Biochar is a porous stable solid, which is rich in carbon. It is produced from the carbonization of biomass. It is a type of charcoal used for soil amendment and filtration. Biochar’s carbon sequestration characteristics help mitigate climate change. It is naturally found in soil as a result of natural vegetation or forest fires.
Technavio's analysts forecast the global biochar market to grow at a CAGR of 15.46 percent over the period 2014-2019.
Covered in this report
The report includes the segmentation of the market based on application, geography, technology, and feedstock.
Technavio's report, Global Biochar Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Biochar Market 2015-2019
Technavio recognizes the following companies as the key players in Global Biochar Market 2015-2019: Agri-Tech Producers LLC, Biochar Products, Diacarbon Energy Inc. and Pacific Biochar Pty Ltd
Other Prominent Vendors in the market are: Phoenix Energy, Advanced BioRefinery, Avello Bioenergy, Biochar Now, Biochar Supreme, Biogreen-Energy, DynaMotive Energy Systems, Encendia Biochar, Green Harvest Group, International Tech and Tolero Energy
Commenting on the report, an analyst from Technavio’s team said: “One of the main factors restricting the commercialization of biochar is the cost of biochar manufacturing equipment. However, investment is made in the R&D of biochar production technologies, which is expected to reduce the manufacturing cost of biochar. Also, governments worldwide are providing grants and subsidies to support capital for biochar production equipment. They are investing in R&D through public-private partnerships that have enhanced the production of innovative biochar equipment. These factors will help reduce the cost of biochar significantly in the next five years.”
According to the report, the advantages of biochar carbon sequestration projects including reduction of greenhouse gases emissions are propelling market growth as carbon can be retained in the soil for a long period of time.
Further, the report states that a lack of demonstration projects acts as a growth barrier for the market.
Agri-Tech Producers, Biochar Products, Diacarbon Energy, Pacific Biochar, Phoenix Energy, Advanced BioRefinery, Avello Bioenergy, Biochar Now, Biochar Supreme, Biogreen-Energy, DynaMotive Energy Systems, Encendia Biochar, Green Harvest Group, International Tech, Tolero Energy