A comprehensive data and information provided in the credible Wood Pellet report can be utilized by Chemical and Materials industry to be acquainted with the present and upcoming opportunities and clarify the future investment in the market. With the study of competitor analysis, Chemical and Materials industry can get knowhow of the strategies of key players in the market that includes but are not limited to new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. This market research report helps in growing sales with new thinking, new skills, and innovative programs and tools. Wood Pellet report will act as a sure shot solution to the challenges and problems faced by Chemical and Materials industry.
An increase in the popularity of wood pellets as an energy carrier has a propositional impact on the growth and adoption of wood pellets. Also, a rise in the demand for sustainable fuel across the globe is expected to drive market growth. Data Bridge Market Research analyzes that the global wood pellet market will grow at a CAGR of 6.2% during the forecast period of 2023 to 2030.
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Market Overview:
Wood pellets are compressed wood particles made primarily from wood waste and agricultural waste such as straw. When compared to unprocessed biomass, they are dense, have low moisture and ash content, and have a high energy content. Apart from that, wood pallets find widespread use in the residential and commercial sectors for cooking, grilling, and supplying heat due to their low cost and low maintenance. They are also used in large-scale biomass supply chains to help reduce costs in biomass storage, handling, and transportation.
Global Wood Pellet Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
DRIVERS
The Rise in Demand for Sustainable Fuel Across the Globe
Sustainable fuels are produced from renewable or alternative feedstock, such as plants, vegetables, or industrial wastes. They include biofuels such as Hydrotreated Vegetable Oil (HVO), bioethanol, and synthetic fuels (synfuels) such as ammonia or methanol. Such fuels will help reach ambitious decarbonization targets and are projected to be higher than alternatives in the long term, using 100% renewable diesel.
Some of the major players operating in the global wood pellet market are AVPGroup, Drax Group plc, Energex, Enviva Inc., Erdenwerk Gregor Ziegler GmbH, German Pellets, Graanul Invest, Holzwerke Weinzierl GmbH, Land Energy, Lignetics, Mallard Creek Inc, Midland Bio Energy, Nugreen Energy, Royal Wood Shavings, RZ Pellets GmbH, Schwaiger Holzindustrie GmbH Co. KG, Sinclar Group Forest Products, TANAC, Valfei Products Inc., and Wilhelm Hoyer GmbH Co. KG among others.
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