0

Wood Vinegar Market Expected to Reach $6.4 million by 2027 —Allied Market Research

 
2022
Wood Vinegar Market

Report Code : A09273

quote The wood vinegar market is anticipated to witness considerable growth, owing to factors such as rise in demand for wood vinegar from the developing economies of Asia-Pacific and LAMEA. This is attributed to numerous factors such as rising demand for agriculture and animal feed and others, favorable government initiatives for organic farming and others. quote

Eswara Prasad
Manager, Chemical & Materials at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research titled, “Wood Vinegar Market by Pyrolysis Method and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the wood vinegar market was valued at $4.5 million in 2019, and is projected to reach $6.4 million by 2027, growing at a CAGR of 7.0% from 2020 to 2027. 

Wood vinegar is also known as wood acid or pyroligneus acid. It is a liquid substance produced by pyrolysis process. Different type of biomass is used to produce wood vinegar, such as agricultural residues, crops, wood, and others. The general types of biomass used are sawdust and hardwood chips.

The global wood vinegar market is witnessing significant growth, owing to increase in demand for wood vinegar in agricultural and animal feed application. The wood vinegar market is under developed stage as wood vinegar is majorly used in the Asia-Pacific region. 

The wood vinegar market is analyzed on the basis of three segments—pyrolysis method, application, and region. On the basis of pyrolysis method, the market is categorized into slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. On the basis of application, the market is classified into agriculture, animal feed, food, medicinal, & consumer products, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The wood vinegar market share is analyzed for all significant countries by segment.

On, the basis of pyrolysis method, slow pyrolysis has garnered the highest share in the wood vinegar market in 2019. Slow pyrolysis method is used in the production of wood vinegar owing to various benefits such as high yield at less temperature, profitable as compared to other pyrolysis methods, less emissions, and others.

On, the basis of application, agriculture has garnered highest share in the wood vinegar market. It has garnered 41.2% in 2019. Wood vinegar is an excellent pesticide and fertilizer that enhances quality of soil, aids elimination of pests, and helps in the growth of the plant. It assists in the development of stronger roots for the crops, protection from the dangerous insects and diseases, depletion of odors from developed manures, and others. 

The wood vinegar market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the wood vinegar market include Applied Gaia Corporation, Ace (Singapore) Pte Ltd. (ACE), Tagrow CO., Ltd. (Tagrow), Sane Shell Carbon (SSC), Shandong Toroyal Group (Toroyal Group), New Life Agro (NL Agro), Dongying Runyi Biological Technology Co., Ltd. (DRBT CO., Ltd.), Nettenergy BV, DOI & CO., LTD.

Key Findings Of The Study

  • The wood vinegar market is analyzed from 2019 to 2027
  • The wood vinegar market size is provided in terms of revenue
  • Depending on the pyrolysis method, the fast pyrolysis segment is projected to grow at the highest CAGR of nearly 6.8%, in terms of revenue, during the forecast period
  • Region wise, North America is expected to register the CAGR of nearly 6.0%, in terms of revenue, in the coming future
  • By application, the animal feed segment is estimated to exhibit the CAGR of 6.9%, in terms of revenue
  • LAMEA also dominated the market with a share of over 26.4% in 2019, in terms of revenue
  • A comprehensive analysis of the factors that drive and restrain the market growth is provided in the report
  • The qualitative data in this report aims at the market dynamics, wood vinegar market trends, and developments in the industry

Impact of COVID-19 on the wood vinegar market

  • The manufacturing as well as supply regions or countries witnessed economic slowdown, owing to the lockdown implemented across several countries. The downstream section of the value chain that is the end user industry has witnessed less demand, which has impacted the wood vinegar market growth. 
 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Wood Vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, and Intermediate Pyrolysis) and Application (Agriculture, Animal Feed, Food, Medicinal & Consumer Products, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample
rep-img

Published Date Oct 2024

Argan Oil Market

Download Sample

Buy Full Version
"Wood Vinegar Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers