openPR Logo
Press release

Wood Pellets Market Revenue and Value Chain 2019-2027

10-29-2020 04:12 AM CET | Energy & Environment

Press release from: Transparency Market Research

Key Highlights of Wood Pellets Market

The global wood pellets market is expected to expand at a CAGR of 6.12% during the forecast period. In terms of value, the wood pellets market is anticipated to reach US$ 14.5 Bn by 2027.
Based on application, the heating segment held dominant share of the global wood pellets market in 2018. It is estimated to lead the wood pellets market in terms of value during the forecast period. Wide usage of wood pellets in heating applications in industrial and residential establishments is estimated to boost the segment in the near future. Rise in popularity of pellet fuel in advanced nations such as Canada is projected to boost the demand for wood pellets in various regions. Recent advancements in manufacturing processes of wood pellets have improved the commercial production of biomass, thereby accentuating the demand for wood pellets in heating applications. Furthermore, establishment of these manufacturing units is less capital-intensive vis-à-vis that for wind and solar energy. This has boosted the demand for wood pellets in heating applications.
The wood pellets market in Europe is likely to expand at a significant pace during the forecast period, owing to the implementation of stringent government regulations to lower carbon emissions in countries such as Germany, the U.K., Denmark, and Italy

Request Brochure:

Key Drivers of Global Wood Pellets Market

Of late, carbon emissions have increased significantly owing to rapid industrialization, which has led to climate change
Governments of various countries are striving to lower the climate change impact by enhancing penetration of renewable technologies. Several tax incentives program such as state income tax credit, state sales tax exemption, local property tax exemption, and corporate income tax deduction are offered by various governments to promote the adoption of renewable resources.
Numerous federal level incentives are also available to municipal projects, businesses, and nonprofit organizations. These include business tax incentives, modified accelerated cost recovery system (MACRS), and tax incentives for subsidies and grants.
Regulatory framework and government support, such as government grants and funding programs, which provide investment subsidies and tax benefits play a key role in driving the wood pellets market. Various government schemes, such as Renewable Heat Incentive (RHI) introduced in April 2013, have resulted in generating substantial interest in the wood pellets market in the U.K. Such schemes are expected to drive the wood pellets market in the near future.

More Trending Reports by TMR:

Europe Dominates Global Wood Pallets Market

Europe dominated the global wood pallets market in 2018. The wood pellets market in the region is driven by various government initiatives such as significant fiscal subsidies to boost the generation of renewable sources of energy. This has incentivized the use of wood pellets to produce electrical energy in the region.
Major Developments in Global Wood Pallets Market

In December 2018, AAR won an order worth US$ 27.5 Mn from USAF for the production of 463L cargo pallets, which is expected to boost the company’s footprint across the world.
In April 2018, The Westervelt Company announced plans to expand its lumber manufacturing capacity in South Alabama, the U.S. The new mill is expected to produce 250 million board feet of lumber annually. Expansion of the existing facility is estimated allow the company to expand its regional presence in North America.
In October 2017, PalletOne, Inc., a U.S.-based pallet manufacturer, acquired North East Texas Pallet, a pallet manufacturer located in Clarksville, Texas, the U.S. The acquisition would enable the company to enhance its operational efficiency and customer service.

Buy Now:<ype=S

Competition Landscape of Global Wood Pallets Market

The global wood pallets market is consolidated, with large players accounting for majority of the share. Key players operating in the global wood pallets market are Andritz AG, Drax Group plc, Enito Singpellet Pte Ltd, Enviva LP, F.E. Wood & Sons, German Pellets GmbH, Georgia Biomass, LLC, Allance Pellet Machinery, The Westervelt Company, Pinnacle Renewable Energy Group, Rentech, Inc., Energex, and Wood Pellet Energy (UK) LTD.
Market players adopt various strategies such as mergers & acquisitions, investments in new projects, and technological innovations in order to boost their share in the global wood pallets market

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and technique in developing distinctive data sets and research material for business reports.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wood Pellets Market Revenue and Value Chain 2019-2027 here

News-ID: 2175323 • Views: 280

More Releases from Transparency Market Research

Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals

All 5 Releases

More Releases for Wood

Global Wood Waxes Market For Particleboard, Wood Coating, Lubrication
Latest industry research report on: Global Wood Waxes Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. In this report, the global Wood Waxes market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. In addition, drivers, restraints and opportunities, competitive landscape have also been
Innovative Wood Art Pet Furniture
The Catgroove pet sofa bed. The Catgroove is an oversized ultra-plush pet bed finely handcrafted from Grade 1 solid teak wood, featuring huge inward space for the lazy and sleepy needs of our cats. This bed also has a removable/washable cushion cover for easy cleaning. The finest finish one can find with such ease, with a comfy, high-loft, milled foam cushion, it boasts durable furniture grade construction. Comfortably fits pets
U.S. Wood Moldings, Wood Flooring, And Other Wood Millwork Products Market. Anal …
IndexBox has just published a new report "U.S. Wood Moldings, Wood Flooring, And Other Wood Millwork Products Market. Analysis And Forecast to 2025" ( ). The report provides on a detailed analysis of the U.S. wood millwork product market. It indicates the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information
Cedar Wood Market 2017- Cedar Forest, Rivers Wood Products, Hy Mark Wood Product …
Apex Research, recently published a detailed market research study focused on the "Cedar Wood Market" across the global, regional and country level. The report provides 360° analysis of "Cedar Wood Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Cedar Wood industry, and estimates the future trend of Cedar Wood market on
Wood Adhesives Market 2017 - 2026
Wood Adhesives Market Size, Research, Annalysis, Growth | Industry Report 2022 Market Research Report to It’s a Database. sample copy @ “The global wood adhesives market is projected to grow at a CAGR of 3.10% from 2016 to 2026” The global wood adhesives market is projected to reach USD 5.24 billion by 2026, at a CAGR of 3.10% from 2016 to 2026. Growth in this market is mainly attributed
Urbane Living: Reclaimed Wood Flooring
LONDON - 11 June, 2016: Urbane Living introduce a touch of timeless character to your home with Urbane Living's range of reclaimed wood flooring. Crafted from naturally-aged timber sourced from old barns, factories, schools and railway wagons, the repurposed nature of the wood makes reclaimed boards a highly sustainable and ethical flooring option. The longer the timber has matured, the harder and more stable the boards become, with years of exposure to