Press release
Briquette Market to Witness Robust Expansion by 2023
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.
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Global Briquette 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.
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 2016. EU accounted for approximately 79.68% of global biomass Biomass Briquette Fuel 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 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 Briquette will register a 7.8% CAGR in terms of revenue, reach US$ 10600 million by 2023, from US$ 6760 million in 2017.
Global Briquette 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 Briquette Market Research Report 2018
Europe Briquette Market Research Report 2018
North America Briquette Market Research Report 2018
Asia-Pacific Briquette Market Research Report 2018
China Briquette Market Research Report 2018
EMEA Briquette Market Research Report 2018
Global Briquette Market Research Report 2018
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