Black Pellets are produced through torrefaction or steam exploded, during which water content, cellulose sugars, and other volatile organic compounds are removed from the biomass to produce a solid biofuel with characteristics similar to those of fossil coal.Black pellet is a solid fuel that is produced by crushing and densifying waste timber like sawdust, forestry residues, industrial byproducts like old paper and forestry wastes.
The black pellet is mainly used for Power Generation, Other (Boiler household etc.).
And Power Generation is the largest usage with the share of about 97%.North America (USA and Canada) is the biggest producer for black pellets, and produced about 489 thousand MT (more than 60% of the global total) of Black pellets in 2017.
Europe is the other key producer of the Black pellets market with the share of about 34% in 2017.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-black-pellets-2019-2024-302Europe and North America are the two largest consumption markets of black pellets in the world in the past few years and it will keep the same position in the next years.
Sales volume of the Europe took up about 45.7% the global market in 2017 while North America took up about 49.1%.
And North America is the largest exporter of black pellets in the world at present.According to this study, over the next five years the Black Pellets market will register a 14.8% CAGR in terms of revenue, the global market size will reach US$ 450 million by 2024, from US$ 230 million in 2019.
Key Highlights of Wood Pellets MarketThe global wood pellets market is expected to expand at a CAGR of 6.12% during the forecast period.
In terms of value, the wood pellets market is anticipated to reach US$ 14.5 Bn by 2027.Based on application, the heating segment held dominant share of the global wood pellets market in 2018.
Furthermore, establishment of these manufacturing units is less capital-intensive vis-à-vis that for wind and solar energy.
This has boosted the demand for wood pellets in heating applications.The wood pellets market in Europe is likely to expand at a significant pace during the forecast period, owing to the implementation of stringent government regulations to lower carbon emissions in countries such as Germany, the U.K., Denmark, and ItalyDownload PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=4934Key Drivers of Global Wood Pellets MarketOf late, carbon emissions have increased significantly owing to rapid industrialization, which has led to climate changeGovernments of various countries are striving to lower the climate change impact by enhancing penetration of renewable technologies.
Several tax incentives program such as state income tax credit, state sales tax exemption, local property tax exemption, and corporate income tax deduction are offered by various governments to promote the adoption of renewable resources.Numerous federal level incentives are also available to municipal projects, businesses, and nonprofit organizations.
Various government schemes, such as Renewable Heat Incentive (RHI) introduced in April 2013, have resulted in generating substantial interest in the wood pellets market in the U.K.
Black Pellets are produced through torrefaction or steam exploded, during which water content, cellulose sugars, and other volatile organic compounds are removed from the biomass to produce a solid biofuel with characteristics similar to those of fossil coal.Black pellet is a solid fuel that is produced by crushing and densifying waste timber like sawdust, forestry residues, industrial byproducts like old paper and forestry wastes.
The black pellet is mainly used for Power Generation, Other (Boiler household etc.).
And Power Generation is the largest usage with the share of about 97%.North America (USA and Canada) is the biggest producer for black pellets, and produced about 489 thousand MT (more than 60% of the global total) of Black pellets in 2017.
Europe is the other key producer of the Black pellets market with the share of about 34% in 2017.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-black-pellets-2019-2024-302Europe and North America are the two largest consumption markets of black pellets in the world in the past few years and it will keep the same position in the next years.
Sales volume of the Europe took up about 45.7% the global market in 2017 while North America took up about 49.1%.
And North America is the largest exporter of black pellets in the world at present.According to this study, over the next five years the Black Pellets market will register a 14.8% CAGR in terms of revenue, the global market size will reach US$ 450 million by 2024, from US$ 230 million in 2019.
Key Highlights of Wood Pellets MarketThe global wood pellets market is expected to expand at a CAGR of 6.12% during the forecast period.
In terms of value, the wood pellets market is anticipated to reach US$ 14.5 Bn by 2027.Based on application, the heating segment held dominant share of the global wood pellets market in 2018.
Furthermore, establishment of these manufacturing units is less capital-intensive vis-à-vis that for wind and solar energy.
This has boosted the demand for wood pellets in heating applications.The wood pellets market in Europe is likely to expand at a significant pace during the forecast period, owing to the implementation of stringent government regulations to lower carbon emissions in countries such as Germany, the U.K., Denmark, and ItalyDownload PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=4934Key Drivers of Global Wood Pellets MarketOf late, carbon emissions have increased significantly owing to rapid industrialization, which has led to climate changeGovernments of various countries are striving to lower the climate change impact by enhancing penetration of renewable technologies.
Several tax incentives program such as state income tax credit, state sales tax exemption, local property tax exemption, and corporate income tax deduction are offered by various governments to promote the adoption of renewable resources.Numerous federal level incentives are also available to municipal projects, businesses, and nonprofit organizations.
Various government schemes, such as Renewable Heat Incentive (RHI) introduced in April 2013, have resulted in generating substantial interest in the wood pellets market in the U.K.