MARKET INTRODUCTION
Wood vinegar, also referred to as wood acid and pyroligneous acid, is produced by controlled pyrolysis of lignocellulose waste and biomass. It is a light brownish liquid that has a low pH of 3. It is principally composed of water, acetic acid, methanol, and acetone. Wood vinegar can be produced from a variety of biomass, including crops, agricultural residues, wood, sawdust, and hardwood chips. Wood vinegar is chiefly used in the field of agriculture as a fertilizer and pesticide.
MARKET DYNAMICS
The agricultural sector is the major consumer of wood vinegar as it is used as fertilizer to stimulate plant growth, enrich soil fertility, and accelerate seed germination. Wood vinegar is an environmentally friendly fertilizer that involves low cost and is increasingly being used in sustainable farming. It is also used as a pesticide as it has the presence of germicidal constituents such as methanol and phenol, which are highly acidic. The growing demand for natural pesticides has augmented the demand for wood vinegar. Moreover, the growing uses and applications of wood vinegar in animal husbandry as feed supplements for livestock feed for chickens, quails, ostrich, and turkey has spurred the demand for wood vinegar. The rising interest in the consumption and production of wood vinegar in farmers, government organizations, private industries and institutes, and universities is likely to promote the uses of wood vinegar.
MARKET SCOPE
The "Global Wood Vinegar Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wood vinegar market with detailed market segmentation by production method, end use, and geography. The global wood vinegar market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wood vinegar market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global wood vinegar market is segmented on the basis of production method and end use. On the basis of production method, the wood vinegar market is segmented into, rapid pyrolysis, intermediate pyrolysis, and slow pyrolysis. On the basis of end use, the market is bifurcated into, agriculture, food and beverages, animal feed, pharmaceutical , personal care and cosmetic, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wood vinegar market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wood vinegar market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the wood vinegar market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wood vinegar market in these regions.
MARKET PLAYERS
The reports cover key developments in the wood vinegar market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wood vinegar market are anticipated to lucrative growth opportunities in the future with the rising demand for wood vinegar in the global market. Below mentioned is the list of few companies engaged in the wood vinegar market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wood vinegar market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ace (Singapore) Pte Ltd.
- Byron Biochar
- Canada Renewable Bioenergy Corp.
- Dongying Runyi Biotechnology Co. Ltd.
- Frutarom Industries Ltd
- Kerry Group PLC
- Merck KGaA
- Nakashima Trading Co.Ltd
- Nettenergy B.V.
- Wood Vinegar Australia
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.