DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/g8pz8z/biorefinery) has announced the addition of the "Biorefinery Market 2015-2019" report to their offering.
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.
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.
Market outlook of the biorefinery market
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.
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.
Leading vendors in this market are
- Abengoa Bioenergy Corp.
- Aventine Renewable Energy
- Neste Oil OYJ
- Renewable Energy Group Inc.
- UOP LLC
- Valero Energy Corp.
For more information visit http://www.researchandmarkets.com/research/g8pz8z/biorefinery