Wood Pellet Market 2017 Key Players, SWOT Analysis, Key Indicators and Forecast to 2027

 

Future Market Insights (FMI) delivers key insights on the wood pellet market in its latest report titled, 'Wood Pellet Market: Global Industry Analysis and Opportunity Assessment, 2017–2027'.According to the report, the global wood pellet market is projected to expand at a healthy CAGR of 8.6% during the forecast period in terms of revenue. Wood pellet can be defined as biofuel made from compressed organic matter or biomass.

Wood pellets can be burned with high combustion efficiency. Wood pellets are usually made from clean conifer sawdust and planer shavings. The wood must have been debarked prior to passing through the sawmill. Dry sawdust and shavings (less than 15% moisture content) are used, because then, the drying step can be skipped.

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Sometimes, a small amount of wood chips are added during the drying process to increase the amount of feedstock; this is then pulverised in the hammer mill. Alternatively, where the production of wood pellets directly from round wood is envisaged, this will require additional debarking and chipping steps in the process, which can significantly add to the cost.

There are basically three types of wood pellet: made out of forest and wood waste, agricultural residue, and others. Due to wood pellets being cost-effective and energy-efficient, they have managed to gain acceptance. Globally, residential, commercial, as well as animal breeders utilize wood pellets to follow efficient-energy practices.

Western Europe is anticipated to exhibit a higher incremental value during the forecast period as compared to other regions. Asia Pacific excluding Japan is projected to register a CAGR of 9.9% over the forecast period, to account for an 8.7% value share by 2027 end. The Middle East and Africa is expected to account for a 0.7% value share in the global wood pellet market by 2017 end. The market in MEA is expected to register a CAGR of 7.4% over the forecast period.

The global wood pellet industry has witnessed major expansion of global key players, with diverse product portfolios. The wood pellet market is highly competitive, with players focusing on a diverse range of offerings based across different features and cost differentiations.

Competitors, with an objective to gain high market share and increase their geographical presence, focus on constant innovation, leaning their distribution chain and improving the penetration of their products by tying up with various industries. Also, companies need to strategically align their offering portfolio considering the end use and application.

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Key Players Focussing on Contracts/Agreements in the Western Europe Wood Pellet Market

 

Western Europe is one of the largest regional wood pellet markets based on consumption, and production is less than consumption in this region. Efforts are being made to increase the production capacity of wood pellets in this region. Swedish softwood lumber supply is estimated to increase over the forecast period, which will help increase the production capacity of wood pellets.

 

Market segmentation

 

The global wood pellet market is segmented into seven key regions:

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa

 

Feedstock type of wood pellet covered in the report are:

• Forest and Wood Waste Resources
• Agricultural Residue and Waste
• Wood pellet based on other feedstock (energy crops, food waste, and virgin lumber)

 

The applications of wood pellet covered in the report are:

• Free-standing Pellet Stove
• Pellet Stove Inserts
• Pellet Boilers

 

On the basis of end use, the global wood pellet market is categorized as:

• Industrial Wood Pellet for CHP/District Heating
• Industrial Wood Pellet for Co-firing
• Wood Pellet for Heating Residential/Commercial
• Others (horse bedding, absorbent)

 

 

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Table Of Content

1. Executive Summary

2. Market Introduction

3. Global Market Analysis 2012-2016 and Forecast 2017-2027

4. North America Market Analysis and Forecast 2017-2027

   

5. Latin America Market Analysis and Forecast 2017-2027

6. Eastern Europe Market Analysis and Forecast 2017-2027

7. Western Europe Market Analysis and Forecast 2017-2027

8. APEJ Market Analysis and Forecast 2017-2027

9. JAPAN Market Analysis and Forecast 2017-2027

10. MEA Market Analysis and Forecast 2017-2027

11. Competitive Assessment

12. Global Market Analysis 2012-2016 & Forecast 2017-2027, By Region

13. Global Market Analysis 2012-2016 & Forecast 2017-2027, By Feedstock Type

14. Global Market Analysis 2012-2016 & Forecast 2017-2027, By Application

15. Global Market Analysis 2012-2016 & Forecast 2017-2027, By End-Use

16. Global Wood Pellet: Research Methodology

17. Global Wood Pellet: Assumptions & Acronyms