Biomass Pellets: An Efficient Replacement to Fossil-Based Furl CoalIn the past years, biomass pellets have witnessed a significant hike in demand from industries. Biomass pellets can be used efficiently in coal-fired boilers when co-fired with coal. This helps reduce carbon emissions from factories. Hence, biomass pellets are gaining significant popularity among industrialists who are trying to cut down their carbon emissions and attain sustainable development.
Biomass Pellets Market – Key Research Findings
The global biomass pellets market was valued at more than US$ 9 Bn in 2017, and is estimated to grow at a CAGR of above 8% over the forecast period 2019–2029.
In terms of consumption, East Asia is expected to register high value and volume growth in the biomass pellets market throughout the forecast period.
Healthy growth of manufacturing industries such as chemicals, cement, rubber construction, polymers and plastics, and food processing, among others, is one of the key driving factors behind this growth. These industries are the key end users of biomass pellets, and their significant growth projects China as an emerging country in the global biomass pellets market.
Increasing government policies and subsidies promoting and favoring the utilization of renewable fuels such as biomass pellets against fossil-based fuels from biofuels is expected to create noteworthy demand for biomass pellets across geographies.
For instance, the Biomass Thermal Utilization Act (BTU Act) of 2019 in North America aims at recognizing and promoting the environmental and economic benefits of biomass-derived fuels and energy sources. This act provides 15% to 30% credit for clean wood heating systems for domestic and commercial applications.
The wood sawdust segment, by source, is expected to create significant revenue in the global biomass pellets market.
For the fine quality and properties of biomass pellets derived from wood, wood sawdust is expected to one of the prominent sources for biomass pellet production.
Key Driving Factors of the Biomass Pellets Market
Growing Demand for Biomass Pellets as a Fuel for Co-Firing in Coal-Based Boilers
Biomass pellets are reported to be an efficient energy source that can be used along coal for heating applications, among others. Most industries that have installed coal-based boilers are inclining towards the use of biomass pellets to co-fire with coal for heating in order to reduce their carbon footprint and reduce the cost of expenditure on costlier fossil-based energy fuels.
Surplus Availability of Biomass Feedstock to Drive the Growth of the Market
As result of excessive agricultural and forestry activities, there is a surplus amount of biomass availability in the form of agricultural residue and forest waste, among others. Furthermore, most nations across the globe are agriculture-dependent. This ensures the availability of feedstock for biomass pellet production, and hence, acts as a significant driving factor for the global biomass pellets market.
Increasing Demand for Renewable Sources of Energy to Create the Demand for Biomass Pellets
The International Renewable Energy Agency (IRENA) of the Sustainable Energy for All (SE4All) initiative aims to almost double the share of renewable sources of energy in the global energy industry by the end of 2030. To achieve this, it developed a Global Renewable Energy Roadmap called REmap 2030. Such initiatives are expected to create significant demand for renewable sources of energy, such as biomass pellets, over the forecast period.
Biomass Pellets Market: Structure Analysis
Top companies operating in the global biomass pellets market include Drax Biomass Inc., Enviva Partners, LP, German Pellets GmbH, AS Graanul Invest, Pinnacle Renewable Energy Inc., and Abellon CleanEnergy Limited, among others.
These players are trying to expand and grow in the biomass pellets market through strategic steps of development. This report on the biomass pellets market is designed to provide relevant information regarding these players, and also about the key strategies that they have adopted.
Market to Grow 2.6X the Value of 2018 by the end of 2029The global biomass pellets market is expected to grow at a steady pace over the forecast period 2019-2029. This growth will be majorly driven by the growing adoption of biofuels among industries, which has created noteworthy demand for biomass pellets.
Emerging Economies of East Asia to Project Lucrative Growth in the Biomass Pellets Market
Europe is estimated to be a prominent region in terms of biomass pellet consumption. However, East Asia is expected to project lucrative growth in the global biomass pellets market over the forecast period. This growth is majorly driven by the emergence of economies such as China, Japan, and South Korea as high growth countries for the market.
The Broader PerspectiveParticipants in the global biomass pellets market are actively participating in the international trading of biomass pellets. This is helping them reach overseas markets where the demand for biomass pellets is comparatively higher. The volumes of import-export is expected to increase further over the forecast period at a high growth rate.
Biomass pellets derived from wood sawdust remained the top selling segment by source in the global biomass pellets market in 2018.
The agricultural residue source of biomass pellets is expected to project lucrative growth over the forecast period.
Industrial heating remained to top consuming end use of biomass pellets, and is likely to grow at a significant rate over the forecast period.
How Growth will Unfold
Europe is one of the prominent consuming regions of biomass pellets. However, other regions such as North America, South Asia, and East Asia, among others, are expected to grow at high rates over the forecast period.
Europe | North America | East Asia
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Biomass Pellets Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI, titled, 'Biomass Pellets Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029', offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the biomass pellets market, the growth prospects of the market are obtained with maximum precision.
Biomass Pellets Market Taxonomy
The global biomass pellets market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.
- Agricultural Residue
- Wood Sawdust
By End Use
- Power Generation
- Industrial Heating
- Commercial and Domestic Heating
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report commences with the executive summary of the biomass pellets market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the biomass pellets market.
Readers can find the detailed taxonomy and the definition of the biomass pellets market in this chapter, which will help them understand the basic information about the biomass pellets market. Along with this, comprehensive information pertaining to manufacturing processes, and their comparison, is provided in this section. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the biomass pellets market report.
The biomass pellets market report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments and product innovations.
This section includes the factors that have emerged as key successful factors and strategies adopted by key market participants.
This section explains the global market value analysis and forecast for the biomass pellets market between the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical biomass pellets market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019), and an incremental opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the biomass pellets market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the biomass pellets market between the forecast period of 2019-2029.
This chapter explains the key macro-economic factors that are expected to influence the growth of the biomass pellets market over the forecast period. Along with macroeconomic factors, this section also highlights value chain, supply chain, forecast factors, Porter’s five forces analysis, and biomass pellet feedstock analysis for the biomass pellets market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on the sources of biomass pellet production, the biomass pellets market is segmented into wood sawdust, agricultural residue, and others. In this chapter, readers can find information about the key trends and developments in the biomass pellets market, and market attractiveness analysis based on source.
This chapter provides details about the biomass pellets market on the basis of the end uses, and has been classified into power generation, industrial heating, commercial and domestic heating, and others. In this chapter, readers can understand the market attractive analysis based on end use.
This chapter explains how the biomass pellets market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America biomass pellets market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on the application and countries in North America.
This chapter includes the growth scenarios of the biomass pellets market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across the target segments has been provided.
Important growth prospects of the biomass pellets market based on its end users in several countries such as Germany, the UK, France, Spain, Italy, Russia, and the Rest of Europe are included in this chapter.
India and ASEAN countries are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia biomass pellets market, in this chapter. Readers can find detailed information about the growth parameters of the South Asia biomass pellets market during the period 2019-2029.
This chapter highlights the growth of the biomass pellets market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the biomass pellets market in East Asia.
This chapter highlights the growth of the biomass pellets market in Oceania by focusing on Australia and New Zealand. This section also helps readers understand the key factors that are responsible for the growth of the biomass pellets market in Oceania
This chapter provides information about how the biomass pellets market will grow in major countries in the MEA region, such as GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period 2019-2029.
This section highlights the growth prospects of the biomass pellets market for emerging markets such as China.
In this chapter, readers can find detailed information about the tier analysis and market concentration of the key players in the biomass pellets market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the biomass pellets market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Drax Biomass Inc., Enviva Partners, LP, AS Graanul Invest, Pinnacle Renewable Energy Inc, and Abellon CleanEnergy Limited, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the biomass pellets market report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions, as well as important qualitative and quantitative information about the biomass pellets market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- World of Chemicals
- Chemical Weekly
- Chemical Engineering World, etc.
- Industry Associations
- The European Chemical Industry Council
- The American Chemical Society
- China Chemical Society
- Indian Chemical Council
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits