U.S. Biochar Market to Reach US$4.9 mn by 2020 due to Rising Consumer Awareness and Cost Reduction

The U.S. biochar market is expected to reach US$4.9 mn by the end 2020. It was recorded at US$1.4 mn in 2013 and is exhibiting a CAGR of 19.0% within a forecast period from 2014 to 2020. The data is provided in a research report released by Transparency Market Research, titled “Biochar Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”

Complete Report U.S. Biochar Market with TOC : http://www.transparencymarketresearch.com/us-biochar-market.html

Biochar is generated from biomass. It is created through a process known as carbonization and is usually sold as a solid material. The main purpose of biochar is to improve the fertility of arable soil and also to cut down on carbon emissions. This is done with the help of biochar through a process known as carbon sequestration. Large-scale use of biochar can successfully reduce carbon emissions from both natural and industrial sources. Biochar can also be used to enhance the quality of water by absorbing soil nutrients and agrochemicals that would otherwise mix with usable water and add to water pollution. Additionally, biochar can also be used to generate fuel.

In terms of volume, the U.S. biochar market is exhibiting a CAGR of 24.30% between 2014 and 2020. This market totaled 2.2 kilo tons in 2013 and is expected to rise to 10.0 kilo tons by the end of the report’s forecast period.

The report segments the U.S. biochar market in terms of application into household, agriculture (large farms), and gardening.

The current growth rate of the U.S. biochar market is supported largely by its use as a carbon sink as a result of carbon sequestration. Biochar is mostly used to reduce the carbon levels in the environment. However, other areas of use have not been explored yet, including energy production and wastewater management. The rising demand for these utility segments is expected to provide a significant boost to the U.S. biochar market’s growth rate in the future. For now, these areas of use are restricted to government financing with respect to research and development efforts.

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The report further states that the future of the U.S. biochar market will be dependent on the establishment of biochar as a major or even primary soil enhancer and wastewater treatment method. The benefits of biochar are proven and can be explored even further.

Two of the biggest restraints that currently affect the U.S. biochar market are the extremely low awareness among consumers about the use of biochar and the high costs associated with the production of biochar. This can be resolved through sequentially introducing general consumers to biochar and its benefits, along with the influx of new players. A larger competitive landscape will help promote healthy competition, giving rise to lower costs and innovativeness in production techniques.

The prominent players in the U.S. biochar market include Victory Gasworks, Vega Biofuels, Inc., Tolero Energy, LLC, Three Dimensional Timberlands, LLC, Phoenix Energy, New England Biochar, LLC, Hawaii Biochar Products, LLC, Genesis Industries, LLC, CharGrow, LLC, and BioChar Products. At the same time, the U.S. biochar market is led by companies such as Full Circle Biochar, Agri-Tech Producers, The Biochar Company, Cool Planet Energy Systems, Inc., and Biochar Supreme, LLC.

Key segments of the U.S. Biochar Market

U.S. Biochar Market: Application Segment

Gardening
Agriculture (large farms)
Household

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