A three-pronged approach was followed for deducing the u.s. biochar market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for u.s. biochar market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of u.s. biochar market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The u.s. biochar market was categorized into four segments, namely technology (Pyrolysis, Gasification, Application), application (Agriculture, Animal Feed, Health & Beauty Products), and region (U.S.).
The u.s. biochar market was segmented into technology, application, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The u.s. biochar market was analyzed at a regional level. The region was divided into U.S., keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-five countries, namely, the California; Texas, Kansas; Oklahoma; Idaho; Arizona; Other States
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The u.s. biochar market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Black Owl U.S. Biochar -Black Owl U.S. Biochar is engaged in providing complete integrated solutions for soil and water needs, indoor gardening, horticulture, and agriculture. The primary objective of the company is to provide premium biochar products. The company’s products are a combination of organic ingredients, which cater to horticulture and agriculture markets. Its biochar products are used in marine areas, mine reclamation, watersheds, rain gardens, green roofs, and storm water.
Karr -Karr operates as a subsidy of the Karr Group of Companies and is involved in the land rejuvenation process using biophilic, organic carbon. The company has pioneered and patented the continuousprocess zero-emission biochar production technology. This continuous process is called fractional hydro pyrolysis, which yields high-quality biochar without the production of bio-oil. The company operates at a 10,000 tons/year biochar production facility in Onalaska.
Airex Clean Technologies - Airex Clean Technologies is engaged in developing technology for biomass torrefaction. The company was funded by the proprietors of a multi-state Caterpillar authorization. The company’s patented cyclonic bed reactor CarbonFX enables large-scale biocoal and biochar production from a variety of feedstock, including woody biomass and agricultural waste.
Pacific U.S. Biochar Benefit Corporation - Pacific U.S. Biochar Benefit Corporation is engaged in providing production technology for biochar. Its technology produces biochar from various feedstock, including woody biomass and agricultural waste. The company’s patented BiGchar (Black is Green), biochar production technology, enables features durability, mobility, and accepts a wide range of feedstock’s. The company has an annual production capacity of 1.43 million BDT of biochars in California.
Advance Renewable Technology International -Advance Renewable Technology International was founded by the students at Iowa State University to implement bio renewable technologies. The company offers products and consultation services in waste oil collection, bio-diesel production, and biomass processing. The company produces biochar, bio-oil and synthetic gas using both pyrolysis and gasification technologies. Their biochar is suitable for agriculture and filtration purposes. The company currently has a production capacity of 10 tons biochar per day.
Soil Reef LLC - Soil Reef LLC is an integrated biochar product development, marketing, and sales company. They are focused on creating and promoting biochar products that contribute to sustainable agricultural practices, soil health improvement, and carbon sequestration. The company is committed to utilizing woody biomass as the feedstock for their biochar production. They employ pyrolysis technology, a process that involves the thermal decomposition of organic materials in the absence of oxygen, to convert the biomass into biochar. This method ensures the production of high-quality biochar with desirable properties for various applications.
Avello Bioenergy - Avello Bioenergy is involved in the production of a wide range of bio-based products including fuels, chemical feedstock, oils, binders, and biochar. The company has commercially developed a technology with the Iowa State University that provides quality, low-cost, profitable feedstock for manufacturing renewable products and energy applications compared to the conventional biomass fast pyrolysis process.
Oregon U.S. Biochar Solutions - Oregon U.S. Biochar Solutions is one of the major companies in the U.S., involved in the production of ultra-pure biochar. Apart from soil amendment the biochar manufactured by the company is suitable for water filtration and environmental remediation applications. Theirproduction process has been classified as the most environment friendly method, as it has overcome the state and federal emission standards. The company currently operates a 30MWh woody biomass plant in Oregon.
New England U.S. Biochar - New England U.S. Biochar is a pioneering company that specializes in the production and distribution of high-quality biochar products. At the core of New England U.S. Biochar's operations is their state-of-the-art production facility, equipped with advanced pyrolysis technology. This cutting-edge process involves the controlled heating of organic biomass, such as wood chips or agricultural waste, in the absence of oxygen.
CharGrow USA LLC- CharGrow USA LLC, operates as a team of agricultural professionals to support clean and sustainable crop growing practices. The company aims to develop products that would replace agrochemicals such as biochar and probiotics for plant growth. It offers a range of biochar products tailored to meet the specific needs of different crops and soil types. Their biochar amendments have been designed to increase crop yields, reduce the need for synthetic fertilizers, and improve overall soil health.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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