Transparency Market Research Report Added "Bio Refinery Products Market" to its database.
Albany, NY -- (SBWIRE) -- 07/22/2015 -- The conservation and management of our diversified resources is very much important to achieve the goal of sustainable development. Therefore it is very much necessary to establish solutions, which reduces the overuse of nonrenewable fossil fuel resources. Stringent environmental laws coupled with concerns related to the excessive usage of the finite fossil fuels can result in enhancing the demand of the bio refinery products market. By the use of Bio refinery we can take the advantage of natural complexity to produce various useful products along with the generation of electricity. Bio refinery product can be used to produce fibers, adhesives, bio detergents, biodegradable surfactants, polymers, and enzymes.
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The Bio refinery product market can be segmented on the basis of feedstock, products, applications, geographies and on the basis of the location of bio refining companies. Depending upon the use of feedstock bio refineries can be classified as lignocellulosic, whole crop, and green bio refineries. Lignocellulosic bio refinery uses straw, reed, grass, paper- waste and wood as the raw material for the feedstock. Whole crop bio refinery uses crops and cereals such as rye, wheat, triticale and maize as raw material for feedstock. Green bio refineries use green crops and biomass as the raw material. Bio refinery products can be broadly classified as one that provides energy and the other that do not provide energy or the chemicals. Energy providing products of bio refinery includes ethanol, biodiesel and electricity, while the other products include chemicals that can be used in manufacturing of plastics, resins, cosmetics, alcohols, solvents and others. Bio refinery products has its use in different sectors such as transport, energy (heat and electricity), materials (resins and plastics), and chemicals (acids, alcohols and solvents) herbals (drugs, body care and aroma) .
Geographical segmentation of bio refinery products can be done based on the location of bio refiners or the manufacturing facility. Some key bio refinery facilities are located in the North America (United States and Canada), Europe (Germany, U.K, Sweden and Denmark), Asia Pacific (China, Thailand and Australia), Middle East and Africa ( South Africa) and Brazil in rest of World.
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Environmental regulations promoting use of bio fuels, depleting fossil fuel resources, concerns related to the energy security, increasing investments, inexpensive raw materials and volatile fossil fuel prices are some of the factors likely to drive growth in bio refinery products market. Heavy investment at the beginning, difficulty in finding supplier and buyer are some of the restraints related to the bio refinery products market. Limited fossil fuel reserves, stringent government policies promoting sustainable development and small number of market players especially in APAC (Asia Pacific), African and Latin American region can bolster the opportunities in bio refinery products market. One important factor that will help to grab this opportunity would be committing biotechnologists, chemists and engineers to the concept of bio-based products and promoting the biotechnological and chemical conversion of substances.
Some of the major Bio refiners are Lanxes A.G (Germany), du Pont de Nemours and Company (United States), Bayer Material Science (Germany), Dominion Energy Services LLC ( United States), Green Plains Renewable Energy, Inc. ( United States), Valero Marketing and Supply Company( United States), Sinopec (China), DSM NV (Netherlands) and Archer Daniels Midland Company (United States).
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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