Biomass Briquettes Market Overview:
Biomass briquettes usually consist of green waste and other natural materials. These are generally used to create energy, heat, fuel for cooking and industrial boilers with the ultimate goal of producing electricity from steam. The most recognized use of briquettes is found in emerging economies, where energy sources are not as accessible. These compact or strong compounds contain various organic materials, including rice husks, bagasse, crushed walnut shells, urban waste, rural waste or other high-nitrogen waste.
Factors Driving the Growth of Global Biomass Briquettes Market:
The demand for fuel in emerging economies and the improved attractiveness of renewable energy sources are driving the biomass briquette market. However, the low production of energy in relation to other industrial fuels and limited awareness hamper the growth of the market.
Increasing bio-waste production and increasing environmental pollution by burning coal and kerosene to meet the energy needs of developing economies in Asia-Pacific, Latin America and the Middle East should stimulate the global biomass briquette market. It is estimated that the use of biomass briquettes in boilers and energy applications will replace coal and peat from power generation applications, which will prevent the increase in air pollution, thereby, encouraging the use of biomass briquettes.
Global biomass briquettes geographically segmented into Asia Pacific, North America, Europe, Latin America and Middle East and Africa. North America and Europe, followed by Asia Pacific, represented an important part of the biomass briquette market. It is expected that the availability of cheaper biomass, profitable production and increased local production of biomass briquettes will boost the biomass briquette market in Asia-Pacific. Europe and North America have used biomass briquette production technologies to convert bio-waste into useful energy sources.
Key players in Global Biomass Briquettes Market:
Terra Australis LDA, Shijiazhuang Ningshu Trading CO., Križevci-Produkt D.O.O., HT Vietnam Ltd., SAN Portugal SA., Agrosure Africa Ltd., and Carbolife LLC are the major companies actively competing in global market.
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