Wood Pellets Market
Wood Pellets Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Wood Pellets Market Size and Growth
The wood pellets market is experiencing significant growth, driven by increasing demand for renewable energy and stringent environmental regulations. In 2023, the global market size was valued at approximately $10 billion, with a projected CAGR of 8% through 2030. Market conditions are favorable, highlighting investment opportunities and expanding production capacities.
Companies Covered
(Covid 19 Impact Covered)
◍ Enviva
◍ Pinnacle
◍ Vyborgskaya Cellulose
◍ Rentech
◍ Innogy
◍ Graanul Invest Group
◍ Zilkha Biomass Energy
◍ Canfor
◍ General Biofuels
◍ Pacific BioEnergy
◍ Protocol Energy
◍ PFEIFER
◍ Biomass Secure Power
◍ Viridis Energy
◍ Westervelt
◍ BTH Quitman Hickory
◍ Energex
The wood pellets market features competitive players like Enviva, Pinnacle, and Drax Biomass, driving growth through sustainable production, strategic partnerships, and technological advancements. Their operations enhance biomass energy accessibility, contributing to global carbon reduction goals. Sales figures include:
- Enviva: ~$500 million
- Pinnacle: ~$200 million
- Drax: ~$1 billion.
◍ Lignetics
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Market Segmentation
By Application
Power Generation
Industrial Furnace
Civil Use
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By Product
White Pellet
Black Pellet
Market Growth
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$ X Billion USD
