Dublin, Oct. 15, 2020 (GLOBE NEWSWIRE) — The “Bio-Refinery Product Market – By Type (Thermochemical and Biochemical), By Application (Biofuels, Biomaterials, Bulk Chemicals, and Pharmaceuticals & Food Additives), and By Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.
The global Bio-Refinery Product market is slated to accrue revenue worth nearly 855.16 (USD Billion) by 2026 and record the CAGR of about 9.3% over the period from 2020 to 2026.
The report offers assessment and analysis of the Bio-Refinery Product market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Market Growth Driving Factors
Introduction of strict laws addressing environmental issues and regulating the use of bio-fuels along with growing energy security concerns will embellish the business growth over the forecast timeline. In addition to this, surge in the promotional events for bio-based items across the globe is anticipated to generate new growth avenues for bio-refinery products industry over the forthcoming years.
Furthermore, small-scale producers of bio-refinery products will reinforce the growth of the industry over the years ahead. Moreover, easy availability of raw materials at reduced costs and oscillation in costs of fossil fuels will further drive the growth of bio-refinery products industry over the forecast period.
North American Market To Remain in Dominant Position Over 2020-2026
The market growth in the region over the forecast timeline can be credited to implementation of strict environmental laws by the authorities in the countries like the U.S. and Canada. In addition to this, presence of reputed players in these countries will further proliferate the growth of the bio-refinery products market over the years ahead.
Key players influencing the market growth include Neste Oil OYJ, Renewable Energy Group, Pacific Ethanol, UOP LLC, Abengoa Bioenergy Corp, and Valero Energy Corp.
The global bio-refinery product market is segmented as follows:
- Bulk chemicals
- Pharmaceuticals & food additives
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/5nzf6r
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