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Peat Market Trends

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Report ID: 3334
Published Date: Sep 09, 2024
Report Format: PDF, PPT

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Peat Market Trends

Growth Drivers

Increasing Industrial Activities Worldwide
Growing Usage of Renewable Energy Sources

Challenges

Issues Related to Pollution Caused by Burning Dry Peat

Peat Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	4.6%
Base Year Market Size (2023)	USD 3.59 billion
Forecast Year Market Size (2036)	USD 6.44 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Peat Market Size & Share, Growth Trends 2036

Author Credits: Nilanjana Ray

Report ID: 3334
Published Date: Sep 09, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major growth drivers for the market are increasing industrial activities worldwide and growing usage of renewable energy sources.

The market is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2022 â€“ 2030.

Pollution caused by burning dry peat is estimated to hamper the market growth.

Latin America will provide more opportunities for market growth owing to the presence of favorable climate conditions that support the growth of tropical peat.

The major players in the market are Elva E.P.T. Ltd., Global Peat Ltd, Stender AG, Oulun Energia Oy, and others.

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