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Increasing demand for high-performance lubricants with optimum viscosity has been a vital factor pushing consumption of viscosity index improvers. Although the global market for viscosity index improvers has been projected to US$ 4,699.3 Mn mark by 2029 end, the overall growth outlook would remain sluggish.

Consistently soaring consumption of vehicle lubricants such as engine oil, transmission fluids, and break oil by OEMs and aftermarket operators will continue to significantly contribute to the growth of viscosity index improvers market.

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Viscosity Index Improvers Market​ Key Takeaways

• The demand for lubricants is estimated to reach 40 Mn Tons by the end of 2019.
• The penetration of high performance lubricants in automotive as well as industrial sectors is increasing with growing focus on lubrication for performance efficiency of industrial machinery and automotive components.
• Increasing labelling initiatives have propelled the demand for ISO-grade viscosity lubricants. High-quality lubricants have optimum viscosity, offer corrosion protection, and ensure oxidative stability.
• Major companies are focused on the development of bio-preferred or bio-based products, which are compliant with the changing regulatory scenario. For instance, Croda International Plc is developing ester-based viscosity index improvers, which are bio-preferred.
• High regulatory standards laid down by organizations such as NHTSA & EPA, and growing emphasis on fuel economy have made the usage of viscosity index improvers crucial.
• Viscosity index improvers are commonly used in multi-grade engine oils. Increased adoption of high-performance engines has boosted the demand for high-quality engine oils with appropriate viscosity, which in turn, is positively impacting the growth of the viscosity index improvers market.
• Other industries such as marine, railways, energy & power generation/transmission equipment are also increasing the demand of high-quality lubricants, thus propelling the growth of viscosity index improvers market.

The viscosity index improvers market is witnessing a paradigm shift in terms of innovation and manufacturing, from traditional synthetic products to bio-based or bio-preferred products that are in compliance with regulatory framework. This transition, along with production cost optimization, will drive substantial demand for the product in automotive as well as non-automotive applications.

Viscosity Index Improvers Market: Competition Landscape

According to FMI analysis, the global viscosity index improvers market is moderately consolidated with key market players such as Infenium International Limited, Chevron Oronite LLC, Afton Chemical Corporation, The Lubrizol Corporation, Evonik Industries AG, and Mitsui Chemicals accounting for a significant share in the global market. Leading market players are strategically engaging in the development of close working relations with lubricant manufacturers for ensuring long-term supply contracts.

Changing Regulatory Scenario Encourages Advancements in Lubrication Technology

The demand for viscosity index improvers is directly proportional to the production rate of lubricants. Changing regulatory scenario and imposition of emission standards have led to the development of high-quality lubricants, which has increased the penetration of lubricant additives such as viscosity index improvers. Development of new customized product variants for target applications along with existing products gives a competitive edge to manufacturers.

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What the Report Offers

In its newest market study, Future Market Insights provides decisive analysis on the global viscosity index improvers market and provides significant insights through schematized market research. The report offers in-depth market study of the historical performance from 2014 to 2021, along with forecast statistics for 2022 to 2029. The market study offers comprehensive insights on various aspects of viscosity index improvers market based on product type (Polymethylacrylates, Ethylene Propylene Copolymers, Polyisobutylene, Hydostyrene Diene Copolymer, Others) and application (vehicle lubricants, industrial lubricants, transmission fluids) across the seven regions.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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A recent market study revealed by Future Market Insights on the carbon mold market incorporates global industry analysis for 2014-2021 and market opportunity assessment for the forecast period of 2022-2029. The market study reveals crucial insights and provides an in-depth market analysis for the historical as well as forecast period. As per the market assessment in the report, the global carbon mold market is estimated to witness noteworthy growth due to growing demand from aircraft and automotive manufacturing sectors.

The global carbon mold market reaching a value of about US$ 279.9 Mn by 2022 end and is anticipated to grow with 8.6% CAGR throughout the forecast period, 2022-2029.

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Growing environmental concerns have shifted the trend towards the adoption of renewable energy. Wind energy has revolutionized the renewable energy sector, owing to increasing government support. Carbon molds are used in the manufacturing of lightweight wind turbine blades from carbon fiber and carbon composites. Increasing installations of wind turbines and growing wind energy installation projects across the globe are estimated to propel the demand for carbon molds.

Opportunities Abound in East Asia and South Asia

East Asia and South Asia, led by China and India respectively, are likely to witness substantial growth in commercial as well as defense aerospace sectors. Increasing military budget will primarily affect the defense aircraft manufacturing activities in the region, and it is likely to lead to upsurge in the demand for carbon mold. Installation of wind turbines has increased significantly in recent years, especially in China, India, and ASEAN countries, which will continue to work to the advantage of the carbon mold manufacturers.

Increasing government regulations for the development of fuel-efficient vehicles and aircrafts in North America and Europe, have increased the demand for carbon composites. Predominance of automotive and aerospace industries and increasing adoption of carbon composites make North America and Europe prominent markets for carbon molds.

Carbon Fiber to Remain a Prominent Material Choice

The global carbon mold market has been categorized on the basis of material, different types of mold, and application, along with regions.

• Based on material, carbon fiber is projected to remain the material of choice in the upcoming years, and subsequently hold a prominent share in the global carbon mold market throughout the forecast period.
• On the basis of mold, the female mold is estimated to hold more than half of the market share owing to its cost effectiveness.
• High application potential of carbon mold has been identified in aerospace & defense, followed by automotive & transportation. Increasing incorporation of carbon composites in automotive & aerospace industries is a prime factor responsible for the carbon mold market growth.

Carbon Mold Market: Manufacturer Insights

According to the FMI analysis, the global carbon mold market is heavily fragmented with local and regional players playing key roles. The global carbon mold market report sheds light on few of the key industry players in the global carbon mold market. Some of the examples of key players in the market are MDC Mould & Plastic Co., Ltd., DEXCRAFT, Xiamen Fengjin Mold Industry Co., Ltd., Composite Mouldings Ltd., and DC Composites, among others.

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Key Segments

Material Type

• Carbon Fiber
• Graphite
• Others

Mold Type

• Male
• Female

Application

• Aerospace & Defense
• Automotive & Transportation
• Electronics
• Energy
• Others

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa
• Emerging Countries

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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A new market research report by Future Market Insights on the butyl glycol market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report examines the butyl glycol market and provides critical acuities for the forecast period of 2022-2029. As per findings of the report, the global butyl glycol market is estimated to surpass US$ 3.23 Bn by 2022, and is expected to grow at a CAGR of 3.6% during the forecast period.

Rising demand for paints and coatings is witnessed among the populace of advanced and emerging economies for enhancement of commercial and residential projects, including houses, industrial towers, and others, which is set to drive the butyl glycol market, suggests FMI’s study. In addition, high miscibility and coupling property of butyl glycol with other solvents are making them a great fit for cleaning and maintenance of residential and industrial premises.

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The pursuit of an agent with highly favorable physical and chemical characteristics has been amplifying all across the globe. With regulators imposing restrictions on the utilization of butyl glycol due to its hazardous impact on exposure to humans, FMI’s study finds that market players will need to think of a better substitute to comply with changing industrial and consumer trends as well as environmental amendments.

Consumption of Butyl Glycol as a Solvent Superlative

The requirement of butyl glycol as a solvent is unsurpassed, accounting for more than 70% of total market revenue, suggests FMI’s study. Water-based coatings became prominent in 1980s, with about 70% of building trade coatings being water-based as of now. Vinylic and acrylic water-based paints are the most prominent, containing a small amount of organic solvents, such as butyl glycol. Low volatile organic compound (VOC) content of butyl glycol makes it extremely suitable as a solvent in protective surface coatings, including enamels, spray lacquers, and others, as it does not easily evaporate.

Butyl glycol is miscible in all percentages with a majority of organic solvents, for instance, ketones, aromatic paraffin, among others, and water. Owing to its high dilution ratios and excellent solvency, butyl glycol is sought-after in the production and formulation of inks, and varnishes. Slow evaporation rate of butyl glycol enables improved blush resistance, enhanced luster, bettered flow-out and reduced orange-peel in lacquers.

Developing and target countries are witnessing fast-paced growth in groundwork ventures, such as roads, commercial buildings, among others. Upsurge in residential projects for escalating demographic across the globe is propelling the demands for decorative and durable paints. Cleaning of machine components and other assets in industrial vertical is set to contribute to the demand for butyl glycol on account of its high solubility. Furthermore, butyl glycol is creating space in domestic sector as a constituent of cleaning solutions for its high coupling efficiency.

Despite tremendous demand growth, butyl glycol is likely to see a slight decline in the requirement due to its noxious impact on humans upon subjection. Industrial workers reported to have been suffering from chronic illnesses, including nausea, kidney, and liver damage. Further, to curb this problem, regulators are imposing amendments to reduce the use and import of butyl glycol and its parent compound.

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Key Segment

By Function

• Solvent
• Coalescing Aid
• Chemical Intermediate
• Plasticizer

By Application

• Paints and Coatings
• Printing Inks
• Metal Working Fluid
• Polymer & Plastics
• Others

By Region

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Sales in the global conductive fibers market are slated to top US$ 1.8 Bn in 2022. Expanding at a healthy 11.6% CAGR, the market size is projected to total US$ 4.9 Bn by 2031.

The growth in sales can be attributed to the increasing use of conductive fibers in electromagnetic shielding, in light of growing electromagnetic pollution with the near-ubiquitous use of smartphones, smart watches, and similar electronic devices.

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“Adoption of conductive fibers continues to face technical and commercial challenges w.r.t the sensor size on the technical front and limited awareness on the commercial front. Manufacturers prioritizing their investments in industry-specific development of conductive fiber are likely to add new application dimensions and revenue channels to the market, finds FMI’s report”.

Copper over Silver – The Base Material Shift to Look Out for

Future Market Insights’ study identifies that the conductive fibers market is anticipated to grow at a CAGR of approximately 11.6% through 2031. Manufacturers are shifting away from cotton and wool towards nylon and polyester materials, owing to the growing consumers’ proclivity for synthetic fibers. The study finds that as conductive fibers market operates within the inner circle of the environmental norms, graphene has been emerging as cost-effective, compatible, and environmental-benign coating for the development of e-textiles.

Opportunities abound for conductive fibers manufacturers in Asia Pacific as identified by FMI’s report with the establishment of manufacturing facilities of industries in developing countries such as India and China. Growing investments in the military & defense and aviation & aerospace sectors are likely to navigate the conductive fibers market to lucrative lanes as demand for tech togs and wearable electronics has been on a surge to beat harsh environmental conditions. However, intense focus on revamping the legacy military and defense infrastructure and a quest for technologically-forward equipment for army personnel has been channelizing high investments in the conductive fibers market in North America.

The study points towards the evolving preferences of end-use industries for comfortable plus cost-effective textiles, which has been instigating a shift of manufacturers towards the integration of copper from silver in electronic circuits. The report opines that silver being a rare material is cost prohibitive in nature, which makes copper a suitable material for the development of conductive fibers.

Conductive Fibers Market – Vendor Insights

Some of the leading players in the conductive fibers market encompass Toray Industries, Kuraray Co. Ltd., NV Bekaert SA, Seiren Co. Ltd., William Barnet & Son LLC, Ascend Performance Materials LLC, Perlon Group, Ronda Industrial Belts Technology Ltd., Swicofil, and Syscom Advanced Materials.

These players are focusing on expanding their business by marking their presence in overseas territories. In addition, manufacturers are seen working towards the expansion of their product portfolios by introducing feature-rich conductive fibers. As the study finds, the global conductive fibers market operates under the degree of fragmentation with large number of players striving towards acquiring high market share.

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Conductive Fibers Market – Key Segment

By Reinforced Material

• Copper
• Carbon
• Nickel
• Lead
• Silver
• Others

By Application

• Non-Woven
• Woven
• Knitted

By End Use

• Military & Defense
• Aerospace & Aviation
• Sports & Fitness
• Consumer Electronics
• Protection & Safety
• Fashion & Entertainment
• Transportation
• Architecture
• Industrial Belts

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Surge in demand for synthetic compressor oil from the power generation industry is expected to contribute significantly towards the growth of compressor oil market, finds Future Market Insights (FMI) in a study. According to the report, the market is forecast to exhibit a CAGR of 4.6% by 2031. Growth will continue, especially as the demand for un-interrupted power supply leads to increased spending on power infrastructure. As per FMI, synthetic oil will account for over 50% of sales in 2021. Bullish growth is on cards despite a period of temporary lull following curbs imposed amid COVID-19.

Moreover, the steady recovery of oil & gas industry from downturn is likely to augment sales in the global compressor oil market. The oil & gas industry was heavily impacted owing to muted demand from end-use industries amid ongoing pandemic. Recovering oil & gas demand owing to return of industrial activity is likely to help global compressor oil market grow during the forecast period.

Compressor oil is a highly formulated refined base oil, which contains relatively high performer additives to promote lubrication in various types of compressors. They are available in four different types on the basis of oil types such as synthetic, bio-based, mineral, and semi-synthetic compressor oils. These are designed to provide a long service life, thermal stability, outstanding oxidation performance, resistance to rust & corrosion, controls foam, and water separation and other benefits.

Thermal stability and oxidation resistance of these oils can help to maintain cleaner compressors, thereby enabling long running periods between scheduled maintenance and oil change. The requirement of compressor oil varies considerably based on the compressor type, the environment in which it is used, and the type of gas that is being compressed. These factors will prove crucial for continued growth of the global compressor oil market.

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Key Takeaways from Compressor Oil Market Study

• Driven by the rising demand for reliable & continuous power supply, the compressor oil market will continue expanding, reaching a valuation of US$ 9,298.7 Mn by 2031
• Expansion of power generation and the oil and gas sectors is giving tailwinds to growth in the U.S., which will continue account for over 75% of sales by 2031
• Increasing manufacturing activities are identified as chief drivers of the China market, enabling y-o-y growth at 6.6% in 2021
• Germany and France too will report impressive recovery following a period COVID-19 induced slowdown in the Compressor Oil market
• India’s contribution towards South Asia Pacific market will continue rising, trailed by ASEAN.

“Compressor oil market has a consolidated vendor landscape, primarily dominated by the manufacturers of synthetic oil. Competition however is likely to increase and to gain edge market players are expected to focus on expanding their production capacity. Besides this, some are even undertaking strategic collaborations to expand their footprint globally,” said a lead analyst at FMI.

Compressor Oil Market: Participant Insights

Key manufacturers in the Compressor Oil market, like ExxonMobil Corporation, Royal Dutch Shell Plc., BP Plc, Chevron, Total SA, Sinopec, DOW inc., Fuchs Petrolub AG, BASF SE, Atlas Copco Ltd., Croda International plc, Sasol Limited, UltraChem Inc., Castral, The Refrigerant Oil Company Pty Ltd, Petro‐Canada Lubricants Inc., Carol Petroleum Pvt Ltd, The United Oil Company Inc., Carol Petroleum Pvt Ltd, Kluber Lubrication, ICHIRO CORPORATION CO LTD, JAPAN and others are focused on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Rising Application across Diverse Sectors Remains Key Growth Driver

Increasing demand in oil & gas, power, automotive, and other industries has resulted due to a number of factors such as increasing consumer power, focus on sustainability, urbanization, consolidation, and a growing middle class population. These changes are propelling the demand for investments and economies of scale, which is creating up significant opportunities for compressor oil.

Compressor oil is characterized by rising living standards of people across the globe and increasing household investment in several appliances like refrigerators, AC, and others. These appliances require compressors. Thus, the sales of compressors are anticipated to rise significantly in the near future which will boost the demand of compressor oil. Hence, the rising demand for consumer appliances and increasing industrial infrastructure across the globe are creating significant opportunities for compressor oil manufacturers.

Compressor Oil Market by Category

By Oil Type

• Synthetic Oil
• Mineral Oil
• Semi Synthetic Oil
• Bio Based Oil

By Compressor

• Reciprocating Compressors
• Sliding Vane Compressors
• Centrifugal Compressors
• Screw Compressors
• Rotary Compressors

By End Use

• Oil & Gas
• Automotive
• Power
• Manufacturing and Others

By Sales Channel

• OEM
• Aftermarket

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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Want to Know More?

Future Market Insights has published a market research report on the Compressor Oil market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Compressor Oil market through five different segments- Gas type, by End Use Equipment, by application, By End Use and region.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
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Future Market Insights offers vital insights concerning to the global polyurea coatings market, and delivers exclusive information through structured market research. The report titled, ‘Polyurea Coatings Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029′, estimates the market and forecasts the forthcoming market scenario on the basis of type, isocynate type, application, and region. The global polyurea coatings market was valued nearly US$ 600 Mn in terms of value at the end of 2018, and is expected to surpass US$ 1,500 Mn by the end of the forecast period, registering a CAGR of over 9.0%.

The global polyurea coatings market is segmented on the basis its type into pure polyurea and hybrid polyurea. On the basis of type, the hybrid polyurea segment is a prominent segment in the global polyurea coatings market, as it has a lower price range and also various application areas. However, the pure polyurea coatings segment is projected to witness healthy growth during the forecast period. Rising environmental concerns towards the risks associated with VOC content coatings, and shifting trend towards the adoption of advanced as well as eco-friendly coating technologies to drive the demand for polyurea coatings.

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Rapid Industrial Growth to Propel the Polyurea Coatings Market

Polyurea coatings are primarily used for waterproofing and corrosion-protection purposes. Polyurea coatings are used for the waterproofing of roofs, walls, and floors in the building & construction industry. Polyurea coatings are also used as bridge coatings for corrosion protection as well as waterproofing. Therefore, the growing building and construction industry and increasing infrastructural development, especially in developing nations, are expected to drive the growth of the polyurea coatings market.

Polyurea coatings are used as pipeline coatings, tank coatings, and also for coating machinery & equipment in various industries such as chemicals, oil & gas, mining, water supply & treatment, etc. Hence, rapid industrialization across the globe will positively influence the polyurea coatings market. Increasing environmental awareness pertaining to VOC emissions will act as prime driving factor for the polyurea coatings market. Growing automotive production will elevate the demand for polyurea coatings, as they are used as anti-scratch and anti-corrosive coatings. Growing urban population, rising GDP growth of developing countries, and increased consumer spending are expected to indirectly drive the growth of the polyurea coatings market.

Polyurea coatings cure quickly and are highly reactive. The application of polyurea coatings on wet surfaces may cause poor adhesion on the surface. Thus, the surface requires adequate amount of drying time before the application of a polyurea coating. Moreover, the cost of application of polyurea coatings is much higher, owing to the cost of the spraying equipment. The handling of such equipment requires skilled labourers and technicians. The aforementioned factors might hamper the growth of the polyurea coatings market.

South Asia’s Market for Polyurea Coatings to Witness Lucrative Growth Prospects

From a regional perspective, Europe and North America are prominent markets for polyurea coatings, due to the increasing demand for advanced and eco-friendly coatings because of stringent environmental regulations pertaining to VOC emissions. Increasing government initiatives for the adoption of advanced coating technologies due to rising environmental awareness in regions such as East Asia and South Asia are expected to drive the demand for polyurea coatings in South Asia and East Asia. South Asia is estimated to grow at a CAGR of over 11%.

During the latter half of the forecast period, East Asia is expected to surpass Europe in terms of market value. Also, regions such as Latin America are anticipated to witness substantial growth during the forecast period, due to the growth in building & construction activities and automotive production. Also, the markets in regions such Oceania and the Middle East & Africa are expected to experience healthy growth during the forecast period.

Polyurea Coatings Market: Competition Landscape

Some of the players stated in the study of the global polyurea coatings market are BASF SE, Huntsman Corporation, Teknos Groups, DowDuPont Inc., Versaflex Incorporated, Sherwin Williams Company, Pidilite Industries Ltd., Covestro AG, PPG Industry Inc., and Rhino Linings Corporation, among others.

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Polyurea Coatings Market Taxonomy

The global polyurea coatings market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.

By Type

• Pure Polyurea
• Hybrid Polyurea

By Isocynate Type

• Aromatic
• Aliphatic

By Application

• Building & Construction
• Industrial
• Automotive & Transportation

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
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Future Market Insights’ new market research report titled, ‘Biomass Pellets Market: Global Industry Analysis 2017–2021 and Opportunity Assessment 2022–2032′, investigates the biomass pellets market, and provides critical insights for the forecast period 2022 to 2032. As per the findings of the report, the global biomass pellets market is projected to experience significant growth over the forecast period, because of multiple driving factors such as increasing utilization of biomass pellets in coal-fired boilers in industries, and also in commercial and domestic heating applications.

The global biomass pellets market to reach a size of US$ 19.4 Bn by 2032, and is expected to expand at a CAGR above 6.6% over the forecast period of 2022-2032. Several government policies are being implemented across geographies that are favoring the utilization of efficient bio-fuels such as biomass pellets as a replacement for fossil-based fuels. This has significantly created demand for biomass pellets, and this demand is expected to grow at a very high rate over the forecast period.

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East Asia Projected for Significant Growth Opportunities

Over the past years, Europe has been one of the key prominent regions in terms of the production and consumption of biomass pellets. However, other regions such as East Asia have emerged as lucratively growing regions in the global biomass pellets market. This has resulted from the significant growth of the markets in East Asia countries such as China, South Korea, and Japan.

China is one of the prominent hubs of industries and that use coal-based boilers. This creates ample opportunities of demand for biomass pellets that can be used as a replacement or co-fired with coal in these industries.

Furthermore, the demand in South Korea and Japan for biomass pellets has witnessed a significant hike over the past years. As a consequence, East Asia, as a whole, projects significant growth opportunities for the global biomass pellets market over the forecast period.

Sales of Wood Sawdust-Derived Biomass Pellets to Remain Prominent

The market has been segmented on the basis of different sources of biomass pellet production and on the basis of their multiple end uses, besides the seven prominent regions of the world.

• On a global level, wood sawdust is the prominent source of biomass pellet production. The growth in the sales of biomass pellets from this segment is projected to be significant over the forecast period. However, other sources are expected to gain market share over the forecast period.
• Industries with installed coal-based boilers consume a fair share of the global biomass pellets market volume. This consumption is expected to increase further over the forecast period.
• Government policies regarding carbon emissions from industries are changing across geographies in order to achieve their goals and targets of sustainable development. They have become stricter towards the quantity of carbon emitted from industries. As a consequence, industrialists are bound to use biomass pellets in co-firing applications in order to reduce their carbon content and also the cost expenditure over fuels. As a consequence, prominent demand for biomass pellets is being witnessed from industries on a global level.

BIOMASS PELLETS MARKET TAXONOMY

The global biomass pellets market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.

By Source

• Agricultural Residue
• Wood Sawdust
• Others

By End Use

• Power Generation
• Industrial Heating
• Commercial and Domestic Heating
• Others

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East &Africa

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Biomass Pellets Market: Vendor Insights

The report highlights some of the market players that are prominent and have established themselves as leaders in the global biomass pellets market. Some of the examples of the key players in this market are Drax Biomass Inc., Enviva Partners, LP, German Pellets GmbH, AS Graanul Inves, Pinnacle Renewable Energy Inc., and Abellon CleanEnergy Limited, among others. These players have a diverse set of biomass pellet offerings for industrial, commercial, as well as domestic applications. These players also participate actively in the trade of biomass pellets to reach international markets, and develop by acquiring a diverse clientele across geographies.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com