According to a market report by Lucintel, the future of the global biomass refining market looks promising with opportunities in the car and aerospace markets. The global biomass refining market is expected to grow with a CAGR of 8.6% from 2024 to 2030. The major drivers for this market are increasing demand from the automotive industry and the expanding applications in aerospace and other sectors.A more than 150-page report to understand trends, opportunity and forecast in biomass refining market to 2030 by type (first generation biodiesel and second generation biodiesel), application (car, aerospace, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that second generation biodiesel segment is expected to witness the highest growth over the forecast period due to enhanced efficiency, sustainability, and reduced environmental impact in biomass refining.
Within this market, cars will remain the largest segment due to extensive applications and demand.
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North America is expected to witness the highest growth over the forecast period due to technological advancements and a strong focus on sustainable practices.
Albemarle, EcoCeres, Sanju, Neste Oil, ENI, Honeywell, Topsoe, Petrobras, BASF, Ciba are the major suppliers in the biomass refining market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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