Biorefinery Market Size, Share & Trends Analysis Report By Type (First Generation, Second Generation, and Third Generation), Technology (Industrial Biotechnology, Physico-Chemical, and Thermochemical), Product (Energy driven, and Material driven), By Region, And Segment Forecasts, 2025-2034

Biorefinery Market Size is valued at 182.38 billion in 2024 and is predicted to reach 435.68 billion by the year 2034 at a 9.2% CAGR during the forecast period for 2025-2034

The market for biorefineries is still in its infancy, but it is anticipated to expand rapidly over the next ten years due to rising environmental concerns. Mandates and regulations worldwide are also expected to increase demand for goods made from biomass. The California Low-carbon Fuel Standard mandates that fuel suppliers cut GHG emissions by 10% by 2020. Also, the industry has been forced to turn its attention to biofuels due to the world's diminishing fossil fuel supplies to meet the rising need for energy.

Several end-use industries, including agriculture, transportation, chemicals, and aviation, have expressed interest in biomass-based goods. Yet, the sector needs help with building the required infrastructure. Major players in the market have been concentrating on applying the best technologies (for gasification, fermentation, and chemical conversion) to ensure that these bio-based products reach a break-even point to overcome this obstacle. Participants in the industry have been concentrating on the entire biomass product supply chain, from raw materials to end-use enterprises via distribution centers. 

Recent Developments:

• In May 2022, The Panamanian government collaborated with a group of top energy businesses, led by SGP BioEnergy, to build the largest centre for the production and distribution of biofuels in the entire globe. The Biorefineria Ciudad Dorada (Golden City Biorefinery), which will be built in Colon and Balboa, Panama, in five years, will be the world's biggest advanced biorefinery and Sustainable Aviation Fuel (SAF) production platform, producing 180,000 barrels of biofuel per day (2.6 billion gallons annually). 

Competitive Landscape:

Some of the Biorefinery market players are:

• AB HOLDING SPA (Italy)
• Assam Biorefinery Private Limited.,
• Borregard AS,
• BP PLC
• BTS Biogas Srl/GmbH (Italy)
• Chempolis (Finland)
• Clariant
• Cargill Incorporated,
• Godavari Biorefineries Ltd.,
• Honeywell International Inc. (U.S.)
• IES BIOGAS srl (Italy)
• Neste
• Ørsted A/S (Denmark)
• Renewable Energy Group,
• Sekab, Green Plains Inc.,
• TotalEnergies,
• UPM Global (Finland)
• Valero
• Versalis SpA.
• Vivergo Fuels
• Wilmar International Ltd.
• Zea2 Bioworks (U.S.) 

Market Segmentation:

The Biorefinery market is segmented based on type, product, and technology. Based on type, the market is segmented as the first, second, and third generation. The product segment includes energy-driven and material driven. By technology, the market is segmented into industrial biotechnology, physicochemical, and thermochemical.

Based On Type, The First-Generation Biofuels Segment Is Valued As A Major Contributor To The Biorefinery Market

The first-generation biofuels category will hold a significant share of the global Biorefinery market in 2021. The biomass directly related to first-generation biofuels, such as ethanol and biodiesel, is frequently edible. Typically, GMO or conventional yeast strains like Saccharomyces cerevisiae ferment C6 carbohydrates, primarily glucose, to generate ethanol. Only a few different feedstocks are utilized to synthesize first-generation bioethanol, primarily sugarcane or corn.

Thermochemical Segment Witnessed Growth At A Rapid Rate

The thermochemical segment is projected to grow at a rapid rate in the global Biorefinery market. Multiproduction is a promising option for thermochemical biorefineries looking to lower investment risk. It encourages revenue diversification, makes it possible to integrate materials and energy more effectively, and increases profitability, all of which could help thermochemical biorefineries develop more effectively in the future.

In The Region, The North America Biorefinery Market Holds A Significant Revenue Share

One of the largest aviation markets may be found in the North American continent, which also has a well-established fossil fuel-based infrastructure for land transportation. In order to reduce the greenhouse effect, North America has been at the forefront of reducing emissions. With noteworthy investments in R&D and a large number of biofuel patents to its name, the United States is the region's top producer of advanced biofuels. The United States produced 643 thousand barrels of oil equivalent of biofuel a day in 2021, up roughly 7.1% over the previous year's value, according to the BP Statistical Review of World Energy 2022. (602 thousand barrels of oil equivalent per day).

Biorefinery Market Report Scope:

Segmentation of Biorefinery Market-

Biorefinery Market By Type-

• First Generation
• Second Generation
• Third Generation

Biorefinery Market By Product-

• Energy Driven
• Material Driven

Biorefinery Market By Technology-

• Industrial Biotechnology
• Physico-Chemical
• Thermochemical

By Region-

North America-

• The US
• Canada

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Mexico
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa