The Europe biochar market is predicted to account for the second-highest revenue share in the global market by the end of the forecast period of 2018-2026. Between these projected years, the market is likely to exhibit a CAGR of 17.42%.
The global biochar market segments are categorized according to the application, feedstock, and technology. The largest application of the market can be observed in the agricultural sector. From the feedstock segment, the forestry waste is gaining immense popularity. Also, the slow pyrolysis technology is gaining wide acceptance in the biochar market. The UK holds much potential for carbon sequestration application. The German market was a significant contributor in 2017 in terms of revenue. Other key markets in this region are France, Spain and Italy. Although the market is showing considerable progress, a lack of demonstration projects, possible contamination of biochar and its feedstock, and the associated high costs are challenges which the market is yet to overcome.
Companies like Diacarbon Energy Inc, Avello Bioenergy, Vega Biofuels Inc, Agri-Tech Producers LLC, Biogreen-Energy, Biochar Now, Biochar Supreme, Tolero Energy and Cool Planet Energy System are involved in the biochar market.