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Global Biomass Briquette Fuel Market Growth 2023-2029

Global Biomass Briquette Fuel Market Growth 2023-2029

Product Code:450671

Published Date: Feb 08,2023

Pages: 123

Region: Global

Category: Energy & Power

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Biomass molding fuel is made of agricultural and forestry residues such as rice stalk, straw, cotton stalk, bamboo sawdust, wood flour, ramie stalk, peanut husk, etc. It is produced by pellet machines or briquetteing machines, after going through several processing procedures, such as crushing, drying, mixing, molding or compressing, etc. And the final products are pellets and briquettes, which are used as a replacement for coal, gasoline gas and other traditional fossil fuels. Compared to fossil fuels, biomass molding fuel produce low net total greenhouse gas emissions because the materials used are already a part of the carbon cycle.

Biomass pellet fuel is biofuels made from compressed organic matter or biomass. Wood pellets are the most common type of pellet fuel and are generally made from compacted sawdust and related industrial wastes from the milling of lumber, manufacture of wood products and furniture, and construction. Other industrial waste sources include empty fruit bunches, palm kernel shells, coconut shells, and tree tops and branches discarded during logging operations.

Biomass briquettes are mostly used in the developing world, where cooking fuels are not as easily available. There has been a move to the use of briquettes in the developed world, where they are used to heat industrial boilers in order to produce electricity from steam. The briquettes are cofired with coal in order to create the heat supplied to the boiler. Biomass briquettes, mostly made of green waste and other organic materials, are commonly used for electricity generation, heat, and cooking fuel. These compressed compounds contain various organic materials, including rice husk, bagasse, ground nut shells, agricultural waste. The composition of the briquettes varies by area due to the availability of raw materials. The raw materials are gathered and compressed into briquette in order to burn longer and make transportation of the goods easier.

There is the difference between biomass pellet and biomass briquette.

Biomass pellets are usually utilized in home pellet stove, central heating boiler, industrial boiler, or in power plants to replace coal. They can also be used as horse bedding and cat litter. Howerver, biomass briquettes are sticks or blocks with large diameter and different shapes (hexagon, cylinder, cuboid, etc.) made by biomass briquette machines. They are primarily for industrial use for heating. See below for details:
LPI (LP Information)' newest research report, the “Biomass Briquette Fuel Industry Forecast” looks at past sales and reviews total world Biomass Briquette Fuel sales in 2022, providing a comprehensive analysis by region and market sector of projected Biomass Briquette Fuel sales for 2023 through 2029. With Biomass Briquette Fuel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biomass Briquette Fuel industry.

This Insight Report provides a comprehensive analysis of the global Biomass Briquette Fuel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biomass Briquette Fuel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biomass Briquette Fuel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biomass Briquette Fuel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biomass Briquette Fuel.

The global Biomass Briquette Fuel market size is projected to grow from US$ 9145.4 million in 2022 to US$ 16090 million in 2029; it is expected to grow at a CAGR of 16090 from 2023 to 2029.

The top five manufacters of Biomass Briquette Fuel are German Pellets, Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation and Vyborgskaya Cellulose, with about 20% market shares. Europe is the largest consumption place, with a consumption market share nearly 49%. Following Europe, North America is the second largest consumption place with the consumption market share of 32%.

This report presents a comprehensive overview, market shares, and growth opportunities of Biomass Briquette Fuel market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Bulk Biomass Briquette
    Biomass Pellet

Segmentation by application
    Power Generation
    Residential and Commercial Heating
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    German Pellets
    Enviva
    Pinnacle Renewable Energy Group
    Pacific BioEnergy Corporation
    Vyborgskaya Cellulose
    Rentech
    Graanul Invest Group
    RWE Innogy
    Lignetics
    E-pellet
    Drax Biomass
    General Biofuels
    BlueFire Renewables
    Pfeifer Group
    Biomass Secure Power
    Viridis Energy
    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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Biomass Briquette Fuel market?
What factors are driving Biomass Briquette Fuel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Biomass Briquette Fuel market opportunities vary by end market size?
How does Biomass Briquette Fuel break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?