United States Wood Fuels Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

The wood fuels market was valued at $15,519.33 million in 2024 and is estimated to grow to $25,305.73 million in 2031 with a CAGR of 10.27% between 2025 and 2031

Key Development:

United States: Recent Industry Developments

✅ In October 2025, Carolina Renewable Products announced a $280 million investment in Orangeburg County, South Carolina. The facility will convert sustainable wood biomass into renewable diesel, biochar, and wood vinegar, creating 155 jobs by 2026.

✅ In May 2025, the USDA Forest Service awarded $80 million in Wood Innovation Grants to support wood products manufacturing and expand active forest management. The grants aim to accelerate energy innovation across America's timber-producing communities.

✅ In September 2024, Woodland Biofuels unveiled plans for a $1.35 billion investment at the Port of South Louisiana. The project aims to establish the world's largest carbon-negative renewable natural gas plant and ultra-green hydrogen facility.

Japan: Recent Industry Developments

✅ In July 2025, Toshiba Energy Systems began operations of its 20 MW alkaline electrolyzer at a hydrogen production site in Fukushima. The plant uses surplus renewable energy from local solar and wind farms to supply hydrogen for fuel cell vehicles and power generation.

✅ In June 2025, Kawasaki Heavy Industries unveiled a high-efficiency solid oxide electrolyzer cell (SOEC) system. The technology targets reduced electricity consumption for industrial hydrogen production, with pilot testing underway with major steel manufacturers.

✅ In May 2025, Mitsubishi Power partnered with Chiyoda Corporation to integrate large-scale electrolyzers with offshore wind projects. The goal is to produce green hydrogen for export under Japan's clean energy diplomacy strategy.

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Wood fuels are renewable energy sources derived from wood and wood-derived materials, such as firewood, pellets, chips, and sawdust, used for heating, electricity generation, and industrial energy. They offer a sustainable alternative to fossil fuels, helping reduce carbon emissions and promote bioenergy solutions.

Recent Mergers and acquisitions:

United States

✅ In October 2025, Enviva Partners LP announced its acquisition of the Sampson County pellet plant from its joint venture affiliates. This move is part of Enviva's strategy to expand its footprint in the southeastern U.S. and enhance its position as a leading producer of industrial wood pellets for the global biomass market.

✅ In January 2025, USA BioEnergy closed on the acquisition of over 1,600 acres of land in Bon Wier, Texas. This site is intended for a $2.8 billion advanced biorefinery project that will convert wood waste into sustainable aviation fuel (SAF), with a 20-year offtake agreement secured with Southwest Airlines.

✅ In June 2025, Danos LLC finalized the acquisition of John Wood Group PLC's onshore oil and gas labor supply operations in the United States. This acquisition aims to expand Danos' workforce services in key shale regions and enhance its capabilities in the energy sector.

Japan

✅ In February 2025, Daito Trust Construction agreed to fully acquire Ichinohe Forest Power, the operator of a 6.25 MW biomass power plant in Iwate Prefecture, from Fujikoh. This acquisition aligns with Daito Trust Construction's goal to achieve 100% renewable energy usage for its operations by 2040.

✅ In February 2025, Sumitomo Corporation, Nippon Paper Industries, and Green Earth Institute established a joint venture, Morisora Bio Refinery LLC, to produce bioethanol and biochemicals from woody biomass. The semi-commercial plant is set to begin operations in 2027 at Nippon Paper's Iwanuma Mill in Miyagi Prefecture.

Key Players:

=> Enviva Inc., Drax Group plc, Pinnacle Renewable Energy, Lignetics, Inc., Energex, Green Energy Biofuel, Pacific BioEnergy, Fram Renewable Fuels, The Westervelt Company, West Oregon Wood Products

Growth Forecast Projected:

The Global wood fuels Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2031. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global wood fuels Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Source Type: Natural Forests, Plantation Forests, Agroforestry, Others
➥ By End Use: Residential Heating & Cooking, Industrial Heating, Power Generation, Others

Regional Analysis for wood fuels Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among wood fuels producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze wood fuels revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the wood fuels Market?

A: In 2024, the wood fuels Market was valued at $15,519.33 million, reflecting its strong industry presence.

Q2: How large is the wood fuels Market expected to be by 2031?

A: By 2031, industry forecasts suggest the wood fuels Market will grow to around $25,305.73 million, demonstrating significant expansion.

Q3: What is the growth rate of the wood fuels Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 10.27% during the forecast period from 2025 to 2031.

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