Pellet Fuel Market 2016 Share, Trend, Segmentation and Forecast Pellet Fuel Market - Global Industry Analysis, Siz

Pellet Fuel Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2016
- 2023
Pellet Fuel Market: Overview
Increasing fossil fuel prices and environmental concerns have laid a direct
implication on the pellet fuel market. According to a recent article published in
Biofuel, Bioproducts and Biorefining (Biofpr) (2009) the wood pellet production in
Europe was more than 10 million metric tons. The EU 2020 policy regarding the
greenhouse gases emission and use of renewable energy resources are likely to
create a positive impact in the pellet fuel market. Increasing natural gas and crude
oil prices can serve as an important factor towards the use of pellet fuels. As per the
biomass magazine the demand for the pellet fuels are directly related to the natural
gas prices.
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Pellet Fuel Market: Segmentation
Segmentation of the pellet fuel market can be done on the basis type of feedstock,
grade, applications and location of pellet fuel using countries. Pellet fuel is made
with the help of compressed biomass. On the basis of the feedstock pellet fuels can
be classified as wood pellets, corn pellets, and grass pellets. Wood pellets are the
most widely used types of pellet fuels. Wood pellets are prepared by the
compression of the left over or the recycled woods.
The Wood pellets are mainly available as standard grade and premium grade.
Standard grade contains 3% ash content and premium grade contain less than 1%
ash content. Corn pellets are similar to wooden pellets in terms of cost to heat
production ratio. Although the technology for the development of the stoves to use
grass pellets is still in development phase, but there are many types of grasses that
can be converted to pellet fuel. Some of the grasses that can be used for the
production of pellet fuel are reed canary grass, switch grass and miscanthus. Pellet
fuels are used in pellet stoves, pellet baskets and furnaces as a source of fuel.
Pellet Fuel Market: Region-wise Outlook
Geographical segmentation can be done on the basis of the location of pellet fuel
consuming countries. Some of the major pellet fuel consumer countries include the
United States (North America), Germany, United Kingdom, Belgium, Italy, Sweden,