Global Wood Pellet Market (by Applications, Grades & Region): Potential Impact of COVID-19(2020-2024
The major regional and country markets (Europe, Americas, Asia Pacific and Rest of the World) have been analyzed.
By: Koncept Analytics
The global wood pellet market has been segmented on the basis of applications and grades. In the basis of application, the global wood pellet market can be bifurcated into heat (residential & commercial), power and Combined Heat and Power (CHP). According to the grade, the global wood pellet market can be categorized into Utility, Premium and Standard wood pellet. Whereas, in terms of volume, the market is further divided into production and consumption.
The fastest growing regional market is Europe due to increasing consumption of wood pellets for power generation among various industries across developed regions like U.K., Italy, Germany, France, and Belgium, escalating cost of fossil fuels including natural gas and coal, growing demand for heating applications from the both residential and industrial sector and increasing replacement of coal fired power plants with pellet-based plants. Further, the sudden outbreak of COVID-19 is causing an adverse disruption in the business environment, affecting the wood pellet production and consumption, which is expected to negatively impact the growth of the global wood pellet market during the forecasted period.
Scope of the report:
• The report provides a comprehensive analysis of the global wood pellet market segmented on the basis of application, grade and region.
• The major regional and country markets (Europe, Americas, Asia Pacific and Rest of the World) have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Drax Group Plc, Canfor Corporation, Energy Queensland Limited (Energex), Enviva Partners LP, Pinnacle Renewable Energy Inc. and AS Graanul Invest) are also presented in detail.
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