Global Pyrolysis Oil Market: Overview
Pyrolysis oil, also known as bio-crude or bio-oil, is primarily a synthetic fuel that is manufactured as alternative for petroleum. Pyrolysis oil often contains different levels of oxygen that can be considered as a hydrocarbon. Owing to this oxygen presence, pyrolysis oil is non-corrosive, non volatile, offers thermal instability, tends to polymerize when exposed to air, and immiscibility with fossil fuels. Pyrolysis oil can be used as a substitute for fossil fuels whereas pyrolysis oil when co-fired in power plants can also replace natural gas, heavy oil and coal. The demand in the global pyrolysis oil market is projected to expand at a notable CAGR during the forecast period of 2017 to 2025.
This report on the global pyrolysis market is a comprehensive study developed by a group of research analysts, aspiring to act as a credible business tool for its targeted audiences such as the manufacturers of these oil, government agencies, and research institutes. The report throws light on the current condition of the market for pyrolysis oil and provides evaluations and estimations of the revenue available and probable during the forecast period of 2017 to 2027, elaborating each important market dynamics such as trends and restraints, segmenting it on the basis of smaller aspects such as application and end users. Geographically, the report picks out which regions are showing greater promise. One of the key aspect of the report is its section on competitive landscape of the global pyrolysis oil market, wherein numerous companies connected to its value chain have been profiled for their market shares as of 2017, their regional presence and dominance, and recent strategic decisions that will define their future shares.
Global Pyrolysis Oil Market: Trends and Opportunities
A number of factors are expected to reflect positively on the pyrolysis market, which mainly are due to its properties and features. While not being dangerous, pyrolysis oil it is acidic in nature, which makes it highly combustible but not inflammable. It easily catches fire when it is properly atomized. Pyrolysis oil is not a homogeneous liquid. There are varying qualities of Pyrolysis Oil; some are stable for years, while others are not. Due to acidic and corrosive nature advanced enhancement is required for storage of pyrolysis oil. The manufacturers use storage vessels and piping of stainless 304, PVC and Teflon. It takes several months to manufacture good quality of pyrolysis oil to layer. While transporting pyrolysis oil, the pyrolysis oil manufacturers provides specialized compartments to prevent contamination of oil. Pyrolysis oil can be used as a substitute for fossil fuels whereas pyrolysis oil when co-fired in power plants can also replace natural gas, heavy oil and coal.
Global Pyrolysis Oil Market: Regional Analysis
Currently, North America and Europe are the two regions that are providing for the maximum chunk of demand in the global pyrolysis oil market, which is a reflection of the upturn in growth of the industrial boilers and industrial diesel engines industry. That being said, Asia Pacific and Latin America houses some of the fastest emerging economies and heavy investment on research and development is expected to turn these two regions into highly profitable towards the end of the forecast period.
Global Pyrolysis Oil Market: Competitive Landscape
BTG Biomass Technology Group, Divya International, BlueBear, Chevron Phillips Chemical Company, and Biogreen - ETIA Group are some of the notable players currently ahead of the curve in the global pyrolysis oil market. The report contains information on their business overview, market share, product portfolio, and recent strategic decisions.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.