The threats posed by global warming has been gaining strong recognition in the recent past and a number of countries have come together to promote ecofriendly measures. One of the smaller segment of this changing manner of energy generation and consumption is biomass briquettes, which essentially are organic materials ideal for the generation of electricity and heat. Although the market for biomass briquettes has remained confined within the rural parts of developing countries wherein advanced cooking gases such as LPG have not reached adequately, the shift towards greener forms of energy is providing a traction to it. According to a recent business intelligence study by Transparency Market Research (TMR), the demand in the global biomass briquettes market will increment at a steady CAGR during the forecast period of 2017 to 2025.
In comparison to other solid sources of power or fuel, biomass briquettes offer a number of advantages such as highly cost efficient as compared to charcoal, absence of sulfur content, minimal environmental pollution, strong thermal value, moderate ash content in comparison to coal and charcoal, uniformity in combustion, and high efficiency for boilers, which is due to its low moisture content and high nitrogen density.
Which factors will ensure a healthy market for biomass briquettes?
Apart from the paradigm shift towards cleaner forms of energy, the demand in the biomass briquettes market is anticipated to gain traction from its increased usage for industrial boilers as well as government emphasis on renewable energy sources. In addition to that, issues pertaining to the proper storage, transportation, and handling of bio wastes is expected to reflect positively on the biomass briquettes market. Owing to its high combustion rate and strong potential to replace coal in power applications, the demand for biomass briquettes is expected to sustain to a level of profitability in the near future. Government initiatives are another key driver of this market. For instance, India has biomass urja kotdwar since 2009, which encourages usage of biomass briquettes as fuel source for brick and iron production as well as promotes it to restaurants, schools, temples, and hospitals. Kenya’s Chardust Ltd., Combodia’s sustainable green fuel enterprise (SGFE), and Zambia’s emerging cooking solutions (ECS) are a few similar initiatives.
How can the biomass briquettes market be segmented?
Based on product type, the biomass briquettes market can be segmented into sawdust briquettes, wood briquettes, and agro waste briquettes. Application-wise, the market for biomass briquettes can be bifurcated into thermal energy, power generation, and others.
Which regions are showing greater promise in terms of demand?
In the near future, the regions of Asia Pacific, the Middle East and Africa, and Latin America re expected drive the demand in the global biomass briquettes market. In emerging economies such as China and India, biomass is now used for firing up boilers and other power applications. Strong availability of cheap biomass via cost-efficient methods and growth in indigenous production are a few factors driving Asia Pacific biomass briquettes market. That being said, the developed regions of North America and Europe are also likely to maintain a moderate demand for biomass briquettes as the emphasis on ecofriendly alternatives escalates.
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What is the nature of competition in this market?
The global biomass briquettes market is quite fragmented in nature with most of the companies catering to the localized demands. Agrosure Africa Ltd., Carbolife LLC, HT Vietnam Ltd., SAN Portugal SA., Križevci-Produkt D.O.O., Terra Australis LDA, and Shijiazhuang Ningshu Trading CO. are a few notable companies in this market currently ahead of the curve.