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.
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.
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.
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.
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).
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 182.38 Bn |
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Revenue forecast in 2034 |
USD 435.68 Bn |
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Growth rate CAGR |
CAGR of 9.2% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Type, Product, And Technology |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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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. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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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, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 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, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 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, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 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, 2021-2034
8.1.2. North America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
8.1.3. North America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
8.1.4. North America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.2.2. Europe Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
8.2.3. Europe Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
8.2.4. Europe Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.3.2. Asia Pacific Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
8.3.3. Asia-Pacific Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
8.3.4. Asia Pacific Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.4.2. Latin America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
8.4.3. Latin America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
8.4.4. Latin America Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.5.2. Middle East & Africa Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
8.5.3. Middle East & Africa Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
8.5.4. Middle East & Africa Biorefinery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
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
Biorefinery Market By Type-
Biorefinery Market By Product-
Biorefinery Market By Technology-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & 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:
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:
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.
