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Market Overview:
Biochar Market size is estimated to reach $645 million by 2030, growing at a CAGR of 13.4% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Biochar Market - By Product Form (Liquid Suspension, Fine Powder, Coarse and Fine Chips, Pellets, Granules and Prills), By Technology (Pyrolysis, Gasification, Hydrothermal Carbonization, Others), By Feedstock Type [Corn Straw and Rice Straw, Gasified Rice Hulls, Biosolids and Green Waste, Hard Wood, Switchgrass, Timber Harvest Residues, Others (Pelleted Agricultural or Forestry Residues)], By Application (Electricity Generation, Livestock Feed, Soil Amendment, Forestry, Industrial Use, Waste Water Treatment, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”. The growth of the Biochar Market is fueled by the snowballing applications of biochar in environmental remediation with biochar being applied as a soil amendment to treat contaminated soils, thereby enhancing soil quality and application of designed biobased formulations made utilizing biochar materials and oxidized cellulose nanofibers suffused into methyl hydroxyethyl cellulose as coating agents of phosphate fertilizer.
Asia-Pacific Dominated the Market in 2022:
Asia-Pacific held the largest Biochar Market share with 64% of the overall market in 2022 owing to the demand for sustainable agriculture practices, which include the use of biochar as a soil amendment. The surging application of biochar for waste management and the emergence of pyrolysis technology for transforming lignocellulosic biomass formed of hemicellulose, cellulose and lignin into biochar as a frontier research domain for the elimination of pollutants is fueling the growth of the Biochar industry. In 2022, as per the MDPI Biochar article, slow pyrolysis dominates the production of biochar by over half of the market share and is expected to increase market growth in the future, particularly in China.
Biochar Market Growth Drivers:
Dynamic Life-Cycle Carbon Analysis for Fast Pyrolysis Drives the Growth Biochar Market Growth:
Woody biomass is designed as a potential feedstock for biofuel generation through fast pyrolysis. Comprehensive Life Cycle Assessment investigations have been concluded to assess the carbon intensity of woody biomass-derived biofuels through fast pyrolysis. In this investigation, a life-cycle carbon analysis framework assimilating dynamic modeling for forest and biorefinery systems with a time-based discounted Global Warming Potential (GWP) technique was established. The framework examined dynamic carbon and energy flows of a supply chain for biofuel generation from pine residues through fast pyrolysis.
The mean carbon intensity of biofuel provided by Monte Carlo simulation across three pine growth cases extended from 40.8–41.2 g CO2e MJ−1 (static technique) to 51.0–65.2 g CO2e MJ−1 (applying the time-based discounted GWP technique) when combusting biochar for energy recovery.
It was concluded that the carbon temporal effect, specifically the time delay of carbon sequestration during pine growth, has a direct impact on the carbon intensity of biofuels generated from pine residues from a stand-level pine growth and management point of view. The extensive investigations on dynamic life-cycle carbon analysis for fast pyrolysis biofuel generated from pine residues are therefore driving the growth of the Biochar Market.
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Better Biochar production techniques are contributing to supply-side efficiency
New production techniques such as gasification, pyrolysis and hydrothermal carbonization offer more efficient and sustainable ways to produce biochar from a wide range of biomass feedstocks. There is burgeoning attention toward biochar production from organic waste. Slow pyrolysis produces biochar as a principal product (35-45%) together with additional products like bio-oil (25-35%) and syngas (20-30%). The principal products of fast pyrolysis are bio-oil and syngas instead of biochar when exposed to the upgrading process for the generation of liquid transportation fuels or fuel additives.
Gasification is a typical method for generating syngas from distinct solid fuel resources. Blended biochar has been made from corn stalks and sludge to optimize the properties of anaerobic fermentation gas production. In microwave-assisted biochar production, the feedstock communicates with electromagnetic radiation. The current biochar production techniques are therefore propelling the growth of the Biochar Indu
Scope of the Report:
Recent Developments:
- In December 2022, EVOIA declared its earliest product AmpliFYR – a seed treatment made from biochar. AmpliFYR is being introduced for spring 2023 application in corn, soybeans, wheat and additional row crops.
- In June 2021, SUEZ Group and Airex Energy shaped a partnership to offer solutions to regions and industries on their path toward carbon neutrality. The proficiency of the two Groups will allow them to industrialize the recovery of biomass residues into biochar.
Biochar Market: Competitive Landscape
Key companies profiled in the Biochar Market are Airex Energy (Airex Industries Inc.), Biochar Industries, Biochar Supreme, LLC, Swiss Biochar GmbH, ArSta eco Pvt Ltd, BlackCarbon A/S, Carbon Terra GmbH, Earthly Biochar, Carbonis GmbH & Co. KG and Farm2Energy Pvt. Ltd.
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