Press release
White Coal Industry Outlook 2025-2029: Market Set to Cross $4.66 Billion Milestone
White Coal
How Large Will the White Coal Market Size By 2025?
In recent years, there has been significant growth in the size of the white coal market. The market is expected to see an increase from $3.1 billion in 2024 to $3.37 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. The previous growth can be traced back to factors such as rural development programs, international agreements, changes in fossil fuel prices, carbon pricing and emission rules.
How Big Is the White Coal Market Size Expected to Grow by 2029?
In the coming years, the market size of white coal is anticipated to witness robust growth, expanding to $4.66 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%. Factors contributing to this projected growth during the forecast period include renewable energy policies, international trading agreements, efforts to mitigate climate change, population growth, and urbanization. Key trends during the forecast period incorporate a decrease in energy use, effective cylindrical bio-coal briquettes, and concerns related to cybersecurity.
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Which Key Market Drivers Powering White Coal Market Expansion and Growth?
The white coal market's expansion is anticipated to be propelled by the increasing popularity of renewable energy. Renewable energy comes from continually replenishing resources that essentially never run out on a human timescale. This trend is emerging due to climate change worries, heightened environmental impacts awareness, and positive economic scenarios. White coal, which is produced from renewable biomass materials, provides a less environmentally damaging alternative to regular coal. For example, the U.S. Energy Information Administration stated in March 2022 that renewable energy's contribution to power production is predicted to almost triple, escalating from 21% in 2021 to 44% in 2050. This surge is primarily driven by new developments in wind and solar power. Consequently, the burgeoning demand for renewable energy is fueling the white coal market's expansion.
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Which Fast-Growing Trends Are Poised to Disrupt the White Coal Market?
Leading players in the white coal industry are strategizing advanced supply-side bio-coal approaches to increase their manufacturing capabilities, enhance production methods, and launch fresh bio-coal offerings to establish their market dominance. For example, SSGE Bio-Energy, an energy provider based in Hong Kong, declared in November 2022 their intentions to deliver bio-coal as a substitute power source to utility companies and homes. The bio-coal, produced from waste materials like rice husks or peanut shells, boasts a comparable energy yield to coal, yet leaves a smaller carbon footprint, meaning a reduction in carbon dioxide emissions by 2.5 metric tons for each ton of bio-coal utilized. Moreover, this process guarantees there's no release of any additional carbon dioxide into the environment when bio-coal is burned, thus presenting it as an eco-friendly energy alternative.
What Are the Emerging Segments in the White Coal Market?
The white coal market covered in this report is segmented -
1) By Type: Pyrolysis, Hydrothermal Carbonization, Other Types
2) By Mining Technology: Surface Mining, Underground Mining
3) By Application: Ceramic, Chemical, Food And Beverage, Textile, Power, Other Applications
Subsegments:
1) By Pyrolysis: Slow Pyrolysis, Fast Pyrolysis
2) By Hydrothermal Carbonization: Low-Temperature Hydrothermal Carbonization, High-Temperature Hydrothermal Carbonization
3) By Other Types: Gasification, Torrefaction, Briquetting
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Who Are the Global Leaders in the White Coal Market?
Major companies operating in the white coal market are KKR Bio Fuels, Nexgen Energia, Vow ASA, CSC Bio-Coal Sdn Bhd, Vega Biofuels Inc., Balaji Agro Coal lndustries, NextCoal International Inc., VIGIDAS PACK, Global Bio-Coal Energy Inc., TorrCoal, Airex Energy Inc., SSGE Bio-Energy Company Ltd., Hind Bio Coal, BMK Woods LLC, JK Bio Energy, Ronak Agrotech Engineering, Radhe Engineering Co, Lehra Fuel Tech Pvt Ltd., Birquetting Machine Co, Green Fuel India, Eco Stan Ltd., Guru Nanak Agro Industries Inc., Biomass Briquette Systems LLC, Drax Group plc, White Energy Inc
Which are the Top Profitable Regional Markets for the White Coal Industry?
North America was the largest region in the white coal market in 2024. The regions covered in the white coal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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