Global Biomass Charcoal Market Overview:
Biomass charcoal also called bio-coal or bio-charcoal used for various residential and commercial purposes has high calorific value and can be used in variety heating environments. The emerging demand for charcoal to produce activated carbon is widely used in the filtration industry, it is also used for generating electricity from steam produced by heating. The surging demand from developing countries is increasing, however, the regulatory guidelines, adverse environment affects might be the hindrance for the market.
As per latest study released by AMA Research, the Global Biomass Charcoal market is expected to see growth rate of 7.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Surging Demand for Biomass Charcoal in Restaurants and Hotels
Market Growth Drivers:
Increasing Demand for the Production of Activated Carbon from the Filtration Industry and Rising Demand for Biomass Charcoal for Producing Electricity from Steam
Challenges:
Regulatory Factors Associated with Biomass Charcoal
Restraints:
Adverse Effects of Biomass Charcoal on Environment and Depletion of Natural Resources
Opportunities:
Emerging Demand for Charcoal for Households and Small industries From Developing Countries
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Some of the key players profiled in the report are German Pellets GmbH (Germany), Enviva Partners, LP (United States), Pinnacle Renewable Energy Inc. (Canada), Pacific BioEnergy (Canada), AS Graanul (Estonia), Lignetics Inc. (United States), Drax Group plc (United States), General Biofuels Inc. (United States), BlueFire Renewables (United States), Biomass Secure Power Inc. (Canada), Fram Renewable Fuels, LLC (United States) and Premium Pellet Ltd. (Canada). Additionally, following companies can also be profiled that are part of our coverage like Granules LG (Canada), Maine Woods Pellet Co. (United States) and Agro Pellets (Spain). Considering Market by Distribution Channels, the sub-segment i.e. Online will boost the Biomass Charcoal market.
Latest Market Insights:
In March 2023, Australian company Biochar Industries launched "Biochar BBQ Briquettes," made from sustainably sourced wood waste and offering extended burning time and reduced emissions compared to traditional charcoal.
What Can be Explored with the Biomass Charcoal Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Biomass Charcoal Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Biomass Charcoal
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Biomass Charcoal market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Biomass Charcoal market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Biomass Charcoal Producers, Biomass Charcoal International Traders, Biomass Charcoal Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Upstream and Downstream Buyers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.