Global Bio-coal Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bio-coal Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Bio-coal market finds that the global Bio-coal market reached a value of USD 3030.48 million in 2022. It’s expected that the market will achieve USD 4804.65 million by 2028, exhibiting a CAGR of 7.98% during the forecast period.

Bio-coal is an environmentally friendly new energy

Traditional energy petroleum and coal are non-renewable, and their production costs are high. The use of their derivative products has caused serious pollution to the environment in which humans live. Therefore, under the dual pressure of energy resource shortage and environmental pollution, the development and utilization of renewable and more environmentally friendly new energy has become a pursuit of people.

Since the raw materials of Bio-coal coal are woody and herbaceous plants, the carbon in Bio-coal is comes from carbon dioxide in the air, which is solidified in the biomass through photosynthesis, and the biomass coal produces the same amount of carbon dioxide during the combustion process discharge into the air, that is, the entire life cycle of the biomass growth and combustion process, achieving zero carbon dioxide emissions.

Collection and transportation costs

The cost of collecting and transporting biomass residues is a key factor that affects the overall economic performance of using biomass residues. Collection and transportation costs may increase the cost of bio-coal, which is not conducive to the development of the industry. In this regard, optimizing biomass collection, storage and transportation systems, build factories as close as possible to the origin of raw materials，as well as national financial compensation are effective means to stimulate the entire market.

Region Overview:

In 2021, the share of the Bio-coal market in America stood at 36.9%.

Company Overview:

Enviva is one of the major players operating in the Bio-coal market, holding a share of 29.15% in 2020.

Enviva

Enviva is a leading global energy company specializing in sustainable wood bioenergy. Enviva is the world’s largest producer of sustainable wood pellets, which provide a low-carbon alternative to fossil fuels.

Pinnacle Renewable Energy

Pinnacle Renewable Energy is one of the world’s leading manufacturers and distributors of industrial wood pellets, which are used by large-scale thermal power generators as a greener alternative to produce reliable baseload renewable power.

Segmentation Overview:

Among different product types, Solid Cylindrical Type segment is anticipated to contribute the largest market share in 2027.

Application Overview:

The market's largest segment by application is the segment Power Generation, with a market share of 37.9% in 2021.

Key Companies in the global Bio-coal market covered in Chapter 3:

EcoBlaze
Wood Energo
Pinnacle Renewable Energy
Norfolk Oak
VIGIDAS PACK
BALT WOOD
BIOMAC sro
Green Biocoal
BMK Woods
BIOGRA
Zhengzhou Xindi
Airex Energy
Enviva
Lignetics

In Chapter 4 and Chapter 14.2, on the basis of types, the Bio-coal market from 2018 to 2029 is primarily split into:

Solid Cylindrical Type
RUF Type
Pini-Kay Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bio-coal market from 2018 to 2029 covers:

Power Generation
Metallurgic Industry
Residential and Commercial Heating
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)