Carbonization Furnace Market Trends
- Growing global emphasis on sustainability, coupled with efficient waste management, has driven furnaces demand. Improving technology and better equipment to cater to demand have helped in increasing their versatility and thus increased areas of application.
- Moreover, the increasing interest in biofuels and biochar as a substitute for fossil fuel derivatives is further fueling the market growth. Carbonization furnaces are one of the critical technologies in scaling down the carbon footprint of the world and transitioning to a circular economy—contributing both to environmental benefits and economic growth.