Report Code: A07597 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Biorefinery Market
Request Now !The biorefinery is a process in which biomass is converted to energy and other beneficial by-products. It is a sustainable method of processing biomass into a spectrum of bio-based products and bioenergy. Biorefinery provides multiple chemicals by fractioning an initial raw material into multiple intermediates such as carbohydrates, proteins, and triglycerides, which can further be converted into value-added products. This phase of refinery is called the cascading phase.
The biorefinery market is segmented depending on its various characteristics. By product type, the market is bifurcated into energetic and non-energetic. Biodiesel, electricity, and ethanol products come under energetic category, while non-energetic biorefinery products used in resins, plastics, and solvents making processes. Biorefinery products are majorly applicable in baby care products, herbal drugs, for electricity, alcohol, and surfactants. The wide use of biorefinery products is being seen in making chemicals for building blocks. By region, the biorefinery market is studied across North America, Asia-Pacific, Europe, and LAMEA. Furthermore, Asia-Pacific is too likely to witness rise in demand and supply of biorefinery products, primarily due to severe government construction scheme for growing urban population.
Increase in concern of environmental safety leads to rise in usage of bio-based products in industrial activities, as these products lower emission of pollutants. In addition, the making of cosmetics, resins, and alcohols involves high usage of biorefinery products. Furthermore, the fuel produced from the biorefinery process is used in energy requirement purposes, which have low cost and lower greenhouse gas emission. Thus, all these factors together are expected to drive the growth of the global biorefinery market during the forecast period. However, the gap between consumers and suppliers is actuated to hamper the growth of the global biorefinery product market.
Key benefits of the reportÂ
Biorefinery Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Bayer Material Science LLC, Dominion Energy services company, Green plains renewable energy, Lanxess A.G, Du Pont De Nemours, Archer Daniels Midland Company, DSM NV |
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