BIOMASS SOLID FUEL MARKET ANALYSIS

Market Challenges And Opportunities

Global Biomass Solid Fuel Market: Restraints

Direct burning causes Greenhouse Effect

Although biomass solid fuel is an alternative to non-renewable energy resources, the usage of biomass for direct burning has few disadvantages. The initial biomass is a sparse heterogeneous material that consists of pieces of various sizes with different calorific values. These features of biomass causes serious problems while burning solid biofuel in combusting chambers. For instance, the low bulk density of the biomass leads to reduced efficiency of the combustion. Although burning of biomass solid fuel does not emit enough carbon dioxide that would cause greenhouse effect, and thus, biofuels produce nitrous oxide on burning that can cause greenhouse effect. These factors are expected to hamper the market growth during the forecast period.

 Global Biomass Solid Fuel Market: Opportunity

Rise in industrial production leads to greenhouse gas emission

The emission of greenhouse gases such as carbon dioxide, methane, and nitrous oxide continuously increasing due to rising industrial production in emerging economies. This is due to high investment costs involved in the adoption of green technologies and renewable resources. Solid biomass fuel can be used as one of the alternatives to stop the consumption of fossil fuels. According to VDEW- German Verband der Elektrizitaetswirtschaft, a Germany-based electricity association, the potential of available biomass in the world is equivalent to produce more than 150 billion mg per year, which is equivalent to 120 billion mg of coal. The potential for using this biomass solid fuel as an energy source is enormous. However, only 20–30% of the available biomass is useful.

Need for infrastructure to develop bioenergy for world

There is huge opportunity for the energy companies to invest in the infrastructure to develop bioenergy to fulfil world energy requirement by using solid biomass. Forest products are being used increasingly as a source of energy. Biomass solid fuel offers lucrative opportunities not only for climate change mitigation but also for harnessing energy crops, waste, degraded lands, and co-farming, and thus, creating wealth and employment and increase energy dependence.