Press release
Future Market Trends of Global Biorefinery Products | Top Key players are Lanxess A.G, Bayer Material Science LLC, Green Plains Renewable Energy, Dominion Energy Services Company, Sinopec, Valero Marketing and Supply Company, Archer Daniels Midland Compan
A biorefinery facilitates the conversion process of biomass, which produces energy, chemical products and fuel, among others, from biomass with minimum waste and emissions. The central technology of this process is a separate thermal reactor that provides linear and sequential fractionation of biomass by automatic steam hydrolysis. The concept of bio-refinery is like that of a modern oil refinery that produces multiple products and petroleum. In addition, the biorefinery contributes to the production of many components, as well as thermal treatments and electricity generation. These products are also used to produce adhesives, fibers, biodegradable surfactants, biological detergents, enzymes and polymers. The fuel obtained from the biorefineries is used to meet the energy needs, while the energy produced helps reduce energy costs and reduce greenhouse gas emissions.
Global Biorefinery Products Market Size:
The Global Biorefinery products Market for should reach $714.6 billion by 2021 from $466.6 billion in 2016 at a compound annual growth rate (CAGR) of 8.9%, from 2016 to 2021.
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Drivers and Restraints:
The main drivers for the organic refining market are strict environmental laws related to the use of biofuels, a growing concern for energy security, the availability of cheap raw materials and the volatility of fossil fuel prices. Different geographical factors are also responsible for the growth of the market. The increase in the promotion of biological products by biotechnologists and chemists around the world should create significant opportunities for the organic refining market in the future. In addition, small manufacturers in developing countries will further improve the opportunities offered by this market. However, a large initial investment, and lower availability of buyers and suppliers hinder the growth of the market.
Geographic Segmentation:
Based on geography, Global Biorefinery Products Market has been divided into areas like Europe, North America, and Asia-pacific, Latin America, Middle East and Africa. North America has been dominating the market, followed by Europe. The main companies of Global Biorefinery Products Market are Du Pont De Nemours (United States), Lanxes A.G (Germany), Bayer Material Science LLC (Germany), Green Plains Renewable Energy, Inc. (U.S.), Dominion Energy Services Company, Inc. (U.S.), Sinopec (China), Valero Marketing and Supply Company (United States), Archer Daniels Midland Company (U.S.) and DSM NV (Netherlands).
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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