Biomass Fuel (PKS) Research:CAGR of 10.1% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Biomass Fuel (PKS)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The global market for Biomass Fuel (PKS) was estimated to be worth US$ 1626 million in 2024 and is forecast to a readjusted size of US$ 2961 million by 2031 with a CAGR of 9.1% during the forecast period 2025-2031.



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https://www.qyresearch.com/reports/3429747/biomass-fuel--pks



Biomass Fuel (PKS) Market Summary

Palm Kernel Shells (PKS) are a byproduct of the palm oil industry and have emerged as a prominent biomass fuel due to their unique properties. Characterized by high calorific value, carbon neutrality, and ease of storage, PKS is widely used in biomass power plants. Its renewable nature and ability to reduce greenhouse gas emissions make it an attractive alternative to fossil fuels. Additionally, PKS utilization helps minimize waste from the palm oil industry, converting it into a valuable resource, thereby promoting circular economy principles.

According to the new market research report "Global Biomass Fuel (PKS) Market Report 2024-2030", published by QYResearch, the global Biomass Fuel (PKS) market size is projected to reach USD 2.74 billion by 2030, at a CAGR of 10.1% during the forecast period.

Global Biomass Fuel (PKS) MarketSize(US$ Million), 2024-2030
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Above data is based on report from QYResearch: Global Biomass Fuel (PKS) Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.



Global Biomass Fuel (PKS) Top5Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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Above data is based on report from QYResearch: Global Biomass Fuel (PKS) Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

Competitive Landscape

The global PKS market is highly fragmented yet competitive, with a mix of major players and numerous local distributors. Leading companies such as Iwatani Corporation, NISSIN BIO ENERGY, and DSNG (PT Dharma Satya Nusantara Tbk) accounted for 12.42% of global revenue in 2023. These players dominate through their established supply chains, certifications, and advanced processing capabilities. However, the market's fragmentation is driven by abundant PKS production in Southeast Asia, where local distributors and exporters such as Provident Biofuels, Arkan Group, and UNIPALM play a vital role. These entities connect surplus supply from countries like Indonesia and Malaysia to demand centers in Japan, South Korea, and Europe, highlighting the complex and decentralized market structure.

Key Regions

Southeast Asia, particularly Indonesia and Malaysia, serves as the production hub for PKS, with these two countries collectively producing the majority of the global supply. While a substantial portion of PKS is consumed locally, surplus is exported to demand-driven markets. Japan is the largest importer of PKS, driven by strong government incentives supporting renewable energy, the need for carbon-neutral power solutions, and its proximity to Southeast Asia. South Korea and Europe also represent significant demand centers, with Europe's focus on sustainability driving the adoption of Certified PKS. The Americas, while a smaller player, are emerging as a potential market due to increasing biomass-based power generation.

Market Drivers and Restraints

Drivers:

Renewable Energy Policies: Many governments are implementing incentives and policies to promote carbon-neutral energy, making PKS a favored choice for biomass power plants.

High Calorific Value: PKS offers an efficient energy source, making it an attractive alternative to coal and other fossil fuels.

Environmental Benefits: The carbon-neutral characteristics of PKS align with global decarbonization goals.

Cost-Effectiveness: PKS is relatively low-cost compared to other renewable energy sources, making it competitive in price-sensitive markets.

Restraints:

Certification and Traceability Requirements: Stringent certification policies in importing countries add complexity and cost to the supply chain.

Volatile Supply Chains: Dependence on Southeast Asian production creates vulnerabilities, especially during periods of disrupted palm oil production.

Logistical Challenges: Transporting PKS in bulk requires specialized infrastructure, which may not be readily available in all regions.

Future Outlook

The future of Biomass Fuel (PKS) looks promising, bolstered by the global shift towards renewable energy and increasing environmental awareness. As countries prioritize energy transition and carbon neutrality, PKS is expected to play a critical role in decarbonizing the energy sector. Technological innovations, such as improved drying and processing techniques, will further enhance the efficiency and applicability of PKS. Expanding certification systems and policy support will drive its adoption in new markets, while innovations in logistics and supply chain management will address current challenges. Overall, PKS is poised to become a key component of global renewable energy strategies, contributing to environmental protection and sustainable development.







The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Biomass Fuel (PKS) market is segmented as below:

By Company

Iwatani Corporation
NISSIN BIO ENERGY
DSNG (PT Dharma Satya Nusantara Tbk)
BIO ENECO
Palmline Bioenergy



Segment by Type

Non-Certified PKS
Certified PKS



Segment by Application

Residential
Business
Industry



Each chapter of the report provides detailed information for readers to further understand the Biomass Fuel (PKS) market:

Chapter 1: Introduces the report scope of the Biomass Fuel (PKS) report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)

Chapter 2: Detailed analysis of Biomass Fuel (PKS) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)

Chapter 3: Provides the analysis of various Biomass Fuel (PKS) market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)

Chapter 5: Sales, revenue of Biomass Fuel (PKS) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)

Chapter 6: Sales, revenue of Biomass Fuel (PKS) in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Biomass Fuel (PKS) competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Biomass Fuel (PKS) comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Biomass Fuel (PKS) market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global Biomass Fuel (PKS) Market Research Report 2025
Global and United States Biomass Fuel (PKS) Market Report & Forecast 2024-2030
Biomass Fuel (PKS)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Biomass Fuel (PKS) Market Insights, Forecast to 2030
Global Biomass Fuel (PKS) Market Research Report 2024
Biomass Fuel (PKS) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Biomass Fuel (PKS) - Global Market Insights and Sales Trends 2024
Global Biomass Fuel (PKS) Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global Biomass Fuel (PKS) Market Research Report 2023
Global Biomass Fuel (PKS) Market Insights, Forecast to 2029
Global Biomass Fuel (PKS) Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global and United States Biomass Fuel (PKS) Market Report & Forecast 2022-2028
United States Biomass Fuel (PKS) Market Report & Forecast 2021-2027

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