Biomass Molding Fuel Market Analysis, Latest Updates, Data, and News |
Posted on Jan 24 2023 6:33 AM
"Companies covered in the biomass molding fuel market are Enviva, Pram Renewable, Billington Bioenergy, Pacific BioEnergy, Viridis Energy, EC Biomass, Devotion Corporation, Canadian Biofuel, New England Wood Pellets, Georgia Biomass and more players profiled"
The global biomass molding fuel market size is anticipated to experience considerable growth in the forthcoming years due to preference for clean sources of energy. This information is published by Fortune Business Insights in its report, titled "Biomass Molding Fuel Market, 2021-2028". The increasing research on sustainable sources of energy is likely to lead to the high adoption of various clean sources of energy. Such energy is anticipated to reduce carbon emission from the industrial sector, while utilizing the organic waste generated by households and industries. The molding is done by various equipment that provide shape to the organic waste generated.
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By type, the market for biomass molding fuel is segmented into granular, pellets, and block. On the basis of application, the market is classified into industrial production, agricultural production, power generation, heating, and others. Based on geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What Does the Report Contain?
The report offers an insight into the profitability, entire structure, and scale. It also studies the drivers and restraints and considers all the potential threats to the market. The critical analysis of marketplace sections, prediction analysis, and expert insights are strategically included in the report. A wide spectrum of data, including regional analysis, market segmentation, industry developments, and key players, are included in the research conducted by market experts.
Rising Demand for Sustainable Energy Sources to Aid Growth
The demand for sustainable energy sources in the industrial sector is anticipated to propel the adoption of the product worldwide. Various international organizations such as the International Energy Agency (IEA) are recommending ways to achieve zero carbon emissions in the foreseeable future. For instance, in May 2021, IEA released a report on how to transition to a net zero energy system by 2050. Such research is anticipated to propel the biomass molding fuel market growth.
Moreover, imposition of stringent regulations by governmental regulatory authorities such as the Environmental Protection Agency (EPA) is projected to influence the market. The various industries affected by these regulations would prefer a swift yet hassle free transition to clean energy. Such transition can easily be facilitated by the biomass molding fuel. Therefore, the probability of market growth in this industry is quite substantial.
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Stringent Regulations on Carbon Emissions in North America to Spur Demand
North America is expected to hold the largest biomass molding fuel market share in the foreseeable future. This is due to the stringent regulations implemented by the U.S. Environmental Protection Agency on carbon emissions in the region. Moreover, the recent trend of transitioning towards an eco-friendly lifestyle is anticipated to propel the market.
Asia Pacific is projected to hold a considerable market share during the forecast period. This is owing to the fact that the region is experiencing high demand from its expanding industrial sector.
Key Players Focus on Expanding Production Facilities to Expand Their Business Horizons
The fragmented structure of companies in the market for biomass molding fuel results in only a few prominent players. These players are focused on business expansion at the regional and global levels. Some of them are investing in advancements in production technology to increase the efficiency of the fuel. Product launches, expansion, acquisition, partnership, technological advancement, and others are the key trends of the market. The growing demand from end-user industries for more fuel is an excellent opportunity for the new entrants of the market to make their mark in this industry. The effect of the pandemic has in this way promoted this market rather than making losses.
July 2020: Georgia Biomass was acquired by Enviva at Waycross. This is expected to expand the operational footprint of Enviva across the Southeast USA.
List of Key Players Profiled in the Market:
- Pram Renewable
- Billington Bioenergy
- Pacific BioEnergy
- Viridis Energy
- EC Biomass
- Devotion Corporation
- Canadian Biofuel
- New England Wood Pellets
- Georgia Biomass
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