Wood Pellet Market Analysis and Global Outlook 2021 to 2025 - Enviva Partners LP, AS Graanul Invest, Drax Group Plc

The Global Wood Pellet Market report size 2021 present’s insights on the current and future development trends, global & regional scale, revenue growth, and profitability. The report also covers market share, production, challenges, constraints, drivers, and including different key players.

The Global “Wood Pellet Market” research report offers an overview of several major countries with key factors that are expected to market developments, dynamics, growth drivers, and business factors. The report present Key market segments valued based on Wood Pellet market size, growth rate and share. This report declares the historical and current market trends that are create the scope of the Wood Pellet industry. Also, it can provide an analysis of the impact of the Covid-19 pandemic that spread across various geographic regions over the globe. In detailed, the report delivers types of products, applications, end-users and countries, among others.

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Top Companies in the Global Wood Pellet Market: Enviva Partners LP, AS Graanul Invest, Drax Group Plc, Pinnacle Renewable Energy Inc, AN Viet Phat Energy Co. Ltd, International Woodfuels LLC, Energex American Inc., and Others.

Key Market Trend:

Wood Pellets for Power Generation Application to Dominate the Market

- Pellets are a solid biomass fuel, primarily produce from wood residues and agricultural by-products like straw. Specific advantages of pellets as compared to unprocessed biomass include standardized properties, high energy content, and high density.
- Electricity generation is one of the primary applications of wood pellets. During 2019, power generation installed capacity from solid biomass including wood pellets is estimated to be around 67.62 megawatts. Moreover, with the active participation of various countries in decarbonization, it is expected to have productive uses of wood pellets for power production during the forecast period.
- Drax Power Station in the United Kingdom is one of the prominent wood pellets power project, that generates nearly 3.9 gigawatts. The power generated is produced by using 75% wood pellets and rest by using coal.
- Combined heat and power (CHP) plant in Ueno, Japan, is one of the prominent wood pellets project in Asia, commissioned in 2015. The plant produces nearly 165 kilowatts of electricity.
- Ontario Power Plant in Canada has evaluated wood pellets uses in its power plant and is expected to utilize it in all units in the near future. With the increase in biomass feedstock from agriculture and forestry, it is expected that electricity generation from wood pellets is expected to get increased during the forecast period.

Regional Analysis:

Europe to Dominate the Market

- Europe was the largest wood pellet producer and consumer of wood pellets during 2018. Out of 35.4 million tones (MT) wood pellets produced in 2018, nearly 19.4MT was produced in Europe.
- Regarding consumption, 35MT wood pellets were consumed globally in 2018, of which 26.2 MT of wood pellets were consumed in Europe.
- The demand for wood pellets in Europe majorly comes for the residential heating facilities, commercial heating facilities, and CHP plants. With a decrease in atmospheric temperature, woods pellets consumption, especially in residential and commercial spaces increases.
- During 2018, the demand for wood pellets increased by 2.1MT in comparison to the year 2017. Nearly 65% of the demand was generated from residential spaces, 23% was generated from commercial spaces, and the rest 12% was generated from CHP plants.
- During 2018 nearly 40% of the total wood pellets consumed in Europe was for electricity generation. The government initiatives for decarbonization, and growing electricity generation from wood pellets in the European countries is likely to increase the total consumption of wood pellets in the European region during the upcoming time.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Wood Pellet Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Frequently Asked Questions about Wood Pellet market:

–   Who are the key players operating in the Wood Pellet market?
–   Which is the leading segment in the market?
–   At What CAGR is the market projected to grow in the forecast period (2021-2025)?
–   What is the key factor driving the market?
–   Which data rates would lead the market during the forecast period?
–   Which region is expected to dominate the Wood Pellet market in the next five years?

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