Global Biomass Molding Fuel Market Growth 2023-2029

Global Biomass Molding Fuel Market Growth 2023-2029

Biomass molding fuel is made of agricultural and forestry residues such as rice stalk, straw, cotton stalk, bamboo sawdust, wood flour, ramie stalk, peanut husk, etc. It is produced by pellet machines or briquetteing machines, after going through several processing procedures, such as crushing, drying, mixing, molding or compressing, etc. And the final products are pellets and briquettes, which are used as a replacement for coal, gasoline gas and other traditional fossil fuels. Compared to fossil fuels, biomass molding fuel produce low net total greenhouse gas emissions because the materials used are already a part of the carbon cycle.

Biomass pellet fuel is biofuels made from compressed organic matter or biomass. Wood pellets are the most common type of pellet fuel and are generally made from compacted sawdust and related industrial wastes from the milling of lumber, manufacture of wood products and furniture, and construction. Other industrial waste sources include empty fruit bunches, palm kernel shells, coconut shells, and tree tops and branches discarded during logging operations.

Biomass briquettes are mostly used in the developing world, where cooking fuels are not as easily available. There has been a move to the use of briquettes in the developed world, where they are used to heat industrial boilers in order to produce electricity from steam. The briquettes are cofired with coal in order to create the heat supplied to the boiler. Biomass briquettes, mostly made of green waste and other organic materials, are commonly used for electricity generation, heat, and cooking fuel. These compressed compounds contain various organic materials, including rice husk, bagasse, ground nut shells, agricultural waste. The composition of the briquettes varies by area due to the availability of raw materials. The raw materials are gathered and compressed into briquette in order to burn longer and make transportation of the goods easier.

There is the difference between biomass pellet and biomass briquette.

Biomass pellets are usually utilized in home pellet stove, central heating boiler, industrial boiler, or in power plants to replace coal. They can also be used as horse bedding and cat litter. Howerver, biomass briquettes are sticks or blocks with large diameter and different shapes (hexagon, cylinder, cuboid, etc.) made by biomass briquette machines. They are primarily for industrial use for heating. See below for details:

LPI (LP Information)' newest research report, the “Biomass Molding Fuel Industry Forecast” looks at past sales and reviews total world Biomass Molding Fuel sales in 2022, providing a comprehensive analysis by region and market sector of projected Biomass Molding Fuel sales for 2023 through 2029. With Biomass Molding Fuel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biomass Molding Fuel industry.

This Insight Report provides a comprehensive analysis of the global Biomass Molding Fuel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biomass Molding Fuel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biomass Molding Fuel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biomass Molding Fuel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biomass Molding Fuel.

The global Biomass Molding Fuel market size is projected to grow from US$ 9145.4 million in 2022 to US$ 11660 million in 2029; it is expected to grow at a CAGR of 11660 from 2023 to 2029.

The top five manufacters of Biomass Briquette Fuel are German Pellets, Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation and Vyborgskaya Cellulose, with about 20% market shares. Europe is the largest consumption place, with a consumption market share nearly 49%. Following Europe, North America is the second largest consumption place with the consumption market share of 32%.

This report presents a comprehensive overview, market shares, and growth opportunities of Biomass Molding Fuel market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Granular
Block

Segmentation by application
Industrial and agricultural production
Power generation
Heating
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Enviva
Georgia Biomass
Fram Renewable
New England Wood Pellets
Billington Bioenergy
Canadian Biofuel
Pacific BioEnergy
Pinnacle Renewable Energy Group
VIRIDIS ENERGY
Eagle Valley ABM
EC Biomass
Huisheng Energy Group
Devotion Corporation
Shengchang Bioenergy
Sinopeak
Mingke
Senon Renewable Energy
Suji Energy-saving Technology
Zhurong Biology
Sanmu Energy Development
Tianhe Jiakang
Aoke Ruifeng

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biomass Molding Fuel market?

What factors are driving Biomass Molding Fuel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biomass Molding Fuel market opportunities vary by end market size?

How does Biomass Molding Fuel break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.