BIOMASS SOLID FUEL MARKET ANALYSIS
Global biomass solid fuel market is projected to reach around US$ 501.6 Billion by the end of 2030, in terms of revenue, growing at CAGR of 9.7% during the forecast period (2023-2030).
Global Biomass Solid Fuel Market: Trends
Increase in consumption of fossil fuels
Increasing industrialization, and economic development leads to high consumption of fossil fuels. Fossil fuel reserves are limited, and these are depleting at an alarming rate. Biomass solid fuel along with other renewable energy resources are expected to be the potential alternatives of fossil fuels. Nowadays, bagasse and other agricultural residues are commonly used to produce power and heat in Brazil, and thus, demand for biomass solid fuel is rising.
Biomass Solid Fuel Market Report Snapshots
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