Press release
Biorefinery Market Future Prospects, Market Growth Factors, Analysis and Opportunities Outlook by 2020
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The global biorefinery market is at its nascent form. Currently, there are very few large scale biorefineries, as compared to conventional petroleum-based refineries across the globe. Hence, the massive unexplored biorefinery market across the world is expected to attract more investors and new players to explore the potential of the market.
In 2014, North America held the largest share in the global market. The major reasons behind the growth of the biorefinery market in the region are high demand for energy independence and energy security, stringent environmental regulations, and high investment for the development of biorefineries. Moreover, Asia-Pacific is anticipated to witness the fastest growth with a CAGR of 17.2%, during the forecast period.
Among the various technologies, the industrial biotechnology segment held the largest share in the global market in 2014, and is expected to witness a CAGR of 13.0% during 2015 – 2020.
Read summary of report here : https://www.psmarketresearch.com/market-analysis/biorefinery-market
Some of the major players operating in the global biorefinery market are Abengoa Bioenergy SA, Neste, Pacific Ethanol Inc., Renewable Energy Group Inc., UOP LLC, and Valero Energy Corporation.
GLOBAL BIOREFINERY MARKET SEGMENTATION
By Technology
Industrial Biotechnology
Physico-Chemical
Thermochemical
GEOGRAPHICAL SEGMENTATION
By Region
North America
Europe
Asia-Pacific
Rest of the World
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