The report "Wood Vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, and Intermediate Pyrolysis), Application (Agriculture, Animal Feed, Food, Medicinal, and Consumer Products), and Region - Global Forecast to 2022", The wood vinegar market is projected to reach a value of USD 6.7 Million by 2022 at a CAGR of 7.2%. The market is driven by factors such as demand for bio-based agricultural inputs and rise in applications of wood vinegar in various industries in Asia-Pacific and Europe. The high growth potential in the emerging markets and untapped regions provides new growth opportunities for the market players.
The objectives of the study includes:
To understand and analyze the market segmentation, such as type, function, and application
To understand the structure of the wood vinegar market by identifying its various subsegments
To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
To strategically profile key players and comprehensively analyze their core competencies
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The global market, based on pyrolysis method, has been segmented into slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. Slow pyrolysis method accounted for the largest market share in 2015. Slow pyrolysis process is mainly characterized by slow heating rate, long vapor residence time, and low temperature compared to fast pyrolysis. Slow pyrolysis offers better yields of char, wood vinegar, and other products compared to fast and intermediate pyrolysis. However, the process has comparatively low energy yield, is more time consuming, and leads to more pollution.
The wood vinegar market, based on application, has been segmented into agriculture, animal feed, food, medicinal, and consumer products, and others including industrial source for production of acetic acid, tar & creosote production, and waste water treatment. The agriculture segment accounted for the largest share of this market in 2015. It is used as a pesticide and fertilizer as has multifunctional benefits. It also helps in controlling the impact of harmful insects on crops. When mixed with manure, it reduces odor and helps in composting. Wood vinegar facilitates cell growth and also helps as a catalyst for the growth of a range of enzymes and microbes that are beneficial for nutrient absorption, photosynthesis, and cell growth. When charcoal and wood vinegar are used as feed supplements in poultry, it eliminates bacteria such as salmonella, which causes gastrointestinal diseases in poultry animals. It also helps in improving the egg-laying characteristics of hens.
The Asia-Pacific region is expected to witness rapid growth in the wood vinegar market. This is due to the consumer acceptance for wood vinegar as an essential natural farming input. Domestically produced wood vinegar is utilized as a pesticide in countries where synthetic chemicals are not easily available, as well as in areas where the cost of chemicals is high for small-scale farmers. On a global scale, wood vinegar is used as a biopesticide, this is due to the need to minimize environmental risk as a result from chemical pesticides. Furthermore, the increasing demand for organic farming is expected to positively influence the wood vinegar market in the Asia-Pacific region in 2016 which is also projected to lead to a large market share during the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as ACE (Singapore) Pte Ltd, Canada Renewable Bioenergy Corp., Nettenergy BV (Netherlands), TAGROW CO., LTD. (China), and Byron Biochar (Australia).
Agricultural biological manufacturers/suppliers
Wood vinegar manufacturers/processors