Biomass Pellets Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Source (Agricultural residue, Wood sawdust, Others); End Use (Power generation, Industrial and Domestic Heating, Others) and Geography
Report Code: TIPRE00009220
| No. of Pages: 150
| Category: Chemicals and Materials
| Status: Upcoming
Biomass pellets are derived from solid waste, agricultural residue, and forestry residue. Biomass pellets are used as biofuels for commercial and residential heating, power generation, cooking, and other applications. In addition, biomass pellets are clean burning and renewable sources of fuel, which generally emit less particulate emissions. Some of the usually used raw materials in biomass pellets production include sawmill residue, tree barks, branches, leaves, rice husk, sugarcane bagasse, coconut shell, cotton stalk, etc.
The "Global Biomass Pellets Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biomass pellets market with detailed market segmentation by source, end use, and geography. The report provides key statistics on the market status of the leading biomass pellets market players and offers key trends and opportunities in the market.
Based on source, the global biomass pellets market is segmented into agricultural residue, wood sawdust, and others.
On the basis of end use, the market is segmented into power generation, industrial and domestic heating, and others.
MARKET DYNAMICS Drivers
Rising adoption of biomass pellets across various industries.
Biomass pellets are a renewable source of energy, and the surplus availability of biomass feedstocks in the form of forest waste and agricultural crop residue.
Growing uses of biomass pellets in domestic heating, heating stoves, fireplaces, and water heating.
Rising R&D activities drives the biomass pellets market.
Relatively high prices of raw materials
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The biomass pellets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biomass pellets market in these regions.
IMPACT OF COVID-19 ON BIOMASS PELLETS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the biomass pellets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from biomass pellets market are anticipated to lucrative growth opportunities in the future with the rising demand for biomass pellets in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biomass pellets market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Abellon CleanEnergy Limited
AS Graanul Invest
Drax Biomass Inc.
Enviva Partners, LP
Forest Energy Corporation
German Pellets GmbH
International WoodFuels LLC
Pinnacle Renewable Energy Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Energex American, Inc
3. Forest Energy Corporation
4. International WoodFuels LLC
5. Drax Biomass Inc.
6. Pinnacle Renewable Energy Inc
7. AS Graanul Invest
8. Andritz AG
9. Zilkha Biomass Energy
10. German Pellets GmbH