Biomass Solid Fuel Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00130176
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  • Number of Pages: 250
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Market Snapshot

CAGR:8.75
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 8.75
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Biomass Solid Fuel Market Analysis By Application (Energy Production, Heat Generation, Biofuels), By Type (Wood, Agricultural Residues, Biomass Pellets), and By Region Forecast to 2032:

The Biomass Solid Fuel Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing focus on renewable energy sources, advancements in biomass conversion technologies, and the growing demand for sustainable and eco-friendly fuel options. Biomass solid fuel refers to organic materials used for energy generation and heat production.

Biomass Solid Fuel Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Biomass Solid Fuel Market is the rising awareness of the environmental impact of conventional fossil fuels. Biomass solid fuels, derived from renewable sources such as wood, agricultural residues, and biomass pellets, are considered environmentally friendly alternatives. Governments and industries are increasingly adopting these fuels to reduce carbon emissions and meet sustainability goals.

Furthermore, the versatility of biomass solid fuels, which can be used for energy production, heat generation, and biofuels, drives market growth. Their adaptability across various applications makes them a valuable resource in the transition towards cleaner and greener energy solutions.

Trends:

An emerging trend in the Biomass Solid Fuel Market is the development of advanced biomass conversion technologies. Innovations in gasification, pyrolysis, and torrefaction processes enhance the energy efficiency and quality of biomass solid fuels. These technologies make biomass more suitable for a wide range of applications, including electricity generation and transportation fuels.

Additionally, the production and utilization of biomass pellets as a convenient and efficient biomass solid fuel type are on the rise. Biomass pellets offer consistent quality, low moisture content, and ease of handling, making them an attractive option for residential and industrial heating.

Restraints:

One of the key challenges hindering the growth of the Biomass Solid Fuel Market is the competition for biomass feedstock. Biomass solid fuels rely on organic materials, and the sustainable sourcing of these feedstocks can be limited by factors such as land availability and land-use conflicts. Ensuring a steady and environmentally responsible supply of biomass feedstock is essential for market expansion.

Furthermore, biomass solid fuel production and logistics can be cost-intensive, affecting the overall cost competitiveness of these fuels compared to traditional fossil fuels. Addressing these cost-related challenges is crucial to promoting wider adoption.

Biomass Solid Fuel Market Segmentation By Application:

  • Energy Production: Biomass solid fuels are used in power plants and industrial facilities for electricity generation, reducing reliance on fossil fuels.
  • Heat Generation: Biomass solid fuels are employed for residential, commercial, and industrial heating purposes, providing sustainable and cost-effective heat sources.
  • Biofuels: Biomass solid fuels can be converted into biofuels such as biodiesel and bioethanol for transportation and as an alternative to conventional fossil fuels.

Biomass Solid Fuel Market Segmentation By Type:

  • Wood: Wood-based biomass solid fuels, including wood chips and logs, are widely used for both energy production and heating.
  • Agricultural Residues: Biomass solid fuels derived from agricultural residues such as crop residues and straw are valuable feedstock sources.
  • Biomass Pellets: Biomass pellets, typically made from compressed sawdust, agricultural residues, and other biomass sources, offer high energy density and ease of handling.

Regional Overview:


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  • North America is expected to be a key contributor to the global Biomass Solid Fuel Market, with a growing emphasis on renewable energy sources and sustainable practices.
  • Europe leads in biomass solid fuel adoption due to favorable policies, incentives, and a strong commitment to reducing greenhouse gas emissions.

Biomass Solid Fuel Market Customer Landscape:

The Biomass Solid Fuel Market report assesses customer segments, including power plants, residential consumers, industrial users, and transportation companies. Understanding their specific requirements and sustainability goals is essential for market players to tailor their offerings.

Major Biomass Solid Fuel Market Companies:

Companies in the biomass solid fuel market focus on feedstock supply, processing technologies, and distribution networks to meet diverse market demands.

Example companies include:

  • EnviroWood: EnviroWood specializes in wood-based biomass solid fuels, offering a range of products for energy production and heating.
  • BioPellet Ltd.: BioPellet Ltd. is a leading producer of biomass pellets, supplying high-quality pellets for residential and industrial heating.
  • GreenEnergy Biofuels: GreenEnergy Biofuels focuses on the production of biofuels from biomass solid fuels, contributing to the renewable transportation fuel sector.

The competitive landscape analysis in the report provides insights into key market players, including:

  • Drax Group plc
  • Pinnacle Renewable Energy Inc.
  • Enviva Partners LP
  • Wood Pellet Energy (UK) Ltd.
  • Viridis Energy Inc.
  • Pacific BioEnergy Corporation
  • German Pellets GmbH
  • Energex
  • AgroPellets
  • Balcas Ltd.

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their market presence and technological capabilities.

Segment Overview:

The Biomass Solid Fuel Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Energy Production
    • Heat Generation
    • Biofuels
  • Type Outlook (USD Million, 2019 - 2032):
    • Wood
    • Agricultural Residues
    • Biomass Pellets
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • Middle East & Africa
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

TABLE OF CONTENTS: GLOBAL Biomass Solid Fuel MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Biomass Solid Fuel MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Biomass Solid Fuel Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Biomass Solid Fuel MARKET BY Source INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Wood Pellets

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Crop Residue

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Energy Crops

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.5. Municipal Solid Waste

    5.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Biomass Solid Fuel MARKET BY End use INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Industrial

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Institutional

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Domestic

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Biomass Solid Fuel MARKET REGIONAL OUTLOOK

7.1. Biomass Solid Fuel Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Biomass Solid Fuel Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Biomass Solid Fuel Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Biomass Solid Fuel Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Biomass Solid Fuel Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Biomass Solid Fuel Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Svenska Cellulosa Aktiebolaget SCA

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. BTG Biomass Technology Group

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. Eni S.p.A.

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. Fulcrum BioEnergy

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. SOCOTEC Group

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Drax Biomass Inc

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. Aggregated Micro Power Holdings plc

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. PVM Environmental Products

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. VGrid Energy Systems

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. Vattenfall AB

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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