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Wood Pellets Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 169 Pages
SKU # FOB19185519

Description

Wood Pellets Market



Growth Factors of Wood Pellets Market

The wood pellets market size was valued at USD 18.09 billion in 2023, and the market is now projected to grow from USD 19.48 billion in 2024 to USD 32.88 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period of 2024-2032.

Wood pellets saw an usurps in their demand during the COVID-19 times and the demand for it has surpassed the pre COVID-19 levels globally. However, during the period of the study many manufacturers of pellet had to close operations due to lockdown measures. Some measures were undertaken in pursuit of operational performance strategies, with special emphasis on the integration of VPP solutions. The wood pellet market was also affected by the pandemic as well as the entire sustainable energy industry around the world.

Wood pellets, which are derived from sawdust in the forests and leftover crops and have become popular all over the world because primary fuel costs have been increasing. This is because they are commercial and easily available and hence their high demand as biomass fuel especially for industrial use. This makes them a suitable fuel for the industrial use due to their easiness in combustion and preparing to fulfill this need.

The increased generation capacity demands are owed to the rising population, increased industrialization and development of new structures that require the use of electricity. Due to the high certifications on CO2 emissions, there is a trend towards use of bio energy electricity, the sun and wind among others.

Comprehensive Analysis of Wood Pellets Market

The wood pellets market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by feedstock analysis, by application analysis and by end-user analysis. By feedstock analysis incudes agricultural waste, forest waste, and others. By application analysis incudes heating, Combined Heat & Power (CHP), and power generation. by end-user analysis incudes residential, commercial, and industrial.

The Europe region lead the wood pellets market share by benefitting a market size of USD 10.60 billion in 2023 due to the strong focus on renewable energy and stringent environmental regulations aimed at reducing carbon emissions.

Top players in the market have their responsibility of power & energy industrial prospectus growth of the retailing industry and the markets. These players include, Drax Group PLC, Enviva, LP, The Westervelt Company, Fram Renewable Fuels LLC, Rentech Inc., Wood Pellet Energy U.K. (LTD), German Pellets Trading GmbH, Snow Timber Pellets, LLC, ENERGEX AMERICAN, INC., LIGNETICS these market players provide a level-playing competitive landscape.

In August 2022, the Drax Group signed an agreement to acquire Princeton Standard Pellet Corporation's plant in British Columbia, aiming to boost its wood pellet production capacity.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.8% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Feedstock

- Forest Waste

- Agriculture Waste

- Others

By Application

- Heating

- Combined Heat & Power (CHP)

- Power Generation

By End-user

- Residential

- Commercial

- Industrial

By Region

- North America (By Feedstock, By Application, By End-user, and By Country)
  • U.S.
  • Canada
- Europe (By Feedstock, By Application, By End-user, and By Country)
  • Italy
  • Netherlands
  • Germany
  • Denmark
  • France
  • Sweden
  • Belgium
  • Austria
  • U.K.
  • Rest of Europe
- Asia Pacific (By Feedstock, By Application, By End-user, and By Country)
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
- Rest of the World (By Feedstock, By Application, By End-user, and By Country)


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Table of Contents

169 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Porter’s Five Forces Analysis
4.5. Impact of COVID-19 on Wood Pellets Market
5. Global Wood Pellets Market Analysis (USD Billion), Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Feedstock
5.2.1. Forest Waste
5.2.2. Agricultural Waste
5.2.3. Others
5.3. Market Analysis, Insights and Forecast – By Application
5.3.1. Heating
5.3.2. Combine Heat & Power (CHP)
5.3.3. Power Generation
5.4. Market Analysis, Insights and Forecast – By End-User
5.4.1. Residential
5.4.2. Commercial
5.4.3. Industrial
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Rest of the World
6. North America Wood Pellets Market Analysis (USD Billion), Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Feedstock
6.2.1. Forest Waste
6.2.2. Agricultural Waste
6.2.3. Others
6.3. Market Analysis, Insights and Forecast – By Application
6.3.1. Heating
6.3.2. Combine Heat & Power (CHP)
6.3.3. Power Generation
6.4. Market Analysis, Insights and Forecast – By End-User
6.4.1. Residential
6.4.2. Commercial
6.4.3. Industrial
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Wood Pellets Market Analysis (USD Billion), Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Feedstock
7.2.1. Forest Waste
7.2.2. Agricultural Waste
7.2.3. Others
7.3. Market Analysis, Insights and Forecast – By Application
7.3.1. Heating
7.3.2. Combine Heat & Power (CHP)
7.3.3. Power Generation
7.4. Market Analysis, Insights and Forecast – By End-User
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. Italy
7.5.2. Netherlands
7.5.3. Germany
7.5.4. Denmark
7.5.5. France
7.5.6. Sweden
7.5.7. Belgium
7.5.8. Austria
7.5.9. UK
7.5.10. Rest of Europe
8. Asia Pacific Wood Pellets Market Analysis (USD Billion), Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Feedstock
8.2.1. Forest Waste
8.2.2. Agricultural Waste
8.2.3. Others
8.3. Market Analysis, Insights and Forecast – By Application
8.3.1. Heating
8.3.2. Combine Heat & Power (CHP)
8.3.3. Power Generation
8.4. Market Analysis, Insights and Forecast – By End-User
8.4.1. Residential
8.4.2. Commercial
8.4.3. Industrial
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. Rest of Asia Pacific
9. Rest of the World Wood Pellets Market Analysis (USD Billion), Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Feedstock
9.2.1. Forest Waste
9.2.2. Agricultural Waste
9.2.3. Others
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Heating
9.3.2. Combine Heat & Power (CHP)
9.3.3. Power Generation
9.4. Market Analysis, Insights and Forecast – By End-User
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
10. Competitive Analysis
10.1. Company Market Share Analysis, 2023
10.2. Company Profile
10.2.1. Drax Group plc
10.2.1.1. Business Overview
10.2.1.2. Product & Service Offering
10.2.1.3. Overall Revenue
10.2.1.4. Recent Development
10.2.2. Enviva, LP
10.2.2.1. Business Overview
10.2.2.2. Product & Service Offering
10.2.2.3. Overall Revenue
10.2.2.4. Recent Development
10.2.3. The Westervelt Company
10.2.3.1. Business Overview
10.2.3.2. Product & Service Offering
10.2.3.3. Overall Revenue
10.2.3.4. Recent Development
10.2.4. Fram Renewable Fuels LLC
10.2.4.1. Business Overview
10.2.4.2. Product & Service Offering
10.2.4.3. Overall Revenue
10.2.4.4. Recent Development
10.2.5. Rentech Inc.
10.2.5.1. Business Overview
10.2.5.2. Product & Service Offering
10.2.5.3. Overall Revenue
10.2.5.4. Recent Development
10.2.6. Wood Pellet Energy UK (LTD)
10.2.6.1. Business Overview
10.2.6.2. Product & Service Offering
10.2.6.3. Overall Revenue
10.2.6.4. Recent Development
10.2.7. German Pellets Trading GmbH
10.2.7.1. Business Overview
10.2.7.2. Product & Service Offering
10.2.7.3. Overall Revenue
10.2.7.4. Recent Development
10.2.8. Snow Timber Pellets, LLC
10.2.8.1. Business Overview
10.2.8.2. Product & Service Offering
10.2.8.3. Overall Revenue
10.2.8.4. Recent Development
10.2.9. ENERGEX AMERICAN, INC.
10.2.9.1. Business Overview
10.2.9.2. Product & Service Offering
10.2.9.3. Overall Revenue
10.2.9.4. Recent Development
10.2.10. LIGNETICS
10.2.10.1. Business Overview
10.2.10.2. Product & Service Offering
10.2.10.3. Overall Revenue
10.2.10.4. Recent Development

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