Global Wood-Pellets market is projected to reach 5060 Million US$ by 2025
The Wood-Pellets market was valued at 3870 Million US$ in 2017 and is projected to reach 5060 Million US$ by 2025, at a CAGR of 3.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Wood-Pellets. https://www.qyresearch.com/index/detail/711200/global-wood-pellets-industry-research-report-growth-trends-and-competitive-analysis
The Wood-Pellets market was valued at 3870 Million US$ in 2017 and is projected to reach 5060 Million US$ by 2025, at a CAGR of 3.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Wood-Pellets. https://www.qyresearch.com/index/detail/711200/global-wood-pellets-industry-research-report-growth-trends-and-competitive-analysis
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<strong>Global</strong> <strong>Wood</strong>-<strong>Pellets</strong> <strong>market</strong> <strong>is</strong><br />
<strong>projected</strong> <strong>to</strong> <strong>reach</strong> <strong>5060</strong><br />
<strong>Million</strong> <strong>US$</strong> <strong>by</strong> <strong>2025</strong><br />
QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH<br />
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QYResearch<br />
• <strong>Wood</strong> pellet <strong>is</strong> a solid fuel that <strong>is</strong> produced <strong>by</strong> crushing and<br />
densifying waste timber like sawdust, forestry residues,<br />
industrial <strong>by</strong>products like old paper and forestry wastes. The<br />
length <strong>is</strong> 1-2 cm and the diameter <strong>is</strong> generally 6, 8, 10, or 12mm.<br />
It <strong>is</strong> possible <strong>to</strong> produce 25mm wood pellet at maximum. In<br />
Sweden, 6mm wood pellet <strong>is</strong> encouraged <strong>to</strong> use in house as it can<br />
realize the best condition of combustion. <strong>Wood</strong> pellet production<br />
doesn't need <strong>to</strong> add binder as lignin, an element of wood, plays a<br />
role of binder and helps <strong>to</strong> pelletize when it <strong>is</strong> melted <strong>by</strong> heat.<br />
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QYResearch<br />
The global average price of wood pellets went up in 2012-2014 but<br />
declined in 2014-2016, from about 172 $/MT in 2012 <strong>to</strong> 188 $/MT in<br />
2014 and . And the price rose up in 2017.<br />
North America (USA and Canada) <strong>is</strong> the biggest producer for wood<br />
pellets, and produced about 11.6 billion MT (more than 48% of the global<br />
<strong>to</strong>tal) of wood pellets in 2016. Europe <strong>is</strong> the other key producer of the<br />
wood pellets <strong>market</strong> with the share of about 33%. USA, Canada,<br />
Germany, Russia, Latvia, and China, etc. are other key country producers<br />
of the product, the five <strong>to</strong>ok up more than 70% of the <strong>market</strong>.<br />
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QYResearch<br />
Europe and North America are the two largest consumption <strong>market</strong>s of<br />
wood pellets in the world in the past few years and it will keep the<br />
same position in the next years. Sales volume of the Europe <strong>to</strong>ok up<br />
about 58% the global <strong>market</strong> in 2016 while North America <strong>to</strong>ok up<br />
about 20%. And North America <strong>is</strong> the largest exporter of <strong>Wood</strong><br />
pellets in the world at present. China <strong>is</strong> the third largest <strong>market</strong> in the<br />
report with a consumption share of about 8% in 2016. Other key<br />
<strong>market</strong>s are Korea, Japan, etc. which have the large potential demand.<br />
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QYResearch<br />
The <strong>Wood</strong>-<strong>Pellets</strong> <strong>market</strong> was valued at 3870 <strong>Million</strong> <strong>US$</strong> in<br />
2017 and <strong>is</strong> <strong>projected</strong> <strong>to</strong> <strong>reach</strong> <strong>5060</strong> <strong>Million</strong> <strong>US$</strong> <strong>by</strong> <strong>2025</strong>, at a<br />
CAGR of 3.4% during the forecast period. In th<strong>is</strong> study, 2017<br />
has been considered as the base year and 2018 <strong>to</strong> <strong>2025</strong> as the<br />
forecast period <strong>to</strong> estimate the <strong>market</strong> size for <strong>Wood</strong>-<strong>Pellets</strong>.<br />
Click <strong>to</strong> view the full report:<br />
https://www.qyresearch.com/index/detail/711200/globalwood-pellets-industry-research-report-growth-trends-andcompetitive-analys<strong>is</strong><br />
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