Global Briquette Market Growth 2023-2029

Global Briquette Market Growth 2023-2029

Briquette 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.
According to the international ISO 17225 STANDARD, solid biofuels, fuel specifications and classes, a briquette is a “densified biofuel made with or without additives, having a cubic, prismatic or cylindrical shape, with a 25 mm diameter, produced from woody biomass compression or crushed herb.”
LPI (LP Information)' newest research report, the “Briquette Industry Forecast” looks at past sales and reviews total world Briquette sales in 2022, providing a comprehensive analysis by region and market sector of projected Briquette sales for 2023 through 2029. With Briquette sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Briquette industry.
This Insight Report provides a comprehensive analysis of the global Briquette 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 Briquette portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Briquette market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Briquette 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 Briquette.
The global Briquette market size is projected to grow from US$ 968.3 million in 2022 to US$ 1658.1 million in 2029; it is expected to grow at a CAGR of 1658.1 from 2023 to 2029.
As the technology of Briquette is relatively mature and the downstream market, thus there are lots of enterprises in the Briquette market. The Briquette market competition will be still intense. BIOMAC is the leading manufacturer in the global Briquette market with the market share of 2%, in terms of revenue, followed by BMK Woods, BIOGRA, Biomass-wood, VIGIDAS PACK, Wood Energo, BALT WOOD, Green Biocoal, SGFE, Chardust, Global Woods Group, Košćal, Well Seasoned Wood, Lignetics, Real Tech Engineering, Zhengzhou Xindi, Norfolk Oak, Brennholzlieferant and EcoBlaze. These leading 8 companies accounted for nearly 17% of the market share.
Briquette industry is relatively concentrated, production along with consumption are mainly concentrated in developed region, including Europe and North America, while APAC region is growing at the highest CAGR recent years.Europe is forecasted to accounted for more than 49% of market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Briquette market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Solid Cylindrical Type
RUF Type
Pini-Kay Type
Segmentation by application
Power Generation
Residential and Commercial Heating
Others
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.
BIOMAC
BMK Woods
BIOGRA
Biomass-wood
VIGIDAS PACK
Wood Energo
BALT WOOD
Green Biocoal
SGFE
Chardust
Global Woods Group
Košćal
Well Seasoned Wood
Lignetics
Real Tech Engineering
Zhengzhou Xindi
Norfolk Oak
Brennholzlieferant
EcoBlaze
Key Questions Addressed in this Report
What is the 10-year outlook for the global Briquette market?
What factors are driving Briquette market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Briquette market opportunities vary by end market size?
How does Briquette 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.