Asia Pacific Biochar Market is poised to reach USD 640 million by 2021

12/set/2017 11:21:56 MDFtends Contatta l'autore

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The Asia Pacific Biochar Market was worth USD 310 million in 2016 and estimated to be growing at a CAGR of 15.7%, to reach USD 640 million by 2021. Biochar is a type of fine-grained charcoal rich in carbon and is procured by igniting organic mass in an oxygen free environment. It is mostly used as a soil additive as it enhances the soil quality which leads to larger growth of plants. The high CAGR of this market is due to and increasing food demand and decreasing soil quality due to excessive use of chemical fertilisers.

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Biochar improves the quality of soil by the addition of rich nutrients and mineral. It offers advantages like absorbing carbon from the atmosphere. It can be used for absorbing greenhouse gas CO2 leading to global warming. It has nutrient retaining capacity from flowing water. While producing biochar, it generates energy which is used for other purposes. It prevents soil erosion and is water absorbing.

The Asia Pacific Biochar market driving factors are agricultural sector requiring more Biochar, rigorous environmental regulations, rising usage of biochar as food stock, rising demand for organic farming and its use as waste management material among others. A few setbacks that this market has are lack of awareness  and its high price. However the awareness seems to improve rapidly.

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The Asia Pacific Biochar market is segmented by application into agriculture, gardening, households and others. Agriculture dominates the market having the largest market share of around 45% and is also the fastest growing segment. By technology, the market is divided into microwave pyrolysis, continuous pyrolysis, batch pyrolysis kiln, gasifier, hydrothermal, cook stove and others. By manufacturing the market is segmented into gasification, pyrolysis and others. Biochar is mostly produced by pyrolysis, hence it has the largest market share in this segment. By feedstock  the market is divided into agricultural waste, forestry waste, animal manure and biomass plantations.

The Asia Pacific market for Biochar is geographically segmented into India, China, Thailand and rest of Asia. Asia-Pacific is the fastest growing region in the world and the third largest in terms of share. China is the leading market in this region and is the third largest producer of Biochar.

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Some of the major companies dominating the Asia Pacific Biochar market are Biochar Products Inc., Diacarbon Energy Inc., Agri-Tech Producers LLC, Genesis Industries, Green Charcoal International, Vega Biofuels Inc., The Biochar Company, Cool Planet Energy Systems Inc., Full Circle Biochar, and Pacific Pyrolysis Pty Ltd.

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