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Acquire Market Research has announced a new report titled “Global Biomass Briquette Fuel Market Growth 2019-2024” to their offerings

According to this study, over the next five years the Biomass Briquette Fuel Market will register a 8.3% CAGR in terms of revenue, the global market size will reach US$ 10900 million by 2024, from US$ 6760 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Biomass Briquette Fuel business.

Biomass pellet fuel is biofuels made from compressed organic matter or biomass. Wood pellets are the most common type of pellet fuel and are generally made from compacted sawdust and related industrial wastes from the milling of lumber, manufacture of wood products and furniture, and construction.

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Other industrial waste sources include empty fruit bunches, palm kernel shells, coconut shells, and tree tops and branches discarded during logging operations.

At present, in developed countries, the Biomass Fuel industry is generally at a more advanced level. The world’s large enterprises are mainly concentrated in EU. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. With the development of Chinese Biomass Fuel industry production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.

As Chinese overall economic downward trend in the past few years, in the next few years there will be many uncertainties, and coupled with Biomass Fuel industry situation in the past few years, the current demand for Biomass Molding Fuel product is relatively low. In the coming years, as the environmental standards are more and more strict, biomass fuel market is expected to witness the highest growth rate in the Asia-Pacific region.

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Although biomass Biomass Briquette Fuel brings a lot of opportunities, the study group recommends that the new entrants just having money but without technical advantages and upstream/downstream support should not to enter into this field.

This report presents a comprehensive overview, market shares, and growth opportunities of Biomass Briquette Fuel market by product type, application, key manufacturers and key regions and countries.

This study considers the Biomass Briquette Fuel value and volume generated from the sales of the following segments:

Segmentation by product type:

Bulk Biomass Briquette

Biomass Pellet

Segmentation by application:

Power generation

Residential and commercial heating

Other

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This report also splits the market by region:

Americas (United States, Canada, Mexico, Brazil)

APAC( China, Japan, Korea, Southeast Asia, India, Australia)

Europe( Germany, France, UK, Italy, Russia, Spain)

Middle East & Africa( Egypt, South Africa, Israel, Turkey, GCC Countries)

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report:

German Pellets, Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation, Vyborgskaya Cellulose, Rentech, Graanul Invest Group, RWE Innogy, Lignetics, E-pellets, Drax Biomass, General Biofuels, BlueFire Renewables, Pfeifer Group, Biomass Secure Power, Viridis Energy, Westervelt, Energex, Fram Renewable Fuels, Protocol Energy, Premium Pellet Ltd., Granules LG, Enova Energy Group, Corinith Wood Pellets, Maine Woods Pellet, Appalachian Wood Pellets, Bear Mountain Forest Prod, Agropellets, West Oregon Wood Prod, Bayou Wood Pellets.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Biomass Briquette Fuel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

To understand the structure of Biomass Briquette Fuel market by identifying its various subsegments.

Focuses on the key global Biomass Briquette Fuel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Biomass Briquette Fuel with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Biomass Briquette Fuel submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.