White Coal Market Summary
White coal is a term commonly used to refer to a form of fuel that is produced from organic biomass or agricultural waste. It is also known as "bio-coal" or "agro-coal." The process of producing white coal involves the conversion of agricultural residues, such as crop residues, wood waste, and other organic materials, into a solid fuel with properties similar to traditional coal.
According to the new market research report “Global White Coal Market Report 2023-2029”, published by QYResearch, the global White Coal market size is projected to reach USD 1.89 billion by 2029, at a CAGR of 8.8% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of White Coal include Airex Energy, TorrCoal, SSGE Bio-Energy Company Ltd., ETIA SAS, Global Bio-Coal Energy Inc., etc. In 2022, the global top four players had a share approximately 42% in terms of revenue.
Market Drivers:
Renewable Energy Demand: Increasing global awareness of environmental issues and the growing demand for renewable energy sources drive the adoption of white coal. As a biomass-derived fuel, white coal aligns with the demand for cleaner and sustainable energy alternatives.
High Calorific Value: White coal is known for its high calorific value, which makes it an attractive alternative to traditional coal. Industries seeking efficient and high-energy fuels may choose white coal for its combustion properties.
Restraint:
Supply Chain Challenges: The consistent and reliable supply of biomass feedstock poses challenges. Factors such as seasonal variations in agricultural waste availability and logistical issues in collecting and transporting biomass to production facilities can impact the steady production of white coal.
Opportunity:
Economic Opportunities in Rural Areas: White coal production often involves utilizing agricultural waste, providing economic opportunities in rural areas. This decentralized approach contributes to rural development, job creation, and enhanced income for farmers.
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