DUBLIN, Feb. 9, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4b7qbs/global) has announced the addition of the "Global Biorefinery Market Size, Share, Development, Growth and Demand Forecast to 2020 - Industry Insights by Technology (Industrial Biotechnology, Physico-Chemical and Thermochemical)" report to their offering.
This comprehensive report predicts the global biorefinery market to grow with a CAGR of 14.0% during the 2015-2020 period. The increasing need for energy independence is driving the growth of the global biorefinery market. North America accounted for the largest share in the global biorefinery market with $311.3 billion in 2014. The different countries across the world are trying to free themselves from dependence on foreign oil.
The European Union have set target as per Renewable Energy Directive (RED), to fulfil at least 20% of its total energy needs with renewables by 2020. Similarly, the U.S. renewable fuel standard program was created to reduce greenhouse gas emissions and expand the U.S. renewable fuels sector, thus reducing reliance on imported oil. Biofuels are one of the most efficient alternatives for petroleum based fuels, as it can be produced locally from the feedstock available. Therefore, a high demand for biofuels is expected during the forecast period.
Some of the major players operating in the global biorefinery market are Abengoa Bioenergy SA, Neste, Pacific Ethanol Inc., Renewable Energy Group Inc., UOP LLC, and Valero Energy Corporation.
This research offers actual historical market size for the period 2011 - 2014, estimate for 2015, and market forecast for the period 2016 - 2020. The forecast period' in the report refers to the period 2015 - 2020.
Global Biorefinery Market Breakdown:
- By Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical
- By Region - North America, Europe, Asia-Pacific, and Rest of the World
Companies Mentioned:
- Abengoa Bioenergy, SA
- Neste
- Pacific Ethanol, Inc.
- Renewable Energy Group, Inc.
- UOP LLC
- Valero Energy Corporation
Report Structure:
1. Research Scope & Methodology
2. Executive Summary
3. Market Outlook
4. Global Biorefinery Market Size and Forecast (2011 - 2020)
5. Global Biorefinery Market Breakdown by Geography
6. Competitive Positioning Analysis
7. Company Profiles and Strategic Developments
8. Appendix
For more information visit http://www.researchandmarkets.com/research/4b7qbs/global
Media Contact:
Laura Wood , +353-1-481-1716, press@researchandmarkets.net
