Global Biorefinery Products Market Outlook (2014-2022)
The Global Biorefinery Products market is accounted for $437.74 billion in 2014 and is expected to reach $1128.17 billion by 2022 growing at a CAGR of 12.57% during the forecast period 2014-2022. The factors favoring the market growth include, volatile fossil fuel prices, limited fossil fuels, economical raw materials, use of bio fuels, rising investments. However, High initial investment and shortage of suppliers are the factors limiting the market growth.
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Global Biorefinery Products market is segmented by Feedstock, by Products, by Segment and by Geography. Based on Feedstock, market is segmented into Whole crop, Reen bio refineries and Lignocellulosic. Based on Products, market is classified into Energetic and Non- Energetic. Based on Segment, market is categorized into Energy, Chemicals, Herbal/Botanicals and fuels. Biorefinery Products market by geography is segmented into North America, Europe, Asia Pacific and Rest of the World. North America and Europe leads the Biorefinery market. Asia pacific is expected to have the fastest growth rate.
The Key players in the market include Bayer Material Science, Green Plains Renewable Energy, Inc., Lanxes A.G, Dominion Energy Services LLC, Archer Daniels Midland Company, Valero Marketing and Supply Company, du Pont de Nemours and Company, DSM NV and Sinopec.
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