Chafing Fuel Market: Snapshot
Chafing
fuel is used in heating chafing dishes used in homes, restaurants, and outings,
and other institutional and catering applications. A wide variety of chafing
fuels with varying performance characteristics and operational parameters have
enchanted customers. Some of the more commonly used are diethylene glycol,
propylene glycol, methanol, and ethanol. Each varies in composition and varies
in chemistries. In some cases, the use of a specific type may be determined by
region-specific regulations, which plays a role in shaping the overall dynamics
in the chafing
fuel market. The growing demand for fuels for chafing dishes which are
environmentally safe, emit no odor, and offers a consistent warming has paved
way to product advancements in the chafing fuel market. Two types of products
are wick fuel and gel fuel. The demand has also risen from the high safety and
reliability some chafing fuel offers for emergency heating and outdoor cooking.
Regulations
for manufacturing chafing fuel, especially those which pertain to the bottling,
have restrained the prospects of players in the chafing fuel market. Growing
number of buffet parties in parts of emerging economies over the past few years
is a key trend that has broadened the commercialization scope, thereby helping
brands expand their customer base in emerging economies.
Chafing
fuel is basically a heating fuel. Chafing fuel cans are placed under the
chafing dish for heating food, thus, not used for cooking food. Chafing fuel is
sold in a small canister and burned directly within the canister, with or
without a wick. Ethanol, methanol, or glycol are the types of fuel used in
chafing fuel cans. Chafing fuel canisters are available in different sizes and
volumes of fuel or gel. Chafing fuel canisters can be utilized safely indoors,
and produce minimal soot or odor. They are also utilized for outdoor cooking,
emergency heating, and fondue.
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Proper
selection of the type of chafing fuel can increase burning hours and minimize
accidents caused by improper usage. Fluctuation in prices of raw materials such
as natural gas and crude oil coupled with stringent regulations related to
bottling of chafing fuel acts as a restraint of the chafing fuel market. An
alternative to using chafing fuel is induction chafers with induction warmers
or electric chafing warmers. Induction warmers are comparatively safe, as they
heat the food within the induction chafer, however, stay cool on the exterior.
This reduces accidental burns and injuries during the heating operation.
However, the cost of utilizing chafing fuel-based can is low, as compared to
other alternatives
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Globally,
chafing fuel cans are marketed by several companies, traders, distributers, and
wholesalers. The restaurant industry is a trillion-dollar industry, and the
primary driver for chafing fuel cans is restaurants, which serve food in
chafing dishes, i.e. buffet dinning. Moderate initial investment coupled with
less payback period makes chafing fuel an attractive market for investment. The
major advantages chafing fuel cans offer to end-users include their highly
portable nature and light weight. Increasing demand for activities such as
camping, picnics, and other outdoor activities is likely to propel the demand
for warm and hygienic food, especially chafing fuel cans, which are utilized
for heating purposes. Presently, consumers are more inclined toward tourism,
camping, and picnics. This has raised the demand for portable energy storage
devices utilized for food heating purposes.
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The
chafing fuel market can be segmented based on type and burn time. Based on fuel
type, the chafing fuel market can be segmented into wick fuel, gel fuel, and
wick-gel fuel. Wick fuel-based chafing fuel cans are available in two types:
traditional and steam. However, both traditional and steam employ clean burning
glycol fuel. Wick fuel-based chafing fuel cans are safer than gel fuel-based
cans, since the spilled glycol does not combust without a wick. Gel-based
chafing fuels are available in two types: ethanol-based and methanol-based.
Gel-based chafing fuel cans have a strong heating performance as compared to
wick fuel-based chafing fuel canisters. Both wick-gel fuel-based chafing fuel
cans are environmental friendly and deliver high quality heat for adequate
chafing warming. Based on burn time, the market can be segregated into
two-hour, four-hour, and six-hour burn time.
Currently,
North America accounts for a major share of the global chafing fuel market. In
the U.S., several manufacturers of chafing fuel cans have backward integrated
into manufacturing of aerosol containers, valves, and nozzles. This has
provided a competitive edge against competitors who are dependent on the supply
of aerosol containers. The chafing fuel market in North America is more mature,
vis-à-vis that in other regions. However, the chafing fuel market in South
Korea, China, India, and ASEAN is expected to expand at a high growth rate
during the forecast period, owing to the year-on-year in increase in number of
hi-tech restaurants in these countries. In Europe, more than 350 companies are active
in the aerosol industry. These range from small- and medium-sized enterprises
(SMEs) to multinationals. Nearly, 3% to 9% of aerosol containers manufactured
in Europe are utilized in filling of chafing fuel.
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Key
manufacturers and suppliers of chafing fuel include flamos Ltd., Kelmin
Products Inc, Coral Fuel Gel, and Roshchem Industries.
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