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Biorefinery Market

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, 2023-2031

Report ID : 1666 | Published : 2024-03-20 | Pages: 180 | Format: PDF/EXCEL

The Global Biorefinery Market Size is valued at 156.36 billion in 2022 and is predicted to reach 336.39 billion by the year 2031 at a 9.06% CAGR during the forecast period for 2023-2031.

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.

Biorefinery Market

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:

Report Attribute

Specifications

Market size value in 2022

USD 156.36 Bn

Revenue forecast in 2031

USD 336.39 Bn

Growth rate CAGR

CAGR of 9.06 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Billion, and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Type, Product, And Technology

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Valero, TotalEnergies, Neste, Renewable Energy Group, Vivergo Fuels, Borregard AS, Wilmar International Ltd., Godavari Biorefineries Ltd., Assam Biorefinery Private Limited., Sekab, Green Plains Inc., Cragil Incorporated, Clariant, Versalis SpA., and BP PLC.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Biorefinery Market Snapshot

Chapter 4. Global Biorefinery Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:

5.2.1. First Generation
5.2.2. Second Generation
5.2.3. Third Generation

Chapter 6. Market Segmentation 2: by Product Estimates & Trend Analysis
6.1. by Product & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product:

6.2.1. Energy Driven
6.2.2. Material Driven

Chapter 7. Market Segmentation 3: by Technology Estimates & Trend Analysis
7.1. by Technology & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Technology:

7.2.1. Industrial Biotechnology
7.2.2. Physico-Chemical
7.2.3. Thermochemical
7.2.4. Advanced biorefinery
7.2.5. Others

Chapter 8. Biorefinery Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031
8.1.2. North America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2023-2031
8.1.3. North America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2023-2031
8.1.4. North America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.2. Europe

8.2.1. Europe Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031
8.2.2. Europe Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2023-2031
8.2.3. Europe Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2023-2031
8.2.4. Europe Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031
8.3.2. Asia Pacific Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2023-2031
8.3.3. Asia-Pacific Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2023-2031
8.3.4. Asia Pacific Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.4. Latin America

8.4.1. Latin America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031
8.4.2. Latin America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2023-2031
8.4.3. Latin America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2023-2031
8.4.4. Latin America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031
8.5.2. Middle East & Africa Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2023-2031
8.5.3. Middle East & Africa Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2023-2031
8.5.4. Middle East & Africa Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. AB HOLDING SPA (Italy)
9.2.2. Assam Biorefinery Private Limited.,
9.2.3. Borregard AS,
9.2.4. BP PLC
9.2.5. BTS Biogas Srl/GmbH (Italy)
9.2.6. Chempolis (Finland)
9.2.7. Clariant
9.2.8. Cargill Incorporated,
9.2.9. Godavari Biorefineries Ltd.,
9.2.10. Honeywell International Inc. (U.S.)
9.2.11. IES BIOGAS srl (Italy)
9.2.12. Neste
9.2.13. Ørsted A/S (Denmark)
9.2.14. Renewable Energy Group,
9.2.15. Sekab, Green Plains Inc.,
9.2.16. TotalEnergies,
9.2.17. UPM Global (Finland)
9.2.18. Valero
9.2.19. Versalis SpA.
9.2.20. Vivergo Fuels
9.2.21. Wilmar International Ltd.
9.2.22. Zea2 Bioworks (U.S.)
9.2.23. Other Prominent Players

Segmentation of Biorefinery Market-

Biorefinery Market By Type-

  • First Generation
  • Second Generation
  • Third Generation

Biorefinery Market

Biorefinery Market By Product-

  • Energy Driven
  • Material Driven

Biorefinery Market By Technology-

  • Industrial Biotechnology
  • Physico-Chemical
  • Thermochemical

By Region-

North America-

  • The US
  • Canada
  • Mexico

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
  • Rest of Latin America

 Middle East & Africa-

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

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Biorefinery Market?

Biorefinery Market expected to grow at a 9.06% CAGR during the forecast period for 2023-2031

Valero, TotalEnergies, Neste, Renewable Energy Group, Vivergo Fuels, Borregard AS, Wilmar International Ltd., Godavari Biorefineries Ltd., Assam Biore

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