Press release
Biomass Briquette Fuel Market to Witness Robust Expansion by 2023
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.
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Global Biomass Briquette Fuel Market: Forecast by Type / Application / Region
At present, in developed countries, the Biomass Fuel industry is generally at a more advanced level. 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.
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 Biomass Briquette Fuel 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.
Over the next five years, LPI(LP Information) projects that Biomass Briquette Fuel will register a 8.3% CAGR in terms of revenue, reach US$ 10900 million by 2023, from US$ 6760 million in 2017.
Global Biomass Briquette Fuel Market: Key Players
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
Enova Energy Group
Corinith Wood Pellets
Maine Woods Pellet
Appalachian Wood Pellets
Bear Mountain Forest Prod
Agropellets
West Oregon Wood Prod
Bayou Wood Pellets
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Related Information:
United States Biomass Briquette Fuel Market Research Report 2018
Europe Biomass Briquette Fuel Market Research Report 2018
North America Biomass Briquette Fuel Market Research Report 2018
Asia-Pacific Biomass Briquette Fuel Market Research Report 2018
China Biomass Briquette Fuel Market Research Report 2018
EMEA Biomass Briquette Fuel Market Research Report 2018
Global Biomass Briquette Fuel Market Research Report 2018
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