Press release
Know Worldwide specifications of the Biomass Briquettes Market Size 2023-2033 | Top Key Players: German Pellets GmbH, Pinnacle Renewable Energy Inc., Appalachian Wood Pellets LLC., Premium Pellet Ltd., Pacific BioEnergy Corporation.
Global Biomass Briquettes Market Size
The process of turning green waste and other natural materials into molding fuel or biofuel is known as biomass briquette. The biomass briquette is frequently used as a fuel for cooking, electricity, and heating. Various organic resources, including rice husk, pulverized nutshells, bagasse, urban strong waste, and other high nitrogen wastes, are included in the biomass briquette compounds. Emissions of greenhouse gases from biomass briquettes are lower than those from conventional fossil fuels. Briquettes made from biomass are becoming a more appealing option for reducing emissions as homelands and industry seek to lower their carbon footprints. However, the market is being fueled by the affordability of raw materials and the advantages that biomass briquettes offer, including identical combustion at high densities and reduced emissions.
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The sawdust biomass briquette segment is anticipated to grow at the highest CAGR of the biomass briquettes market during the projected timeframe.
Based on the type, the biomass briquettes market is divided into sawdust biomass briquette, agromass biomass briquettes, and wood biomass briquette. Among these, the sawdust biomass briquette segment is anticipated to grow at the highest CAGR of the biomass briquettes market during the projected timeframe. It serves as a highly profitable and versatile byproduct of the growing wood processing industry. One of the primary drivers of growth in the wood processing industry is the increasing number of severe regulations governing waste generated by operations.
The power generation segment accounted for the largest revenue share of the biomass briquettes market during the projected timeframe.
Based on the application, the biomass briquettes market is divided into power generation, thermal energy, and others. Among these, the power generation segment accounted for the largest revenue share of the biomass briquettes market during the projected timeframe. The demand for power generation applications was driven by a rising focus on creating sustainable energy and reducing reliance on traditional fuel sources. Because there are increasing investments in biomass briquette production, biomass briquette fuels are easy to make and have no negative environmental impact.
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Europe is expected to hold the largest share of the biomass briquettes market over the forecast period.
Europe is expected to hold the largest share of the biomass briquettes market over the forecast period. This dominance is because of the main growth driver in European countries driving the growing tendency toward the production and use of clean, green energy. Despite growing expenses and erratic fuel supplies, Europe is actively working to reduce its dependency on fossil fuels.
Asia Pacific is predicted to grow at the fastest pace in the biomass briquettes market during the projected timeframe. The Asia Pacific region's enormous population growth and inadequate supply of energy resources are expected to drive the industry. The two main countries driving the expansion of biomass briquettes in the area are China and India. Both nations depend heavily on agriculture and grow distinct kinds of crops.
Major vendors in the biomass briquettes market are German Pellets GmbH, Pinnacle Renewable Energy Inc., Appalachian Wood Pellets LLC., Premium Pellet Ltd., Pacific BioEnergy Corporation, Biomass Secure Power Inc., Balcas Energy, Viridis Energy Inc., Ecomax Energy Services Ltd., DiRenzo Coal Co. LLC, Drax Group plc, Rentech Inc., Biomass Briquette Systems LLC, Energex Corporation, and others.
Recent Developments
In February 2024, ProcMart announced a strategic partnership with regional suppliers in the development of biomass pellets and briquettes. ProcMart's dedication to sustainable business practices is demonstrated by this initiative, which also strengthens the company's leadership in holistic sourcing solutions.
Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting And Research Firm
Venture capitalists
Value-Added Resellers (VARs)
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the biomass briquettes market based on the below-mentioned segments:
Global Biomass Briquettes Market, By Type
Sawdust Biomass Briquette
Agromass Biomass Briquette
Wood Biomass Briquette
Global Biomass Briquettes Market, By Application
Power Generation
Thermal Energy
Others
Global Biomass Briquettes Market, By Regional Analysis
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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