Dublin, April 08, 2024 (GLOBE NEWSWIRE) — The “Biorefinery – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Biorefinery Market to Reach $1.4 Trillion by 2030
The global market for Biorefinery estimated at US$717.4 Billion in the year 2023, is projected to reach a revised size of US$1.4 Trillion by 2030, growing at a CAGR of 9.2% over the analysis period 2023-2030.
Biorefineries are gaining prominence as sustainable alternatives to traditional refineries, leveraging biomass to produce bio-products. In the global market, the competitive landscape of biorefineries is delineated, highlighting strong, active, niche, and trivial players. These facilities are classified based on their operations, with a focus on sustainability driving their adoption.
Industrial Biotechnology, one of the segments analyzed in the report, is projected to record 8.4% CAGR and reach US$724.5 Billion by the end of the analysis period. Growth in the Physico-Chemical Technology segment is estimated at 9.6% CAGR for the next 8-year period.
Biorefinery platforms play a crucial role in converting biomass into valuable bio-products, contributing to the industry’s dynamic growth. Recent market activity indicates increased funding and scaling-up of biofuel and bio-product refinery projects, underscoring the industry’s promising trajectory.
The U.S. Market is Estimated at $202.1 Billion, While China is Forecast to Grow at 10.1% CAGR
The Biorefinery market in the U.S. is estimated at US$202.1 Billion in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$239 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 7.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Exciting New Report Features
- Full access to influencer engagement stats
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 243 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $717.4 Billion |
| Forecasted Market Value (USD) by 2030 | $1400 Billion |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Biorefinery – Global Key Competitors Percentage Market Share in 2023 (E)
- Biorefinery Competitor Market Share Scenario Worldwide (in %): 2020E
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Biorefinery: A Prelude
- Classification of Biorefineries
- Biorefineries Claim Higher Sustainability Credentials over Traditional Counterparts
- Pathways Distribution for Biorefineries
- Biorefinery Platforms Enabling Biorefineries to Turn Biomass into Bio-Products
- Biorefinery Industry Remains Dynamic and Moves Ahead with Encouraging Developments
- Biofuel & Bio-Product Refineries Set to Receive Funding to Scale-Up Projects
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Sustainability Drive Remains at Helm of Substantial Headwinds for Biorefinery Market
- Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
- Carbon Neutrality Goals of Various Countries
- Efforts to Achieve Circular Economy
- Sustainable Investments to Emerge Into an Unstoppable Force in the Coming Decade: Global Investments in Sustainability (In US$ Billion) for Years 2015, 2018, 2020 and 2022
- Climate Change Mitigation Efforts Augments Growth Opportunities for Biorefinery Market
- Rise in Demand for Biobased Products to Drive Growth in Biorefinery Projects
- Select Biobased Products in Focus
- Percentage Share of Bio-Based Plastics In Global Plastic Production for the Years 2010, 2015, 2020, and 2025
- Potential of Biorefinery to Produce Astaxanthin from Shrimp Waste
- Astaxanthin Sales in US$ Million for Years 2020, 2022, 2024and 2027
- Biodiesel Outlook in the Wake of Decarbonization Efforts to Spur Growth
- Opportunity Indicators
- Robust Growth Projected for Biodiesel Brightens the Outlook for Biorefineries: Global Market for Biofuel (In US$ Billion) for Years 2020, 2022, 2024 & 2026
- Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
- Expanding Role of Renewable Fuels in the Global Energy Mix Reflects Opportunities for Biofuels
- COVID-19 Dampens Biofuel Consumption
- Biofuels Production Scenario
- Global Biofuel Production (in Billion Liters)
- Top Biofuel Producing Countries
- Noteworthy Company Developments
- As Demand for HVO Grows, Investments in Biorefineries Gain Pace
- Biorefineries with Carbon Capture and Sequestering Attract Interest
- Advances in Development of Bio-Based Industrial Carbons with Thermochemical Platform
- Microalgae Biorefineries with Potential for Renewable Bioenergy
- Second-Generation Sustainable Biorefinery at Core of Europe’s Bio-Economy Strategy
- Growing Investments in New Refinery Capacity Additions Bodes Well
- Energy Startups Take Biorefinery to New Terrains with Better Solutions for Clean Energy Generation
- Innovative Pyrolysis
- Biomass Torrefaction
- Advanced Methanization
- Gasification to Improve Conversion Efficiency
- Wastewater to Energy
- Cellulosic Biofuel Projects Face Muddled Rollouts & Sluggish Ramp-Up from Biorefineries
- Overcoming Challenges with Cellulosic Ethanol Production in Biorefineries
- Industry Centers Efforts to Make Biogas Production More Profitable
- Catalytic Advances Favor Production & Upgrade of HMF in Biorefineries
- Integrated Biorefineries: Potential Routes for Bio-Based Fuels & Chemicals
- Biomass Valorization for Chemical Production in Biorefineries Aids Sustainability Efforts
FOCUS ON SELECT PLAYERS(Total 53 Featured)
- Cargill, Inc.
- Archer Daniels Midland Company
- Clariant International Ltd.
- China Petroleum & Chemical Corporation (SINOPEC)
- Elevance Renewable Sciences, Inc.
- Aemetis, Inc.
- Abengoa S.A.
- Clariant AG
- BlueFire Renewables, Inc.
- Borregaard ASA
- Chempolis Ltd.
- Biodico, Inc.
- BP Biofuels
- Alkion BioInnovations
- Applied Biorefinery Sciences, LLC
For more information about this report visit https://www.researchandmarkets.com/r/8z7rqn
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