MARKET INTRODUCTION

Wood pellets are an eco-friendly solid fuel made from compacted sawdust and related industry waste from the milling of lumber. Wood pellets have many advantages over fossil fuel as they are produced from renewable materials such as wood shaving and sawdust. They are utilized in varied settings and applications, such as home heating appliances and large-scale boilers in commercial operations. Wood pellets are available in a smaller size, easy to store and produce a minimal amount of ash.

MARKET DYNAMICS

The global wood pellet industry has witnessed the significant expansion of global key players, with diverse product portfolios. Moreover, the easy availability of raw materials such as timber and compacted sawdust and the low cost of production are major factors boosting the demand for wood pellets. Rising environmental concern about greenhouse gas emissions (GHGs) in regions such as the United States and Europe has increase the popularity of wood pallets globally. The wood pellets market is witnessing growth on account of increased consumer awareness regarding the product benefits, such as complete combustion, cleaner burning fuel as compared to fossil fuels and reduction in Greenhouse Gas (GHG) emissions. However, the availability of substitutes and lack of awareness in developing countries are the primary factor hampering the growth of the market.

MARKET SCOPE

The "Global Wood Pellets Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wood pellets market with detailed market segmentation by feedstock, application, end-use and geography. The global wood pellets market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wood pellets market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global wood pellets market is segmented on the basis of feedstock, heating application and end-use. On the basis of feedstock, the wood pellets market is segmented into forest wood & waste, agriculture residue and others. By application, the global wood pellets market is bifurcated into, free standing pellet stove, pellet stove inserts and pellet boilers. Based on end-use, the global wood pellets market is segmented into, power plants, commercial heating, chp heating and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wood pellets market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wood pellets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the wood pellets market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the wood pellets market in these regions.

MARKET PLAYERS

The reports cover key developments in the wood pellets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wood pellets market are anticipated to lucrative growth opportunities in the future with the rising demand for wood pellets in the global market. Below mentioned is the list of few companies engaged in the wood pellets market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wood pellets market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.

ANDRITZ Feed and Biofuel A/S

ENERGEX PELLET FUEL, INC.

Enviva LP

New England Wood Pellet

Pacific BioEnergy

Pinnacle Renewable Energy Inc

Premium Pellets Ltd

SINGPELLET Pte. Ltd

The Westervelt Company, Inc.

Wood & Sons

Publisher's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.