Connect with us

Hi, what are you looking for?

Wood Pellets Market Size (2022-2031) by Trends, Share, Growth, Company Profiles: Enviva Partners LP, Pinnacle Renewable Energy Inc., Wood Pellet Energy (UK) LTD, Andritz AG, Energex

The global wood pellets market is anticipated to grow steadily at 11% CAGR between 2021 and 2031. Rising concerns about environmental protection from pollution generated by fossil fuel and government incentives for adoption of sustainable alternatives are driving wood pellets market.

Wood pellets are renewable energy sources which are derived from sawdust, wood shaving, and wood dry chips. Agricultural wood and wood waste are major sources of wood pellets due to their ease of availability and lower production cost. Increasing applications of alternative fuels compared to traditional sources will create opportunities for wood pellets market sales.

Moreover, high price point of fossil fuel is accentuating the demand for pellet-based fuel sourced primarily from wood waste, agricultural residue and forest waste. Leading manufacturers are focused on implementing compliance plans, which include dedicated biomass power plants and co-firing.

The level of demand declined to the extreme level due to lockdown creating hurdles for the key players operating in this Wood Pellets Market. However as recovery commences in 2021, major players are recuperating their positions through production expansion, capacity utilization, and online selling in 2021 keeping in view the covid-19 norms.

For Critical Insights, Request for [email protected] https://www.futuremarketinsights.com/reports/sample/rep-gb-11094

Product and Cost Differentiation to Remain Strategic Focal Point for Market Leaders

Global wood pellets market is highly fragmented.  Major players profiled in this study include, but are not limited to, Georgia Biomass, LLC, Enviva Partners LP, Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Pinnacle Renewable Energy Inc. In a bid to remain prominent, industry leaders are channelling their resources towards product and cost differentiation.

Particle density, melting point, mechanical durability, moisture and ash content continue to remain key research areas in wood pellets industry. Moreover, companies are intensifying their efforts towards developing cleaner burning fuel, as opposed to fossil fuels.

Key Takeaways of Wood Pellets Market Study

  • Growing adoption of renewable energy continues to drive the sales of wood pellets.
  • High combustion efficiency is the chief attribute surging the demand for wood pellets.
  • Enhanced government incentive and favourable policies contribute substantially to the growth of wood pellets market.
  • Europe holds a whopping 51.4% share in global wood pellets market.
  • Asia Pacific to exhibit significant growth over the course of forecast period.
  • Respiratory problems triggered by wood dust is stagnating the demand of wood pellets.

Stakeholders in wood pellets market must direct massive pecuniary resources towards R&D activities for product diversification, along with capacity expansion initiatives to fortify competitive ascendancy.

Get Customization on This Report for Specific [email protected] https://www.futuremarketinsights.com/customization-available/rep-gb-11094

Market Gains to Remain Concentrated in Europe

Europe is the leading regional market of wood pellets, in terms of consumption. Strong active presence of globally leading manufacturers in this region is giving impetus to production capacity as well. Timber and dry sawdust are predominantly preferred by manufacturers for wood pellets production.

On account of low carbon emissions, pellet-based fuel continues to gain prominence in countries such as the United Kingdom, Germany, Italy and France. Low production cost, mounting environmental concerns, and easy availability are some of the factors contributing to the growth of wood pellets market. Moreover, innovations in combustion technology and established logistics network are bolstering the wood pellets market in Europe.

Wood Pellets Market: Segmentation

The global wood pellets market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Feedstock

  • Forest and Wood Waste Resources
  • Agricultural Residue and Waste
  • Food Waste
  • Virgin Lumber
  • Energy Crops

By End-use Industry

  • Residential/Commercial Heating
  • CHP/District Heating
  • Co-firing

Ask Us Your Questions About This [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-11094

Table Of Content

1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

1.3. List of Data Sources

2. Executive Summary

2.1. Market snapshot

3. Wood Pellets Market Dynamics

4. Wood Pellets: Trend Analysis & Application Assessment

5. Wood Pellets: Regional Estimates & Trend Analysis

continued…!

Key Questions Covered in the Report

How will the wood pellets market expand through 2031?
Which top manufacturing companies are leading the global wood pellets market?
What are the key drivers and trends that will stimulate the wood pellets market?
What are the challenges that will affect the sales of wood pellets sales?
Which region will remain the most lucrative throughout the forecast period?

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Flame Proof Lighting Market: The major factors driving the growth of flame proof lighting market are rising growth of lightning industry, increasing en-user application across numerous sector, increasing urbanization, and rising disposable income.

Ceramic Insulator Market: The ceramic insulator market offers a product line, which is significantly useful in electrical insulation and high temperature and high voltage work environments worldwide.

Aerographite Market: The growing use of lightweight material in automotive industry and increasing demand for environment friendly materials are spurring the demand for aerographite market.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedInTwitterBlogs

The post Wood Pellets Market Size (2022-2031) by Trends, Share, Growth, Company Profiles: Enviva Partners LP, Pinnacle Renewable Energy Inc., Wood Pellet Energy (UK) LTD, Andritz AG, Energex appeared first on Future Market Insights.

You may also like:

World

A major UN conference on how to restore the faltering health of global oceans kicked off in Lisbon this week with a flurry of...

World

Russia vowed its assault on Ukraine would continue until Kyiv surrenders, as world leaders warned that Moscow would pay for its aggression.

World

Footage on state TV showed a large cylinder plunging from a crane on a moored vessel, causing a violent explosion of yellow gas in...

World

The role of battlefield drones in Ukraine is diminishing - Copyright AFP Wakil KOHSARDidier LAURASThe Ukrainian army’s astute use of drones has been a...