Global wood pellet sales in 2022 will reach 30 billion tons and 45.5 million US dollars in revenue

Author: QYResearch  |   Published Date: 2018-11-05   |   Views: 279


Wood pellet is a solid fuel that is produced by crushing and densifying waste timber like sawdust, forestry residues, industrial byproducts like old paper and forestry wastes. The Wood pellet is mainly used for Power Generation, Industrial Furnace, Civil Use, etc. And Power Generation is the largest usage with the share of about 52%, followed by Civil Use (22%).

In 2016, about 24.9 billion MT of Wood pellets are produced worldwide, generating the revenue of about $3753 million. The compound annual growth rate (CAGR) will maintain around 3.26 percent between 2016 and 2022 as predicted by the report, the global sales in 2022 will reach 30 billion MT and $ 4550 million revenue.

The global average price of wood pellets went up in 2012-2014 but declined in 2014-2016, from about 172 $/MT in 2012 to 188 $/MT in 2014 and . And the price rose up in 2017.

North America (USA and Canada) is the biggest producer for wood pellets, and produced about 11.6 billion MT (more than 48% of the global total) of wood pellets in 2016. Europe is the other key producer of the wood pellets market with the share of about 33%. USA, Canada, Germany, Russia, Latvia, and China, etc. are other key country producers of the product, the five took up more than 70% of the market.

Europe and North America are the two largest consumption markets of wood pellets in the world in the past few years and it will keep the same position in the next years. Sales volume of the Europe took up about 58% the global market in 2016 while North America took up about 20%. And North America is the largest exporter of Wood pellets in the world at present. China is the third largest market in the report with a consumption share of about 8% in 2016. Other key markets are Korea, Japan, etc. which have the large potential demand.

Currently, Enviva, Graanul Invest Group, Pinnacle, Rentech, Vyborgskaya Cellulose, Innogy (RWE), Aoke Ruifeng, Lignetics, Fram Renewable Fuels, Drax Biomass International, DEVOTION, Pacific BioEnergy, Protocol Energy, PFEIFER, Viridis Energy, Senon Renewable Energy, BTH Quitman Hickory, Enova Energy Group, Equustock and Energex are the wellknown players in the global Wood pellets market, and the 20 players took up about 52% of the global market in 2016. Aoke Ruifeng, DEVOTION, Dalin Biological, Senon Renewable Energy are four of the top suppliers in China; and Enviva, Lignetics, Fram Renewable Fuels, Lignetics, Fram Renewable Fuels, Innogy (RWE) and Drax Biomass International are leader in India; Pinnacle, Rentech, Pacific BioEnergy in Canada and Graanul Invest Group from Latvia are the world key producers of Wood pellets at present.

The Global Wood-Pellets Market Research Report 2018 report released by QYResearch provides a basic overview of the Wood-Pellets industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Wood-Pellets industry development trends and marketing channels were analyzed.Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Full Report Overview@https://www.qyresearch.com/index/detail/25309/global-wood-pellets-market

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