Black Pellet Market - Global Industry Analysis and Forecast 2030
Black Pellet Market: Overview
Black pellets are produced from biomass by using various methods such as
torrefaction and steam explosion. In this process, water, cellulose, sugars, and other
volatile organic compounds are removed from the biomass to produce solid pellets.
These pellets have characteristics similar to those of fossil coal.
Black pellets are produced from waste timber such as forestry residues, sawdust, and
industrial byproducts including old paper and forestry wastes
Key Drivers and Restraints of Global Black Pellet Market
Rise in industrialization and urbanization across the globe is estimated to be a key
driver of the global black pellet market. Demand for heat and electricity has been
increasing significantly across the world over the last few years. This is expected to
drive the global black pellet market during the forecast period.
Implementation of stringent rules and regulations to minimize carbon emissions,
produced by combustion of fossil fuel and coal, is another key driver of the global
black pellet market. This implementation has encouraged companies to focus on
production of better, cleaner, and inexpensive fuels. Black pellets provide a cleaner
and inexpensive solution.
Increase in usage of renewable energy, such as solar, wind, and hydro, is estimated to
hamper the global black pellet market in the near future. Over the last few year, there
has been significant increase in investments in renewable energy sources. This is
projected to adversely affect the global black pellet market during the forecast period.
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Global Black Pellet Market: Segmentation
The global black pellet market can be segmented based on product, application, end-
user, and region
In terms of product, the global black pellet market can be classified into torrefaction,
steam explosion, and hydro