Global Wood Pellets Industry

Global Wood Pellets Industry

  • April 2021 •
  • 179 pages •
  • Report ID: 6050080 •
  • Format: PDF
Abstract:
- Global Wood Pellets Market to Reach 89.9 Million Tonnes by 2027
- Amid the COVID-19 crisis, the global market for Wood Pellets estimated at 51 Million Tonnes in the year 2020, is projected to reach a revised size of 89.9 Million Tonnes by 2027, growing at aCAGR of 8.4% over the period 2020-2027. Residential, one of the segments analyzed in the report, is projected to record 9% CAGR and reach 48.6 Million Tonnes by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial segment is readjusted to a revised 7.8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 14.7 Million Tonnes, While China is Forecast to Grow at 11.4% CAGR
- The Wood Pellets market in the U.S. is estimated at 14.7 Million Tonnes in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 16.1 Million Tonnes by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 7.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.

- Select Competitors (Total 41 Featured) -
  • Allance Pellet Machinery
  • Andritz AG
  • Drax Group plc
  • Energex
  • Enito Singpellet Pte Ltd
  • Enviva LP
  • F.E. Wood & Sons
  • Georgia Biomass, LLC
  • German Pellets GmbH
  • Pinnacle Renewable Energy Group
  • Rentech, Inc.
  • The Westervelt Company
  • Wood Pellet Energy (UK) LTD