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| Report Code: A09273 | Jan 2021 | Pages: 169 | ||
| Tables: 76 | Charts: 40 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Wood Vinegar Market
Request Now !The global 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.
The outbreak of COVID-19 hindered the market growth by disrupting the industrial manufacturing activities in Asia-Pacific region; as it is the manufacturing hub for wood vinegar.
Wood vinegar is produced by using destructive distillation process. It is also known as pyroligneous acid or wood acid. It is a dark liquid produced by wood and other biomass materials. The main ingredients of wood vinegar are methanol, acetone, and acetic acid. Wood vinegar was used as a commercial source for acetic acid. Furthermore, it majorly comprises around 70-90% water with some organic content. Wood vinegar is also used for food preservation application for meat, fish, and others. This is attributed to its antimicrobial contents such as acetate, methyl ethyl ester, alcohol, aldehyde, ketone, and others. In addition, wood vinegar is highly adopted in agricultural practices as the outcome of using wood vinegar for agricultural application has resulted in increased crop yield. It is used as weed growth inhibitor, repellent, plant growth promoter, and others. It promotes cell growth and also works as a catalyst for the development of various microbes that are responsible for photosynthesis, nutrient absorption, and others. Increase in demand for personal care products with organic formulations drives the demand of the global market. There is significant rise in awareness regarding chemical-based personal care products, which results in increase in demand for personal care products with organic formulations. Therefore, the demand for products such as wood vinegar has increased in the recent years. But the consumer base for wood vinegar in personal care products is expected to increase in the coming years. Wood vinegar is used in personal care products such as sun screen lotion, soap, and others.
The wood vinegar market is anticipated to witness significant growth due to numerous factors such as technological advancement in production method, rise in demand from Asia-Pacific, and others. In addition, it is a great alternative for synthetic pesticide and fertilizer. It has enormous use in agriculture such as anti-pathogenic fungal, plant growth promoter, weed grow inhibitor, and others. However, lack of awareness regarding wood vinegar hinders the wood vinegar market growth. In addition, restrictions on burning of biomass wood in some of the regions limits the growth of wood vinegar market. On the contrary, rise in application of wood vinegar such as anti-protozoa, anti-bacterial, and sterilizing agent is expected to offer lucrative opportunities during the forecast period. In addition, the demand for wood vinegar is expected to increase in the coming years. This is attributed to rise in trend of organic farming. There is an increase in the adoption of organic farming all around the world owing to rise in awareness regarding the disadvantages by chemical-based pesticides and fertilizers. This creates a lucrative opportunity for wood vinegar manufacturers as wood vinegar offers numerous benefits in agriculture applications.
The wood vinegar market is segmented on the basis of pyrolysis method, application, and region. By pyrolysis method, the market is divided into slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. The application covered in the study includes agriculture, animal feed, food, medicinal and consumer products, and others. Region wise, the wood vinegar market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The wood vinegar market share is analyzed for all regions and segments
The wood vinegar market analysis covers in-depth information of the major industry participants. Some of the major players 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.
By pyrolysis method, slow pyrolysis method has garnered highest share in the wood vinegar market in 2019. It has garnered 69.1% share in 2019. Slow pyrolysis produces a vital amount of an aqueous fraction containing organic acids that is known as wood vinegar. In addition, this method offers various advantages such as higher yield than other methods, requires less temperature, great ability to handle low quality and inhomogeneous feedstock and others. The only disadvantage of slow pyrolysis is time taken for the process. In addition, slow pyrolysis method is also expected to grow at fastest growth rate of 7.1% during the forecast period. As wood vinegar and this pyrolysis method both has not been much explored in North America and Europe for producing wood vinegar and has been limited in Asia-Pacific region, especially South East Asian countries.
Fast pyrolysis segment garnered second highest share in the wood vinegar market. It has garnered 18.2% in 2019. This is attributed to its benefits such aa less vapor residence time. The disadvantage of this process is requirement of high temperature.
On the basis of application, the agriculture sector has garnered the highest market share in 2019. The agriculture segment has garnered 41.2% in 2019. This is attributed to increase wood vinegar’s dominant use in numerous agricultural application such as pesticides, weed grow inhibitor, repellent, plant growth promoter, and others.
Animal feed segment garnered second highest share in the market. It garnered 33.3% in 2019. Wood vinegar along with charcoal are used as feed supplements in poultry. It efficiently controls the production of odor causing bacteria on the animal. In addition, it also destroys bacteria responsible for gastrointestinal diseases in poultry animals.
Region wise, Asia-Pacific has garnered highest share in wood vinegar market in 2019. Asia-Pacific garnered 36.6% in 2019. This is attributed to presence of major countries such as China, Japan, Malaysia, and others in the regions. These countries have presence of key players and having long tradition on the use of slow pyrolysis techniques for various products such as wood vinegar, charcoal, and others.
Key Benefits For Stakeholders
Impact of COVID-19 on the wood vinegar market
Wood Vinegar Market Report Highlights
| Aspects | Details |
|---|---|
| By Pyrolysis Method |
|
| By Application |
|
| By Region |
|
| Key Market Players | Shandong Toroyal Group, Ace (Singapore) Pte Ltd, Applied Gaia Corporation, DOI & CO., LTD., TAGROW CO., LTD., Nettenergy BV, New Life Agro, Sane Shell Carbon, Dongying Runyi Biological Technology Co., Ltd. |
CHAPTER 1:INTRODUCTION
1.1.Report description
1.1.1.Key benefits for stakeholders
1.2.Key market segments
1.3.Research methodology
1.3.1.Primary research
1.3.2.Secondary research
1.3.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.Key findings
2.2.1.Top investment pockets
2.3.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping wood vinegar market
3.2.1.Bargaining power of the supplier
3.2.2.Bargaining power of the buyer
3.2.3.Threat of Substitutes
3.2.4.Threat of new entrant
3.2.5.Competitive rivalry
3.3.Market Dynamics
3.3.1.Drivers
3.3.1.1.Enhanced crop yield
3.3.1.2.Increase in demand for personal care products with organic formulation
3.3.2.Restraint
3.3.2.1.Low Awareness About Wood Vinegar
3.3.3.Opportunity
3.3.3.1.Rising trend of organic farming
3.4.Value Chain
3.5.Patent analysis, By Country (2014 to 2020)
3.6.Impact of COVID-19 outbreak on the market
CHAPTER 4:WOOD VINEGAR MARKET, BY PYROLYSIS METHOD
4.1.Overview
4.1.1.Market size and forecast
4.2.Slow Pyrolysis
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.Fast Pyrolysis
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
4.4.Intermediate Pyrolysis
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country
CHAPTER 5:WOOD VINEGAR MARKET, BY APPLICATION
5.1.Overview
5.1.1.Market size and forecast
5.2.Agriculture
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.Animal Feed
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
5.4.Food, Medicinal and Consumer Products
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country
5.5.Others
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country
CHAPTER 6:WOOD VINEGAR MARKET, BY REGION
6.1.Overview
6.1.1.Market size and forecast
6.2.North America
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by pyrolysis method
6.2.3.Market size and forecast, by application
6.2.4.Market size and forecast, by country
6.2.5.U.S.
6.2.5.1.Market size and forecast, by pyrolysis method
6.2.5.2.Market size and forecast, by application
6.2.6.Canada
6.2.6.1.Market size and forecast, by pyrolysis method
6.2.6.2.Market size and forecast, by application
6.2.7.Mexico
6.2.7.1.Market size and forecast, by pyrolysis method
6.2.7.2.Market size and forecast, by application
6.3.Europe
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by pyrolysis method
6.3.3.Market size and forecast, by application
6.3.4.Market size and forecast, by country
6.3.5.Germany
6.3.5.1.Market size and forecast, by pyrolysis method
6.3.5.2.Market size and forecast, by application
6.3.6.France
6.3.6.1.Market size and forecast, by pyrolysis method
6.3.6.2.Market size and forecast, by application
6.3.7.Italy
6.3.7.1.Market size and forecast, by pyrolysis method
6.3.7.2.Market size and forecast, by application
6.3.8.Spain
6.3.8.1.Market size and forecast, by pyrolysis method
6.3.8.2.Market size and forecast, by application
6.3.9.Rest of Europe
6.3.9.1.Market size and forecast, by pyrolysis method
6.3.9.2.Market size and forecast, by application
6.4.Asia-Pacific
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by pyrolysis method
6.4.3.Market size and forecast, by application
6.4.4.Market size and forecast, by country
6.4.5.China
6.4.5.1.Market size and forecast, by pyrolysis method
6.4.5.2.Market size and forecast, by application
6.4.6.Japan
6.4.6.1.Market size and forecast, by pyrolysis method
6.4.6.2.Market size and forecast, by application
6.4.7.India
6.4.7.1.Market size and forecast, by pyrolysis method
6.4.7.2.Market size and forecast, by application
6.4.8.Malaysia
6.4.8.1.Market size and forecast, by pyrolysis method
6.4.8.2.Market size and forecast, by application
6.4.9.Australia
6.4.9.1.Market size and forecast, by pyrolysis method
6.4.9.2.Market size and forecast, by application
6.4.10.Rest of Asia-Pacific
6.4.10.1.Market size and forecast, by pyrolysis method
6.4.10.2.Market size and forecast, by application
6.5.LAMEA
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by pyrolysis method
6.5.3.Market size and forecast, by application
6.5.4.Market size and forecast, by country
6.5.5.Brazil
6.5.5.1.Market size and forecast, by pyrolysis method
6.5.5.2.Market size and forecast, by application
6.5.6.Chile
6.5.6.1.Market size and forecast, by pyrolysis method
6.5.6.2.Market size and forecast, by application
6.5.7.South Africa
6.5.7.1.Market size and forecast, by pyrolysis method
6.5.7.2.Market size and forecast, by application
6.5.8.Rest of LAMEA
6.5.8.1.Market size and forecast, by pyrolysis method
6.5.8.2.Market size and forecast, by application
CHAPTER 7:COMPETITIVE LANDSCAPE
7.1.Introduction
7.1.1.Market player positioning, 2019
CHAPTER 8:COMPANY PROFILES
8.1.Ace (Singapore) Pte Ltd
8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Product portfolio
8.2.TAGROW CO., LTD.
8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio
8.3.Sane Shell Carbon
8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio
8.4.Shandong Toroyal Group
8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio
8.5.New Life Agro
8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Product portfolio
8.6.Applied Gaia Corporation
8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio
8.7.Dongying Runyi Biological Technology Co., Ltd.
8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Product portfolio
8.8.DOI & CO., LTD.
8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio
8.9.Nettenergy BV
8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio
LIST OF TABLES
TABLE 01.GLOBAL WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019–2027 ($THOUSAND)
TABLE 02.WOOD VINEGAR MARKET, BY SLOW PYROLYSIS METHOD, BY REGION, 2019-2027 ($THOUSAND)
TABLE 03.WOOD VINEGAR MARKET, BY FAST PYROLYSIS METHOD, BY REGION, 2019-2027 ($THOUSAND)
TABLE 04.WOOD VINEGAR MARKET, BY INTERMEDIATE PYROLYSIS METHOD, BY REGION, 2019-2027 ($THOUSAND)
TABLE 05.GLOBAL WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 06.WOOD VINEGAR MARKET, FOR AGRICULTURE, BY REGION, 2019-2027 ($THOUSAND)
TABLE 07.WOOD VINEGAR MARKET, FOR ANIMAL FEED, BY REGION, 2019-2027 ($THOUSAND)
TABLE 08.WOOD VINEGAR MARKET, FOR CONSUMER PRODUCTS, BY REGION, 2019-2027 ($THOUSAND)
TABLE 09.WOOD VINEGAR MARKET, FOR OTHERS, BY REGION, 2019-2027 ($THOUSAND)
TABLE 10.WOOD VINEGAR MARKET, BY REGION, 2019-2027 ($THOUSAND)
TABLE 11.NORTH AMERICA WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 12.NORTH AMERICA WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 13.NORTH AMERICA WOOD VINEGAR MARKET, BY COUNTRY, 2019–2027 ($THOUSAND)
TABLE 14.U.S. WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 15.U.S. WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 16.CANADA WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 17.CANADA WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 18.MEXICO WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 19.MEXICO WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 20.EUROPE WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 21.EUROPE WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 22.EUROPE WOOD VINEGAR MARKET, BY COUNTRY, 2019–2027 ($THOUSAND)
TABLE 23.GERMANY WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 24.GERMANY WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 25.FRANCE WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 26.FRANCE WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 27.ITALY WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 28.ITALY WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 29.SPAIN WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 30.SPAIN WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 31.REST OF EUROPE WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 32.REST OF EUROPE WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 33.ASIA-PACIFIC WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 34.ASIA-PACIFIC WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 35.ASIA-PACIFIC WOOD VINEGAR MARKET, BY COUNTRY, 2019–2027 ($THOUSAND)
TABLE 36.CHINA WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 37.CHINA WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 38.JAPAN WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 39.JAPAN WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 40.INDIA WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 41.INDIA WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 42.MALAYSIA WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 43.MALAYSIA WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 44.AUSTRALIA WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 45.AUSTRALIA WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 46.REST OF ASIA-PACIFIC WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 47.REST OF ASIA-PACIFIC WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 48.LAMEA WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 49.LAMEA WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 50.LAMEA WOOD VINEGAR MARKET, BY COUNTRY, 2019–2027 ($THOUSAND)
TABLE 51.BRAZIL WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 52.BRAZIL WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 53.CHILE WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 54.CHILE WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 55.SOUTH AFRICA WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 56.SOUTH AFRICA WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 57.REST OF LAMEA WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019-2027 ($THOUSAND)
TABLE 58.REST OF LAMEA WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027($THOUSAND)
TABLE 59.ACE: COMPANY SNAPSHOT
TABLE 60.ACE: PRODUCT PORTFOLIO
TABLE 61.TAGROW: COMPANY SNAPSHOT
TABLE 62.TAGROW: PRODUCT PORTFOLIO
TABLE 63.SSC: COMPANY SNAPSHOT
TABLE 64.SSC: PRODUCT PORTFOLIO
TABLE 65.TOROYAL GROUP: COMPANY SNAPSHOT
TABLE 66.TOROYAL GROUP: PRODUCT PORTFOLIO
TABLE 67.NL AGRO: COMPANY SNAPSHOT
TABLE 68.NL AGRO: PRODUCT PORTFOLIO
TABLE 69.APPLIED GAIA: COMPANY SNAPSHOT
TABLE 70.APPLIED GAIA: PRODUCT PORTFOLIO
TABLE 71.DRBT CO., LTD.: COMPANY SNAPSHOT
TABLE 72.DRBT CO., LTD.: PRODUCT PORTFOLIO
TABLE 73.DOI: COMPANY SNAPSHOT
TABLE 74.DOI: PRODUCT PORTFOLIO
TABLE 75.NETTENERGY: COMPANY SNAPSHOT
TABLE 76.NETTENERGY: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENTS
FIGURE 03.EXECUTIVE SUMMARY, BY REGION
FIGURE 04.TOP INVESTMENT POCKETS, BY COUNTRY
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.HIGH BARGAINING POWER OF BUYERS
FIGURE 07.HIGH THREAT OF SUBSTITUTES
FIGURE 08.LOW THREAT OF NEW ENTRANTS
FIGURE 09.LOW INTENSITY OF RIVALRY
FIGURE 10.GLOBAL WOOD VINEGAR MARKET DYNAMICS
FIGURE 11.WOOD VINEGAR MARKET: VALUE CHAIN
FIGURE 12.PATENT ANALYSIS, BY COUNTRY (2014 TO 2020)
FIGURE 13.GLOBAL WOOD VINEGAR MARKET, BY PYROLYSIS METHOD, 2019–2027 ($THOUSAND)
FIGURE 14.COMPARATIVE ANALYSIS OF WOOD VINEGAR MARKET, BY SLOW PYROLYSIS METHOD, BY COUNTRY, 2019 & 2027 ($THOUSAND)
FIGURE 15.COMPARATIVE ANALYSIS OF WOOD VINEGAR MARKET, BY FAST PYROLYSIS METHOD, BY COUNTRY, 2019 & 2027 ($THOUSAND)
FIGURE 16.COMPARATIVE ANALYSIS OF WOOD VINEGAR MARKET, BY INTERMEDIATE PYROLYSIS METHOD, BY COUNTRY, 2019 & 2027 ($THOUSAND)
FIGURE 17.GLOBAL WOOD VINEGAR MARKET, BY APPLICATION, 2019–2027 ($THOUSAND)
FIGURE 18.COMPARATIVE ANALYSIS OF WOOD VINEGAR MARKET, FOR AGRICULTURE, BY COUNTRY, 2019 & 2027 ($THOUSAND)
FIGURE 19.COMPARATIVE ANALYSIS OF WOOD VINEGAR MARKET, FOR ANIMAL FEED, BY COUNTRY, 2019 & 2027 ($THOUSAND)
FIGURE 20.COMPARATIVE ANALYSIS OF WOOD VINEGAR MARKET, FOR CONSUMER PRODUCTS, BY COUNTRY, 2019 & 2027 ($THOUSAND)
FIGURE 21.COMPARATIVE ANALYSIS OF WOOD VINEGAR MARKET, FOR OTHERS, BY COUNTRY, 2019 & 2027 ($THOUSAND)
FIGURE 22.U.S. WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 23.CANADA WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 24.MEXICO WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 25.GERMANY WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 26.FRANCE WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 27.ITALY WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 28.SPAIN WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 29.REST OF EUROPE WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 30.CHINA WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 31.JAPAN WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 32.INDIA WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 33.MALAYSIA WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 34.AUSTRALIA WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 35.REST OF ASIA-PACIFIC WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 36.BRAZIL WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 37.CHILE WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 38.SOUTH AFRICA WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 39.REST OF LAMEA WOOD VINEGAR MARKET REVENUE, 2019–2027 ($THOUSAND)
FIGURE 40.MARKET PLAYER POSITIONING, 2019
The wood vinegar market is underdeveloped and expected to witness significant growth. This is attributed to its multifunctional use in agricultural applications such as pesticides, fertilizer, weed growth inhibitor, repellent, plant growth promoter, and others. In addition, Asia-Pacific is expected to experience the fastest growth rate owing to presence of countries such as China, Japan, India, and Indonesia. These countries have presence of key players and tradition of using slow pyrolysis method for the production of various products such as wood vinegar, charcoal, and others.
A. Trend of organic farming and concerns regarding chemical-based fertilizer are some of the factors boosting the wood vinegar market growth.
A. The market value of wood vinegar was $4.5 million in 2019 and expected to reach $6.4 million in 2027 at a CAGR of 7.0% during the forecast period.
A. New Life Wood Vinegar, Shandong Toroyal Group, Tagrow Co., Ltd. Are some of the top companies in the wood vinegar industry.
A. Agriculture industry is projected to increase the demand for wood vinegar.
A. On the basis of pyrolysis method, slow pyrolysis method is expected to drive the wood vinegar market growth
A. Increasing demand for wood vinegar for agricultural application is one of the main drivers of the wood vinegar market
A. Agriculture application is expected to drive the adoption of wood vinegar.
A. The COVID-19 has impacted the wood vinegar market by disrupting the value chain of the market which resulted in difficulty in raw material procurement.
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