Palm Kernel Shell (PKS) Market Growth Driven by Biomass Energy Demand | Valuates Reports

Palm Kernel Shell (PKS) Market Size
The global market for Palm Kernel Shell (PKS) was valued at US$ 1815 million in the year 2024 and is projected to reach a revised size of US$ 3133 million by 2031, growing at a CAGR of 8.7% during the forecast period.

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The Palm Kernel Shell (PKS) market is gaining strong momentum as industries increasingly adopt renewable and sustainable energy sources. Derived as a byproduct of palm oil production, PKS has emerged as an efficient and cost-effective biomass fuel, especially for industrial-scale applications. Its relatively high calorific value and low moisture content make it suitable for combustion, replacing traditional fossil fuels in power generation and heating systems.

The growth of the PKS market is largely influenced by global efforts to reduce carbon emissions and reliance on coal and petroleum-based energy. Governments and industries across various regions are promoting bioenergy as part of their clean energy transitions, which has spurred interest in materials like PKS. This trend is particularly evident in countries with stringent environmental policies, where biomass energy plays a crucial role in meeting climate targets.

Manufacturers and energy providers are investing in advanced technologies to process and refine PKS into more consistent and transportable forms such as pellets and briquettes. These innovations are improving supply chain efficiency and expanding PKS adoption in both domestic and international markets. Additionally, partnerships between palm oil producers and energy firms are streamlining the sourcing and distribution of PKS for biomass power plants.

Southeast Asia, with its abundant palm oil production, remains the key supplier in the global PKS market. Meanwhile, nations in East Asia and parts of Europe are becoming significant consumers due to their growing energy needs and environmental commitments. This export-import dynamic is shaping global trade flows and encouraging further development in PKS infrastructure and logistics.

Overall, the Palm Kernel Shell market is positioned for steady expansion, supported by its environmental benefits, economic viability, and increasing acceptance as a mainstream renewable energy resource. As energy systems evolve and sustainability goals intensify, PKS is expected to play an important role in the global biomass fuel landscape.

by Type

• PKS Briquettes
• PKS Pellets
• Others

by Application

• Industrial Heating
• Power Generation
• Others

By Company

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

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