Bio-refineries are known to facilitate the ability to generate power, heat, fuels, food, chemicals and materials and several other products by converting biomass. The Asia Pacific bio-refinery technologies market had generated a revenue of $XX billion in 2018 and is anticipated to reap revenue of $XX billion by 2027, at a CAGR of 10.06% during the forecasting years of 2019-2027.
The economies of China, India, Japan, South Korea, Australia and the remaining countries collectively forming the Rest of Asia Pacific regional segment are majorly influencing the growth trend in the APAC market for bio-refinery technologies. The China market is expected to establish the largest market by the end of 2027. The depleting fossil fuel reserves along with a rise in energy demand has increased the concern to adopt biorefinery technology that allows generating energy from bioproducts. Moreover, the increased investment by market players is also boosting growth in China biorefinery technologies market.
Green Plains Inc., Petrobras, Abengoa Bioenergia SA, BP Biofuels Advanced Technology Inc., Novozymes A/S, E.I. DuPont De Nemours and Company, China Petroleum & Chemical Corporation (Sinopec), Archer-Daniels-Midland Company, Edeniq Inc., Covestro AG, Beta Renewables S.P.A., DSM NV, Dominion Energy, Glycos Biotechnologies Inc., and Lanxess AG are the major companies operating in the region, which have been extensively profiled in the report.