A new Technavio market research report offers biorefinery market segmentation by technology (industrial biotechnology, physico-chemical, and thermochemical) and by geography (Americas, EMEA, and APAC). Leading vendors are Abengoa Bioenergy Corp., Aventine Renewable Energy, Neste Oil OYJ, Renewable Energy Group Inc., UOP LLC, and Valero Energy Corp.
Technavio has released updated information on the biorefinery market, with the publication of its new report, global biorefinery market. Technavio’s market research analyst has estimated eminent factors, like the rising concerns over greenhouse gases and harmful emissions into the atmosphere, to result in this market’s impressive CAGR of more than 13% by 2019.
“Thanks to the development of next generation biofuels, especially in China, the global market for biorefineries will exhibit strong growth during the forecast period. These biofuels are produced using products like vegetable oil, animal fat, algae, and organic waste, and offer advantages like higher yield with lower resource inputs. These advantages are expected to bring in investments, which in turn will impel the global market for biorefineries during the forecast period,” says Navin Rajendra, Lead Analyst, Energy, Technavio research.
An interesting trend in this market is the rise in preference for energy independence from across the globe. The biorefinery industry constitutes one of the major contributors to energy independence across the globe. This is primarily due to its ability to generate energy and fuel through the use of biomass, which in turn brings about a reduction in the use of fossil-based fuels. The introduction of compulsory government mandates, pertaining to the usage of biofuel as a blend and direct use, in regions like China, US, Canada, and Mexico is expected to spur market growth during the forecast period.
This market is extremely competitive and is primarily dominated by large vendors like Abengoa Bioenergy Corp., Aventine Renewable Energy, Neste Oil OYJ, Renewable Energy Group Inc., UOP LLC, and Valero Energy Corp. The market in the EMEA region is highly fragmented, while the market in the Americas is dominated by prominent vendors as they have access to high capital resources and dedicated R&D funds.
This report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. There are many key drivers, challenges, and opportunities that are discussed in detail.
More detailed analysis is available in the Technavio report Biorefinery Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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