[English Market Research Report] Global Market for Industrial Wood Pellets
Product ID: 1473900 Publisher: SkyQuest
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The global market size for industrial wood pellets was valued at 8.68 billion USD in 2022 and is expected to grow from 9.16 billion USD in 2023 to 14.05 billion USD by 2031, with a projected CAGR of 5.50% during the forecast period (2024-2031). Wood pellets are primarily made from compressed sawdust and are derived from products related to industries such as wood product manufacturing, lumber, and furniture manufacturing, making them a major form of pellet fuel. The World Bioenergy Association points out that due to their high energy density and low moisture content, they have the potential to replace coal in power plants. Industrial wood pellets, widely used in dedicated biomass energy plants and combined heat and power facilities, offer an efficient, portable, and reliable low-carbon combustion option. Furthermore, the increasing environmental awareness and demand for clean energy, along with government initiatives advocating for the adoption of biofuels, are expected to promote the expansion of the industrial wood pellet market in the near term.
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Publication Date: April 27, 2024 Publisher: SkyQuest Page Information: English 178 Pages Table of Contents Executive Summary Research Methodology Analysis of Parent Market Key Market Insights Market Dynamics and Outlook Global Market for Industrial Wood Pellets: By Raw Material Global Market for Industrial Wood Pellets: By Application Global Market Size for Industrial Wood Pellets: By Region Competitive Landscape Key Company Profiles *The table of contents and prices for this report are as of the time of publication. For the latest information, please contact us.*
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