Torrefied Coal Market Size, Share, Growth Analysis, By Application(power generation, industrial processes, small-scale users, residential heating industry), By Technology(microwave torrefaction, rotary kiln torrefaction, and fluidized bed torrefaction. and others), By Feedstock(Wood, agricultural residue, and other type of biomass), By Form(Pellets, briquets and powder), By Ash Content(High ash content and low ash Content), By Region - Industry Forecast 2024-2031

Torrefied Coal Market size was valued at USD 22.9 million in 2021 and is poised to grow from USD 26.66 million in 2022 to USD 89.9 million by 2030, growing at a CAGR of 16.41% in the forecast period (2023-2030).

Torrefied Coals are becoming popular since they Have many advantages like high energy density, improved handling and storage, reduced emission, and flexibility sustainability.

Torrefied coal contains more energy per unit volume than untreated biomass. This results in a more efficient fuel source, as less material is required to produce the same amount of energy. The higher energy density of torrefied coal is due to the removal of moisture, volatile organic compounds, and other impurities during the torrefaction process. This results in a fuel source that has a higher concentration of carbon and fewer impurities, which translates to a higher energy content. The increased energy density of torrefied coal is particularly beneficial for transportation and storage, as less space is required to store the same amount of energy compared to untreated biomass. Overall, the high energy density of torrefied coal is a key factor that makes it an attractive alternative to fossil fuels and untreated biomass. Its compatibility with existing coal-fired power plants, which makes it a flexible and cost-effective way to reduce greenhouse gas emissions. Unlike other renewable energy sources, such as wind or solar, torrefied coal can be used in existing coal-fired power plants without the need for significant modifications. This means that power plants can easily switch to torrefied coal as a fuel source, without incurring the high capital costs associated with building new renewable energy infrastructure. In addition to being a cost-effective solution, the use of torrefied coal in existing coal-fired power plants also helps to reduce greenhouse gas emissions. This is because torrefied coal has lower moisture content and a higher carbon-to-hydrogen ratio than untreated biomass. These properties result in a more efficient combustion process and lower emissions of harmful pollutants, such as carbon dioxide, sulfur dioxide, and nitrogen oxides.

US Torrefied Coal Market is poised to grow at a sustainable CAGR for the next forecast year.