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Wood Pellet Market Report | Covid-19 Impact Analysis
The Wood Pellet Market is Segmented by Grade Type (Premium, Standard, and Utility), by Application Type (Residential, Commercial, Industrial, and Animal Bedding), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Wood pellet market is likely to witness an impressive CAGR of 10.5% during the forecast period. Increasing consciousness towards the use of renewable energy sources for space heating in residential and commercial heating, along with the increasing adoption of recyclable and eco-friendly energy sources for power generation are the prime factors that are contributing to the demand for wood pellets. The clean-burning and cost-effective fuel option for heating needs for households is another factor that is driving the demand for wood pellets.
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Wood Pellet Market – Snapshot |
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Growth |
10.5% for the next five years |
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Major Grade Type |
Utility Grade |
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Major Application Type |
Residential |
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Region with the highest demand |
Europe |
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Key Players |
Stora Enso Oyj, Enviva Partners, LP, Pacific Bioenergy Corporation_, Drax Group plc, AS Graanul Invest, Lignetics, Inc., Ecochipp, Svenska Cellulosa AB, InstantHeat Wood Pellets, Inc., and Pinnacle Renewable Energy Inc. |
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Based on the grade type, the market is segmented as premium, standard, and utility. The utility grade segment held the largest share of the market in 2019, and is expected to register the fastest growth during the forecast period. The utility grade segment is mainly driven by its low bulk density compared to that of premium grade wood pellets. The utility grade wood pellets provide benefits for space utilization to the industrial sector and due to this factor the usage of utility grade wood pellets has been growing for the industrial heating applications.
Based on the application type, the wood pellet market is segmented as residential, commercial, industrial, and animal bedding. The residential segment held the largest share of the market in 2019. Increasing consumption of wood pellets in North America and major European countries, owing to the growing initiatives to increase dependency on renewable energy sources for reducing carbon emission is the major factor behind the growth of the segment.
In terms of regions, Europe is estimated to be the largest market during the forecast period, with France, Germany, Russia, and the United Kingdom being the major countries with promising growth opportunities. The growth of the region’s market is mainly driven by the growing initiatives towards replacement of coal-fired power plants with pellet-based power plants, along with the growing focus on renewable energy sources in the region to reduce carbon emissions.
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Some of the major wood pellet manufacturers are-
Wood pellets are the biofuels that are manufactured by the process of crushing and densifying waste wood including industrial byproducts such as forestry wastes, old paper, and forestry residues. Wood pellets have come a long way as promising renewable energy sources, which substitute coal and natural gas in various industrial sectors, owing to their low cost and reduced carbon emission. The easy availability of wood pellet feedstock and low cost of production has immensely contributed towards its higher consumption, especially in the industrial sector.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Wood Pellet Market Research Report – Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The wood pellet market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The wood pellet market is expected to witness an impressive growth of 10.5% CAGR in the foreseeable future.
Stora Enso Oyj, Enviva Partners, LP, Pacific Bioenergy Corporation_, Drax Group plc, AS Graanul Invest, Lignetics, Inc., Ecochipp, Svenska Cellulosa AB, InstantHeat Wood Pellets, Inc., and Pinnacle Renewable Energy Inc are among the key players in the Wood Pellet Market.
Europe is estimated to be the largest wood pellet market during the next five years.
The utility grade segment is expected to register the fastest growth in the wood pellet market in the coming years.
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