Global Biomass Briquette Market Will Reach USD 646 Million by 2026
According to the report, the global biomass briquette market was valued at approximately USD 399 million in 2019 and is expected to generate revenue of around USD 646 million by 2026, growing at a CAGR of roughly 7.15% from 2019 and 2026.
Biomass coal cake is a biofuel alternative to coal and charcoal. Briquettes are mainly used in developing countries where cooking fuel is not readily available. Coal balls have been used in developed countries where they are used to heat industrial boilers to generate electricity from steam.
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Key Players:
Key players in the market cover German Pellets, Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation, Vyborgskaya Cellulose, Rentech, Graanul Invest Group, RWE Innogy, Lignetics, E-pellets, Drax Biomass, General Biofuels, BlueFire Renewables, Pfeifer Group, Biomass Secure Power, Viridis Energym, Westervelt, Energex, Fram Renewable Fuels, Protocol Energy, Premium Pellet Ltd., Granules LG, Enova Energy Group, Corinith Wood Pellets, Maine Woods Pellet, Appalachian Wood Pellets, Bear Mountain Forest Prod, Agropellets, West Oregon Wood Prod, Bayou Wood Pellets, Neova Vaggeryd, Aoke Ruifeng, DEVOTION, Sinopeak-bioenergy, Senon Renewable Energy, Equustock, Weige Bio-tech Energy, New Biomass Holding LLC, Verdo Renewables, and Binderholz.
Type Segment Analysis
l Biomass Pellet
l Biomass Briquette
Application Segment Analysis
l Power Generation
l Thermal Energy
l Other
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Market Driver and Restraint
The growing environmental concerns have become the main driver of growth. Additionally, the demand for fuel in emerging economies and improved renewable energy source appeal is also projected to stimulate this market’s growth. However, low energy output when compared to other industrial fuels and limited awareness may restrain the growth of the biomass briquette market.
Forecast by Geography
Geographically, the global biomass briquettes market is segmented into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The Asia-Pacific is the largest market with a proportion of 32.69%, followed by North America and Europe, accounting for 27.34% and 21.89% respectively. The Asia-Pacific biomass briquettes market is expected to witness a significant development in the coming years due to increasing bio-waste generation and growing environmental pollution by using kerosene and charcoal majorly used for domestic purposes. More importantly, the availability of economical production of biomass briquettes, cheaper biomass, and growth of indigenous production of biomass briquettes are some of the key factors driving the growth of biomass briquettes in Asia-Pacific.
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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Target Audience:
Biomass briquette industry associations
Raw material suppliers of biomass briquette
Distributors and resellers of biomass briquette
Product managers, biomass briquette industry administrator, C-level executives of the industries
Small and Medium-sized Enterprises (SMEs)
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