Biorefinery Market is envisaged to surpass USD 790 million by 2019

Albany, NY, Nov 08: This market study segments the global biorefinery market by technology and includes segments like industrial biotechnology, thermochemical, and physico-chemical. The report also presents an analysis of the key drivers, challenges, and trends influencing market growth. Leading vendors analyzed in this industry research report are Abengoa Bioenergy Corp., Aventine Renewable Energy, Neste Oil OYJ, Renewable Energy Group Inc., UOP LLC, and Valero Energy Corp.

Biorefineries use technological processes to convert feedstock to fuel, electricity, heat, and other by-products that can be used in other industries. The global market for biorefineries is fueled by the acceptance of biofuels in mainstream usage and is envisaged to surpass USD 790 million by 2019.

Technavios market research analyst has estimated eminent factors, such as the increase in need for energy independence, to drive market growth between the period of 2014 and 2019. The biorefinery industry is estimated to be one of the major contributors to energy independence across the globe. This is mainly due to its ability to generate energy and fuel through the use of biomass, which brings about a reduction in the use of fossil-based fuels.

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Competitive landscape and key vendors: Abengoa Bioenergy Corp., Aventine Renewable Energy -
This market is highly competitive and is characterized by the presence of numerous established vendors. In several regions, the local or regional vendors dominate the market, which has resulted in intense competition over the past few years. The market in the EMEA region is highly fragmented, whereas the market in the Americas is dominated by large and established players as they have access to high capital resources and dedicated R&D funds.

Leading vendors in this market are -
- Abengoa Bioenergy Corp.
- Aventine Renewable Energy
- Neste Oil OYJ
- Renewable Energy Group Inc.
- UOP LLC
- Valero Energy Corp.

Other leading vendors in this market are BP Biofuels North America, Cargill, Poet, Sinopec, and du Pont.

Technological segmentation and analysis of: industrial biotechnology, thermochemical, & physico-chemical -
In this market research report, analysts estimate the industrial biotechnology segment to account for more than 49% of the total market share by 2019. Industrial biotechnology, or white biotechnology, involves the usage of enzymes and microorganisms to produce bioenergy. The augmented demand for biorefinery products like bioethanol, bio diesel, hydrogen, and biogas is expected to foster growth in this segment during the forecast period.

This market research offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Industrial biotechnology
- Thermochemical
- Physico-chemical

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Key questions answered in this report:-
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global biorefinery market?
- What are the key market trends impacting the growth of the global biorefinery market?
- What are the challenges to market growth?
- Who are the key vendors in the global biorefinery market?
- What are the market opportunities and threats faced by the vendors in the global biorefinery market?
- Trending factors influencing the market shares of APAC, EMEA, and the Americas?
- What are the key outcomes of the five forces analysis of the global biorefinery market?

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