Global Industrial Wood Pellet Market: Size, Trends & Forecasts (2019-2022 Edition)
The report provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on Markets and materials, capacities and technologies, and on the changing structure of the Industrial Wood Pellet.
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Top Leading Companies of Global Industrial Wood Pellet Market are Enviva Partners, Graanul Invest Group, Pinnacle Renewable Holdings Inc., Drax Group (Drax Biomass) and others.
The leading players of Industrial Wood Pellet industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Industrial Wood Pellet players will help the industry aspirants in planning their strategies. The statistics offered in this report will be precise and useful guide to shape the business growth.
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The continuous depletion of renewable sources such as coal, crude oil etc. arise the demand for a substitute source of energy. Biomass is one of the few renewable sources of energy which support the other intermittent renewable energy alternatives. Wood pellet is one such example of biomass fuel. Such fuel is clean-burning, renewable and cost-efficient as compared to other renewable sources of energy. Raw materials used in the production of wood pellets are sawdust, shaving and chips which are then compacted into tiny pellets. On the basis of use, wood pellets are categorized into two segments namely commercial/residential and industrial wood pellets.
Industrial wood pellets are mainly used in power plants for generation of heat and electricity. They can also be used in combined power and heating plants and even on smaller heating plants. Pellets can be used at the whole power plants or on 1-2 boilers only in big power station. Power plants which run on wood pellets need them all over the year.
The global industrial wood pellet market has shown tremendous growth over the past few years and projections are made that the market would grow at a rapid pace over the forecasted period i.e. 2018 to 2022. Rising fossil fuel prices, growing environmental concern, supporting government policies, low cost of production, technological advancements are some of the key factors that would positively influence the market in the coming years. However, the market is restrained by some challenges such as inability to fulfill certification criteria and gradual reduction in sawmill residue.
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