San Francisco, California, July 05, 2018 – TMR Research presents a new business intelligence publication on the global biorefinery market for the forecast period between 2017 and 2025. The report, titled “Biorefinery Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, looks into each and every aspect that could have a bearing on the growth of the said market through 2025.
The global biorefinery market has been witnessing a steady growth over the past decade and is expected to continue to do so in the years ahead. Biorefineries are sometimes referred as environment-friendly power houses as they convert biomass into usable energy, and due to minimal emissions in conversion of biomass into energy.
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Due to such benefits, biorefineries are gathering steam for heat generation and production of electricity in rural areas. Governments are also extending support for the setup of biorefineries because of environmental benefits. Not only this, biorefineries have secondary benefits as well. They produce substances such as bio enzymes, polymers, adhesives, and fibers that can be used as raw materials in other industries.
Owing to a number of favorable factors along with not too harsh on the environment, biorefineries if setup in large numbers could serve the energy requirements of a large number of households.
On the flip side, high investment required in the setup of biorefinery could hamper the biorefinery market to some extent.
The global biorefineries market could be segmented in terms of feedstock, application, product, and region.
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North America is a key region for biorefinery due to considerable availability of biomass. The region is witnessing the emergence of several new and advanced biorefineries.
Leading players in the global biorefinery market include Bayer Material Science LLC, Du Pont De Nemours, and Dominion Energy Services Company Inc.