Global Black Pellets Market By Type (Torrefaction and Steam Explosion), By Application (Power Generation, Heat Generation), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Report Overview

The global black pellets market size is estimated to be worth USD 90.8 million in 2022 and is expected to reach USD 364.15 million, with a CAGR of 14.9% during the review period. Black pellets are made from biomass utilizing several processes, including torrefaction and steam explosion.

It is a type of biomass fuel that is sustainable and can be used in place of fossil coal in power plants to cut carbon emissions dramatically. This method processes the biomass to create solid pellets by removing water, cellulose, carbohydrates, and other volatile organic components. These pellets replicate fossil coal in terms of their qualities.

Global Black Pellets Market Scope:

Type Analysis

Based on type, the black pellets market for Black Pellets worldwide is divided into two segments: Torrefaction and Steam Explosion. The most popular method for creating black pellets is steam explosion since no pollutants are produced while the product is being made. Thus, it is anticipated that there will be a strong demand for steam explosions shortly.

Torrefaction is a thermochemical process that tries to reduce the water and volatile contents of the biomass, increasing some of its fuel qualities. The steam explosion is one of the most effective and widely used pretreatment techniques. Low capital expenditure, modest energy needs, and minimal environmental impact are advantages of steam explosion treatments.

Application Analysis

The black pellet market can be divided into three segments based on application: power generation, heat generation & others. Due to an increase in global energy consumption driven by increased industrialization and urbanization, the power generation segment is anticipated to grow at a considerable CAGR over the forecast period.

Modern economies depend heavily on electricity, contributing to an increasing portion of all energy services. According to the World Energy Outlook 2019, by 2040, the electricity demand will rise at a higher rate, which is twice as fast as the demand for primary energy under implemented policies.

The need for electricity is expected to rise even more due to increasing household incomes, the electrification of transportation and heating, and rising demand for air conditioning and digitally connected appliances.

Power Generation is anticipated to experience a CAGR of about 3.4% during the forecast period. Heat generation is the transformation of one type of energy (such as electrical, chemical, or nuclear) into thermal energy (heat energy). They can be used as a substitute for fossil fuels in many applications.

Кеу Маrkеt Ѕеgmеntѕ

By Type

• Torrefaction
• Steam Explosion

By Application

• Power Generation
• Heat Generation
• Other Applications

Market Dynamics:

The demand for Black Pellets has increased along with the need for packaged foods and the use of packaged meat and poultry products. It prevents the growth of microorganisms and, at the same time, serves as a preservative. Additionally, black pellets’ antibacterial properties aid in preventing grain deterioration.

Black Pellets are one of the most versatile ingredients used in the food business thanks to their functional qualities. In industrial facilities and CHP plants, it serves as a viable alternative to coal and as a supplement to traditional biomass. Their naturally high lignin content causes the compact and cylindrical black pellets to have a high calorific value. Black pellets can be stored outside, unlike other types of pellet fuel.

Global urbanization & industrialization are predicted to be significant factors in the growth of the black pellet industry. Over the past few years, there has been a noticeable rise in the demand for power and heat worldwide, which is anticipated to drive the worldwide black pellets market during the forecast period.

Another significant factor driving the global black pellet market is the implementation of strict laws and regulations to reduce carbon emissions caused by the combustion of fossil fuels and coal. Due to its deployment, companies are now concentrating on producing better, cleaner, and more affordable fuels. Black pellets offer a less expensive & more sterile solution.

The global black pellets market is expected to suffer shortly from an increase in the use of renewable energy sources, including solar, wind, and hydro. Significant growth in investments in renewable energy sources has been observed during the past few years. During the forecast period, this is expected to have a negative impact on the worldwide black pellet market.

COVID-19 Impact Analysis

Over the past ten years, the global market for Black Pellets has grown moderately; however, the abrupt COVID-19 outbreak has caused a severe downturn in the market because of the sharp decrease in the economy. The COVID-19 pandemic temporarily halted all activities, which led to numerous disruptions in production/supply activities, negatively impacting the projected revenues of the black pellets market.

Respective governments even imposed restrictions on the movement of individuals and manufacturing/supply chain activities. Although, these restrictions were relaxed until variants (Delta, Omicron) of this virus began to wreak havoc on the operation of economies again.

Regional Analysis

By region, the black pellets market is geographically divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Among these, the North America region has dominated the market in 2022 and accounted for 34.0% of the revenue share.

The United States is the top user and producer of black pellets globally, and it is projected to dominate the market in North America over the forecast period. Due to an increase in the demand from the local residential and industrial sectors for green energy, the market in the area is expected to grow significantly throughout the projection period.

Due to strict government rules and regulations to control emissions of greenhouse gases and carbon dioxide, the European market is expected to grow significantly during the forecast period. Black pellets are used by a variety of businesses, office buildings, and residential customers because they may be used in place of coal in boilers that burn that fuel.

Soon, Asia Pacific is anticipated to play a significant role in the worldwide black pellets market. Several nations in the region, including China, India, and Japan, are working on numerous initiatives to lower the amount of greenhouse gas (GHG) emissions.

It is anticipated that the black pellet market in the Middle East and Africa will grow steadily throughout the projected period. The black pellets market in these areas is expected to be driven by increasing investments in the generation of bio-based energy during the forecast period.

Key Regions and Countries covered in the rероrt:

• North America
  • The US
  • Canada
  • Mexico
• Europe
  • Germany
  • The UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The black pellets market is assigned to increase product innovation, investments, research and developments, technological breakthrough, and rising competition to expand their customer base. The Black Pellets market is expected to growing the upcoming years. Some of the prominent key players are:

Black Pellets Market Key Рlауеrѕ:

• Zilkha Biomass Energy LLC
• Blackwood Technology B.V.
• Bionet
• Arbaflame
• Airex Energy Inc.
• BioEndev
• ECN
• Thermogen Industries
• The Idemitsu Kosan Company, Ltd.
• Other Key Players