Biomass Pellets Market to Expand Steadily with CAGR of 5.9%, Targeting $18.59 Billion by 2033
Biomass Pellets Market Overview 2024-2033
Biomass Pellets Market Growth is projected to reach a value of USD 10.47 billion by 2023 and USD 18.59 billion by 2033, with a compound annual growth rate (CAGR) of 5.9% from 2024 to 2033.
What Are Biomass Pellets?
Biomass pellets are biofuels, generated from organic matter or biomass, such as wood waste and sawdust. These are made from waste materials including tree tops, coconut shells, palm kernel shells, and fruit bunches. When combusted, biomass pellets emit 80% less CO2 than coal and contain lower amounts of sulfur, chlorine, and nitrogen. According to the International Renewable Energy Agency (IRENA), wood pellets have an energy density of 11 gigajoules per m3, compared to 3 gigajoules per m3 for fresh wood and wood chips.
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Biomass Pellets Market Overview 2024-2033
Biomass Pellets Market Growth is projected to reach a value of USD 10.47 billion by 2023 and USD 18.59 billion by 2033, with a compound annual growth rate (CAGR) of 5.9% from 2024 to 2033.
What Are Biomass Pellets?
Biomass pellets are biofuels, generated from organic matter or biomass, such as wood waste and sawdust. These are made from waste materials including tree tops, coconut shells, palm kernel shells, and fruit bunches. When combusted, biomass pellets emit 80% less CO2 than coal and contain lower amounts of sulfur, chlorine, and nitrogen. According to the International Renewable Energy Agency (IRENA), wood pellets have an energy density of 11 gigajoules per m3, compared to 3 gigajoules per m3 for fresh wood and wood chips.
Request for A Sample of This Research Report @ https://wemarketresearch.c...
04:26 AM - Dec 03, 2024 (UTC)
