White Coal Global Market Report 2026

White coal, also known as bio-coal or agro-coal, is a solid fuel derived from the conversion of agricultural waste or biomass into a high-energy density fuel source. This eco-friendly fuel is created by compacting biomass materials such as agricultural residues, wood chips, sawdust, and other organic waste into dense briquettes or blocks. Its production and utilization play a crucial role in reducing carbon emissions and mitigating the environmental consequences associated with the consumption of traditional coal.

The primary types of white coal include pyrolysis, hydrothermal carbonization, and other processes. Pyrolysis is a thermochemical decomposition method that entails heating organic materials such as biomass, plastics, or rubber in the absence of oxygen or with limited oxygen supply. This process encompasses various mining technologies such as surface mining and underground mining and finds applications in diverse sectors including ceramics, chemicals, food and beverage, textiles, power generation, among others.

Tariffs are impacting the white coal market by increasing costs of imported processing machinery, briquetting equipment, and material handling systems used in biomass fuel production. Industrial users in Asia-Pacific and Europe are most affected due to reliance on imported equipment, while export-oriented producers face pricing pressure in international markets. These tariffs are raising capital investment requirements and slowing capacity expansion. However, they are also encouraging local equipment manufacturing, regional biomass utilization, and domestic white coal production aligned with renewable energy goals.

The white coal market research report is one of a series of new reports from The Business Research Company that provides white coal market statistics, including white coal industry global market size, regional shares, competitors with a white coal market share, detailed white coal market segments, market trends and opportunities, and any further data you may need to thrive in the white coal industry. This white coal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The white coal market size has grown strongly in recent years. It will grow from $3.3 billion in 2025 to $3.52 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing agricultural residue availability, adoption of biomass briquettes in small industries, rising energy demand in rural areas, development of biomass processing infrastructure, focus on waste-to-energy practices.

The white coal market size is expected to see strong growth in the next few years. It will grow to $4.33 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing demand for renewable industrial fuels, rising carbon reduction targets, expansion of decentralized energy systems, growing investments in biomass processing plants, increasing substitution of fossil coal in thermal applications. Major trends in the forecast period include increasing adoption of biomass-based solid fuels, rising demand for low-carbon industrial energy sources, growing utilization of agricultural residues, expansion of briquetting and densification technologies, enhanced focus on renewable thermal energy.

The rising demand for renewable energy is expected to drive the growth of the white coal market in the coming years. Renewable energy comes from naturally replenishing resources that are virtually inexhaustible on human timescales, driven by climate concerns, greater awareness of environmental impacts, and favorable economic conditions. White coal, produced from renewable biomass materials, provides a greener alternative to traditional coal. For example, in 2023, the International Energy Agency (IEA), a Paris-based global energy authority, reported that global renewable electricity capacity additions reached an estimated 507 GW, about 50 % higher than in 2022, setting a new record of growth, with solar PV and wind accounting for the majority of the increase. This demonstrates the rapidly rising demand for clean energy sources that compete with conventional fuels, including coal. Thus, the growing demand for renewable energy is propelling the white coal market.

Major companies in the white coal market are advancing supply-side bio coal solutions to expand production capacity, enhance manufacturing processes, and introduce new bio coal products to strengthen their market position. A torrefaction reactor is an industrial thermal processing system that converts sustainably sourced biomass into high-carbon bio coal, offering a renewable solid fuel that can replace fossil coal in heavy industrial applications with lower lifecycle carbon emissions. For example, in May 2025, ANDRITZ, an Austria-based technology group, delivered and commissioned the first industrial-scale torrefaction reactor at the Joensuu Biocoal plant in Finland, enabling annual production of up to 60,000 tonnes of bio coal with integrated Metris addIQ process control, high-carbon output suitable for industrial combustion, and compatibility with existing energy infrastructure. This development highlights growing production capacity and technological maturity in bio coal supply, although cost and biomass feedstock logistics remain key implementation considerations.

In May 2024, Petrox Resources Corp., a Canada-based energy and mineral exploration company, announced its intention to acquire SSGE Bio Energy Company Limited for an undisclosed amount. Through this acquisition, Petrox aims to expand its portfolio into bio coal production and sustainable energy technologies, strengthening its technological capabilities and market presence in renewable fuels. SSGE Bio Energy Company Limited is a China-based provider of large-scale bio coal production capacity and proprietary biomass conversion technologies.

Major companies operating in the white coal market are KKR Bio Fuels, Nexgen Energia, CSC Bio-Coal Sdn Bhd, Vega Biofuels Inc, Balaji Agro Coal Industries, NextCoal International Inc, Global Bio-Coal Energy Inc, TorrCoal, SSGE Bio-Energy Company Ltd, Hind Bio Coal, JK Bio Energy, Lehra Fuel Tech Pvt Ltd, Green Fuel India, Eco Stan Ltd, Guru Nanak Agro Industries Inc, Biomass Briquette Systems LLC, White Energy Inc, Vow ASA, Drax Group plc, Airex Energy Inc

North America was the largest region in the white coal market in 2025. The regions covered in the white coal market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the white coal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The white coal market consists of sales of biomass briquettes, wood pellets, torrefied biomass, biochar, charcoal briquettes, and raw materials. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

White Coal Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses white coal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for white coal ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The white coal market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Pyrolysis; Hydrothermal Carbonization; Other Types
• 2) By Form: Briquettes; Powder; Logs; Other Forms
• 3) By Application: Ceramic; Chemical; Food And Beverage; Textile; Power; Other Applications
• Subsegments:
• 1) By Pyrolysis: Slow Pyrolysis; Fast Pyrolysis
• 2) By Hydrothermal Carbonization: Low-Temperature Hydrothermal Carbonization; High-Temperature Hydrothermal Carbonization
• 3) By Other Types: Gasification; Torrefaction; Briquetting
• Companies Mentioned: KKR Bio Fuels; Nexgen Energia; CSC Bio-Coal Sdn Bhd; Vega Biofuels Inc; Balaji Agro Coal Industries; NextCoal International Inc; Global Bio-Coal Energy Inc; TorrCoal; SSGE Bio-Energy Company Ltd; Hind Bio Coal; JK Bio Energy; Lehra Fuel Tech Pvt Ltd; Green Fuel India; Eco Stan Ltd; Guru Nanak Agro Industries Inc; Biomass Briquette Systems LLC; White Energy Inc; Vow ASA; Drax Group plc; Airex Energy Inc
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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