As per the recent research conducted by a leading market insights provider FMI, the global Biomass Pellets market will expand at a healthy CAGR over the forecast period between 2022 and 2032. The aim of this study is to analyze key market dynamics affecting the sales of Biomass Pellets and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
The United States biomass pellets market is anticipated to capture a 69.7% market share in 2023. It is anticipated to generate more than US$ 1.5 billion in revenue by 2023 end.
For details on vendors and their offerings – Request a sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-7175
Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Biomass Pellets Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Biomass Pellets market.
Key Biomass Pellets Market Takeaways and Projections
- The U.S. will lead the North America Biomass Pellets market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
- The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Biomass Pellets market. It also profiles a list of prominent companies including Drax
- Rentech Inc.
- Enviva Inc.
- German Pellets GmbH
- AS Graanul Invest
- Lignetics of Idaho Inc.
- Zilkha Biomass Energy LLC
- Premium Pellets Ltd.
- Fram Renewable Fuels
- Abellon CleanEnergy Limited
- Subham Industries
- Nishant Bioenergy Private Energy
- MVM Bio Green Energy
- Ecostan India Private Limited
- JP Green Fuels
- Kushal Timber Private Limited
- Perfect Traders
- Raghvendra Industries
- Ved Shanti Biomass Energy Fuels
- Siddharth Agro Products Private Limited
- Ankit Bio Fuels LLP
Key Segments Profiled in the Biomass Pellets Industry Survey
By Source:
- Agriculture Residue
- Wood Sawdust
- Others
By End Use:
- Power Generation
- Industrial Heating
- Commercial and Domestic Heating
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Biomass Pellets market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Biomass Pellets market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (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.
Browse Full Report: https://www.futuremarketinsights.com/reports/biomass-pellets-market
