Biomass Gasification Market Size To Reach US$ 162.1 Billion by 2028 | IMARC Group
According to the latest report by IMARC Group, titled “Biomass Gasification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global biomass gasification market size reached US$ 111.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 162.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.31% during 2023-2028. Biomass gasification is a process that converts biomass feedstocks, such as wood chips, agricultural waste, and municipal solid waste, into a gas mixture known as syngas (synthetic gas). The process involves heating the biomass in a low-oxygen environment to produce a gas that can be used as fuel for power generation or other applications. The syngas produced by biomass gasification contains carbon monoxide, hydrogen, and other gases that can be combusted to generate heat or electricity. The process can also produce biochar, a solid byproduct that can be used as a soil amendment or carbon seque...