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Global Black Pellets Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like Bionet,Arbaflame,Airex Energy,Inc.
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Black Pellets are produced through torrefaction or steam exploded, during which water content, cellulose sugars, and other volatile organic compounds are removed from the biomass to produce a solid biofuel with characteristics similar to those of fossil coal.
Black pellet is a solid fuel that is produced by crushing and densifying waste timber like sawdust, forestry residues, industrial byproducts like old paper and forestry wastes. The black pellet is mainly used for Power Generation, Other (Boiler household etc.). And Power Generation is the largest usage with the share of about 97%.
North America (USA and Canada) is the biggest producer for black pellets, and produced about 489 thousand MT (more than 60% of the global total) of Black pellets in 2017. Europe is the other key producer of the Black pellets market with the share of about 34% in 2017.
Europe and North America are the two largest consumption markets of black pellets in the world in the past few years and it will keep the same position in the next years. Sales volume of the Europe took up about 45.7% the global market in 2017 while North America took up about 49.1%. And North America is the largest exporter of black pellets in the world at present.
According to this study, over the next five years the Black Pellets market will register a 14.8% CAGR in terms of revenue, the global market size will reach US$ 450 million by 2024, from US$ 230 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Black Pellets business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Zilkha Biomass Energy
New Biomass Energy
Bionet
Blackwood Technology
Arbaflame
Airex Energy
Bioendev
ECN
Market Segment by Type, covers
Torrefaction
Steam Explosion (SE)
Market Segment by Applications, can be divided into
Power Generation
Others
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Related Information:
North America Black Pellets Market Growth 2019-2024
United States Black Pellets Market Growth 2019-2024
Asia-Pacific Black Pellets Market Growth 2019-2024
Europe Black Pellets Market Growth 2019-2024
EMEA Black Pellets Market Growth 2019-2024
Global Black Pellets Market Growth 2019-2024
China Black Pellets Market Growth 2019-2024
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