Press release
2025 White Coal Market Outlook: Key Indicators Shaping Growth Through 2034
White Coal
What Will the White Coal Industry Market Size Be by 2025?
In recent times, the market size of white coal has shown robust growth. It is predicted to expand from $3.1 billion in 2024 to approximately $3.3 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 6.4%. Factors contributing to its growth during the historic period include rural development initiatives, international commitments, fluctuations in fossil fuel costs, carbon pricing, and emission rules.
What's the Long-Term Growth Forecast for the White Coal Market Size Through 2029?
The market size of white coal is anticipated to experience notable expansion in the forthcoming years, reaching $4.16 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. The predicted increase during the forecast period can be credited to elements such as renewable energy strategies, global trade and agreements, efforts to mitigate climate change, increasing population, and urbanization. The principal trends for this forecast period comprise a decrease in energy consumption, enhanced cylindrical bio-coal briquettes, and issues related to cybersecurity.
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What Are the Key Growth Drivers Fueling the White Coal Market Expansion?
The increasing need for renewable energy is anticipated to drive the advancement of the white coal market. Renewable energy, virtually limitless on human timescales, comes from resources that naturally refresh themselves. The driving factors behind this surge are climate concerns, heightened awareness about environmental impacts, and advantageous economic conditions. As an alternative to traditional coal, white coal is a greener option that originates from renewable biomass materials. For instance, the U.S. Energy Information Administration, a US-based government agency, stated in March 2022 that the portion of power generation from renewable energy is expected to triple, moving from 21% in 2021 to 44% in 2050. This increase is majorly due to new developments in wind and solar power. Consequently, the escalating need for renewable energy is steering the expansion of the white coal market.
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What Long-Term Trends Will Define the Future of the White Coal Market?
White coal market's leading businesses are strategizing innovative solutions for the supply side of bio-coal to boost production volumes, enhance production methods, and launch novel bio-coal products to maintain a competitive market stance. For example, in November 2022, SSGE Bio-Energy, an energy provider based in Hong Kong, unveiled its plans to distribute bio-coal as a substitute energy source for power plants and residential areas. This bio-coal, extracted from waste products like rice husks or peanut shells, holds comparable energy value to coal, but with a reduced carbon footprint, slashing carbon dioxide emissions by 2.5 metric tons for each ton of bio-coal utilized. Furthermore, this approach guarantees no new carbon dioxide emissions from bio-coal combustion, making it a greener fuel alternative.
How Is the White Coal Market Segmented?
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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Which Companies Are Leading the Charge in White Coal Market Innovation?
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 Regions Are Leading the Global White Coal Market in Revenue?
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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