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Analysis of wood pellet market in other countries in 2020

Date: 07/08/2020 08:36:38 From: wood-pellet-plant.com Clicks:

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Wood pellet can be defined as biofuel made from compressed organic matter or biomass. Wood pellets can be burned with high combustion efficiency. Wood pellets are usually made from clean conifer sawdust and planer shavings. The wood must have been debarked prior to passing through the sawmill. Dry sawdust and shavings (less than 15% moisture content) are used, because then, the drying step can be skipped. Let me introduce you Analysis of wood pellet market in other countries in 2020.

wood pellet market in other countries in 2020
wood pellet market in other countries in 2020

The global wood pellet market has been estimated to be valued at US$ 9,204.9 Mn by 2017 end, and is expected to expand at an 8.7% CAGR over the forecast period of 2017 to 2027. Amongst all the regions, Western Europe is anticipated to account for a significant value share in the global wood pellet market by 2017 end, followed by North America with a 7.8% value share. Western Europe is anticipated to exhibit a higher incremental value during the forecast period as compared to other regions. Asia Pacific excluding Japan is projected to register a CAGR of 9.9% over the forecast period, to account for an 8.7% value share by 2027 end. The Middle East and Africa is expected to account for a 0.7% value share in the global wood pellet market by 2017 end. The market in MEA is expected to register a CAGR of 7.4% over the forecast period.

Wood Pellet Raw Material Type Analysis

On the basis of feedstock type, the market is categorised into forest & wood waste, agricultural residue, and others. Globally, the forest & wood waste segment is estimated to account for a prominent market share of 56.1% by 2017 end. Agriculture residue & waste is efficient, and due to this, the segment’s market share is expected to gain 193 basis points over the forecast period. Based on application, the market has been segmented into free-standing stoves, pellet stove inserts, and pellet boilers. With energy and climate change, the pellet boilers segment is expected to expand at a decent CAGR of 9.9% over the forecast period. Based on end use, the market has been segmented into industrial pellets for CHP, industrial pellets for co-firing. Globally, large corporates import wood pellets as per the requirements. With the growing use of industrial pellets for CHP, this end use segment is expected to expand at a decent CAGR of 10.3% over the forecast period.

Regional Analysis Of Wood Particles

The global wood pellet market has been segmented into seven major regions, namely, North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA). Globally, in terms of revenue, the Asia Pacific Exc. Japan wood pellet market is estimated to account for US$ 713 by 2017 end, and is projected to expand at a CAGR of 9.9% over the forecast period. This can be attributed to the growing demand for wood pellets, rapid growth of exports in the region, and a wide presence of companies like Pinnacle Renewable Energy, which is also enabling the expanding the reach of wood pellets. The Middle East and Africa wood pellet market is expected to increase 2.03X between 2017 and 2027.

Which Countries Have Increasing Demand For Wood Pellets?

Increasing Consumption of Wood Pellets in North America Fuelling Market Growth

Wood pellets are manufactured from renewable forest by-products, sawdust, and agriculture waste materials. Wood pellets are fast becoming popular in North America, owing to the increasing prices of primary fuel. The demand for wood pellets in North America as a bio-mass fuel is increasing significantly, attributed to the high demand for industrial as well as commercial purposes. Rising prices of fossil fuels, including natural gas and fuel oil, is one of the major driving factors for wood pellet heating. Concerns about climate change in North America are also stimulating the growth of the wood pellet market in the region.

Energy and Climate Change Issues in Western Europe Driving the Growth of the Global Market

Increasing carbon emissions is a major driving force for the wood pellet market in the Western European region. There is high demand for wood pellets in this region to reduce carbon emissions and raise the contribution of total renewable energy consumption. The use of co-firing and dedicated biomass power plants is a part of the compliance plan, which helps drive the wood pellet market in this region.

Which countries have increasing demand for wood pellets?

Growing Demand of Wood Pellets for Electricity Generation in Latin America

The production capacity of wood pellets in Chile is growing rapidly, owing to low manufacturing costs. Brazil as well as Argentina are two of the largest producers of wood pellets made of industrial round wood and sawdust. The rapid rate of production of wood pellets across the Latin American region is one of the major driving factors of the global wood pellet market. Large amounts of wood pellets are being used to produce electricity in this region. For instance, annually Chile alone produces approximately 16 Mn cubic meters of firewood and more than 40 Mn cubic meters of industrial round wood.

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