Biomass Pellets Market for Industrial Applications and Residential Applications Analysis and Forecast, 2016 – 2022

Biomass Pellets Market for Industrial Applications and Residential Applications Analysis and Forecast, 2016 – 2022

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According to the report, the global biomass pellets market accounted for USD 7.65 Billion in 2016 and is expected to reach USD 15.9 Billion by 2022, growing at a CAGR of around 11.0% between 2017 and 2022. The global biomass pellets market is expected to witness significant growth over the forecast period on account of rising environmental awareness and government regulations. Biomass is used as a heating fuel and can be derived from various sources such as woody plants, timber industry, sawdust, sugarcane crop, and switch grass. The growing disposable income and the consequent demand for nonconventional sources of energy are expected to drive the demand for biomass pellets market within the forecast period. Furthermore, the rapid depletion of fossil fuels and global warming are expected to aid the growth of biomass pellets market. However, the raw materials and the extraction process are expensive. This could restrain the growth of the biomass pellets market over the years.

 

According to the report, the global biomass pellets market accounted for USD 7.65 Billion in 2016 and is expected to reach USD 15.9 Billion by 2022, growing at a CAGR of around 11.0% between 2017 and 2022.

Biomass pellets are biofuels that are made from compressed organic matter or biomass. They can be obtained from five general categories of biomass namely, industrial waste and co-products, food waste, agricultural residues, energy crops, and virgin lumber. Biomass pellets are majorly used as a heating fuel. Low greenhouse gasses emission from biomass, increased government initiatives for renewable technologies, the need for renewable energy supply and massive unexploited biomass potential are the factors driving the global biomass pellets market across the globe. The rapid depletion of fossil fuels and global warming caused by their usage has shifted the global focus from conventional energy to green energy. Several governments across the globe have initiated schemes in the form of incentives, grants, and subsidy to promote and encourage the generation of renewable energy. This is expected to be one of the major growth drivers for biomass pellets market during the forecast period. Although, the high cost of the raw materials and the extraction process is expected to curb the growth of the biomass pellets market.Moreover, preferential tariffs, CDM revenue, Renewable Purchase Obligations and Renewable Energy Certificates for biomass projects are expected to open new avenues of opportunities in the market in the near future.

The biomass pellets can be segmented into categories based on its applications; industrial applications and residential applications. Industrial applications segment accounted for over half of the global revenue and is expected to witness significant gains over the forecast period. Residential applications segment is expected to witness significant growth owing to environmental awareness among the customers and high disposable income which could sway the customers to opt for greener energy options as heating fuel.

Global-Biomass-Pellets-Market

Europe accounted for most of the global market share and is expected to grow in light of low GHG emission from biomass and increased government initiatives for the adoption of renewable technologies. In addition, the increasing price of carbon has made it very expensive to burn coal. This is expected to drive the power producers in the region to move towards biomass production aiding the growth of the Europe biomass pellets market.

Asia Pacific biomass pellets market is expected to witness the greatest growth over the forecast period. The major consumers in this region are China, Japan, and South Korea. The Chinese government put the adoption of biomass fuel development at top priority after enacting the Renewable Energy Law recently.To replace coal burning, China has been producing biomass pellets on a large scale. This is expected to support the growth of the Asian biomass pellets market.

The key players in this industry are Energex Corporation, Forest Energy Corporation, Helius Energy, New England Wood Pellet, Woodstone, Forth Energy, International WoodFuels, and MGT Power among others.

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global biomass pellets market volume and revenue, 2016 – 2022 (Kilo Tons) (USD Million)
    • 2.2. Global biomass pellets market: Snapshot
  • Chapter 3. Biomass pellets Market –Industry Analysis
    • 3.1. Biomass pellets: Market dynamics
    • 3.2. Value chain analysis
    • 3.3. Market drivers
      • 3.3.1. Global biomass pellets market drivers: Impact analysis
      • 3.3.2. Strong demand for sustainable energy
      • 3.3.3. Government initiatives
    • 3.4. Market restraints
      • 3.4.1. Global biomass pellets market restraints: Impact analysis
      • 3.4.2. High cost of raw materials
    • 3.5. Opportunities
      • 3.5.1. Biomass projects
    • 3.6. Porter’s five forces analysis
      • 3.6.1. Bargaining power of suppliers
      • 3.6.2. Bargaining power of buyers
      • 3.6.3. Threat from new entrants
      • 3.6.4. Threat from new substitutes
      • 3.6.5. Degree of competition
    • 3.7. Market attractiveness analysis
      • 3.7.1. Market attractiveness analysis, by application segment
      • 3.7.2. Market attractiveness analysis, by regional segment
  • Chapter 4. Global Biomass pellets Market – Competitive Landscape
    • 4.1. Global biomass pellets market: Company market share, 2016
    • 4.2. Global biomass pellets market: Price trend Analysis
  • Chapter 5. Global Biomass Pellets Market – Application Segment Analysis
    • 5.1. Global biomass pellets market: Product overview
      • 5.1.1. Global biomass pellets market volume share by application, 2016 and 2022
    • 5.2. Industrial applications
      • 5.2.1. Global biomass pellets market for industrial applications, 2016 – 2022 (Kilo Tons) (USD Million)
    • 5.3. Residential applications
      • 5.3.1. Global biomass pellets market for residential applications, 2016 – 2022 (Kilo Tons) (USD Million)
  • Chapter 6. Global Biomass pellets Market – Regional Segment Analysis
    • 6.1. Global biomass pellets market: Regional overview
      • 6.1.1. Global biomass pellets market volume share, by region, 2016 and 2022
    • 6.2. North America
      • 6.2.3. North America biomass pellets market volume, by application, 2016 – 2022 ( Kilo Tons)
      • 6.2.4. North America biomass pellets market revenue, by application, 2016 – 2022 (USD Million)
    • 6.3. Europe
      • 6.3.3. Europe biomass pellets market volume, by application, 2016 – 2022 ( Kilo Tons)
      • 6.3.4. Europe biomass pellets market revenue, by application, 2016 – 2022 (USD Million)
    • 6.4. Asia Pacific
      • 6.4.3. Asia Pacific biomass pellets market volume, by application, 2016 – 2022, ( Kilo Tons)
      • 6.4.4. Asia Pacific biomass pellets market revenue, by application, 2016 – 2022, (USD Million)
    • 6.5. Latin America
      • 6.5.3. Latin America biomass pellets market volume, by application, 2016 – 2022 ( Kilo Tons)
      • 6.5.4. Latin America biomass pellets market revenue, by application, 2016 – 2022 (USD Million)
    • 6.6. Middle-East and Africa
      • 6.6.3. Middle-East and Africa biomass pellets market volume, by application, 2016 – 2022 ( Kilo Tons)
      • 6.6.4. Middle-East and Africa biomass pellets market revenue, by application, 2016 – 2022 (USD Million)
  • Chapter 7. Company Profile
    • 7.1. Energex Corporation
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product portfolio
      • 7.1.4. Business strategy
      • 7.1.5. Recent developments
    • 7.2. Forest Energy Corporation
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product portfolio
      • 7.2.4. Business strategy
      • 7.2.5. Recent developments
    • 7.3. Helius Energy
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product portfolio
      • 7.3.4. Business strategy
      • 7.3.5. Recent developments
    • 7.4. New England Wood Pellet
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product portfolio
      • 7.4.4. Business strategy
      • 7.4.5. Recent developments
    • 7.5. Woodstone
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product portfolio
      • 7.5.4. Business strategy
      • 7.5.5. Recent developments
      • 7.6. Forth Energy
        7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product portfolio
      • 7.6.4. Business strategy
      • 7.6.5. Recent developments
    • 7.7. International WoodFuels
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product portfolio
      • 7.7.4. Business strategy
      • 7.7.5. Recent developments
    • 7.8. MGT Power
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments

List of Figures

FIG. 1 Market Research Process
FIG. 2 Market Research Methodology
FIG. 3 Global Biomass Pellets market, 2016 – 2022, (Kilo Tons) (USD Million)
FIG. 4 Biomass Pellets Market: Value Chain Analysis
FIG. 5 Global biomass pellets market, 2016 – 2022 (USD Million)
FIG. 6 Porter’s five forces analysis
FIG. 7 Market attractiveness analysis by type segment
FIG. 8 Market attractiveness analysis by application segment
FIG. 9 Market attractiveness analysis by regional segment
FIG. 10 Company Market Share Analysis, 2016
FIG. 11 Price Trend Analysis, 2016 – 2022, (USD/Kg)
FIG. 12 Global Biomass Pellets market volume share, by type, 2016 and 2022
FIG. 20 Global Biomass Pellets market volume share, by application, 2016 and 2022
FIG. 21 Global Biomass Pellets market for industrial applications, 2016 – 2022, (Kilo Tons) (USD Million)
FIG. 22 Global Biomass Pellets market for residential applications, 2016 – 2022, (Kilo Tons) (USD Million)


List of Tables

TABLE 1 Market Snapshot
TABLE 2 Drivers For Global Biomass Pellets Market: Impact Analysis
TABLE 3 Restraints For Global Biomass Pellets Market: Impact Analysis
TABLE 4 North America Biomass Pellets market volume by application, 2016 – 2022 (Kilo Tons)
TABLE 5 North America Biomass Pellets market revenue by application, 2016 – 2022 (USD Million)
TABLE 6 Europe  Biomass Pellets market volume by application, 2016 – 2022 (Kilo Tons)
TABLE 7 Europe Biomass Pellets market revenue by application, 2016 – 2022 (USD Million)
TABLE 8 Asia Pacific  Biomass Pellets market volume by application, 2016 – 2022 (Kilo Tons)
TABLE 9 Asia Pacific Biomass Pellets market revenue by application, 2016 – 2022 (USD Million)
TABLE 10 Latin America  Biomass Pellets market volume by application, 2016 – 2022 (Kilo Tons)
TABLE 11 Latin America Biomass Pellets Market Revenue by application, 2016 – 2022 (USD Million)
TABLE 12 Middle East & Africa  Biomass Pellets market volume by application, 2016 – 2022 (Kilo Tons)
TABLE 13 Middle East & Africa Biomass Pellets market revenue by application, 2016 – 2022 (USD Million)

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