13 Jul 2015 07:07:33
Global Biochar Industry to Increase at a Growth Rate of 14.8% between 2013 and 2019
Biochar is a byproduct of charcoal and is obtained by carbonization of biomass. It enhances the quality of the soil by retaining agrochemicals and soil nutrients, thereby decreasing the green house gas emissions. The carbon emissions from natural and industrial procedures can also be reduced using biochar for carbon sequencing. In addition to the soil amendment and carbon sequestration, the sustainable biochar practices can yield various products that can be utilized as fuel.
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The production of biochar, at present, is in its initial stages along with emerging small scale production technologies. The global biochar market is likely to develop as a result of agronomic benefits such as high fertility and enhanced soil structure added with positive environmental effects including nutrient retention and stability. Biochar can be utilized for various environmental applications such as capturing nitrogen, zinc, phosphorous, and other elements along with organic contaminating substances in waste water systems.
Availability of cheaper feedstock, potential for food and water security as well as waste management, and environment benefits are the key drivers for the biochar industry all over the world. Active R&D by several institutes globally, is most likely to propel the market’s growth. Conferences and promotional activities promoting benefits and uses of biochar at various levels are expected to result in increased demand. As of 2013, the market was at an emergent stage with companies offering small volumes at a regional level for gardening and tree care applications. Biomass from wood was the primary feedstock for biochar market.
Apart from this, the global biochar market is likely to experience a surging demand owing to its capability to improve fertilizer efficiency and nutrient sorption, raise water holding capacity of the soil, and restrict the emission of nitrous oxide and methane gas from soil.
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The revenue generated by the global biochar industry had reached US$229.3 million in 2013. It is expected that it will worth US$572.3 million by 2020. The market is expected to rise at a CAGR of 14.8% between 2013 and 2020.
On the basis of application, energy based biochar and non-energy based biochar are the two market segments of the global market. Source for power plant and other energy generation are the two sub-segments of the energy-based biochar market, whereas forestry, carbon sequestration, gardening, mine reclamation, agriculture, and others are sub-segments of non-energy based biochar market.
Considering feedstock, forestry waste, agriculture waste, biomass plantation, and animal manure are the sectors of the global biochar market.
Based on technology, the global market for biochar is segmented by process into slow pyrolysis, microwave pyrolysis, fast and intermediate pyrolysis, and gasification, whereas by equipment it is categorized into continuous pyrolysis kiln, gasifier and cook stove, batch pyrolysis kiln, and others such as rotary kiln and microwave pyrolysis.
The global production volume of commercial biochar was about 100 kilo tons in 2013. The largest share was occupied by North America with 55% of the total market share, followed by Asia Pacific with 23%, Europe with 20%, and Rest of the World with a 2% share of the overall biochar market. It is likely to rise to 300 kilo tons at a 20.1% CAGR during the forecast period.
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The key participants in the global market for biochar are Phoenix Energy, Blackcarbon A/S, Diacarbon Energy, Inc., Genesis Industries, LLC, Cool Planet Energy Systems, Inc., Pacific Pyrolysis Pty Ltd., The Biochar Company, Hawaii Biochar Products, LLC, Earth Systems Pty Ltd, Agri-Tech Producers, LLC, Vega Biofuels, Inc., Green Charcoal International, Biochar Products, and Chargrow, LLC. Vega Biofuels is the leading player in the global biochar market, which provides highly absorbent and specifically designed products for agricultural applications such as soil amendment helping in ample production.
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