Webinar: Global Solid Biofuels Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global solid biofuels market.
We are hosting a 40-minute live webinar on the solid biofuels market.
Join us to get the main macroeconomic statistics around the production and trade, and talk over the challenges and the nearest future of the market.
We invite speakers from the industry to share their thoughts on how they are going through this difficult time.
Listen to stories from entrepreneurs from around the world and share yours!
Key Trends and Insights
The solid biofuel sector remained stable during the pandemic, buoyed by existing long-term supply contracts. Despite facing disruptions in supply chains, constrained cash flows, and stagnating investment into new projects, solid fuel producers managed to sustain production levels and keep staff working.
The global pellet market grows rapidly with a CAGR of +11.9% a year over the past 8 years, emerging as the fastest-developing segment on the global solid biofuel market. Europe (44.8%) and North America (29.8%) remain major global pellet manufacturers (IndexBox estimates). China indicated the highest rate of production growth (with a CAGR of +31.1%) over the period from 2012 to 2020. Due to asynchronous quarantine measures in countries , the procurement of raw materials (sawdust) was disrupted, which emerged as a crucial issue for pellet manufacturers during the start of the pandemic in early 2020. Along with the ease of lockdowns in the second half of 2020, the supply chains were gradually readjusted.
The global charcoal market continued to expand at an average annual rate of +1.0% over the past 8 years and estimated at 56M tons (IndexBox estimates). The highest rate of consumption growth was observed in Africa (CAGR, +2.1%), the leading producer of wood charcoal worldwide (62%): in many low-income African countries, charcoal remains the main fuel available for cooking and daily living requirements.
According to IndexBox, the global solid biofuel market is forecast to reach 129.6M tons in the period to 2030 (this includes wood pellets and wood charcoal). The increasing demand for renewable fuels and the shifts towards a circular economy are set to remain the key market drivers. The use of plant residue (rice husks, straw, sugarcane, rapeseed, oil palm, and sugar beet etc.) as a raw material for the production of solid biofuel, is set to become increasingly prominent as a result of the robust crop yield.
Program Director Power and Renewable Energy
Pond, founded in 1965, is a progressive, full-service architecture, engineering, planning and construction firm serving government, corporate and private sector clients throughout the U.S. and globally.
The World Bioenergy Association (WBA) is the global organization dedicated to supporting and representing the wide range of actors in the bioenergy sector. Mission: Promote the increasing utilization of bioenergy globally in an efficient and sustainable way and to support the business environment for bioenergy.
Market Analyst, Editor
For over 10 years now, IndexBox has been conducting market research, completing consulting work, and selling reports.
Energy Markets Global Limited is an international energy consultancy and training company incorporated in the UK.