The Asia Pacific briquettes market is expected to grow at a CAGR of around 9% during the forecast period. The increasing demand for fuels coupled with improved renewable energy sources is anticipated to drive the APAC briquettes market during the next five years. Additionally, properties such as low ash content, cost-effectiveness, and no Sulphur content possessed by briquettes make them a preferred choice over the other conventional sources of fuels.
Important Elements of Asia Pacific Briquettes Market
The Asia-Pacific briquettes market is segmented based on type, application, country, and company. Based on type, the market can be segmented into sawdust briquettes, agro-waste briquettes, wood briquettes, and others.
Agro-waste briquettes are expected to dominate the market since they are easy to handle, store and transport. Sawdust briquettes are anticipated to grow at a fast pace during the forecast period owing to their low ash content and smokeless use.
The major players operating in the Briquettes market
- Energex
- Shijiazhuang Ningshu Trading Co.
- Ltd, HT Solar Vietnam Co.
- Ltd, Virdis Energy Pvt Ltd.
- Guangzhou Aoke Ruifeug Energy Savings Technology Service Co., Ltd.
- S.L. Bioenergy
- Liaoning Senon Renewable Energy Co., Ltd.
- Enviva, Pinnacle Renewable Energy Inc.
- Pacific BioEnergy Corporation and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report for APAC Briquettes Market
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020–2024
The objective of the Study of Asia Pacific Briquettes Market
- To analyze and forecast the market size of the APAC briquettes market.
- To classify and forecast the Asia-Pacific briquettes market based on type, application, company, and country distribution.
- To identify drivers and challenges for the APAC briquettes market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Asia-Pacific briquettes market.
- To conduct pricing analysis for the Asia-Pacific briquettes market.
- To identify and analyze the profile of leading players operating in the Asia-Pacific briquettes market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels, and presence of all major players across the globe.
TechSci Research calculated the market size of the APAC briquettes market by using a bottom-up approach, wherein data for various end-user segments were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience For APAC Briquettes Market
- Briquettes manufacturers and suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to briquettes
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the Asia-Pacific briquettes market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Sawdust Briquettes
- Agro-waste Briquettes
- Wood Briquettes
- Others
- Market, By Application:
- Power Generation
- Thermal Energy
- Others
- Market, By Country:
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- China
- India
- Japan
- South Korea
- Australia
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