The global Biomass Briquette market was valued at 32 Million USD in 2020 and will grow with a CAGR of 7.65% from 2020 to 2027, based on HNY Research newly published report.
The prime objective of this
report “Global
and Regional Biomass Briquette Industry Status and Prospects Professional
Market Research Report Standard Version 2021-2027” is to provide the
insights on the post COVID-19 impact which will help market players in this
field evaluate their business approaches. Also, this report covers market
segmentation by major market verdors, types, applications/end users and
geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle
East, Africa, Oceania, South America).
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 are 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 are 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.
At present, in developed countries, the Biomass Fuel industry is generally at a
more advanced level.
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The world's large
enterprises are mainly concentrated in EU. Meanwhile, foreign companies have
more advanced equipment, strong R & D capability, and leading technical
level. With the development of Chinese Biomass Fuel industry production
technology, their share in the international market is increasing, and
competitiveness in the international market gradually increases. The demand for
industrial biomass briquette & pellets for energy production is driven, in
significant part, by governmental policies and incentives. EU has become a large
international consumption country of Biomass Fuel industry, in 2015 EU account
for approximately 76.43% of global biomass briquette & pellets production.
As Chinese overall economic downward trend in the past few years, in the next
few years there will be many uncertainties, and coupled with Biomass Fuel
industry situation in the past few years, the current demand for Biomass
Molding Fuel product is relatively low. In the coming years, as the
environmental standards are more and more strict, biomass fuel market is
expected to witness the highest growth rate in the Asia-Pacific region.
Although biomass briquette & pellets brings a lot of opportunities, the
study group recommends that the new entrants just having money but without
technical advantages and upstream/downstream support should not to enter into
this field.
By
Market Verdors:
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 Energy
Westervelt
Energex
Fram Renewable Fuels
Protocol Energy
Premium Pellet Ltd.
Granules LG
By
Types:
Biomass Briquette
Biomass Pellet
By
Applications:
Thermal Energy
Power Generation
Key
Indicators Analysed
Market
Players & Competitor Analysis: The report Global
Biomass Briquette Market covers the key players of the industry
including Company Profile, Product Specifications, Production Capacity/Sales,
Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis
of the market's competitive landscape and detailed information on vendors and
comprehensive details of factors that will challenge the growth of major market
vendors.
Global
and Regional Market Analysis: The report includes Global
& Regional market status and outlook 2016-2027. Further the report provides
break down details about each region & countries covered in the report.
Identifying its sales, sales volume & revenue forecast. With detailed
analysis by types and applications.
Market
Trends: Market key trends which include Increased Competition
and Continuous Innovations.
Opportunities
and Drivers: Identifying the Growing Demands and New
Technology
Porters
Five Force Analysis: The report provides with the state of
competition in industry depending on five basic forces: threat of new entrants,
bargaining power of suppliers, bargaining power of buyers, threat of substitute
products or services, and existing industry rivalry.
For More
Information, refer to below link:-
Global
Biomass Briquette Market Forecast 2027
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