U.S. Biochar Market is Estimated to Reach USD 4.94 million by 2020


Posted March 5, 2015 by john55364

According to the report, the U.S. Biochar Market was valued at USD 1.45 million in 2013 and is projected to reach USD 4.94 million by 2020, growing at a CAGR of 19.0% from 2014 to 2020.

 
Transparency Market Research has released a new market research report titled “Biochar Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to the report, the U.S. Biochar Market was valued at USD 1.45 million in 2013 and is projected to reach USD 4.94 million by 2020, growing at a CAGR of 19.0% from 2014 to 2020. In terms of volume, the U.S. Biochar Market stood at 2,187.58 tons in 2013 and is anticipated to reach 10,000 tons by 2020, growing at a CAGR of 24.3% from 2014 to 2020.

Browse the full Biochar Market report at
http://www.transparencymarketresearch.com/us-biochar-market.html

Biochar is essentially a charcoal, which is used for soil amendment purposes. However, unlike charcoal, biochar is prepared under the controlled process of carbonization and pyrolysis. Biochar is manufactured as a by-product of biomass pyrolysis and is capable of improving soil fertility while providing natural carbon sequestration. It acts as a soil enhancer by retaining the carbon present in the soil. Generally, the cost of biochar is too high for customers, and is therefore sold in the form of low-cost biochar fertilizer complexes or in small-sized bags (usually biochar mixes/engineered biochar). Biochar mixes are usually targeted at applications such as gardening and household applications. Consumers purchase pure or mixed biochar bags, which are designed to meet the requirement of small-scale users. Major uses of biochar include as a soil enhancer in gardening application, household application, and agriculture farms.

The U.S. biochar industry is in the development phase, with limited awareness among consumers. Increase in the awareness about the benefits of biochar, coupled with decrease in production cost for the same, is expected to drive the U.S. biochar market in the near future. Release of carbon dioxide into the atmosphere through the increasing use of fossil fuels has resulted in global warming. Fossil fuel is a carbon positive fuel that increases the amount of carbon in the atmosphere. Moreover, carbon is continually released into the atmosphere as a result of plants and animals decomposing. The ability of biochar to act as a carbon sink and its capability to sequester carbon is likely to drive growth in the U.S. biochar market in the future. However, most of the biochar applications (waste water treatment, energy production) are still unexplored, and thus raising the finance to carry out biochar projects is one of the major restraints to the biochar market in the U.S. The success of the U.S. biochar market largely depends on research activities directed towards establishing biochar as a prime product with proven benefits.

Manufacturers provide biochar in pure form and engineered biochar/biochar mixes that are designed to meet the requirement of small-scale users such as gardeners. The second set of manufacturers includes farmers and gardeners who produce biochar for their own use. There are very few technology providers in the U.S. biochar market. Most companies focus on producing biochar – particularly those with slow pyrolysis systems. In the last few years, the U.S. market has started to adopt biochar as an organic product capable of enhancing soil fertility. Many new companies have started manufacturing biochar in order to take the first mover advantage in the U.S. biochar market.

Browse the full Biochar Market Press Release report at
http://www.transparencymarketresearch.com/pressrelease/us-biochar-market.htm

Key participants in the U.S. biochar market include Agri-Tech Producers, LLC, Biochar Supreme, LLC, Cool Planet Energy Systems, Inc., Full Circle Biochar, and The Biochar Company. The report also analyzes several other players involved in the market including BioChar Products, CharGrow, LLC, Genesis Industries, LLC, Hawaii Biochar Products, LLC, New England Biochar, LLC, Phoenix Energy, Three Dimensional Timberlands, LLC, Tolero Energy, LLC, Vega Biofuels, Inc., and Victory Gasworks.

The research study estimates and analyzes the biochar market size in the U.S. in terms of volume (tons) and market revenue (USD Million).



The research study has been segmented as below:

U.S. Biochar Market: Application Segment
Gardening
Agriculture (Large Farms)
Household

Get Sample Free Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=3636


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Tags biochar market , biochar market analysis , biochar market trends , global biochar market
Last Updated March 5, 2015