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    South Korea Biomass Gasification Market

    ID: MRFR/E&P/53521-HCR
    200 Pages
    Chitranshi Jaiswal
    September 2025

    South Korea Biomass Gasification Market Research Report By Fuel Type (Agricultural Waste, Forest waste, Animal waste, Municipal waste), By Gasifier Technology (Fixed-bed gasifier, fluidized bed gasifier, entrained flow gasifier, Others) and By Application (Hydrogen Generation, Power Generation, Chemicals, Transportation Fuel, Ethanol, Biochar)- Forecast to 2035

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    South Korea Biomass Gasification Market Research Report - Forecast to 2035 Infographic
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    Table of Contents

    South Korea Biomass Gasification Market Summary

    The South Korea Biomass Gasification market is projected to grow significantly, reaching 10.1 USD Billion by 2035 from a base year valuation of 4.15 USD Billion in 2024.

    Key Market Trends & Highlights

    South Korea Biomass Gasification Key Trends and Highlights

    • The market is expected to expand from 4.15 USD Billion in 2024 to 10.1 USD Billion by 2035.
    • A compound annual growth rate (CAGR) of 8.46% is anticipated for the period between 2025 and 2035.
    • The increasing focus on renewable energy sources is likely to drive market growth in the coming years.
    • Growing adoption of biomass gasification technology due to environmental sustainability concerns is a major market driver.

    Market Size & Forecast

    2024 Market Size 4.15 (USD Billion)
    2035 Market Size 10.1 (USD Billion)
    CAGR (2025-2035) 8.46%

    Major Players

    Korea Electric Power Corporation, Samsung C&T, Eco & Nara, Hyundai Engineering, Cleantech Solutions, Hanwha Solutions, SK Energy, Seoul City Gas, LG Chem, Green Energy 21, Korea Biomass Energy, POSCO Energy, Korea Gas Corporation, Daelim Energy, Korean Biomass Association

    South Korea Biomass Gasification Market Trends

    The integration of biomass gasification into the energy mix is gaining traction as it offers a way to produce clean energy while simultaneously managing waste, thus addressing both energy and environmental concerns.Additionally, the increasing awareness of sustainability among consumers and businesses presents a notable opportunity for this market. Companies are becoming more inclined to adopt eco-friendly practices, and biomass gasification aligns with their goals for reducing carbon footprints. The South Korean biomass gasification market is also witnessing technological advancements that enhance the efficiency of gasification processes, making them more economically viable. 

    South Korea Biomass Gasification Market Drivers

    Market Segment Insights

    South Korea Biomass Gasification Market Segment Insights

    South Korea Biomass Gasification Market Segment Insights

    Biomass Gasification Market Fuel Type Insights

    Biomass Gasification Market Fuel Type Insights

    The Fuel Type segment of the South Korea Biomass Gasification Market presents a diverse landscape characterized by a variety of waste sources that are converted into energy through gasification processes. In this segment, Agricultural Waste is pivotal, encompassing by-products from crop production, which not only helps in waste management but also provides an eco-friendly energy source, aligning with South Korea's renewable energy goals.

    Similarly, Forest Waste plays a crucial role as it consists of wood residues and other forest products that can be transformed into fuel, thereby addressing forest management issues and reducing fire hazards while contributing to the biomass supply chain.

    Additionally, Animal Waste holds significance in this market as it entails residues from livestock farming, which are not only a nuisance but can also be transformed into sustainable energy solutions, reflecting South Korea's commitment to circular economy principles. Municipal Waste contributes greatly as well, consisting of organic materials from urban areas that can be repurposed, enhancing waste management practices and reducing landfill use. Collectively, these fuel types aid in bolstering energy security while promoting environmental sustainability in South Korea, showcasing the importance of biomass gasification in transitioning towards a cleaner energy future.

    The robust growth of these segments is further driven by governmental support and incentives aimed at promoting renewable energy technologies, addressing energy independence concerns, and ensuring a sustainable waste management system. With the rising demand for clean energy and the effective utilization of local resources, the Fuel Type segment within the South Korea Biomass Gasification Market is poised for significant growth, reflecting broader trends in renewable energy adoption in the region.

    Biomass Gasification Market Gasifier Technology Insights

    Biomass Gasification Market Gasifier Technology Insights

    The Gasifier Technology segment within the South Korea Biomass Gasification Market is witnessing a notable evolution, driven by the increasing demand for sustainable energy solutions. The Fixed-bed gasifier holds a significant position due to its simplicity in design and cost-effectiveness, making it a preferred choice for smaller applications. Conversely, the fluidized bed gasifier is gaining traction for its ability to process a wide variety of feedstocks and its operational flexibility, catering to larger industrial needs. The entrained flow gasifier, while less common, is recognized for its efficiency in converting biomass at high temperatures, thus enhancing overall yield and gas quality.

    Other innovative technologies in the market also contribute to diversification and improved performance in gasification processes. As the South Korean government emphasizes renewable energy initiatives, these technologies are expected to play a crucial role in meeting national energy goals, thereby bolstering the South Korea Biomass Gasification Market industry. The shift towards cleaner energy sources represents a significant growth driver, aligning with global trends towards reduced carbon emission strategies, while challenges such as feedstock availability and technological advancements persist in maintaining competitive advantage.

    With continued investment in Research and Development, the dynamics of this segment are poised for impactful developments, aligning with the South Korea Biomass Gasification Market and Statistics.

    Biomass Gasification Market Application Insights

    Biomass Gasification Market Application Insights

    The South Korea Biomass Gasification Market has showcased significant potential within the Application segment across various domains. This segment encompasses Hydrogen Generation, Power Generation, Chemicals, Transportation Fuel, Ethanol, and Biochar, contributing vitally to the sustainable energy landscape in the country. The growing emphasis on reducing greenhouse gas emissions and reliance on fossil fuels has driven demand Hydrogen Generation, making it a crucial player in a clean energy transition. Power Generation from biomass gasification is pivotal, as it enables the production of energy while reducing waste, thus supporting South Korea's energy security objectives.

    Furthermore, the Chemicals application adds value by transforming biomass into essential chemical feedstocks, promoting circular economy initiatives. Transportation Fuel is gaining traction as biofuels become integral to achieving energy independence and enhancing energy diversification. Ethanol production is increasingly significant due to its role in decarbonizing the transport sector. Similarly, the Biochar segment is emerging as a solution for soil enhancement and carbon sequestration, aligning with agricultural sustainability efforts supported by the South Korean government.

    This range of applications indicates robust growth prospects driven by environmental imperatives and national policies focusing on sustainable development within the South Korea Biomass Gasification Market.

    Get more detailed insights about South Korea Biomass Gasification Market Research Report - Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The competitive landscape of the South Korea Biomass Gasification Market is characterized by rapid advancements and a strong focus on sustainability and renewable energy sources. As the country aims to reduce its greenhouse gas emissions and diversify its energy portfolio, several key players are emerging in the biotechnology and clean energy sectors. These companies are actively investing in research and development to enhance their gasification technologies, improve operational efficiencies, and reduce costs. 

    With the government's commitment to promoting green technology and creating a favorable regulatory environment, the market is experiencing increased competition, innovation, and strategic partnerships aimed at leveraging biomass resources effectively. This transformation offers numerous opportunities for stakeholders within the value chain while emphasizing the significant importance of biomass gasification in achieving South Korea's energy goals.Korea Electric Power Corporation stands out in the South Korean Biomass Gasification Market due to its extensive infrastructure and strong support network in the energy sector.

    The company has positioned itself as a leader in promoting energy transition initiatives, focusing on clean energy generation from biomass sources. 

    With a deep-rooted presence throughout South Korea, Korea Electric Power Corporation leverages its advanced technologies and strategic alliances to enhance the efficiency of gasification processes. The company boasts substantial experience in integrating renewable energy into its existing grid, allowing it to efficiently manage and distribute electricity derived from biomass.

    Its commitment to investing in innovative biomass projects underlines its strengths, enabling Korea Electric Power Corporation to play a pivotal role in shaping the future of sustainable energy in South Korea.Samsung C&T is also a significant player in the South Korean Biomass Gasification Market, renowned for its comprehensive portfolio of construction and energy solutions. 

    The company focuses on developing value-added services and key projects related to biomass gasification technology, supporting the nation’s green energy initiatives. Samsung C&T presents a solid market presence, often collaborating with various stakeholders, including governmental agencies and other corporates, to push forward sustainable biomass initiatives. The company’s strengths lie in its advanced engineering capabilities and its ability to integrate innovative solutions seamlessly into existing frameworks. Additionally, Samsung C&T has engaged in various mergers and acquisitions strategically aimed at strengthening its technological capabilities and market reach, supporting the adoption of biomass energy solutions in South Korea. 

    The company’s commitment to sustainability and its robust market strategies enable it to play a crucial role in advancing biomass gasification technologies in the region, contributing to South Korea's long-term energy security and environmental goals.

    Key Companies in the South Korea Biomass Gasification Market market include

    Industry Developments

    Recent developments in the South Korea Biomass Gasification Market have highlighted significant advancements and investments by leading companies. Korea Electric Power Corporation aims to improve its biomass gasification technology, enhancing energy efficiency and reducing carbon emissions. Samsung C&T is pursuing collaborations with local governments for large-scale biomass projects that align with national sustainability goals. In September 2023, Eco and Nara announced a strategic partnership with Green Energy 21 to develop innovative biomass solutions, showcasing increased market collaboration. Hyundai Engineering is also expanding its footprint in the sector by developing advanced gasification technologies to optimize energy generation. 

    Furthermore, there were notable acquisitions, such as SK Energy acquiring a minority stake in POSCO Energy in August 2023, further strengthening their position in the energy landscape. The government of South Korea has been investing in biomass infrastructure, supporting the growth of domestic companies like Korea Biomass Energy and Hanwha Solutions. Economic reports suggest a steady rise in market valuation, driven by commitments to renewable energy and a proactive policy environment focused on reducing greenhouse gas emissions in South Korea’s energy sector.

    Market Segmentation

    Outlook

    • Hydrogen Generation
    • Power Generation
    • Chemicals
    • Transportation Fuel
    • Ethanol
    • Biochar

    Report Scope

     

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 4.15(USD Billion)
    MARKET SIZE 2024 4.5(USD Billion)
    MARKET SIZE 2035 10.14(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 7.669% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Korea Electric Power Corporation, Samsung C&T, Eco & Nara, Hyundai Engineering, Cleantech Solutions, Hanwha Solutions, SK Energy, Seoul City Gas, LG Chem, Green Energy 21, Korea Biomass Energy, POSCO Energy, Korea Gas Corporation, Daelim Energy, Korean Biomass Association
    SEGMENTS COVERED Fuel Type, Gasifier Technology, Application
    KEY MARKET OPPORTUNITIES Government incentives for renewable energy, Growing industrial energy demand, Increasing waste-to-energy initiatives, Advanced technology adoption, Expanding biofuel applications
    KEY MARKET DYNAMICS increasing renewable energy demand, government incentives and policies, technological advancements, waste management solutions, environmental sustainability concerns
    COUNTRIES COVERED South Korea

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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    FAQs

    What is the projected market size of the South Korea Biomass Gasification Market in 2024?

    The South Korea Biomass Gasification Market is projected to reach a value of 4.5 USD billion in 2024.

    What is the expected market size of the South Korea Biomass Gasification Market by 2035?

    By 2035, the South Korea Biomass Gasification Market is expected to grow to 10.14 USD billion.

    What is the expected compound annual growth rate (CAGR) for the South Korea Biomass Gasification Market from 2025 to 2035?

    The expected CAGR for the South Korea Biomass Gasification Market from 2025 to 2035 is 7.669%.

    Which fuel type has the highest market value in the South Korea Biomass Gasification Market in 2024?

    In 2024, Municipal waste holds the highest market value at 1.4 USD billion within the South Korea Biomass Gasification Market.

    What is the market value for Agricultural Waste in the South Korea Biomass Gasification Market by 2035?

    The market value for Agricultural Waste is projected to reach 2.75 USD billion by 2035.

    Who are the key players in the South Korea Biomass Gasification Market?

    Key players in this market include Korea Electric Power Corporation, Samsung C&T, Eco & Nara, and Hyundai Engineering, among others.

    What is the anticipated market size for Forest Waste in 2035?

    The anticipated market size for Forest Waste is expected to be 2.2 USD billion by 2035.

    How does the market for Animal Waste compare to other segments in 2024?

    In 2024, the market for Animal Waste is valued at 0.9 USD billion, making it the second smallest segment after Agricultural Waste.

    What are the key growth drivers of the South Korea Biomass Gasification Market?

    The key growth drivers include the increasing demand for renewable energy sources and government initiatives on sustainability.

    What is the market size projection for Municipal Waste by 2035?

    The market size projection for Municipal Waste is expected to reach 3.19 USD billion by 2035.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. South
    59. Korea Biomass Gasification Market, BY Fuel Type (USD Billion)
    60. Agricultural
    61. Waste
    62. Forest waste
    63. Animal
    64. waste
    65. Municipal waste
    66. South
    67. Korea Biomass Gasification Market, BY Gasifier Technology (USD Billion)
    68. Fixed-bed
    69. gasifier
    70. fluidized bed gasifier
    71. entrained
    72. flow gasifier
    73. Others
    74. South
    75. Korea Biomass Gasification Market, BY Application (USD Billion)
    76. Hydrogen
    77. Generation
    78. Power Generation
    79. Chemicals
    80. Transportation
    81. Fuel
    82. Ethanol
    83. Biochar
    84. Competitive Landscape
    85. Overview
    86. Competitive
    87. Analysis
    88. Market share Analysis
    89. Major
    90. Growth Strategy in the Biomass Gasification Market
    91. Competitive
    92. Benchmarking
    93. Leading Players in Terms of Number of Developments
    94. in the Biomass Gasification Market
    95. Key developments and
    96. growth strategies
    97. New Product Launch/Service Deployment
    98. Merger
    99. & Acquisitions
    100. Joint Ventures
    101. Major
    102. Players Financial Matrix
    103. Sales and Operating Income
    104. Major
    105. Players R&D Expenditure. 2023
    106. Company
    107. Profiles
    108. Korea Electric Power Corporation
    109. Financial
    110. Overview
    111. Products Offered
    112. Key
    113. Developments
    114. SWOT Analysis
    115. Key
    116. Strategies
    117. Samsung C&T
    118. Financial
    119. Overview
    120. Products Offered
    121. Key
    122. Developments
    123. SWOT Analysis
    124. Key
    125. Strategies
    126. Eco & Nara
    127. Financial
    128. Overview
    129. Products Offered
    130. Key
    131. Developments
    132. SWOT Analysis
    133. Key
    134. Strategies
    135. Hyundai Engineering
    136. Financial
    137. Overview
    138. Products Offered
    139. Key
    140. Developments
    141. SWOT Analysis
    142. Key
    143. Strategies
    144. Cleantech Solutions
    145. Financial
    146. Overview
    147. Products Offered
    148. Key
    149. Developments
    150. SWOT Analysis
    151. Key
    152. Strategies
    153. Hanwha Solutions
    154. Financial
    155. Overview
    156. Products Offered
    157. Key
    158. Developments
    159. SWOT Analysis
    160. Key
    161. Strategies
    162. SK Energy
    163. Financial
    164. Overview
    165. Products Offered
    166. Key
    167. Developments
    168. SWOT Analysis
    169. Key
    170. Strategies
    171. Seoul City Gas
    172. Financial
    173. Overview
    174. Products Offered
    175. Key
    176. Developments
    177. SWOT Analysis
    178. Key
    179. Strategies
    180. LG Chem
    181. Financial
    182. Overview
    183. Products Offered
    184. Key
    185. Developments
    186. SWOT Analysis
    187. Key
    188. Strategies
    189. Green Energy 21
    190. Financial
    191. Overview
    192. Products Offered
    193. Key
    194. Developments
    195. SWOT Analysis
    196. Key
    197. Strategies
    198. Korea Biomass Energy
    199. Financial
    200. Overview
    201. Products Offered
    202. Key
    203. Developments
    204. SWOT Analysis
    205. Key
    206. Strategies
    207. POSCO Energy
    208. Financial
    209. Overview
    210. Products Offered
    211. Key
    212. Developments
    213. SWOT Analysis
    214. Key
    215. Strategies
    216. Korea Gas Corporation
    217. Financial
    218. Overview
    219. Products Offered
    220. Key
    221. Developments
    222. SWOT Analysis
    223. Key
    224. Strategies
    225. Daelim Energy
    226. Financial
    227. Overview
    228. Products Offered
    229. Key
    230. Developments
    231. SWOT Analysis
    232. Key
    233. Strategies
    234. Korean Biomass Association
    235. Financial
    236. Overview
    237. Products Offered
    238. Key
    239. Developments
    240. SWOT Analysis
    241. Key
    242. Strategies
    243. References
    244. Related
    245. Reports
    246. LIST
    247. OF ASSUMPTIONS
    248. South Korea Biomass Gasification Market
    249. SIZE ESTIMATES & FORECAST, BY FUEL TYPE, 2019-2035 (USD Billions)
    250. South
    251. Korea Biomass Gasification Market SIZE ESTIMATES & FORECAST, BY GASIFIER TECHNOLOGY,
    252. 2035 (USD Billions)
    253. South Korea Biomass Gasification
    254. Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD Billions)
    255. PRODUCT
    256. LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    257. ACQUISITION/PARTNERSHIP
    258. LIST
    259. Of figures
    260. MARKET SYNOPSIS
    261. SOUTH
    262. KOREA BIOMASS GASIFICATION MARKET ANALYSIS BY FUEL TYPE
    263. SOUTH
    264. KOREA BIOMASS GASIFICATION MARKET ANALYSIS BY GASIFIER TECHNOLOGY
    265. SOUTH
    266. KOREA BIOMASS GASIFICATION MARKET ANALYSIS BY APPLICATION
    267. KEY
    268. BUYING CRITERIA OF BIOMASS GASIFICATION MARKET
    269. RESEARCH
    270. PROCESS OF MRFR
    271. DRO ANALYSIS OF BIOMASS GASIFICATION
    272. MARKET
    273. DRIVERS IMPACT ANALYSIS: BIOMASS GASIFICATION
    274. MARKET
    275. RESTRAINTS IMPACT ANALYSIS: BIOMASS GASIFICATION
    276. MARKET
    277. SUPPLY / VALUE CHAIN: BIOMASS GASIFICATION MARKET
    278. BIOMASS
    279. GASIFICATION MARKET, BY FUEL TYPE, 2025 (% SHARE)
    280. BIOMASS
    281. GASIFICATION MARKET, BY FUEL TYPE, 2019 TO 2035 (USD Billions)
    282. BIOMASS
    283. GASIFICATION MARKET, BY GASIFIER TECHNOLOGY, 2025 (% SHARE)
    284. BIOMASS
    285. GASIFICATION MARKET, BY GASIFIER TECHNOLOGY, 2019 TO 2035 (USD Billions)
    286. BIOMASS
    287. GASIFICATION MARKET, BY APPLICATION, 2025 (% SHARE)
    288. BIOMASS
    289. GASIFICATION MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    290. BENCHMARKING
    291. OF MAJOR COMPETITORS

    South Korea Biomass Gasification Market Segmentation

    • Biomass Gasification Market By Fuel Type (USD Billion, 2019-2035)

      • Agricultural Waste
      • Forest waste
      • Animal waste
      • Municipal waste

     

    • Biomass Gasification Market By Gasifier Technology (USD Billion, 2019-2035)

      • Fixed-bed gasifier
      • fluidized bed gasifier
      • entrained flow gasifier
      • Others

     

    • Biomass Gasification Market By Application (USD Billion, 2019-2035)

      • Hydrogen Generation
      • Power Generation
      • Chemicals
      • Transportation Fuel
      • Ethanol
      • Biochar

     

     

     

     

     

     

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