PUNE, India, April 5, 2023 (GLOBE NEWSWIRE) — According to our new research study, Global solid fuel market Size Report, Forecast to 2028 – COVID-19 Impact and Global Analysis – by Fuel Type and Geography” the market is expected to grow by 0.5% from 2022 to 2028 at 389.14 billion.

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Global Solid Fuels Market Growth Drivers:
• Increasing demand for energy from various end use industries such as power generation, cement and steel.
• Growing preference for solid fuels as an alternative to fossil fuels due to their lower cost, wider availability and lower emissions.
• Technological advances leading to the development of new and improved solid fuels with improved properties and performance.
• Increasing investment in research and development activities to improve the properties and performance of solid fuels.
• The increase in construction activity and infrastructure development in developing countries, leading to increased energy demand.
• The growing trend towards the use of renewable energy sources and the associated need for biomass-based solid fuels such as wood pellets and briquettes.
• The increasing demand for solid fuels in the Asia-Pacific region due to rapid industrialization and urbanization.
• The growing trend towards the use of clean energy sources and the resulting need for low-emission solid fuels such as charcoal and biochar.
• Increasing government initiatives and regulations to encourage the use of renewable and sustainable energy sources.

Recent developments in the global solid fuels market:
• Technological advances leading to the development of new and improved solid fuels with improved…