Global Biorefinery Market Assessed in Topical Infiniti Research Report Now Available at MarketPublishers.com11 Nov 2015 • by Natalie Aster
LONDON – Globally, the market for biorefineries has been gaining momentum as biofuels are moving closer to mainstream usage. By 2019, the market value is projected to go beyond USD 790 million. The industrial biotechnology segment is set to account for over 49% of the overall market share by the end of the forecast period.
The growing need for energy independence is amid the key factors that are expected to propel the market growth over the forecast period. The biorefinery industry is expected to become one of the most essential contributors to energy independence from pole to pole. This is primarily owing to its ability to produce energy and fuel through the usage of biomass, which results in a decrease in the use of fossil based fuels.
The market is very competitive and is characterised by the presence of numerous entrenched vendors. In a range of regions, the regional or local vendors take the lead in the market, which has lead to tough competition during the last few years. The market in the EMEA region is extremely fragmented, whereas the market in the Americas is dominated by large and entrenched players as they have access to high capital resources and dedicated research and development funds.
UOP LLC, Abengoa Bioenergy Corp., Neste Oil OYJ, Renewable Energy Group Inc., Valero Energy Corp. and Aventine Renewable Energy, among others, are the leading vendors in the market.
Topical market research study “Biorefinery Market 2015-2019” developed by Infiniti Research provides a granular analysis of the global biorefinery market space. The report offers a complete overview of the market; presents market segmentation by technology and geography; sheds light on the major drivers, challenges and trends impacting the market growth; offers detailed coverage of the vendor landscape alongside an exhaustive analysis of the leading vendors. Detailed market forecasts are also available in the study.
Biorefinery Market 2015-2019
Published: October, 2015
Price: US$ 2,500.00
More reports by the publisher are available at Infiniti Research page.