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Biomass Gasification Market is predicted to reach USD 199.2 billion at a CAGR of 8.50% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Biomass Gasification Market” that contains information from 2018 to 2032. The Biomass Gasification Market is estimated to register a CAGR of 8.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Biomass Gasification Market — Synthesis Energy Systems Inc., Royal Dutch Shell Plc, Cb&l, General Electric, Kbrinc, and Air Liquide.


Market Highlights


The global Biomass Gasification Market is accounted to register a CAGR of 8.50% during the forecast period and is estimated to reach USD 199.2 billion by 2032.


Biomass gasification is a process that converts biomass feedstock, such as wood, agricultural residues, and organic waste, into a synthetic gas mixture called syngas, which primarily consists of carbon monoxide, hydrogen, and carbon dioxide. This syngas can be used for various applications, including electricity generation, heat production, and the synthesis of chemicals and fuels.


Segment Analysis


The global Biomass Gasification Market has been segmented based on Fuel Type, and Application.


The Biomass Gasification market segmentation, based on fuel type, includes wood, animal waste and others. Animal waste category help in generating the most useful productivity. Hence, it has been estimated that these segments will show the higher biomass gasification market size for the forecast period.


The Biomass Gasification market segmentation, based on application, includes chemicals, liquid fuels, and power & gas fuels. The power & gas fuels category contributed to most of the income since the power segment is actively working on an energy transition from coal-based to economical and environmentally friendly options, so biomass is expected to grow its contribution with increased advancements in gasification technology.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Biomass Gasification Market Growth Report


Regional Analysis


The global Biomass Gasification Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Biomass Gasification market will dominate this market. Rapid globalization and increasing population are expected to boost the usage of biomass gasification in transportation and in ethanol, biodiesel, and biogas generation. Further, the main countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Europe's Biomass Gasification market accounts for the second-largest market share due to the high demand for biomass in different parts of this Region. Further, the German Biomass Gasification market held the largest market share, and the UK Biomass Gasification market was the fastest-growing market in the European Region.


The Asia-Pacific Biomass Gasification Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to high electrification in urban and rural areas of the countries. Moreover, China’s Biomass Gasification market held the largest market share, and the Indian Biomass Gasification market was the fastest-growing market in the Asia-Pacific region.


For instance, the Indian government offers customs duty reduction/exemption on parts of biomass-operated electricity generators, excise duty exemption on parts of biomass-operated electricity generators, and exemption in central sales tax. Such incentives promote market growth for biomass gasification.


Key Findings of the Study



  • The global Biomass Gasification Market is expected to reach USD 199.2 billion by 2032, at a CAGR of 8.50% during the forecast period.

  • The Asia-Pacific Biomass Gasification Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to high electrification in urban and rural areas of the countries. The Biomass Gasification market segmentation, based on fuel type, includes wood, animal waste and others. Animal waste category help in generating the most useful productivity.  

  • Synthesis Energy Systems Inc., Royal Dutch Shell Plc, Cb&l, General Electric, Kbrinc, and Air Liquide.

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Companies Covered 15
Pages 111
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