The white coal market size has grown strongly in recent years. It will grow from $2.87 billion in 2023 to $3.1 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth experienced during the historic period can be attributed to various factors including rural development initiatives, international agreements, fluctuations in fossil fuel prices, and the implementation of carbon pricing mechanisms and emission regulations.
The white coal market size is expected to see strong growth in the next few years. It will grow to $4.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth in the forecast period can be credited to several factors, including the implementation of renewable energy policies, international trade agreements, concerted efforts to mitigate climate change, and the effects of population growth and urbanization. Key trends expected during this period encompass a reduction in overall energy consumption, the adoption of efficient cylindrical bio-coal briquettes, and heightened concerns regarding cybersecurity.
The white coal market is anticipated to experience significant growth owing to the increasing demand for renewable energy sources. Renewable energy, sourced from naturally replenishing materials, is gaining traction due to environmental concerns and favorable economic conditions. White coal, derived from renewable biomass, presents a sustainable alternative to traditional coal. In October 2023, reports from the European Environment Agency indicated a rise in the share of renewable energy in the European Union to 22.5% in 2022, marking a 0.6% increase from 2021. This growth in renewable consumption, totaling 1.4 million metric tons of oil equivalent (Mtoe) between 2021 and 2022, underscores the momentum driving the white coal market forward.
Key players in the white coal market are devising innovative strategies to enhance supply-side bio-coal solutions, aiming to bolster production capacities and introduce new bio-coal products. For instance, in November 2022, SSGE Bio-Energy announced plans to supply bio-coal as an alternative energy source, derived from waste materials such as rice husks or peanut shells. This bio-coal boasts comparable energy value to traditional coal while significantly reducing carbon dioxide emissions by 2.5 metric tons per ton of bio-coal used. Moreover, the production process ensures minimal release of new carbon dioxide into the atmosphere, aligning with sustainability objectives and positioning bio-coal as an environmentally friendly fuel option.
In August 2022, In a strategic move to enhance its technological capabilities, Edge Autonomy, a US-based aerospace and defense firm, acquired Adaptive Energy. This acquisition, undisclosed in amount, is aimed at securing advanced power source technology for autonomous systems, potentially extending operational durations and fostering a competitive advantage. Adaptive Energy, a US-based manufacturer specializing in solid oxide fuel cells and white coal, represents a valuable addition to Edge Autonomy's portfolio, aligning with the company's objectives for technological advancement and market leadership.
Major companies operating in the white coal market are KKR Bio Fuels, Nexgen Energia, Vow ASA, CSC Bio-Coal Sdn Bhd, Vega Biofuels Inc, Balaji Agro Coal lndustries, NextCoal International Inc, VIGIDAS PACK, Global Bio-Coal Energy Inc, TorrCoal, Airex Energy Inc, SSGE Bio-Energy Company Ltd, Hind Bio Coal, BMK Woods LLC, JK Bio Energy, Ronak Agrotech Engineering, Radhe Engineering Co, Lehra Fuel Tech Pvt Ltd, Birquetting Machine Co, Green Fuel India, Eco Stan Ltd., Guru Nanak Agro Industries Inc., Biomass Briquette Systems LLC, Drax Group plc, White Energy Inc.
North America was the largest region in the white coal market in 2023. The regions covered in the white coal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the white coal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
White coal, also known as bio-coal or agro-coal, is a solid fuel derived from the conversion of agricultural waste or biomass into a high-energy density fuel source. This eco-friendly fuel is created by compacting biomass materials such as agricultural residues, wood chips, sawdust, and other organic waste into dense briquettes or blocks. Its production and utilization play a crucial role in reducing carbon emissions and mitigating the environmental consequences associated with the consumption of traditional coal.
The primary types of white coal include pyrolysis, hydrothermal carbonization, and other processes. Pyrolysis is a thermochemical decomposition method that entails heating organic materials such as biomass, plastics, or rubber in the absence of oxygen or with limited oxygen supply. This process encompasses various mining technologies such as surface mining and underground mining and finds applications in diverse sectors including ceramics, chemicals, food and beverage, textiles, power generation, among others.
The white coal market research report is one of a series of new reports that provides white coal market statistics, including white coal industry global market size, regional shares, competitors with a white coal market share, detailed white coal market segments, market trends and opportunities, and any further data you may need to thrive in the white coal industry. This white coal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The white coal market consists of sales of biomass briquettes, wood pellets, torrefied biomass, biochar, charcoal briquettes, and raw materials. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The white coal market size is expected to see strong growth in the next few years. It will grow to $4.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth in the forecast period can be credited to several factors, including the implementation of renewable energy policies, international trade agreements, concerted efforts to mitigate climate change, and the effects of population growth and urbanization. Key trends expected during this period encompass a reduction in overall energy consumption, the adoption of efficient cylindrical bio-coal briquettes, and heightened concerns regarding cybersecurity.
The white coal market is anticipated to experience significant growth owing to the increasing demand for renewable energy sources. Renewable energy, sourced from naturally replenishing materials, is gaining traction due to environmental concerns and favorable economic conditions. White coal, derived from renewable biomass, presents a sustainable alternative to traditional coal. In October 2023, reports from the European Environment Agency indicated a rise in the share of renewable energy in the European Union to 22.5% in 2022, marking a 0.6% increase from 2021. This growth in renewable consumption, totaling 1.4 million metric tons of oil equivalent (Mtoe) between 2021 and 2022, underscores the momentum driving the white coal market forward.
Key players in the white coal market are devising innovative strategies to enhance supply-side bio-coal solutions, aiming to bolster production capacities and introduce new bio-coal products. For instance, in November 2022, SSGE Bio-Energy announced plans to supply bio-coal as an alternative energy source, derived from waste materials such as rice husks or peanut shells. This bio-coal boasts comparable energy value to traditional coal while significantly reducing carbon dioxide emissions by 2.5 metric tons per ton of bio-coal used. Moreover, the production process ensures minimal release of new carbon dioxide into the atmosphere, aligning with sustainability objectives and positioning bio-coal as an environmentally friendly fuel option.
In August 2022, In a strategic move to enhance its technological capabilities, Edge Autonomy, a US-based aerospace and defense firm, acquired Adaptive Energy. This acquisition, undisclosed in amount, is aimed at securing advanced power source technology for autonomous systems, potentially extending operational durations and fostering a competitive advantage. Adaptive Energy, a US-based manufacturer specializing in solid oxide fuel cells and white coal, represents a valuable addition to Edge Autonomy's portfolio, aligning with the company's objectives for technological advancement and market leadership.
Major companies operating in the white coal market are KKR Bio Fuels, Nexgen Energia, Vow ASA, CSC Bio-Coal Sdn Bhd, Vega Biofuels Inc, Balaji Agro Coal lndustries, NextCoal International Inc, VIGIDAS PACK, Global Bio-Coal Energy Inc, TorrCoal, Airex Energy Inc, SSGE Bio-Energy Company Ltd, Hind Bio Coal, BMK Woods LLC, JK Bio Energy, Ronak Agrotech Engineering, Radhe Engineering Co, Lehra Fuel Tech Pvt Ltd, Birquetting Machine Co, Green Fuel India, Eco Stan Ltd., Guru Nanak Agro Industries Inc., Biomass Briquette Systems LLC, Drax Group plc, White Energy Inc.
North America was the largest region in the white coal market in 2023. The regions covered in the white coal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the white coal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
White coal, also known as bio-coal or agro-coal, is a solid fuel derived from the conversion of agricultural waste or biomass into a high-energy density fuel source. This eco-friendly fuel is created by compacting biomass materials such as agricultural residues, wood chips, sawdust, and other organic waste into dense briquettes or blocks. Its production and utilization play a crucial role in reducing carbon emissions and mitigating the environmental consequences associated with the consumption of traditional coal.
The primary types of white coal include pyrolysis, hydrothermal carbonization, and other processes. Pyrolysis is a thermochemical decomposition method that entails heating organic materials such as biomass, plastics, or rubber in the absence of oxygen or with limited oxygen supply. This process encompasses various mining technologies such as surface mining and underground mining and finds applications in diverse sectors including ceramics, chemicals, food and beverage, textiles, power generation, among others.
The white coal market research report is one of a series of new reports that provides white coal market statistics, including white coal industry global market size, regional shares, competitors with a white coal market share, detailed white coal market segments, market trends and opportunities, and any further data you may need to thrive in the white coal industry. This white coal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The white coal market consists of sales of biomass briquettes, wood pellets, torrefied biomass, biochar, charcoal briquettes, and raw materials. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. White Coal Market Characteristics3. White Coal Market Trends and Strategies32. Global White Coal Market Competitive Benchmarking33. Global White Coal Market Competitive Dashboard34. Key Mergers and Acquisitions in the White Coal Market
4. White Coal Market - Macro Economic Scenario
5. Global White Coal Market Size and Growth
6. White Coal Market Segmentation
7. White Coal Market Regional and Country Analysis
8. Asia-Pacific White Coal Market
9. China White Coal Market
10. India White Coal Market
11. Japan White Coal Market
12. Australia White Coal Market
13. Indonesia White Coal Market
14. South Korea White Coal Market
15. Western Europe White Coal Market
16. UK White Coal Market
17. Germany White Coal Market
18. France White Coal Market
19. Italy White Coal Market
20. Spain White Coal Market
21. Eastern Europe White Coal Market
22. Russia White Coal Market
23. North America White Coal Market
24. USA White Coal Market
25. Canada White Coal Market
26. South America White Coal Market
27. Brazil White Coal Market
28. Middle East White Coal Market
29. Africa White Coal Market
30. White Coal Market Competitive Landscape and Company Profiles
31. White Coal Market Other Major and Innovative Companies
35. White Coal Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
White Coal Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on white coal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for white coal? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The white coal market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Pyrolysis; Hydrothermal Carbonization; Other Types2) by Mining Technology: Surface Mining; Underground Mining
3) by Application: Ceramic; Chemical; Food and Beverage; Textile; Power; Other Applications
Key Companies Mentioned: KKR Bio Fuels; Nexgen Energia; Vow ASA; CSC Bio-Coal Sdn Bhd; Vega Biofuels Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- KKR Bio Fuels
- Nexgen Energia
- Vow ASA
- CSC Bio-Coal Sdn Bhd
- Vega Biofuels Inc
- Balaji Agro Coal lndustries
- NextCoal International Inc
- VIGIDAS PACK
- Global Bio-Coal Energy Inc
- TorrCoal
- Airex Energy Inc
- SSGE Bio-Energy Company Ltd
- Hind Bio Coal
- BMK Woods LLC
- JK Bio Energy
- Ronak Agrotech Engineering
- Radhe Engineering Co
- Lehra Fuel Tech Pvt Ltd
- Birquetting Machine Co
- Green Fuel India
- Eco Stan Ltd
- Guru Nanak Agro Industries Inc
- Biomass Briquette Systems LLC
- Drax Group plc
- White Energy Inc
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 3.1 Billion |
Forecasted Market Value ( USD | $ 4.3 Billion |
Compound Annual Growth Rate | 8.5% |
Regions Covered | Global |