Market Forecast by Countries (United States, Canada), By Source (Agro waste Briquettes, Sawdust Briquettes, Wood Briquettes), By Application (Industrial, Household) And Competitive Landscape
Product Code: ETC075234 | Publication Date: Aug 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Biomass Briquette Market |
Forecast Period | 2025-2031 |
Market Size | USD 3.2 billion by 2031 |
CAGR | 6.5% |
Growing Sector | Industrial |
North America Biomass Briquette Market report thoroughly covers the market by source, by application and key countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Biomass Briquette Market Size has experienced substantial growth and shows promise for continued expansion due to increasing demand for renewable energy sources and sustainable practices. Biomass briquettes, made from various organic materials such as agro-waste and sawdust, have become a viable alternative to conventional fossil fuels, offering significant environmental benefits.
With a growing focus on reducing greenhouse gas emissions, biomass briquettes are considered an effective solution in both industrial and residential applications. By 2031, the market is projected to reach a valuation of USD 3.2 billion, with a CAGR of 6.5% during the forecast period, indicating a steady growth trajectory that aligns with the region's increasing commitment to cleaner energy solutions.
North America Biomass Briquette Market has been witnessing significant growth in recent years, primarily driven by increasing demand for sustainable and renewable energy sources. Biomass briquettes, made from agricultural and forestry waste, offer an eco-friendly alternative to traditional fossil fuels. The market is supported by rising environmental concerns, government initiatives promoting clean energy, and the push for carbon emission reductions. Industries, including heating, power generation, and residential sectors, are adopting biomass briquettes to replace coal and other non-renewable fuels. Additionally, advancements in briquetting technologies and innovations in biomass production are boosting the market's potential for future growth. However, challenges such as inconsistent raw material supply and initial production costs may pose hurdles for market expansion.
According to 6Wresearch, the North America Biomass Briquette Market is forecast to grow at a remarkable growth rate, reaching a CAGR of 6.5% during the forecast period 2025-2031. This market is primarily propelled by an increasing shift towards renewable energy sources due to concerns about climate change and environmental sustainability. Governments in both the United States and Canada are placing greater emphasis on reducing carbon emissions and encouraging the use of alternative fuels, creating an optimal environment for the growth of the biomass briquette market.
In particular, the adoption of agro waste briquettes and wood briquettes is rising in both industrial and residential sectors. This can be attributed to the abundant availability of raw materials and the cost-effectiveness of these briquettes compared to conventional fuels. Moreover, technological advancements in briquette production processes are improving efficiency and lowering production costs, making biomass briquettes a more attractive option for industries and households alike. The strong focus on energy diversification and sustainability in North America suggests that the market will continue to experience strong growth.
While the North America Biomass Briquette Industry presents significant opportunities, it also faces challenges that could hinder growth. A key obstacle is the high initial cost associated with the setup of biomass briquette production facilities, which can limit the ability of new players to enter the market. Furthermore, the logistics of sourcing raw materials—such as agricultural waste and wood residue—can be complex and costly, particularly in areas with less access to these resources. Biomass briquettes also face competition from other alternative energy sources, such as natural gas, solar, and wind energy, which could potentially limit their widespread adoption, particularly in urban and industrial areas where other renewable energy options are readily available. Additionally, while biomass briquettes are considered a cleaner alternative to fossil fuels, their production process still requires energy, which can offset some of their environmental benefits if not sourced sustainably. This remains a challenge for the industry's future growth.
North America Biomass Briquette Market Trends indicate that both industrial and residential demand for biomass briquettes is increasing, particularly in areas where there is a growing focus on sustainable energy solutions. In the industrial sector, wood briquettes and agro waste briquettes are becoming increasingly popular due to their high energy density and the growing availability of raw materials. Biomass briquettes are widely used in power generation plants, manufacturing, and district heating systems. On the residential front, biomass briquettes are gaining popularity as an alternative heating source, especially in rural and suburban areas where traditional energy options may be more expensive or less accessible. Furthermore, technological advancements in briquette compression and production techniques are making biomass briquettes more cost-effective and efficient, helping to drive their adoption across a wider range of applications. Moreover, sustainability trends are pushing more consumers and industries to adopt renewable energy solutions, further boosting the demand for biomass briquettes.
North America Biomass Briquette Industry presents numerous investment opportunities, particularly in the development of biomass briquette production technologies and the expansion of production facilities. With the increasing emphasis on renewable energy sources and government incentives for sustainable energy solutions, investors are encouraged to explore the potential of biomass briquettes as a long-term growth area. Investment in production infrastructure—including briquette manufacturing plants and waste collection systems—presents a significant opportunity.
Additionally, there is a growing potential for investment in companies that focus on producing agro waste briquettes, which offer an environmentally sustainable option with abundant feedstock. Given the rising demand for cost-effective heating solutions and renewable energy in both residential and industrial sectors, investors can capitalize on the growing consumer preference for biomass briquettes in various applications.
North America Biomass Briquette Market is characterized by the presence of both established players and emerging companies. Key players in the market include Enviva, Drax Biomass, Rentech, Biomass Secure Power, and FutureMetrics. These companies are at the forefront of developing and producing biomass briquettes, with an increasing focus on sustainable practices and technological advancements.
The leading companies are investing heavily in expanding production capacities and improving the efficiency of briquette manufacturing processes. Additionally, many of these companies have formed strategic partnerships with agricultural producers and waste management firms to secure a steady supply of raw materials for briquette production. Their continued focus on sustainability and expanding production capacity will help them maintain a strong position in the market.
Government initiatives play a crucial role in supporting the growth of the North America Biomass Briquette Market. In both the United States and Canada, policies and incentives are being introduced to promote the use of renewable energy sources, including biomass briquettes. In the U.S., federal tax credits and subsidies for renewable energy technologies are encouraging businesses to adopt biomass briquettes as an alternative fuel source.
Additionally, various states have implemented renewable energy mandates, which drive the adoption of biomass for heating and power generation. In Canada, provinces such as British Columbia and Ontario have adopted similar initiatives, offering grants and incentives to businesses that produce and use biomass-based products. These initiatives contribute to the North America Biomass Briquette Market Growth by making biomass briquettes a more affordable and accessible energy source, ultimately supporting the transition to a more sustainable energy landscape.
North America Biomass Briquette Market is set for continued growth, driven by technological innovation and increasing adoption in both industrial and residential sectors. As the region strives to meet carbon reduction targets, the demand for renewable energy sources like biomass briquettes is expected to rise significantly. The market will also benefit from further advancements in briquette production processes, which will increase efficiency and lower the overall cost of biomass briquettes, making them more accessible to a wider range of consumers and businesses.
Moreover, the increased focus on energy independence and green energy solutions will push North American companies to invest more in the development and distribution of biomass briquettes, ensuring that the market remains competitive. With continued government support for renewable energy projects and the growing trend towards eco-friendly alternatives, the future of the biomass briquette market looks promising.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ayushi, Senior Research Analyst, 6Wresearch, the agro waste briquettes are the dominant category in North America. These briquettes are primarily made from residues of agricultural processes, such as corn stalks, rice husks, and sugarcane bagasse. The prevalence of agro waste in the region, especially in the U.S. and Canada, coupled with increasing focus on sustainability and waste reduction, makes agro waste briquettes highly popular.
In terms of application, the industrial segment is the dominant category in the North America Biomass Briquette Market. The increasing demand for clean and cost-effective energy in industries such as power generation, cement production, and manufacturing makes biomass briquettes, particularly wood briquettes and agro waste briquettes, an attractive alternative to traditional fossil fuels.
United States currently dominates the North America Biomass Briquette Market Share, contributing significantly to both production and consumption. This dominance is attributed to the country’s large agricultural sector, which provides a steady supply of biomass raw materials such as wood chips, sawdust, and agricultural residues.
The market report covers the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Biomass Briquette Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Biomass Briquette Market Revenues & Volume, 2021 & 2031F |
3.3 North America Biomass Briquette Market - Industry Life Cycle |
3.4 North America Biomass Briquette Market - Porter's Five Forces |
3.5 North America Biomass Briquette Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Biomass Briquette Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 North America Biomass Briquette Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 North America Biomass Briquette Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Biomass Briquette Market Trends |
6 North America Biomass Briquette Market, 2021 - 2031 |
6.1 North America Biomass Briquette Market, Revenues & Volume, By Source, 2021 - 2031 |
6.2 North America Biomass Briquette Market, Revenues & Volume, By Application, 2021 - 2031 |
7 United States Biomass Briquette Market, 2021 - 2031 |
7.1 United States Biomass Briquette Market, Revenues & Volume, By Source, 2021 - 2031 |
7.2 United States Biomass Briquette Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Canada Biomass Briquette Market, 2021 - 2031 |
8.1 Canada Biomass Briquette Market, Revenues & Volume, By Source, 2021 - 2031 |
8.2 Canada Biomass Briquette Market, Revenues & Volume, By Application, 2021 - 2031 |
9 North America Biomass Briquette Market Key Performance Indicators |
10 North America Biomass Briquette Market - Opportunity Assessment |
10.1 North America Biomass Briquette Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Biomass Briquette Market Opportunity Assessment, By Source, 2021 & 2031F |
10.3 North America Biomass Briquette Market Opportunity Assessment, By Application, 2021 & 2031F |
11 North America Biomass Briquette Market - Competitive Landscape |
11.1 North America Biomass Briquette Market Revenue Share, By Companies, 2024 |
11.2 North America Biomass Briquette Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |