Biorefinery Technologies Market to Receive Overwhelming Hike in Revenues By 2030

A biorefinery is a facility that converts biomass into energy and other beneficial chemicals such as polylactic acid, succinic acid, and astaxanthin. Biorefineries can provide multiple chemicals such as tall oil, vanillin, and lignosulfonates. This is done by fractioning an initial raw material into multiple intermediates that can be further converted into different products. Various methods such as fermentation, pyrolysis, esterification, gasification acid hydrolysis, and fractionation are employed for the conversion of biomass into useful products.

Access the Full Report @ https://www.alliedmarketresearch.com/biorefinery-technologies-market-A07244

COVID-19 scenario analysis

• The global market of biorefinery technologies is severely impacted by the outbreak of the COVID-19 pandemic.
• The pandemic has forced many industries in the biorefinery market to nearly stop their operations to comply with the government regulations such as social distancing.
• Owing to the lockdown implemented across various countries, national and international transport has been hampered, which has significantly impacted the supply chain of industries across the globe.
• A major section of the market resides in China. The global market for biorefinery technologies was immensely affected, due to the complete shutdown of all business operations in the country and the outbreak of coronavirus.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The key driving factor of the global biorefinery technologies market is a rise in demand for sustainable sources of energy. With the surge in population all over the world and improvement in the standard of living, the demand for energy has escalated notably. Thus, due to the extensive use of conventional sources of energy majorly fossil fuels, they are depleting fast, creating a major disproportion in the demand and supply of energy. This has forced mankind to seek alternative sources of energy, and thus biorefinery emerged as a viable option to meet the demand for energy and create a sustainable environment in the long run.

Presently, several countries depend on other nations for imports to meet their energy demands. A country can prevent major shocks and upsets in the global market by making itself self-sufficient in terms of the production of energy that is required to cater to the demand. Thus, many countries are investing significantly in finding renewable sources of energy, and biomass has turned out to be one of the most reliable resources for energy production.

Moreover, the implementation of stringent environmental regulations in several countries such as the target set by the Renewable Energy Directive (RED) of the European Union for the production of at least 20% of the energy from renewable sources is generating the demand for efficient and less polluted energy sources, which fuels the growth of the biorefinery market globally. However, the requirement of high initial capital investment and uncertain global economic conditions are expected to hinder the growth of the market to some extent.

Get a PDF brochure for Industrial Insights and Business Intelligence @ https://www.alliedmarketresearch.com/request-toc-and-sample/7609

Market Key Segments:

By Feedstock
• Green Biorefineries
• Lignocelluosic Biorefineries
• Whole Crop Biorefineries

By Product
• Energetic Products
• Non-energetic Products

By Industry Vertical
• Chemical
• Oil & Gas
• Energy & Power
• Healthcare
• Others

By Region
• North America (US, Canada)
• Europe (Germany, the UK, France, rest of Europe)
• Asia-Pacific (China, Japan, India, rest of Asia-Pacific)
• Latin America (Brazil, Mexico, Rest of LATAM)
• the Middle East
• Africa

Key Market Players: Renewable Energy Group Inc., Neste, Abengoa Bioenergy SA, UOP LLC, Valero Energy Corporation, Pacific Ethanol Inc

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/7609

Key benefits of the report

• This study presents the analytical depiction of the global biorefinery technologies industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global biorefinery technologies market share.
• The current market is quantitatively analyzed to highlight the global biorefinery technologies market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

This release was published on openPR.