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According to our LPI (LP Information) latest study, the global Briquette market size was valued at US$ 968.3 million in 2023. With growing demand in downstream market, the Briquette is forecast to a readjusted size of US$ 1658.1 million by 2030 with a CAGR of 8.0% during review period.
The research report highlights the growth potential of the global Briquette market. Briquette are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Briquette. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Briquette market.
Briquette is made of agricultural and forestry residues such as rice stalk, straw, cotton stalk, bamboo sawdust, wood flour, ramie stalk, peanut husk, etc. It is produced by pellet machines or briquetteing machines, after going through several processing procedures, such as crushing, drying, mixing, molding or compressing, etc. And the final products are pellets and briquettes, which are used as a replacement for coal, gasoline gas and other traditional fossil fuels. Compared to fossil fuels, biomass molding fuel produce low net total greenhouse gas emissions because the materials used are already a part of the carbon cycle.
According to the international ISO 17225 STANDARD, solid biofuels, fuel specifications and classes, a briquette is a "densified biofuel made with or without additives, having a cubic, prismatic or cylindrical shape, with a 25 mm diameter, produced from woody biomass compression or crushed herb."
As the technology of Briquette is relatively mature and the downstream market, thus there are lots of enterprises in the Briquette market. The Briquette market competition will be still intense. BIOMAC is the leading manufacturer in the global Briquette market with the market share of 2%, in terms of revenue, followed by BMK Woods, BIOGRA, Biomass-wood, VIGIDAS PACK, Wood Energo, BALT WOOD, Green Biocoal, SGFE, Chardust, Global Woods Group, Ko?al, Well Seasoned Wood, Lignetics, Real Tech Engineering, Zhengzhou Xindi, Norfolk Oak, Brennholzlieferant and EcoBlaze. These leading 8 companies accounted for nearly 17% of the market share.
Briquette industry is relatively concentrated, production along with consumption are mainly concentrated in developed region, including Europe and North America, while APAC region is growing at the highest CAGR recent years.Europe is forecasted to accounted for more than 49% of market share.
Key Features:
The report on Briquette market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Briquette market. It may include historical data, market Segmentation by Type (e.g., Solid Cylindrical Type, RUF Type), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Briquette market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Briquette market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Briquette industry. This include advancements in Briquette technology, Briquette new entrants, Briquette new investment, and other innovations that are shaping the future of Briquette.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Briquette market. It includes factors influencing customer ' purchasing decisions, preferences for Briquette product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Briquette market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Briquette market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Briquette market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Briquette industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Briquette market.
Market Segmentation:
Briquette market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Solid Cylindrical Type
- RUF Type
- Pini-Kay Type
Segmentation by application
- Power Generation
- Residential and Commercial Heating
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- BIOMAC
- BMK Woods
- BIOGRA
- Biomass-wood
- VIGIDAS PACK
- Wood Energo
- BALT WOOD
- Green Biocoal
- SGFE
- Chardust
- Global Woods Group
- Ko?al
- Well Seasoned Wood
- Lignetics
- Real Tech Engineering
- Zhengzhou Xindi
- Norfolk Oak
- Brennholzlieferant
- EcoBlaze
Key Questions Addressed in this Report
What is the 10-year outlook for the global Briquette market?
What factors are driving Briquette market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Briquette market opportunities vary by end market size?
How does Briquette break out type, application?