Biochar Market to Be Valued at US$572.3 Million by 2020: Transparency Market Research

Transparency Market Research has announced the release of a report titled “Global Biochar Market - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014-2020.” According to the findings of the report, the biochar market revenue globally was US$229.3 million as of 2013, and is projected to hit US$572.3 million by 2020, registering a 14.8% CAGR from 2013 to 2020. In terms of volume, global commercial production of biochar is poised to grow from 100 kilo tons to 300 kilo tons between 2013 and 2020, charting a CAGR 20.1%.

Browse report: http://www.transparencymarketresearch.com/biochar-market.html

Global Outlook

The report states that in 2013, North America accounted for 55% of the global biochar production volume, followed by Asia-Pacific with 23%, Europe with 20% and the Rest of the World region with 2%. Some of the key factors fueling the growth of the biochar market are availability of cheaper feedstock, potential for waste management, environment friendliness, and scope for food and water security. Moreover, there have been growing efforts and R&D activities by research institutes in the field of biochar that has boosted the market. Conferences and promotional activities across the globe have propagated the benefits and applicability of biochar at various levels.

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Competitive Landscape

The report highlights key players within the global biochar market and provides a detailed overview of each company. Some of the leading participants of the biochar market are Vega Biofuels, Inc., Agri-Tech Producers, LLC, The Biochar Company, Pacific Pyrolysis PTY Ltd., Hawaii Biochar Products, LLC, Diacarbon Energy, Inc., Genesis Industries, LLC, Blackcarbon A/S, Chargrow, LLC, and Phoenix Energy.

Press Release: http://www.transparencymarketresearch.com/pressrelease/biochar-market.htm

The report segments the biochar market by geography, feedstock, application, and technology and provides in-depth analysis and insight into each category. Apart from this, the report also offers strategic recommendations and growth forecasts of the biochar industry.

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