USD 157.03 billion
Bio-Coal Market Size, Share, and Growth Analysis
Bio-Coal Market By Type (Woody Biomass, Agricultural Waste), By Technology (Torrefaction, Carbonization), By Application (Power Generation, Residential), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG10G2023 |
Region:
Global |
Published Date: July, 2024
Pages:
178
|Tables:
61
|Figures:
75
Format -
Bio-Coal Market Insights
Bio-Coal Market size was valued at USD 157.03 billion in 2023 and is poised to grow from USD 164.41 billion in 2024 to USD 237.41 billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
Global bio-coal market is expected to experience significant growth in the coming years as more industries and governments look to adopt renewable energy sources and reduce their carbon footprint. Many governments around the world are promoting the use of renewable energy sources and have introduced policies and incentives to encourage the adoption of bio-coal. For example, the European Union has set targets to increase the use of renewable energy to 20% by 2020, and bio-coal is seen as a key contributor to achieving these targets. The growing demand for energy and the increasing dependence on fossil fuels from politically unstable regions have raised concerns about energy security. Bio-coal is seen as a way to reduce dependence on imported fossil fuels and increase energy security. Also, the torrefaction process has been refined and improved in recent years, making bio-coal production more efficient and cost-effective. This has led to a reduction in the production costs of bio-coal, making it more competitive with fossil fuels. Moreover, the increasing demand for bio-coal from various industries such as power generation, cement, and steel production is expected to drive the growth of the bio-coal market in the coming years.
US Bio-Coal Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Woody Biomass
Fastest Growth
Woody Biomass
Growth Rate
4.7% CAGR
Global Bio-Coal Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
Bio-Coal Market Segments Analysis
Global Bio-Coal Market is segmented by Type, Technology, Application and region. Based on Type, the market is segmented into Woody Biomass and Agricultural Waste. Based on Technology, the market is segmented into Torrefaction, Carbonization and Gasification. Based on Application, the market is segmented into Power Generation, Residential, Commercial and Industrial Heating. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Global Bio-Coal Market Analysis by Type
By type, the market is segmented into woody biomass and agricultural waste. The woody biomass segment is expected to dominate the market, as it is the most commonly used feedstock for bio-coal production. Woody biomass refers to wood and woody materials obtained from forests, sawmills, and wood processing industries. It is abundant, easily available, and can be sustainably harvested, making it a popular choice for bio-coal production.
The agricultural waste segment is expected to witness the fastest growth in the coming years. Agricultural waste includes plant residue, animal waste, and other organic waste generated from agricultural activities. The increasing focus on sustainable agriculture and waste management practices, coupled with the availability of large quantities of agricultural waste, is expected to drive the growth of this segment.
Global Bio-Coal Market Analysis by Application
By application, the market can be segmented into power generation, and industrial heating. The power generation segment is expected to dominate the market, as bio-coal is increasingly being used as a renewable and sustainable alternative to fossil fuels in power plants. Bio-coal has a high energy density and low moisture content, making it a more efficient and cost-effective fuel compared to traditional coal. Moreover, bio-coal has lower emissions of greenhouse gases, such as CO2, which makes it an environmentally friendly alternative to traditional coal.
The industrial heating segment is expected to witness significant growth in the coming years. Bio-coal can be used for industrial heating in a wide range of applications, including drying, baking, and heating of materials. The increasing adoption of bio-coal for industrial heating is driven by its cost-effectiveness, high energy density, and lower emissions.
Global Bio-Coal Market Size By Type, 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Bio-Coal Market Regional Insights
North America dominated the global market. The United States is the major consumer of bio-coal in North America, driven by the increasing demand for renewable energy sources and the need to reduce carbon emissions. Additionally, the presence of a well-established biomass industry and supportive government policies and initiatives are expected to contribute to the dominance of the North American market.
APAC is expected to witness the fastest growth in the bio-coal market during the forecast period. The increasing demand for energy, rapid industrialization, and growing population in countries such as China and India are driving the growth of the bio-coal market in the region. Moreover, the increasing adoption of renewable energy sources and supportive government policies and initiatives aimed at reducing carbon emissions are also expected to contribute to the growth of the bio-coal market in APAC.
Global Bio-Coal Market By Geography, 2021-2030
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Bio-Coal Market Dynamics
Global Bio-Coal Market Drivers
Increasing demand for sustainable and eco-friendly fuel alternatives
- One major driver of the global bio-coal market is the increasing demand for sustainable and eco-friendly fuel alternatives. As concerns about climate change and greenhouse gas emissions continue to rise, there is a growing need for renewable energy sources that can help reduce carbon emissions. Bio-coal offers a sustainable and environmentally friendly alternative to traditional coal, as it is produced from biomass sources that are renewable and emit lower levels of CO2. This has led to increased adoption of bio-coal in power generation and other industrial applications, driving the growth of the market.
Global Bio-Coal Market Restraints
High production costs
- One of the key restraints in the global bio-coal market is the high production costs associated with bio-coal production. The production of bio-coal involves complex and energy-intensive processes such as drying, carbonization, and pelletization, which require significant investments in technology and equipment. Additionally, the availability and quality of biomass feedstock can also impact the production costs and overall profitability of bio-coal. These factors can make bio-coal a less competitive option compared to traditional coal and other renewable energy sources, which can limit its adoption and growth in the market.
Request Free Customization of this report to help us to meet your business objectives.
Bio-Coal Market Competitive Landscape
The global bio-coal market is characterized by intense competition among market players. The market is highly fragmented with the presence of several large and small players. Major companies operating in the market are focusing on expanding their production capacities, improving production processes, and developing new bio-coal products to gain a competitive edge. Additionally, partnerships, collaborations, and strategic alliances are also common strategies adopted by companies to expand their market presence and reach new customers. The increasing competition in the market is expected to drive innovation and product development, which can benefit customers and support the growth of the bio-coal market.
Top Players in Bio-Coal Market
- Enviva Inc. (United States)
- Drax Group plc (United Kingdom)
- Peabody Energy Corporation (United States)
- Adaro Energy Indonesia Tbk (Indonesia)
- NLC India Limited (India)
- Chemrec AB (Sweden)
- New Hope Corporation Limited (Australia)
- Whitehaven Coal Limited (Australia)
- Yancoal Australia Limited (Australia)
- Arch Resources, Inc. (United States)
- Consol Energy Inc. (United States)
- South32 Limited (Australia)
- Mitsui & Co., Ltd. (Japan)
- Malabar Resources Limited (Australia)
- BHP Group Limited (Australia)
- Anglo American plc (United Kingdom)
- Rio Tinto Group (United Kingdom)
- Glencore plc (Switzerland)
- Sumitomo Corporation (Japan)
- Marubeni Corporation (Japan)
Bio-Coal Market Recent Developments
- In April 2023, FSE Energy announced a partnership with Malaysian company, TNB Renewables, to develop bio-coal production facilities in Southeast Asia.
- In February 2023, Stobart Group Ltd announced the acquisition of UK-based bio-coal producer, Britaniacrest Recycling Ltd.
- In January 2023, Biomass Secure Power Inc. announced the launch of its new bio-coal product, BSEP Black Gold.
- In August 2022, RWE AG announced the acquisition of a 20% stake in Swedish bio-coal producer, Bioendev AB.
- In July 2022, Ensyn Fuels announced a CAD 30 million funding from the Canadian government to support the development of its bio-coal and bio-oil production facilities.
Bio-Coal Key Market Trends
- One key market trend in the global bio-coal market is the increasing adoption of renewable energy sources and the shift towards a low-carbon economy. Governments across the world are implementing stringent regulations and policies to reduce greenhouse gas emissions and promote clean energy sources. This has led to a surge in demand for sustainable biofuels, including bio-coal. Additionally, advancements in technology and process innovations have made bio-coal production more efficient and cost-effective, further contributing to the growth of the market.
Bio-Coal Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global bio-coal market analysis, the market is witnessing significant growth due to the increasing demand for renewable energy sources and the shift towards a low-carbon economy. The market is segmented by type into woody biomass and agricultural waste, and by application into power generation and industrial heating. The market is highly competitive, with key players including Valmet, Phoenix Energy, and Agri-Tech Producers. Recent developments in the market include partnerships, funding, acquisitions, and launches, indicating the growing interest and investment in the bio-coal sector.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 157.03 billion |
| Market size value in 2032 | USD 237.41 billion |
| Growth Rate | 4.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bio-Coal Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bio-Coal Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Bio-Coal Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bio-Coal Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bio-Coal Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bio-Coal Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
