Biomass Black Pellets Market Forecast Driven by Renewable Energy Transition and Advanced Pelletization Technologies | Valuates Reports

Biomass Black Pellets Market Size
The global market for Biomass Black Pellets was valued at US$ 120 million in the year 2024 and is projected to reach a revised size of US$ 280 million by 2031, growing at a CAGR of 12.2% during the forecast period.

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The biomass black pellets market is witnessing strong market growth, fueled by the increasing shift toward renewable energy and demand for carbon-neutral fuel alternatives. The market size continues to expand as power producers and industrial users adopt black pellets due to their higher energy density and cleaner combustion properties.

By production type, torrefaction-based black pellets hold the largest market share, benefiting from their cost-effective processing and compatibility with existing pellet infrastructure. Steam explosion (SE)-based pellets form a smaller but faster-growing segment, reflecting innovation trends toward improved pellet quality, moisture resistance, and combustion efficiency in advanced pelletization facilities.

In terms of application, power generation stands as the dominant segment, largely driving market size as utilities and biomass plants prioritize sustainable fuel alternatives and emission reductions. Other applications-including thermal heating systems, industrial boilers, and specialty uses in co-firing and district energy-contribute to ongoing market trends and support further market growth.

Overall, the biomass black pellets market forecast signals sustained market growth, supported by evolving pelletization technologies, decarbonization policies, and expanding adoption in energy and industrial sectors seeking reliable, renewable fuel options.

by Type

• Torrefaction
• Steam Explosion (SE)

by Application

• Power Generation
• Others

By Company

Bionet, Blackwood Technology, Arbaflame, Airex Energy, TNO (ECN), Idemitsu Kosan, Futerra Fuels, Zilkha Biomass Energy (went bankrupt), Bioendev (went bankrupt)

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