Biochar is a type of charcoal which is obtained from burning the different types of bio-wastes available such as plant waste, animal waste, wood waste, and so on. Biochar is obtained through a process called as pyrolysis in which the bio-waste is heated to a certain temperature in the absence of oxygen, the resultant product is biochar along with the sub-products - bio-oil and syngas.
The biochar obtained is rich in carbon content and is obtained through different processes such as gasification, microwave pyrolysis and so on. This report studies the current and future aspects of the biochar market.
The report on the global biochar market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions.
It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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The global biochar market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North America region holds the highest market share and is the largest revenue contributor of biochar market.
The region continues to dominate the global market during the forecasted period because of rise in demand for fertile soil that can be used for agricultural purposes. Next in line is the Asia Pacific region, which is witnessing a rapid growth of the biochar market due to increased usage of biofuels across various applications.
In addition, emerging countries like China and India have a large number of biochar manufacturers which is boosting the market further. The Europe region is showcasing a stable market during the forecasted period because of the increased awareness among public about the benefits of using biochar.
This report analyzes the biochar market by the following segments:
- Biochar Market, by Feedstock Type
- Woody Biomass
- Agricultural Waste
- Animal Manure
- Biochar Market, by Application
- Electricity Generation
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