White Coal Market Size by Applications (Diesel, Kerosene, Furnace Oil, Firewood, Coal, and Lignite), End User (Residential, Commercial, Industrial, and Others), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2032

Market Perspective

White Coal Market size was worth around USD 3.24 billion in 2022 and is predicted to grow around USD 6.46 billion by 2032 with a compound annual growth rate of roughly 7.14% between 2023 and 2032. As developing nations search for alternative energy sources to meet their rising energy requirements, the demand for white coal is anticipated to rise significantly. In addition, it is anticipated that increased commercial energy use will help the market to expand.

Globally, coal is a major source of electricity it also contributes significantly to CO2 pollution. White coal also referred to as bio-coal, is a green fuel that is made from organic waste from agriculture, forestry, and other sources. This kind of fuel is considered a renewable energy source. Due to its environmental friendliness and the rising demand for renewable energy sources, coal is becoming a more widely used energy source.

In industrial processes, bio-coal can displace fossil coal as a carbon-neutral fuel. In sectors with significant carbon emissions, it is flourishing. White coal has a higher energy density and carbon content than raw biomass, making it considerably more efficient. Additionally, it has hydrophobic qualities and provides strong resistance to biological deterioration.

Due to volatile matter, high moisture, low fixed carbon, and low fixed carbon concentration, using raw biomass as a reducing agent in a blast furnace can be difficult for some industries. Bio-coal may be a suitable substitute that is fossil-free due to this factor the white coal market is expected to grow during the forecasted period.

Key Insights

• Based on end users, the Industrial segment generated the highest revenue in 2022
• Based on region, Asia Pacific accounted largest market share in 2022

Growing Focus On the Adopting Environment-Friendly Construction to Fuel Demand

Due to the eco-friendliness of white coal and its reduced environmental effect compared to conventional construction materials, the adoption of sustainable building materials has increased over the last few years. In the coming years, demand is expected to rise for materials like straw bales, bamboo, rammed earth, reclaimed wood, recycled & reclaimed concrete, and steel due to benefits like energy efficiency, durability, and the capacity to lower structures' carbon footprints. These elements offer substantial business opportunities for suppliers of sustainable building materials.

To expand the installed capacity of renewable energy to 450 GW by 2030, the Indian government has put forth several encouraging policies. The government is actively pushing renewables to reduce coal usage because coal use causes air pollution that is related to health problems which are expected to boost the global white coal market share.

Complex manufacturing Processes to Obtain the Final Product are Restraining Market Growth

Density in the manufacture of briquettes uses more energy which is used to heat the raw material to convert it into white coal, complicating the process is potentially hampering market expansion. Another major barrier to the market's expansion is the high deployment cost of briquettes.

Briquette requires a sizable area to set up the plant, as well as contemporary equipment for drying, crushing, and shredding, as well as a sizable waterproof space for storage, all of which pose challenges to the market. Additionally, atmospheric circumstances have a direct impact on briquettes. The combustion trait is loosened by humidity in the air. In the coming years, these factors are anticipated to limit market growth during the forecasted period.

Recent Development

December 2022: The Hong Kong company SSGE Bio-Energy is creating a coal-like substance from agricultural waste as a substitute for coal to profit from efforts to reduce emissions while obstinate industrial demand keeps coal costs high.

Segmentation Analysis

Based on applications, the market is categorized into diesel, kerosene, furnace oil, firewood, coal, and others. The bio coal in the shape of pellets can be used for district heating projects in cities as well as in conventional coal-fired power plants, industrial heating systems, and buildings. Almost 2.5 tons of CO2 are conserved per ton of bio coal when compared to coal combustion. Additionally, compared to conventional sustainable alternatives, the energy value is greater, and less storage and transportation are required. The installation of white coal machines also generates green energy and heat while producing bio coal.

The installation's front-end engineering and design are presently being worked on by Clean Electricity Generation and Stork. In addition, they will continue to work on projects in Finland and primarily in North America. The patented technology will be supplied by the energy innovation firm CEG. The business has been successful in creating a commercially feasible facility for producing bio coal, making it a viable and sustainable substitute for fossil coal. In Derby, England, CEG already has a production plant where premium bio coal is made. The new factory in Estonia will be five times bigger in contrast.

Based on the end user, the market is categorized into residential, commercial, industrial, and others. The market share is dominated by the industrial segment. Several factors, such as the increasing cost of electricity, natural gas, and fossil fuels, as well as their scarcity, have contributed to the importance of developing bio-coal. Energy experts from all over the world are becoming more interested in bio-coals as a result of the need to discover alternatives to fossil fuels and reduce greenhouse gas emissions.

The method of making high-density, energy-concentrated fuel briquettes out of solid agricultural waste is known as "bio coal briquette." These Briquettes, also known as White Coal, are ready-to-use coal/wood replacements for thermal applications in industrial boilers and brick kilns. There are different-sized Bio-Coal Briquetting facilities that turn agricultural waste into solid fuels. In industrial boilers and brick kilns, briquettes are a suitable substitute for coal or wood for thermal applications.

This construction can help effectively advance rural communities while reducing greenhouse gas emissions and heating expenses. Bio-Coal can be used to its full potential in a variety of industries that need to heat their production facilities while also saving countries foreign currency needed to buy conventional fuels industries such as Ceramic and refractory, Spinning Mill, Solvent Extraction Plants, Lamination Industries, Chemical Units, Leather industries, Dyeing Plants, Brick making units, Milk plant, Other Industries of heat application, Food processing, Gasifier Systems, Vegetable plants, and Textile Unit.

Regional Landscape

Asia-Pacific is Dominating the Market Share Due to Increasing Government Initiative

Asia Pacific is anticipated to hold the largest share during the anticipated period. The region's market is being driven by the presence of significant economies built on agriculture and the increase in pollution concerns. The majority of the region's businesses still rely on conventional fuels like coal, furnace oil, diesel, and kerosene. Due to the abundance of biomass made from agricultural refuse in many Asia-Pacific nations, bio-coal is being made from agro-waste.

Several factors, such as the increasing cost of electricity, natural gas, and fossil fuels, as well as their scarcity, have contributed to the importance of developing bio-coal. Energy experts around the globe are interested in bio-coals due to the need to find alternatives to fossil fuels and reduce greenhouse gas emissions.

Competitive Landscape

• Airex Energy
• TorrCoal
• SSGE BIO-ENERGY COMPANY LIMITED.
• ETIA S.A.S.
• Global Bio-Coal Energy Inc.
• BIOFUELS DIGEST.
• NEXTCOAL INTERNATIONAL, INC.
• CSC BIO COAL SDN. BHD.
• Balaji Agro Coal Industries.
• Nexgen Energia.

The global white coal market is segmented as follows:

By Applications

• Diesel
• Kerosene
• Furnace Oil
• Firewood
• Coal
• Lignite

By End User

• Residential
• Commercial
• Industrial
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America