A bio refinery facilitates biomass conversion process, thereby producing power, chemicals and fuel among others from biomass with minimum emissions and waste. The core technology of this process is a distinctive thermal reactor which provides linear and sequential biomass fractionation through steam auto hydrolysis. The concept of bio refinery is similar to modern petroleum refinery that produces multiple products and fuel from petroleum. Moreover, bio refinery assists in production of numerous components along with heat processing and electricity generation. These products are further used to produce adhesives, fibers, biodegradable surfactants, bio detergents, enzymes and polymers. The fuel obtained from bio refineries is used to congregate the energy requirement while the power produced helps in lowering energy costs and reducing greenhouse gas emission.
The major driving factors for bio refinery products market are strict environmental laws related to usage of bio fuels, increasing concern for energy security, accessibility of cheap raw materials and volatility in fossil fuel prices. Different geographical drivers are also accountable for the growth of the market. Increasing promotional activities for bio based products by biotechnologists and chemists worldwide is expected to create significant opportunity for the bio refinery products market in the future. In addition, small scale manufacturers in developing countries will further strengthen the opportunities of this market. However, huge initial investment and less availability of buyer and supplier are hindering the growth of the market.
Global bio refinery products market can be broadly classified on the basis of products, feedstock, application and geography. By feedstock, the market for bio refineries product has been segmented into green bio refineries, lignocellulosic and whole crop. Green bio refineries use biomass and green crops as raw material for feedstock. Lignocellulosic segment uses reed, straw, grass and wood among others as raw materials. Whole crop uses cereals and crops, such as wheat, rye and maize as raw materials. By products, the market for bio refinery products has been subdivided into energetic products and non-energetic products. Energetic products include biodiesel, electricity and ethanol. The non-energetic products segment comprises of chemicals used in manufacturing of resins, plastics, alcohols and solvent among others. The market by application can be classified into transportation, materials (resins, and plastic), chemicals (alcohol, solvent, surfactants and acids), herbals (drugs, aroma and body care) and energy (electricity and heat). By geography, the global bio refinery product market has been classified into North America, Europe, Asia pacific and Rest of the World. In the present scenario, the market for bio refinery product is dominated by North America in terms of revenue, followed by Europe and Asia-Pacific. However, Asia Pacific is anticipated to grow at a significant rate in the future, primarily due to severe government policies and existence of small number of players in the market for bio refinery products.
Some of the key players in this market are Du Pont De Nemours (United States), Lanxes A.G (Germany), Bayer Material Science LLC (Germany), Green Plains Renewable Energy, Inc. (U.S.), Dominion Energy Services Company, Inc. (U.S.), Sinopec (China), Valero Marketing and Supply Company (United States), Archer Daniels Midland Company (U.S.) and DSM NV (Netherlands).
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.