Briquette Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0045929
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 5.78 |
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Briquette Market Analysis Report 2023-2032:
The Briquette Market size is estimated to grow at a CAGR of 7.2% between 2022 and 2032. The market size is forecast to increase by USD 1,245.67 million. The growth of the market depends on several factors, including the rising demand for sustainable and eco-friendly fuel sources, increasing adoption of briquettes in various industries, and the need for reliable and efficient fuel alternatives. A briquette refers to a compressed block of biomass or other organic materials used as a fuel source, offering an environmentally friendly and efficient solution for various applications.
Briquette Market Overview
Drivers:
Moreover, various industries are increasingly adopting briquettes as an alternative fuel source. Industries such as steel, cement, and power generation are using briquettes to replace traditional fossil fuels, reducing both costs and environmental impact. This shift towards sustainable practices is expected to drive the market growth during the forecast period.
Trends:
Additionally, the rising adoption of briquettes in emerging economies is driving market growth. Developing nations are recognizing the benefits of briquettes in addressing energy security and environmental challenges. As governments in these regions promote cleaner energy solutions, the demand for briquettes is expected to surge, creating new opportunities for market players.
Restraints:
Furthermore, market penetration in some regions may be limited due to the lack of awareness and infrastructure for briquette utilization. Education and outreach efforts are essential to promote the benefits of briquettes and encourage their adoption, especially in regions where traditional fuels are dominant. Overcoming these barriers is crucial for sustained market growth.
Briquette Market Segmentation By Application:
The residential heating segment is estimated to witness significant growth during the forecast period. Briquettes are an excellent choice for home heating due to their high energy content, ease of use, and environmental benefits. As consumers seek cleaner and more cost-effective heating solutions, the demand for briquettes in residential applications is expected to rise.
Additionally, the industrial sector is also expected to contribute to the market growth. Industries such as steel manufacturing, brick kilns, and food processing are increasingly adopting briquettes as a substitute for coal and other fossil fuels. Briquettes offer consistent heat output and can be tailored to meet specific industrial requirements, making them a preferred choice for many industrial processes.
Briquette Market Segmentation By Type:
The wood-based briquette segment is witnessing significant growth, driven by the abundant availability of wood residues and the ease of briquette production from wood materials. Wood briquettes are commonly used in residential heating and commercial cooking applications due to their clean combustion and pleasant aroma.
Moreover, the agricultural residue-based briquette segment is also expected to contribute to market growth. Agricultural residues such as crop straw, rice husks, and bagasse are valuable feedstock materials for briquette production. These briquettes find applications in both residential and industrial settings, providing an eco-friendly fuel source.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global briquette market during the forecast period. The region's commitment to environmental sustainability and renewable energy sources drives the demand for biomass briquettes. Additionally, the presence of well-established supply chains and infrastructure supports the growth of the briquette market in North America.
Furthermore, Europe is also expected to witness substantial market growth. European nations are actively promoting the use of biomass-based fuels to reduce carbon emissions and achieve energy security. Government incentives and policies encourage the adoption of briquettes in residential and industrial sectors, fostering market expansion in the region.
In 2020, during the COVID-19 pandemic, the global briquette market experienced some disruptions in supply chains and production. However, as economic activities resumed and environmental concerns remained prominent, the market witnessed a gradual recovery. The growing emphasis on sustainable energy sources in the post-pandemic era is expected to drive the market during the forecast period.
Briquette Market Customer Landscape:
The briquette market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Briquette Market Companies?
Companies in the briquette market are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
- Briquette Co. Ltd.: The company offers a wide range of biomass-based briquettes tailored for residential, industrial, and commercial applications, focusing on eco-friendly and sustainable energy solutions.
- GreenFuel Corp: GreenFuel specializes in the production of agricultural residue-based briquettes, catering to the growing demand for clean and renewable fuel sources.
- EcoHeat Energy Solutions: EcoHeat is a leading player in the residential heating briquette market, offering high-quality wood-based briquettes for efficient and eco-friendly home heating.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- Sustainable Biomass Corporation
- BioEnergy Solutions International
- Clean Energy Fuels
- Biomass Briquette Systems
- Renewable Energy Group
- Agro Briquette Plant
- Green Energy Solutions
- Biomass Briquetting Press
- Biomass Energy Development Group
- EnviroHeat Briquettes
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview:
The briquette market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
- Residential Heating
- Industrial
- Commercial Cooking
- Others
- Type Outlook (USD Million, 2019 - 2032)
- Wood-Based Briquettes
- Agricultural Residue-Based Briquettes
- Other Biomass-Based Briquettes
- Geography Outlook (USD Million, 2019 - 2032)
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Table of Contents
Chapter 1 Briquette Market Overview
1.1 Briquette Definition
1.2 Global Briquette Market Size Status and Outlook (2013-2026)
1.3 Global Briquette Market Size Comparison by Region (2013-2026)
1.4 Global Briquette Market Size Comparison by Type (2013-2026)
1.5 Global Briquette Market Size Comparison by Application (2013-2026)
1.6 Global Briquette Market Size Comparison by Sales Channel (2013-2026)
1.7 Briquette Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Briquette Market Segment Analysis by Player
2.1 Global Briquette Sales and Market Share by Player (2016-2018)
2.2 Global Briquette Revenue and Market Share by Player (2016-2018)
2.3 Global Briquette Average Price by Player (2016-2018)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Briquette Market Segment Analysis by Type
3.1 Global Briquette Market by Type
3.1.1 Bulk Biomass Briquette
3.1.2 Biomass Pellet
3.2 Global Briquette Sales and Market Share by Type (2013-2018)
3.3 Global Briquette Revenue and Market Share by Type (2013-2018)
3.4 Global Briquette Average Price by Type (2013-2018)
3.5 Leading Players of Briquette by Type in 2018
3.6 Conclusion of Segment by Type
Chapter 4 Briquette Market Segment Analysis by Application
4.1 Global Briquette Market by Application
4.1.1 Heating of residential and commercial buildings
4.1.2 District heating and electricity production
4.2 Global Briquette Sales and Market Share by Application (2013-2018)
4.3 Leading Consumers of Briquette by Application in 2018
4.4 Conclusion of Segment by Application
Chapter 5 Briquette Market Segment Analysis by Sales Channel
5.1 Global Briquette Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Briquette Sales and Market Share by Sales Channel (2013-2018)
5.3 Leading Distributors/Dealers of Briquette by Sales Channel in 2018
5.4 Conclusion of Segment by Sales Channel
Chapter 6 Briquette Market Segment Analysis by Region
6.1 Global Briquette Market Size and CAGR by Region (2013-2026)
6.2 Global Briquette Sales and Market Share by Region (2013-2018)
6.3 Global Briquette Revenue and Market Share by Region (2013-2018)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Briquette Market Share by Type
6.4.3 North America Briquette Market Share by Application
6.4.4 United States
6.4.5 Canada
6.4.6 Mexico
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Briquette Market Share by Type
6.5.3 Europe Briquette Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Russia
6.5.9 Spain
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Briquette Market Share by Type
6.6.3 Asia-Pacific Briquette Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Briquette Market Share by Type
6.7.3 South America Briquette Market Share by Application
6.7.4 Brazil
6.7.5 Argentina
6.7.6 Colombia
6.7.7 Chile
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Briquette Market Share by Type
6.8.3 Middle East & Africa Briquette Market Share by Application
6.8.4 Egypt
6.8.5 Saudi Arabia
6.8.6 South Africa
6.8.7 Nigeria
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Briquette Players
7.1 German Pellets
7.1.1 Company Snapshot
7.1.2 Product/Business Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.1.4 Strategy and SWOT Analysis
7.2 Enviva
7.3 Pinnacle Renewable Energy Group
7.4 Pacific BioEnergy Corporation
7.5 Vyborgskaya Cellulose
7.6 Rentech
7.7 Graanul Invest Group
7.8 RWE Innogy
7.9 Lignetics
7.10 E-pellets
7.11 Drax Biomass
7.12 General Biofuels
7.13 BlueFire Renewables
7.14 Pfeifer Group
7.15 Biomass Secure Power
7.16 Viridis Energy
7.17 Westervelt
7.18 Energex
7.19 Fram Renewable Fuels
7.20 Protocol Energy
7.21 Premium Pellet Ltd.
7.22 Granules LG
7.23 Enova Energy Group
7.24 Corinith Wood Pellets
7.25 Maine Woods Pellet
7.26 Appalachian Wood Pellets
7.27 Bear Mountain Forest Prod
7.28 Agropellets
7.29 West Oregon Wood Prod
7.29 West Oregon Wood Prod
Chapter 8 Upstream and Downstream Analysis of Briquette
8.1 Industrial Chain of Briquette
8.2 Upstream of Briquette
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.2.4 Manufacturing Cost Structure
8.2.5 Manufacturing Process
8.3 Downstream of Briquette
8.3.1 Leading Distributors/Dealers of Briquette
8.3.2 Leading Consumers of Briquette
Chapter 9 Development Trend of Briquette (2019-2026)
9.1 Global Briquette Market Size (Sales and Revenue) Forecast (2019-2026)
9.2 Global Briquette Market Size and CAGR Forecast by Region (2019-2026)
9.3 Global Briquette Market Size and CAGR Forecast by Type (2019-2026)
9.4 Global Briquette Market Size and CAGR Forecast by Application (2019-2026)
9.5 Global Briquette Market Size Forecast by Sales Channel (2019-2026)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures
Figure Briquette Example
Figure Global Briquette Revenue (Million $) Status and Outlook (2013-2026)
Figure Global Briquette Revenue (Million $) Comparison by Region (2013-2026)
Figure Global Briquette Sales Comparison by Type (2013-2026)
Figure Global Briquette Sales Comparison by Application (2013-2026)
Figure Global Briquette Sales Comparison by Sales Channel (2013-2026)
Table Global Briquette Sales by Player (2016-2018)
Table Global Briquette Sales Market Share by Player (2016-2018)
Figure Global Briquette Sales Market Share by Player in 2018
Table Global Briquette Revenue (Million $) by Player (2016-2018)
Table Global Briquette Revenue Market Share by Player (2016-2018)
Figure Global Briquette Revenue Market Share by Player in 2018
Table Global Briquette Average Price by Player (2016-2018)
Figure Global Briquette Average Price by Player in 2018
Figure Global Briquette Players Competition Situation - Top 5 Players' Revenue Market Share in 2016
Figure Global Briquette Players Competition Trends - Top 5 Players' Revenue Market Share in 2018
Figure Example of Bulk Biomass Briquette
Figure Global Bulk Biomass Briquette Sales and Growth Rate (2013-2018)
Figure Example of Biomass Pellet
Figure Global Biomass Pellet Sales and Growth Rate (2013-2018)
Table Global Briquette Sales by Type (2013-2018)
Table Global Briquette Sales Market Share by Type (2013-2018)
Figure Global Briquette Sales Market Share by Type in 2018
Table Global Briquette Revenue (Million $) by Type (2013-2018)
Table Global Briquette Revenue Market Share by Type (2013-2018)
Figure Global Briquette Revenue Market Share by Type in 2018
Table Global Briquette Average Price by Type (2013-2018)
Figure Global Briquette Average Price by Type in 2018
Table Leading Players of Briquette by Type in 2018
Figure Example of Heating of residential and commercial buildings
Figure Global Briquette for Heating of residential and commercial buildings Sales and Growth Rate (2013-2018)
Figure Example of District heating and electricity production
Figure Global Briquette for District heating and electricity production Sales and Growth Rate (2013-2018)
Table Global Briquette Sales by Application (2013-2018)
Table Global Briquette Sales Market Share by Application (2013-2018)
Figure Global Briquette Sales Market Share by Application in 2018
Table Leading Consumers of Briquette by Application in 2018
Figure Example of Direct Channel
Figure Global Briquette for Direct Channel Sales and Growth Rate (2013-2018)
Figure Example of Distribution Channel
Figure Global Briquette for Distribution Channel Sales and Growth Rate (2013-2018)
Table Global Briquette Sales by Sales Channel (2013-2018)
Table Global Briquette Sales Market Share by Sales Channel (2013-2018)
Figure Global Briquette Sales Market Share by Sales Channel in 2018
Table Leading Distributors/Dealers of Briquette by Sales Channel in 2018
Table Global Briquette Market Size and CAGR by Region (2013-2026)
Table Global Briquette Sales by Region (2013-2018)
Table Global Briquette Sales Market Share by Region (2013-2018)
Figure Global Briquette Sales Market Share by Region in 2018
Table Global Briquette Revenue (Million $) by Region (2013-2018)
Table Global Briquette Revenue Market Share by Region (2013-2018)
Figure Global Briquette Revenue Market Share by Region in 2018
Table North America Briquette Sales by Country (2013-2018)
Figure North America Briquette Sales Market Share by Country (2013-2018)
Table North America Briquette Revenue by Country (2013-2018)
Figure North America Briquette Revenue Market Share by Country (2013-2018)
Figure North America Briquette Sales Market Share by Type in 2018
Figure North America Briquette Sales Market Share by Application in 2018
Figure United States Briquette Sales and Growth Rate (2013-2018)
Figure United States Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Canada Briquette Sales and Growth Rate (2013-2018)
Figure Canada Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Mexico Briquette Sales and Growth Rate (2013-2018)
Figure Mexico Briquette Revenue (Million $) and Growth Rate (2013-2018)
Table Europe Briquette Sales by Country (2013-2018)
Figure Europe Briquette Sales Market Share by Country (2013-2018)
Table Europe Briquette Revenue by Country (2013-2018)
Figure Europe Briquette Revenue Market Share by Country (2013-2018)
Figure Europe Briquette Sales Market Share by Type in 2018
Figure Europe Briquette Sales Market Share by Application in 2018
Figure Germany Briquette Sales and Growth Rate (2013-2018)
Figure Germany Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure UK Briquette Sales and Growth Rate (2013-2018)
Figure UK Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure France Briquette Sales and Growth Rate (2013-2018)
Figure France Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Italy Briquette Sales and Growth Rate (2013-2018)
Figure Italy Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Russia Briquette Sales and Growth Rate (2013-2018)
Figure Russia Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Spain Briquette Sales and Growth Rate (2013-2018)
Figure Spain Briquette Revenue (Million $) and Growth Rate (2013-2018)
Table Asia-Pacific Briquette Sales by Country (2013-2018)
Figure Asia-Pacific Briquette Sales Market Share by Country (2013-2018)
Table Asia-Pacific Briquette Revenue by Country (2013-2018)
Figure Asia-Pacific Briquette Revenue Market Share by Country (2013-2018)
Figure Asia-Pacific Briquette Sales Market Share by Type in 2018
Figure Asia-Pacific Briquette Sales Market Share by Application in 2018
Figure China Briquette Sales and Growth Rate (2013-2018)
Figure China Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Japan Briquette Sales and Growth Rate (2013-2018)
Figure Japan Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Korea Briquette Sales and Growth Rate (2013-2018)
Figure Korea Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure India Briquette Sales and Growth Rate (2013-2018)
Figure India Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Southeast Asia Briquette Sales and Growth Rate (2013-2018)
Figure Southeast Asia Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Australia Briquette Sales and Growth Rate (2013-2018)
Figure Australia Briquette Revenue (Million $) and Growth Rate (2013-2018)
Table South America Briquette Sales by Country (2013-2018)
Figure South America Briquette Sales Market Share by Country (2013-2018)
Table South America Briquette Revenue by Country (2013-2018)
Figure South America Briquette Revenue Market Share by Country (2013-2018)
Figure South America Briquette Sales Market Share by Type in 2018
Figure South America Briquette Sales Market Share by Application in 2018
Figure Brazil Briquette Sales and Growth Rate (2013-2018)
Figure Brazil Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Argentina Briquette Sales and Growth Rate (2013-2018)
Figure Argentina Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Colombia Briquette Sales and Growth Rate (2013-2018)
Figure Colombia Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Chile Briquette Sales and Growth Rate (2013-2018)
Figure Chile Briquette Revenue (Million $) and Growth Rate (2013-2018)
Table Middle East & Africa Briquette Sales by Country (2013-2018)
Figure Middle East & Africa Briquette Sales Market Share by Country (2013-2018)
Table Middle East & Africa Briquette Revenue by Country (2013-2018)
Figure Middle East & Africa Briquette Revenue Market Share by Country (2013-2018)
Figure Middle East & Africa Briquette Sales Market Share by Type in 2018
Figure Middle East & Africa Briquette Sales Market Share by Application in 2018
Figure Egypt Briquette Sales and Growth Rate (2013-2018)
Figure Egypt Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Saudi Arabia Briquette Sales and Growth Rate (2013-2018)
Figure Saudi Arabia Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure South Africa Briquette Sales and Growth Rate (2013-2018)
Figure South Africa Briquette Revenue (Million $) and Growth Rate (2013-2018)
Figure Nigeria Briquette Sales and Growth Rate (2013-2018)
Figure Nigeria Briquette Revenue (Million $) and Growth Rate (2013-2018)
Table Company Snapshot of German Pellets
Table Briquette Introduction of German Pellets
Table Briquette Sales, Price, Revenue, Gross Margin and Market Share of German Pellets (2016-2018)
Table Industrial Chain of Briquette
Table Manufacturing Cost Structure of Briquette
Table General Manufacturing Process of Briquette
Table Leading Distributors/Dealers of Briquette
Table Leading Consumers of Briquette
Figure Global Briquette Sales and Growth Rate Forecast (2019-2026)
Figure Global Briquette Revenue and Growth Rate Forecast (2019-2026)
Table Global Briquette Market Size and CAGR Forecast by Region (2019-2026)
Table Global Briquette Market Size and CAGR Forecast by Type (2019-2026)
Table Global Briquette Market Size and CAGR Forecast by Application (2019-2026)
Table Global Briquette Market Size and CAGR Forecast by Sales Channel (2019-2026)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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