Sun, 05 Dec 2021

According to the analysis of Reports and Data, Wood Vinegar Market is estimated to be valued at USD 4,493.2 Million in 2020 and is projected to reach USD 8,039.7 Million by 2028, at a CAGR of 7.4% from 2020 to 2028. Wood Vinegar is a derivative of charcoal. It is collected by carbonization, by heating biomass in a closed container. The smoke produced from the production of charcoal is cooled into a liquid and is further segmented into tar, wood vinegar, and bio-oil. Wood vinegar has around 80%-90% water and more than 200 organic compounds, including phenol, esters, acetic acid, ketones, methanol, and formic acid.

The report also covers the impact of the COVID-19 pandemic on the Wood Vinegar market and major segments. The pandemic has affected every industry vertical either positively or negatively. The report discusses in detail the changes in the demands and trends and the major challenges of the market created due to the pandemic. The report also offers a thorough current and future analysis of the impact of the COVID-19 pandemic on the overall growth of the market.

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The report presents a panoramic view of the competitive landscape of the Wood Vinegar market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry. The report also focuses on strategic alliances in the Wood Vinegar market, such as mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, licensing agreements, partnerships, corporate and government deals, and others.

Top Players Analyzed in the Report are:

* ACE (Singapore) Pvt. Ltd

* Canada Renewable Bioenergy Corp.

* Nettenergy BV (Netherlands)

* TAGROW CO. LTD. (China)

* Byron Biochar (Australia)

Further key findings from the wood vinegar market report suggest:

  • Based on the application, the wood vinegar market is categorized into food, agriculture, wastewater treatment, animal husbandry, wood tar, and others. Among these, agriculture held the largest share in the market during the 2013-2015 period. Due to the heavy utilization of fertilizers and pesticides for the prevention of insect attacks on crops, the demand for wood vinegar in the agriculture application is growing across the globe.
  • Based on the manufacturing process, the wood vinegar market is segmented into slow pyrolysis, fast and intermediate pyrolysis, and others. Among these, slow pyrolysis is expected to hold the largest share in the market during the forecast period due to the more prolonged vapor resistance time and slow heating degree offered by this manufacturing process. Further, slow pyrolysis provides a better yield of char, wood vinegar, and other products as compared to the standard and pyrolysis techniques. On account of this, the need for wood vinegar produced through slow pyrolysis is expected to rise in the forecast period.
  • As a fertilizer, Wood Vinegar is able to improve absorption through the roots of your plants, stimulate plant and vegetable growth; it also promotes healthy and balanced growth, enrich soil fertility, acts as a pest repellent, and improves the color, firmness, and flavor of the fruit. Due to such wide-ranging benefits offered by the wood vinegar or pyroligneous acid, in May 2018, Nettenergy signed a license agreement with Shirke Energy for its PyroFlash technology. The PyroFlash technology is the world's first commercially available 2nd generation Flash Pyrolysis technology that yields several products simultaneously from biomass. With this license agreement, Shirke Energy has obtained the right to produce PyroFlash installations in India. Moreover, a pyrolysis oil upgrading installation has been constructed by Shirke Energy. It permits the removal of all the water from the wet or dry pyrolysis oil. This leads to high viscous oil, solid at room temperature. The removed water fraction is high in the concentration of light organic substances such as acetic acid, acetol.

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Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented wood vinegar on the basis of type, application and region:

Based on Pyrolysis Method, the wood vinegar market has been segmented as follows: (Revenue, USD Million; 2020-2028)

  • Slow pyrolysis
  • Fast pyrolysis
  • Intermediate pyrolysis

Based on Application, the wood vinegar market has been segmented as follows: (Revenue, USD Million; 2020-2028)

  • Agriculture
  • Animal feed
  • Food, medicinal, and consumer products
  • Others (including industrial source for production of acetic acid, tar & creosote production, and waste water treatment)

Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Benefits of Global Wood Vinegar Market Report:

* Comprehensive analysis of the changing market dynamics

* A futuristic outlook on different factors influencing the market

* An 8-year forecast of the market growth and expected revenue growth

* Ease of understanding of the market, key segments, and their future growth

* In-depth analysis of the competitive landscape to give an advantageous edge for the companies

* Extensive insight into the market with in-depth analysis of the segmentation

Thank you for reading our report. For further queries or inquiries about customization, kindly connect with us to know more. Our team will ensure the report is tailored according to your needs.

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