Middle East Wood Pellets Market: Current Analysis and Forecast (2021-2027)

Due to the increasing concern for protecting the environment government has been initiating many new reulations. For instance, in 2019, Ras Al Khaimah, launched Barjeel, the Green Building Regulations that sets minimum sustainability standards for new buildings. Buildings permitted under Barjeel are expected to consume 30% less energy and water as compared to a typical building in Ras Al Khaimah. Barjeel became mandatory for all new buildings from January 2020. The increasing awareness about sustainable sources has been boosting the demand for renewable energy

Furthermore, the UAE launched a national Energy Strategy 2050 in January 2017. The UAE allocated over USD 163 billion to meet its goal to increase the contribution of clean energy sources in the total capacity mix to 50% (44% renewable and 6% nuclear) by 2050. This goes hand in hand with the UAE's Vision 2021 strategic plan to generate 27% of its energy requirements from clean sources, including nuclear power, aiming for:

Renewable Energy: 44%

Gas: 38%

Clean Coal: 12%

Nuclear: 6%

Based on application, the Middle-East Wood Pellets market is segmented into heat, combined heat power (CHP), power. Currently, sorbitol dominated the market and is expected to maintain its dominance during the forecast period owing to the increasing inclination towards using recyclable energy sources for heating and other related activities

Based on end-users, the market is segmented into food & beverages, pharmaceutical, direct sales, and other end-use sectors. Currently food & beverages dominates the market and is expected to maintain its dominance during the analyzed period owing to the increasing adoption of wood pellets for space heating in federal or municipal buildings, office buildings, educational facilities, and other commercial buildings

For a better understanding of the market adoption, report provide detailed analysis for major region and countries including Middle-East (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, Turkey, and Rest of Middle-East). The market for Wood Pellets have been boosting in the region on account of the busy lifestyle of consumers, prevalence of chronic diseases due to their hectic lifestyles, and an increase in awareness among consumers regarding the health benefits of reduced sugar foods & beverages and other products

Some of the major players operating in the market includes German Pellets GmbH, Pinnacle Renewable Energy Inc., Energex, Enviva LP, Wood & Sons, Drax Group plc, AS Graanul Invest, AVPGroup, Lignetics, Canfor; etc.