Biomass Gasification Market

Biomass Gasification Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Biomass Gasification Market was worth US$ 62,456.2 Mn and is expected to grow at a CAGR of 7.5% over the forecast period. The market is expected to hit US$ 1,28,724.2 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 6.4%, the market underwent significant growth.

The demand for decentralized energy generation has increased due to the rising rate of rural electrification, particularly in emerging nations. This desire is a key factor propelling the worldwide biomass gasification market toward expansion.

Market Dynamic

THE INCREASING ENVIRONMENTAL CONCERN DRIVES THE MARKET

Biomass Gasification is a powerful greenhouse gas emission reduction method that combines the advantages of gasification processes with biomass. The main growth driving factors of the Biomass Gasification Market is increasing greenhouse gas emissions, increasing environmental anxieties among the population, and increasing adoption of environment-friendly energy sources.

STRINGENT GOVERNMENTAL REGULATIONS HELP THE MARKET GROWTH

The government also promotes the multifaceted Biomass gasification process to generate more power with the help of local biomass resources such as rice husks, wood chips, and cotton stalks. These initiatives are bringing more growth opportunities for the global Biomass Gasification Market.

SCARCITY OF BIO-FUEL SOURCE RESTRAINS THE MARKET

The rising awareness of renewable energy sources using biomass and the set of benefits associated with it are considered the primary factors are fuelling the growth of the global market. Moreover, increasing inter-regional investments in this industry might also bolster its demand. The global markets are also affected by challenges such as biofuel shortages, undesirable health consequences, and pollution.

Market Segments Covered in Report

By Applications:

• Power & gas fuels,
• Chemicals,
• Liquid fuels

By Fuel Type:

• Animal waste,
• Wood,
• Others

By Source:

• Solid Biomass
• Biogas
• Municipal Waste
• Liquid Biomass

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are Solid Biomass segment projected to have the highest revenue share?

Biomass gasification technology is a clean alternative coal-based feedstock that includes animal manure, paper, cotton, food waste, agricultural waste, crops, and wood residues, including sawdust. Developing environmental concerns and rising greenhouse gas emissions have further boosted the adoption of biomass gasification in various industries across the globe.

Why is the chemical segment expected to expand the fastest during the forecast period?

Demand for gasification in chemical and packaging industries is increasing due to low operating costs, high power efficiency, and low-value waste and feedstock requirements. The gasification process with high flexibility while producing chemicals is another factor expected to contribute significantly to revenue growth.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• The Asia Pacific had a 44.6% market share in 2021. The Chemicals market in the Asia Pacific is expected to account for the largest revenue share over the forecast period. The composition of this market is dominated by ammonia, methanol, and methanol-hydrochloride. Furthermore, the high availability of inexpensive coal in countries such as China and India are major thrust for increasing the production of chemicals, heat, and electricity through gasification.
• The European gasification market is anticipated to register a revenue growth of 7.2% over the forecast period because of changing way of life and growing energy demand. The increasing demand for clean energy sources like natural gas and renewable energy and rising employment in petrochemical industries is the major driver of revenue growth in the market.

Competition Analysis

As organic strategies become more challenging to implement in the market, leading manufacturers are developing an inorganic strategy. For example, mergers and acquisitions that increase production capacity or partnerships with other companies.

Some of the key developments that have taken place in the Biomass Gasification Market include the following:

• On May 4, 2022, As a more sustainable alternative to burning coal, the Union Minister of Coal, Mines, and Parliamentary Affairs said that a meeting would be held on May 6, 2022, to consider the launch of Coal India Ltd.’s (CIL) shuttered and discontinued mines on a revenue-sharing basis.

A list of some of the key suppliers present in the market are:

• Cameron International
• Aker Solutions
• HCS Control Systems
• General Electric Company
• Zetechtics Ltd.
• KW Ltd.
• FMC Technologies
• Royal Dutch Shell
• General Electric
• Air Liquide
• SEDIN Engineering Company Limited

Global Biomass Gasification Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies