail Sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)