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Biomass Briquette Market Share, Opportunities, Industry 2031
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Biomass Briquette Market Share, Opportunities, Industry 2031

Segments - Biomass Briquette Market by Types (Biomass Briquette and Biomass Pellet), Raw Materials (Sawdust Briquettes, Agro waste Briquettes, and Wood Briquettes), Applications (Household and Industrial [Power Generation and Thermal Heating], and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-4615 | 4.7 Rating | 54 Reviews | 178 Pages | Format : PDF Excel PPT

Report Description


The global biomass briquette market size was valued at USD 832.76 Million in 2022 and is projected to reach USD 1570.06 Million by 2031, expanding at a CAGR of 7.3% during the forecast period, 2023–2031. Increasing support and initiatives by the government towards the adoption of green energy solution, reducing the usage of fossil fuel, and increasing the production of biomass briquette in various countries are propelling the market.

Biomass briquette is a method to convert molding fuel or biofuel from green waste and other natural materials. The biomass briquette is commonly used to create heat, power, and cooking fuel. The biomass briquette compounds contains different organic materials such as city strong waste, organic waste materials, rice husk, ground nutshells, rural waste, bagasse, and other high nitrogen wastes.

Biomass Briquette Market Outlook

Several benefits provided by biomass briquettes including lower disposable costs, saves spaces, time and cost for handling, higher smelting yield, and much more environmentally friendly as compared to coal.    

  • Rising environmental concerns related to the growing pollution across the globe are boosting the global biomass briquette market.

  • The availability of low-cost raw-material and benefits offered by biomass briquettes such as it provides uniformity in combustion with high density and produces less emission is fueling the market. 

  • Growing demand for improved and renewable energy sources in emerging economies is driving the market.

  • The biomass briquettes provide low energy output as compared to other industrial fuels is restricting the market. 

  • Law of awareness among consumers related to the benefits and use of biomass briquettes in various applications. Thus, hampering the market.

  • Stringent regulatory framework imposed by the government for reducing the carbon footprint is generating opportunities in the market. 

  • Rising popularity of ram press or piston and screw extrusion machines used for producing high-pressure biomass briquettes are creating opportunities in the market. 

Scope of Biomass Briquette Market Report

The report on the global biomass briquette market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Biomass Briquette Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023–2031

Segmentation

Types (Biomass Briquette and Biomass Pellet), Raw Materials (Sawdust Briquettes, Agro waste Briquettes, and Wood Briquettes), Applications (Household and Industrial [Power Generation and Thermal Heating]

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Biomass Secure Power Inc, Drax Group plc, ECOSTAN, Enviva, Geetha Biotech, German Pellets, Lignetics, Om Greentech Industries, Pacific BioEnergy, PFEIFER GROUP, and Pinnacle Renewable Energy Inc.

Biomass Briquette Market Segment Insights

Biomass briquette segment to grow during the anticipated period

In terms of types, the global biomass briquette market is segmented into biomass briquette and biomass pellet. The biomass briquette segment is expected to hold a significant market share during the forecast period. The biomass briquettes require less production cost as compared to biomass pallets. Moreover, briquette processing is more efficient than pelleting and is available in different shapes such as cuboid, hexagon, and cylindrical, which is anticipated to propel the segment during the forecast period.

Biomass Briquette Market Type

Agro waste briquettes segment to hold significant market share

On the basis of raw materials, the global intelligent virtual assistant market is segregated into sawdust briquettes, agro waste briquettes, and wood briquettes. The agro-waste briquettes segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period.

The growth in the segment is attributed to the availability of various farm residues such as grain husk, bagasse, and groundnut shells. All these farm residues undergo numerous processing procedures to form cylindrical blocks. The wood segment is expected to hold a significant share of the market during the forecast period. The wooden briquettes provide an efficient, cost-effective source of heating, and consistent fires, which is expected to boost the segment during the forecast period.

Industrial segment to grow in the forecasted period

Based on applications, the biomass briquette market is segregated into household and industrial. The industrial segment is further sub-segmented into power generation and thermal heating. The industrial segment is expected to hold a significant share of the market during the forecast period, due to the growing use of biomass briquettes for boiling water and creating steam energy in the industries.

Moreover, the rising adoption of biomass briquette as a substitute product over coal is driving the market. The biomass briquette provides fuels to the power station and industrial boilers. These factors are anticipated to propel the segment during the forecast period.  

Increasing consumption in Europe to drive the market

In terms of regions, the global biomass briquette market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe constituted a significant share of the market in 2020, due to the availability of economical production of biomass briquettes. Moreover, the growing consumption of biomass briquette in countries like Austria, Hungary, and Poland is propelling the market in Europe.

The growth in the pollution level in Asia Pacific region is associated with the high use of kerosene and charcoal for domestic purposes. Moreover, the market in the Asia Pacific is projected to expand at a significant CAGR during the forecast period, due to increasing bio-waste generation and the availability of cheaper biomass. However, the growing indigenous production of biomass briquettes is anticipated to boost the market in Asia Pacific.

Biomass Briquette Market Region

Segments

By Types

  • Biomass Briquette
  • Biomass Pellet   

By Raw Materials

  • Sawdust Briquettes
  • Agro waste Briquettes
  • Wood Briquettes

By Applications

  • Household
  • Industrial
    • Power Generation
    • Thermal Heating

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Biomass Secure Power Inc
  • Drax Group plc
  • ECOSTAN
  • Enviva
  • Geetha Biotech
  • German Pellets
  • Lignetics
  • Om Greentech Industries
  • Pacific BioEnergy
  • PFEIFER GROUP
  • Pinnacle Renewable Energy Inc.

Competitive Landscape

Key players in the global biomass briquette market include Biomass Secure Power Inc, Drax Group plc, ECOSTAN, Enviva, Geetha Biotech, German Pellets, Lignetics, Om Greentech Industries, Pacific BioEnergy, PFEIFER GROUP, and Pinnacle Renewable Energy Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Biomass Briquette Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Biomass Briquette Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Biomass Briquette Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Biomass Briquette Market - Supply Chain
  4.5. Global Biomass Briquette Market Forecast
     4.5.1. Biomass Briquette Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Biomass Briquette Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Biomass Briquette Market Absolute $ Opportunity
5. Global Biomass Briquette Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Biomass Briquette Market Size and Volume Forecast by Types
     5.3.1. Biomass Briquette
     5.3.2. Biomass Pellet   
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Biomass Briquette Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Biomass Briquette Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Biomass Briquette Demand Share Forecast, 2019-2026
7. North America Biomass Briquette Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Biomass Briquette Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Biomass Briquette Market Size and Volume Forecast by Types
     7.4.1. Biomass Briquette
     7.4.2. Biomass Pellet   
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Biomass Briquette Demand Share Forecast, 2019-2026
8. Latin America Biomass Briquette Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Biomass Briquette Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Biomass Briquette Market Size and Volume Forecast by Types
     8.4.1. Biomass Briquette
     8.4.2. Biomass Pellet   
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Biomass Briquette Demand Share Forecast, 2019-2026
9. Europe Biomass Briquette Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Biomass Briquette Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Biomass Briquette Market Size and Volume Forecast by Types
     9.4.1. Biomass Briquette
     9.4.2. Biomass Pellet   
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Biomass Briquette Demand Share Forecast, 2019-2026
10. Asia Pacific Biomass Briquette Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Biomass Briquette Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Biomass Briquette Market Size and Volume Forecast by Types
     10.4.1. Biomass Briquette
     10.4.2. Biomass Pellet   
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Biomass Briquette Demand Share Forecast, 2019-2026
11. Middle East & Africa Biomass Briquette Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Biomass Briquette Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Biomass Briquette Market Size and Volume Forecast by Types
     11.4.1. Biomass Briquette
     11.4.2. Biomass Pellet   
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Biomass Briquette Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Biomass Briquette Market: Market Share Analysis
  12.2. Biomass Briquette Distributors and Customers
  12.3. Biomass Briquette Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Biomass Secure Power Inc
     12.4.2. Drax Group plc
     12.4.3. ECOSTAN
     12.4.4. Enviva
     12.4.5. Geetha Biotech
     12.4.6. German Pellets
     12.4.7. Lignetics
     12.4.8. Om Greentech Industries&l

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