市場調查報告書
商品編碼
946511

木質顆粒市場增長,趨勢,預測(2020-2025)

Wood Pellet Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

出版日期: | 出版商: Mordor Intelligence Pvt Ltd | 英文 142 Pages | 商品交期: 2-3個工作天內

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  • 全貌
  • 簡介
  • 目錄
簡介

在預測期內,預計木質顆粒市場的複合年增長率將超過5.5%。市場的主要驅動力包括提高人們對將可再生能源用於住宅和商業供暖的認識,尤其是在歐洲地區。但是,在世界不同地區,越來越多的替代可再生能源(例如光伏,風能和地熱)的採用和部署會阻礙市場在預測期內的增長。

  • 發電應用領域將在2019年佔據很大的市場佔有率,並有可能在預測期內壟斷市場。 根據世界生物能源協會的說法,木質顆粒可以替代發電廠中的煤炭。隨著最新技術的發展,木質顆粒通過各種工藝(例如焙燒,水熱碳化,蒸汽爆炸)經歷了幾次熱升級。通過熱升級,木質顆粒可以用作具有煤炭特性的燃料。亞太地區擁有世界上燃煤電廠最多的地區,預計在不久的將來將為市場提供增長機會。
  • 由於2019年木屑顆粒的大規模生產,預計歐洲將在預測期內主導市場。
該報告對木質顆粒市場進行了調查,並概述了該市場,按應用和地區劃分的趨勢以及進入該市場的公司的概況。

內容

第1章簡介

第2章執行摘要

第3章調查方法

第四章市場概述

  • 簡介
  • 到2025年的市場規模和需求預測(十億美元)
  • 近期趨勢和發展
  • 政府政策和法規
  • 市場動態
    • 促進要因
    • 抑制因子
  • 供應鏈分析
  • 波特的五力分析

第5章市場細分

  • 用途別
    • 加熱
    • 發電
  • 按地區
    • 北美
    • 歐洲
    • 亞太地區
    • 南美洲
    • 中東/非洲

第6章競爭情況

  • 合併與收購,合資企業,合夥企業和合同
  • 主要公司採用的策略
  • 公司簡介
    • Enviva Partners LP
    • AS Graanul Invest
    • Drax Group Plc
    • Pinnacle Renewable Energy Inc
    • AN Viet Phat Energy Co. Ltd
    • International Woodfuels LLC
    • Energex American Inc.

第7章市場機會和未來趨勢

目錄
Product Code: 70140

The global wood pellet market is estimated to be USD 10.52 billion in 2020, and it is expected to reach USD 15.63 billion by 2026, at a CAGR of 7.28% during 2021-2026. Due to the COVID-19 pandemic, the market witnessed reduced demand and shortages of raw materials. However, Asia significantly had a low impact due to the already existing oversupply and suppressed consumption. The primary drivers for the market include increasing demand for wood pellets in clean energy generation, especially in the European region. However, the adoption and increasing deployment of alternative renewable energy sources such as solar photovoltaic, wind energy, and geothermal in various parts of the world is likely to hinder the market growth during the forecast period.

Key Highlights

  • The heating application held a significant market share in 2020, and it is likely to dominate the market during the forecast period.
  • As per the World Bioenergy Association, wood pellets have the potential for replacing coal in power generation facilities. With technology development in recent years, wood pellets have undergone some thermal upgrading through various processes like torrefaction, hydrothermal carbonization, and steam explosion. The thermal upgrading enables wood pellets to act as a fuel with coal properties. The Asia-Pacific region with the highest number of coal power plants in the world is expected to be an opportunity for the market to grow in the near future.
  • With a significant production of wood pellets during 2020, Europe is expected to dominate the market during the forecast period.

Key Market Trends

Wood Pellets for Heating Application to Dominate the Market

  • Pellets are a solid biomass fuel, primarily produce from wood residues and agricultural by-products like straw. Specific advantages of pellets as compared to unprocessed biomass include standardized properties, high energy content, and high density.
  • Wood pellets for heating applications are primarily used in residential and commercial sectors for food, cooking and grilling, and supplying heat to homes. Since the cost of pellets remained cheaper than that of other fuels for a long time, it becomes a more economic option, addressing the primary concern of the residential and commercial sectors. In addition to this, in 2020, the wood pellets due to oversupply experienced a sharp decline in their prices.
    • In 2019, wood pellet consumption for heating application was majorly observed in Europe, followed by North America and Asia.
  • As a renewable energy source, wood pellets have received subsidies and incentives from the governments in many countries, and many countries either launched or updated their policies and schemes related to wood pellets for heating applications in recent years.
  • For instance, in January 2021, a new Wood and Pellet Heater Investment Tax Credit (ITC) came into effect in the United States, under which consumers buying highly efficient wood, or pellet stoves or larger residential biomass heating systems can claim a 26% tax credit that is uncapped and based on the full cost (purchase and installation) of the unit.

Europe to Dominate the Market

  • In Europe, EU countries are a significant producer as well as consumer of wood pellets. The EU currently has approximately 25 million metric tons of wood pellet production in place, with capacity use at 74 %. As of 2019, the EU has registered a modest 5% increase in production.
  • Europe's demand for wood pellet is expected to increase by 30-40% between 2021 to 2026. Europe represents more than 50% of global pellet demand. As of 2020, European nations' use of pellets includes residential heating (40%), power plants (36%), commercial heating (14%), and combined heat and power plants (10%). Moreover, pellets have also made their way into coal conversion projects in local authority or public administration buildings such as schools and offices.
  • As of 2020, most of the co-firing power stations have either closed or converted since these early projects, with several making a move to 100% wood pellets for fuel. The largest of these is Drax Power Station in North Yorkshire, which has converted four of its six 65 MWe generating units to run exclusively on biomass and is currently evaluating options for its remaining two coal-fired units.
  • As of 2020, sawmill residues make up 85% of the mix for wood pellet production, followed by roundwood (13%) and recovered wood (2%). Although the wood residues are likely to remain an important feedstock, especially in northern and western Europe, they will not be sufficient to meet the future fiber demand from the growing wood pellet sector.
  • As a result, Europe will likely draw upon the experience of North American producers, who have shown it is possible to use more forest residues as fiber furnish. Additionally, the countries in the region are likely to increase their wood pellet imports as well.

Competitive Landscape

The wood pellet market is moderately consolidated. Some of the key players in the market include Enviva Partners LP, AS Graanul Invest, Drax Group Plc, Fram Renewable Fuels LLC, Segezha Group JSC, Lignetics Inc., among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Maket Size and Demand Forecasts in USD billion, till 2026
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Heating
    • 5.1.2 Power Generation
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Europe
    • 5.2.3 Asia-Pacific
    • 5.2.4 South America
    • 5.2.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Enviva Partners LP
    • 6.3.2 AS Graanul Invest
    • 6.3.3 Drax Group Plc
    • 6.3.4 Fram Renewable Fuels LLC
    • 6.3.5 Segezha Group JSC
    • 6.3.6 Lignetics Inc.
    • 6.3.7 Biopower Sustainable Energy Corp.
    • 6.3.8 Asia Biomass Public Company Limited

7 MARKET OPPORTUNITIES AND FUTURE TRENDS