Biomass Pellets Market 2021 - Future Trends, On-going Demand, Opportunities, Segmentation, and Forecast till 2028

Biomass pellets are derived from solid waste, agricultural residue, and forestry residue. Biomass pellets are used as biofuels for commercial and residential heating, power generation, cooking, and other applications. In addition, biomass pellets are clean burning and renewable sources of fuel, which generally emit less particulate emissions. Some of the usually used raw materials in biomass pellets production include sawmill residue, tree barks, branches, leaves, rice husk, sugarcane bagasse, coconut shell, cotton stalk, etc.

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MARKET SCOPE

The "Global Biomass Pellets Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biomass pellets market with detailed market segmentation by source, end use, and geography. The report provides key statistics on the market status of the leading biomass pellets market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

Based on source, the global biomass pellets market is segmented into agricultural residue, wood sawdust, and others.

On the basis of end use, the market is segmented into power generation, industrial and domestic heating, and others.

MARKET DYNAMICS

Drivers

Rising adoption of biomass pellets across various industries.

Biomass pellets are a renewable source of energy, and the surplus availability of biomass feedstocks in the form of forest waste and agricultural crop residue.

Growing uses of biomass pellets in domestic heating, heating stoves, fireplaces, and water heating.

Rising R&D activities drives the biomass pellets market.

Restraints:

Relatively high prices of raw materials

IMPACT OF COVID-19 ON BIOMASS PELLETS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The biomass pellets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biomass pellets market in these regions.

MARKET PLAYERS

1. Energex American, Inc
2. Enviva
3. Forest Energy Corporation
4. International WoodFuels LLC
5. Drax Biomass Inc.
6. Pinnacle Renewable Energy Inc
7. AS Graanul Invest
8. Andritz AG
9. Zilkha Biomass Energy
10. German Pellets GmbH

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This release was published on openPR.