Market Overview:
The global pellet fuel market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of XX%. The growth of the market can be attributed to the increasing demand for renewable energy sources and the growing awareness about environment-friendly fuels. Based on type, the industrial waste and co-products segment is expected to account for the largest share of the global pellet fuel market in 2018. This segment is projected to grow at a CAGR of XX% from 2018 to 2030. The food waste segment is projected to grow at a CAGR of XX% from 2018to 2030.
Product Definition:
Pellet fuel is a biofuel made from compressed wood pellets. It is a type of biomass energy that can be used to produce heat or electricity. Pellet fuels are typically made from sawdust, wood chips, or other waste materials from the forestry industry.
Industrial Waste and Co-Products:
Industrial waste and co-products are the by-products obtained during the manufacturing process of various industrial products. These materials are either used directly or processed further to obtain energy from them. Industrial waste is any material that is generated as a by-product during industrial production, it includes metal slag, woody biomass, glass particles and ceramics among others. Co-Products are materials such as bagasse, corn cobs ash etc.
Food Waste:
Food waste is edible food, which is discarded or lost during production of crops and livestock. It includes parts of fruits and vegetables (such as skins, cores, seeds), meat & fish bones or any other animal byproducts. Food waste can be agricultural wastage from fields (such as crop residues) or industrial wastage from processing units/food industries.
Application Insights:
The thermal energy segment accounted for the largest revenue share of over 50.0% in 2017 and is projected to witness significant growth during the forecast period. Increasing demand for pellet fuels from various industries including steel, cement, iron and power generation is expected to drive the market growth over the coming years.
Feedstock application segment was valued at USD 1.5 billion in 2017 owing to rising use of agricultural residues as a feedstock for biofuel production which has resulted in increased cultivation of sugarcane and corn across various regions worldwide.
Regional Analysis:
Europe was the largest market for pellet fuel accounting for a share of more than 35.0% in 2017 owing to large-scale production and consumption in several countries, such as Germany, U.K., Russia, France and others. The region is expected to dominate the industry over the forecast period due to increasing demand from residential sector coupled with stringent regulations on carbon emissions by various governments across Europe.
Asia Pacific is projected to be one of the fastest-growing regional markets at a CAGR of XX% from 2018 to 2030 owing high growth rate in China and India along with other Southeast Asian countries due their rapid industrialization.
Growth Factors:
- Increasing demand for biomass pellets as a renewable energy source
- Growing popularity of pellet stoves and boilers for residential heating
- Proliferation of small-scale pellet production facilities, especially in North America and Europe
- Rising prices for traditional fuels such as natural gas and heating oil
- Government incentives and subsidies for the use of biomass pellets
Scope Of The Report
Report Attributes
Report Details
Report Title
Pellet Fuel Market Research Report
By Type
Industrial Waste and Co-Products, Food Waste, Agricultural Residues, Energy Crops, Virgin Lumber
By Application
Thermal Energy(Heat), Feedstock(Biofuels), Power Generation, Direct, Cofiring
By Companies
German Pellets, Enviva, Pinnacle, Vyborgskaya Cellulose, Rentech, RWE Innogy, Graanul Invest Group, Green Circle Bio Energy, Zilkha Biomass Energy, International WoodFuels, German Pellets, BlueFire Renewables, Pacific BioEnergy, Protocol Energy, Pfeifer Group, Biomass Secure Power, Viridis Energy, Westervelt, New Biomass Holding, Energex, Lignetics, Equustock, Fram Renewable Fuels, Bear Mountain Forest Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Pellet Fuel Market Report Segments:
The global Pellet Fuel market is segmented on the basis of:
Types
Industrial Waste and Co-Products, Food Waste, Agricultural Residues, Energy Crops, Virgin Lumber
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Thermal Energy(Heat), Feedstock(Biofuels), Power Generation, Direct, Cofiring
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- German Pellets
- Enviva
- Pinnacle
- Vyborgskaya Cellulose
- Rentech
- RWE Innogy
- Graanul Invest Group
- Green Circle Bio Energy
- Zilkha Biomass Energy
- International WoodFuels
- German Pellets
- BlueFire Renewables
- Pacific BioEnergy
- Protocol Energy
- Pfeifer Group
- Biomass Secure Power
- Viridis Energy
- Westervelt
- New Biomass Holding
- Energex
- Lignetics
- Equustock
- Fram Renewable Fuels
- Bear Mountain Forest Products
Highlights of The Pellet Fuel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Waste and Co-Products
- Food Waste
- Agricultural Residues
- Energy Crops
- Virgin Lumber
- By Application:
- Thermal Energy(Heat)
- Feedstock(Biofuels)
- Power Generation
- Direct
- Cofiring
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pellet Fuel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pellet fuel is a type of fuel that is made up of small pieces of wood, coal, or other combustible material that are burned to create heat and energy. Pellet fuels are popular because they are environmentally friendly and efficient.
Some of the major players in the pellet fuel market are German Pellets, Enviva, Pinnacle, Vyborgskaya Cellulose, Rentech, RWE Innogy, Graanul Invest Group, Green Circle Bio Energy, Zilkha Biomass Energy, International WoodFuels, German Pellets, BlueFire Renewables, Pacific BioEnergy, Protocol Energy, Pfeifer Group, Biomass Secure Power, Viridis Energy, Westervelt, New Biomass Holding, Energex, Lignetics, Equustock, Fram Renewable Fuels, Bear Mountain Forest Products.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pellet Fuel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pellet Fuel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pellet Fuel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pellet Fuel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pellet Fuel Market Size & Forecast, 2020-2028
4.5.1 Pellet Fuel Market Size and Y-o-Y Growth
4.5.2 Pellet Fuel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Industrial Waste and Co-Products
5.2.2 Food Waste
5.2.3 Agricultural Residues
5.2.4 Energy Crops
5.2.5 Virgin Lumber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Thermal Energy(Heat)
6.2.2 Feedstock(Biofuels)
6.2.3 Power Generation
6.2.4 Direct
6.2.5 Cofiring
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pellet Fuel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pellet Fuel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Industrial Waste and Co-Products
9.6.2 Food Waste
9.6.3 Agricultural Residues
9.6.4 Energy Crops
9.6.5 Virgin Lumber
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Thermal Energy(Heat)
9.10.2 Feedstock(Biofuels)
9.10.3 Power Generation
9.10.4 Direct
9.10.5 Cofiring
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Industrial Waste and Co-Products
10.6.2 Food Waste
10.6.3 Agricultural Residues
10.6.4 Energy Crops
10.6.5 Virgin Lumber
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Thermal Energy(Heat)
10.10.2 Feedstock(Biofuels)
10.10.3 Power Generation
10.10.4 Direct
10.10.5 Cofiring
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Industrial Waste and Co-Products
11.6.2 Food Waste
11.6.3 Agricultural Residues
11.6.4 Energy Crops
11.6.5 Virgin Lumber
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Thermal Energy(Heat)
11.10.2 Feedstock(Biofuels)
11.10.3 Power Generation
11.10.4 Direct
11.10.5 Cofiring
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Industrial Waste and Co-Products
12.6.2 Food Waste
12.6.3 Agricultural Residues
12.6.4 Energy Crops
12.6.5 Virgin Lumber
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Thermal Energy(Heat)
12.10.2 Feedstock(Biofuels)
12.10.3 Power Generation
12.10.4 Direct
12.10.5 Cofiring
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Industrial Waste and Co-Products
13.6.2 Food Waste
13.6.3 Agricultural Residues
13.6.4 Energy Crops
13.6.5 Virgin Lumber
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Thermal Energy(Heat)
13.10.2 Feedstock(Biofuels)
13.10.3 Power Generation
13.10.4 Direct
13.10.5 Cofiring
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pellet Fuel Market: Competitive Dashboard
14.2 Global Pellet Fuel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 German Pellets
14.3.2 Enviva
14.3.3 Pinnacle
14.3.4 Vyborgskaya Cellulose
14.3.5 Rentech
14.3.6 RWE Innogy
14.3.7 Graanul Invest Group
14.3.8 Green Circle Bio Energy
14.3.9 Zilkha Biomass Energy
14.3.10 International WoodFuels
14.3.11 German Pellets
14.3.12 BlueFire Renewables
14.3.13 Pacific BioEnergy
14.3.14 Protocol Energy
14.3.15 Pfeifer Group
14.3.16 Biomass Secure Power
14.3.17 Viridis Energy
14.3.18 Westervelt
14.3.19 New Biomass Holding
14.3.20 Energex
14.3.21 Lignetics
14.3.22 Equustock
14.3.23 Fram Renewable Fuels
14.3.24 Bear Mountain Forest Products
