Wood Vinegar Market Analysis, Size, Applications Share, Trends & Forecast, 2017 – 2024

1. Wood Vinegar Market Research Reports & Industry Analysis, 2017 – 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

2. Regional Analysis of Wood Vinegar Market : • Asia Pacific holds a major share in wood vinegar market growth due to rapid acceptance as important farming input material. It is produced locally as a substitute of synthetic chemicals with low production costs. Increasing adoption of organic based food is an additional growth factor for wood vinegar market in the region. • North America and Europe wood vinegar market are expected to grow at a relatively high growth rate due to extensive use of chemical fertilizers in various industries including agricultural and chemical processing. Latin America and Middle East & Africa wood vinegar market are projected to witness sluggish growth owing to severe political and economic turmoil in the region.

3. Application Analysis of Wood Vinegar Market : • Based on pyrolysis method, wood vinegar market has been segmented into three major divisions including slow pyrolysis, intermediate and fast pyrolysis. Slow pyrolysis method is expected to hold largest market share owing to its superior properties including low temperature, long vapor resistance time and slow heating rate. Slow pyrolysis also offers better yields of wood vinegar, char and other products compared to intermediate and fast pyrolysis. However, the process generates low energy yield, is more time consuming and leads to pollution. • Agricultural segment is the largest growing application sector of wood vinegar market due to extensive use in pesticides and fertilizers for the prevention of insect attack on crops. By mixing with manure, it reduces odor and helps in productive composting techniques. It helps in growth of a wide range of enzymes and microbes acting as a catalyst and provides effective nutrient absorption and cell growth in crops. When used as a feed supplement with charcoal in poultry, it removes several bacteria, which causes gastric disease in poultry animals. It also improves the egg lying feature of hens.

4. Competitive Market Share of Wood Vinegar Market : • Global wood vinegar market is categorized by low competition owing to the presences of few large and small scale industry players. Some of the dominated players are Canada Renewable Bioenergy, TAGROW, ACE, Verdi Life, Byron Biochar, Doi & Co, New Life Agro and Penta Manufacturer. Other players include Taiko Pharmaceutical, Mizkan Group, Nettenergy, BIG CHAR and Fuqin Science & Technology. • Acquisition and joint ventures are the main strategies adopted by these players to guarantee their market growth. In 2012, Japan based Mizkan Group acquired the Sarsos’s and Dufrais wood vinegar businesses from British food manufacturer, Premier Foods to strengthen its production capacity targeting the north American vinegar market.

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