Black Pellet Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Black Pellet Market: Overview

Black pellets are produced from biomass by using various methods such as torrefaction and steam explosion. In this process, water, cellulose, sugars, and other volatile organic compounds are removed from the biomass to produce solid pellets. These pellets have characteristics similar to those of fossil coal.
Black pellets are produced from waste timber such as forestry residues, sawdust, and industrial byproducts including old paper and forestry wastes

Click here to Details of the Report-
https://www.transparencymarketresearch.com/black-pellet-market.html

Key Drivers and Restraints of Global Black Pellet Market

Rise in industrialization and urbanization across the globe is estimated to be a key driver of the global black pellet market. Demand for heat and electricity has been increasing significantly across the world over the last few years. This is expected to drive the global black pellet market during the forecast period.
Implementation of stringent rules and regulations to minimize carbon emissions, produced by combustion of fossil fuel and coal, is another key driver of the global black pellet market. This implementation has encouraged companies to focus on production of better, cleaner, and inexpensive fuels. Black pellets provide a cleaner and inexpensive solution.
Increase in usage of renewable energy, such as solar, wind, and hydro, is estimated to hamper the global black pellet market in the near future. Over the last few year, there has been significant increase in investments in renewable energy sources. This is projected to adversely affect the global black pellet market during the forecast period.

Request a Sample –
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77556

Global Black Pellet Market: Segmentation

The global black pellet market can be segmented based on product, application, end-user, and region
In terms of product, the global black pellet market can be classified into torrefaction, steam explosion, and hydrothermal carbonization. Steam explosion is the most extensively used method to produce black pellets, as it does not generate any pollutants during the manufacturing process. Hence, the demand for steam explosion is expected to be high in the near future. 
Based on application, the global black pellet market can be bifurcated into power generation and heat generation. The power generation segment is estimated to expand at a significant CAGR during the forecast period, owing to increase in the demand for electricity across the globe led by increase in industrialization and urbanization.
Based on end-user, the global market can be divided into residential, commercial, industrial, and utilities. The industrial segment is expected to lead the global market during the forecast period, due to rise in industrialization across the globe. This trend is anticipated to continue during the forecast period.

Request for covid19 impact analysis –
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=77556

Global Black Pellet Market: Regional Segmentation

Based on region, the global black pellet market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa 
North America dominated the global black pellet market in 2019. The market in the region is projected to expand significantly during the forecast period, owing to rise in the demand for green energy from residential and industrial sectors in the region. The U.S. is the world-leading producer and consumer of black pellets and it is likely to lead the black pellet market in North America during the forecast period.
The market in Europe is anticipated to expand significantly during the forecast period, owing to stringent government rules and regulations to limit emissions of carbon dioxide and greenhouse gases. Several industries, commercial complexes, and residential consumers use black pellets, as these pellets can replace the coal used in coal-fired boiler units.
Asia Pacific is estimated to be a key region of the global black pellet market in the near future. A significant number of projects are being undertaken by various countries in the region, such as China, India, and Japan, to reduce the level of greenhouse gas (GHG) emissions.
The black pellet market in Latin America and Middle East & Africa is anticipated to expand at a steady pace during the forecast period. Increase in investments in the production of bio-based energy in developing counties is expected to drive the black pellet market in these regions during the forecast period.

Pre-Book now-
https://www.transparencymarketresearch.com/checkout.php?rep_id=77556<ype=S

Key Players Operating in Global Black Pellet Market
BLACKWOOD TECHNOLOGY B.V.
FUTERRA FUELS
Zilkha Biomass Energy
Bioendev
Arbaflame AS
Bionet
Airex Energie Inc.

Global Black Pellet Market: Research Scope

Global Black Pellet Market, by Product
Torrefaction
Steam Explosion
Hydrothermal Carbonization

Global Black Pellet Market, by Application
Power Generation
Heat Generation

Global Black Pellet Market, by End-user
Residential
Commercial
Industrial
Utilities

The Global Black Pellet Market, by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Russia & CIS
Rest of Europe
Asia Pacific
China
South Korea
Japan
India
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

More Trending Report-
https://www.prnewswire.com/news-releases/rising-demand-for-synthetic-wax-growing-usage-in-polishing-applications-to-trigger-growth-of-global-montan-wax-market-tmr-insights-301354377.html

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

About Us

Transparency Market Research (TMR) is a 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. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

This release was published on openPR.