Strict CO2 Emission Regulations and Increased Usage in Energy Production to Boost Consumption of Biochar in U.S.
With many untapped application areas and the rising awareness about the several benefits, demand for biochar in the U.S market will exhibit an impressive double-digit growth through 2014-2020, points out Transparency Market Research. The U.S. biochar market is expected to exhibit a 19.0% CAGR and rise from a valuation of US$1.4 mn in 2013 to US$4.9 mn by 2020. Volume-wise, the market is projected to exhibit a 24.3% CAGR over the same period. As a result, the market, which totaled...
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