Wood Pellet Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015– 2025
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Report
Description
Report Description
In order to meet the increasing demand for energy and fossil fuels alternative along with
intensifying concerns for greenhouse gas (GHG), the demand for global wood pellet market is
rapidly escalating. Wood pellet is a solid fuel that is produced by compressing biomass or organic
matter. Usually, it is made from waste timber like sawdust, residues of forest and various
industrial by products. Its length is 1-2 cm and generally the diameter is 6, 8, 10, or 12mm. At
greatest, it is possible to produce 25mm wood pellet. Being extremely thick, it is produced at
low moisture, which allows them to burn with high combustion efficiency. Over the other types
of solid biomass available, feasibility in transportation, storability and high energy density,
among many others are the advantages of using wood pellet and so, it is used as fuels for
residential & commercial heating, cooking and generating power.
Wood Pellet Market: Drivers & Restraints
Increasing consumption of wood pellets and the policy support for heating/CHP application
(either large scale or small scale plant) is the main driver for the wood pellet market. The
increasing (heating) oil prices, carbon dioxide price, concerns over climatic change, demand for
large scale electricity production gives the potential scope for the growth of wood pellet market.
However, the fluctuation in feedstock prices and limitation of the availability of woody biomass
are the major constraints for the wood pellet market. Other factors hindering the growth of
wood pellet market are logistical barriers for the transportation, competition with natural gas,
coal and other fossil fuels and fulfilling technical quality standards.
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Description
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Wood Pellet Market: Segmentation
On the basis of the feedstock, the global wood pellet market can be segmented into Forest and
wood waste resources, Agricultural residues & waste and Energy crops. On the basis of types of
pellet heating appliances, it is segmented into free standing pellet stoves, pellet stove inserts
and pellet boilers.
On the basis of application, the global wood pellet market is segmented into
• Industrial pellet for CHP/district heating
• Industrial pellet for co-firing
• Pellet for heating residential/commercial
• Others
The wood pellet market can also be segmented on the basis of density variance which is
different for different brand as well as bags in which they are packed.
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Report
Description
Report Description
Wood Pellet Market: Region-wise Outlook
Global wood pellet market is foreseen to witness the highest growth in Europe, currently
accounting for almost 80% of global consumption, followed by U.S. and South Korea. The export
of wood pellet are mainly done by Russia, U.S. and Canada. South America, South Africa and
Australia are the emerging regions for becoming the potential exporters of the wood pellet
market. As per our in-depth analysis by 2020, the annual demand for woody biomass would rise
to 305 million tons. Owing to this, the demand for global wood pellet market is anticipated to
reach double digit million tons during the forecast period.
Wood Pellet Market: Key Players
Some of the key players of the global wood pellet market are Corinth Wood Pellets, New
England Wood Pellets, Energex, OÜOsulaGraanul, the subsidiary of AS Graanul Invest, Nature’s
Flame, Green Circle Cottondale, Weyerhaeuser, Mitsubishi Corporation and many others.
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