888-776-0942 from 8 AM - 10 PM ET
Demand for Carbon Neutral and Sustainable Fuel Continues to Bolster Wood Pellets Market Growth. Europe has emerged as the leading wood pellets market. Asia Pacific will register noteworthy growth during the projection period.
NEWARK, Del. , July 26, 2022 /PRNewswire/ -- The global wood pellets market is anticipated to generate an absolute dollar opportunity with an opulent CAGR of 11% during the forecast period 2021-2031. There was a massive slowdown witnessed by the wood pellets market during the lockdown days due to the Covid-19 pandemic all over the world.
Eased restrictions and everyone slowly coming back to their daily routines have resulted in the recovery of the wood pellets market that commenced in 2021. Major market players are regaining their positions through production expansion, capacity utilization, and online selling in 2021 keeping in view the covid-19 norms.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-11094
Enviva Partners LP, Pinnacle Renewable Energy Inc., Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Georgia Biomass, LLC, are some of the key companies profiled in the full version of the report.
Key players are accelerating their capacity expansion efforts in a bid to sustain global leadership. In order to revamp their repository, they are entering strategic agreements with raw material suppliers such as Swedish softwood lumber suppliers. This move is projected to boost the production capacity of leading manufacturers. In view of respiratory problems caused by wood dust, some players are innovating novel manufacturing processes by escalating R&D activities.
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-11094
More Insights into the Wood Pellets Market
Over the recent years, the European region has witnessed increased adoption of power boilers and residential heating segments. The regional Wood Pellets Market is fueled by enhanced product penetration in countries such as France , Austria , Italy , and Germany . Moreover, European Union's stringent regulations against carbon emissions are pushing the sales of wood pellets.
Asia Pacific region is anticipated to register stupendous growth during the projection period. The prevalence of renewable energy is responsible for the regional growth of the wood pellets market in countries like South Korea , China , Japan , and India .
Owing to grave environmental concerns and surging government incentives towards sustainability are likely to propel global wood pellets market growth. With an incredible CAGR of approximately 11% wood pellets market is poised for stupendous growth throughout the forecast years.
Agricultural residue and wood waste are the prominent sources of wood pellets that make them cost-efficient and easily available. Being one of the factors for prosperous market growth in the future.
The pellet-based power plant is preferred over the coal-based power plant due to its energy-saving capabilities which is why the wood pellet market is gaining massive traction in the industrial sector.
Reputed companies like Enviva Partners LP, Pinnacle Renewable Energy Inc., Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Georgia Biomass, LLC are focusing on strategic alliances, mergers & acquisitions, joint ventures, collaborations, product approvals and partnership agreements in order to get an edge over others in the global wood pellets market.
Request for Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-11094
The global wood pellets market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Request Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-11094
1.2. Research Scope & Assumptions
1.3. List of Data Sources
3.2. Wood pellets - Value chain analysis
3.3. Raw material trend
4. Wood Pellets: Trend Analysis & Application Assessment
4.1. Wood pellets market: Application movement analysis, 2021-2031
4.5. Combined Heat and Power (CHP)
5. Wood Pellets: Regional Estimates & Trend Analysis
About the Chemicals & Materials Division at Future Market Insights
The chemicals & materials team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
Have a Look at Chemicals & Materials Domain Related Research Reports:
Semi Chemical Wood Pulp Market Size - The semi chemical wood pulping method is cooking the wood chips in solutions that are neutral. These solutions include sodium sulfite and sodium hydroxide or sodium carbonate solutions. In addition to the chemical process, refining using mechanical process is also used to separate the fibres.
Glycerol Esters Of Wood Rosins Market Share - Glycerol ester of wood rosin forms with complex mixture of tri- and diglycerol esters of resin acids extracted from wood rosin. Glycerol ester of wood rosin manifest with esterification of pale wood rosin with food grade glycerol.
Engineered Wood Market Trends - Engineered wood is also known as man-made wood or composite wood, and these are quite popular in recent times due to their cost effective and ecofriendly properties.
Wood Plastic Composite (WPC) Floorings Market Analysis - Expanding at a remarkable CAGR of 7.0%, the global sales of WPC floorings is expected to increase from a valuation of US$ 2,088.6 Mn in 2022 to US$ 3,643.3 Mn by the end of 2030.
Wood Coatings Market Outlook - The wood coatings market is anticipated to garner a modest strength with a CAGR of 5.9% during 2022-2032.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705 For Sales Enquiries: [email protected] Website: https://www.futuremarketinsights.com Report: https://www.futuremarketinsights.com/reports/wood-pellets-market LinkedIn| Twitter| Blogs
Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET