Biorefinery Market by Type (First Generation, Second Generation, and Third Generation), Technology (Industrial Biotechnology, Physico-Chemical, and Thermochemical), Product (Energy driven, and Material driven) and Region - Global Forecast to 2027
The global biorefinery market size was valued at $141.8 billion in 2022 and to reach $210.3 billion by 2027, growing at a compound annual growth rate (CAGR) of 8.2% from 2022 to 2027.
The increasing demand for biorefinery is due to the rise in a number of government initiatives and the increased need for environmental sustainability. Also, the demand is driven by the rise in demand for biofuels and bio-based polymers for achieving net-zero emissions.
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Biorefinery market Dynamics
Driver: Rising number of markets permitting the partial use of biofuels and bio-based polymers.
The world is working towards achieving the net zero goals. Climate change entails a whole economic transition. Navigating consequent risks and opportunities require a mix of innovative fuels including biofuel. The increasing demand for biofuel in the upcoming years is a driving factor for biorefinery products. The biorefinery is treated as a financial tool to reduce (not increase) carbon emissions by storing carbons for future or later use. Many countries are invested in the biorefinery industry which is helping them the future in huge amounts to achieve net-zero emissions. This mainly helps in to fulfill the requirement for fossil fuels in many industries. Hence, these permissions help in driving the market for bio-based products.
Restraints: Requirement of high initial capital investment issues in the market
The high initial investment acts as one of the major barriers to the installation of biorefineries as a market restraint in the forecast period. The investment includes costs related to installation, procurement, implementation, testing, maintenance, and cost of feedstock.
Opportunities: High rate of depletion of fossil fuels
Though fossil fuels are made from decomposing plants and animals & it is found in the crust of the Earth and contain hydrogen and carbon that can be burned to produce energy. The demand for fuels is increasing day by day, it will directly impact the rise in cost continuously due to less availability of oil in the earth’s crust. Increased mining and extraction of high quantity of fossil fuels is directly impacting the depletion of fossil fuels. It has high demand and less availability of crude oil for many countries to promote the use of biofuel instead of fossil fuel.
Challenges: Change in price and high cost of biomass feedstock.
The high cost of biomass hampers the growth of the Biorefinery market. The cost of the feedstock is a significant variable cost factor in the production of biofuels and chemicals. To achieve high production and the longest possible onstream time, consistent feedstock quality is required. biomass materials are kept in storage and then sent to the biorefineries as needed. Based on experience, it appears that this strategy has resulted in a number of logistical issues, biomass losses due to microbial decomposition or fire, and uneven feedstock quality due to variations in the properties of as-delivered biomass. These factors have led to a high increase in the cost of feedstock, low throughput, and low product yield this factor has challenged in market.
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The Energy driven segment by product expected to hold the largest market share from 2022 to 2027
Based on the product, the energy driven segment is estimated to be the largest market from 2020 to 2027. The growing investments in the renewable energy sector will lead to a rise in the number of renewable power plants and increased production of bioenergy, which is expected to propel the demand for energy driven biorefinery.
Industrial Biotechnology followed by the technology segment is projected to emerge as the largest segment, by technology, in the biorefinery market
Based on the type of biorefinery, the industrial biotechnology segment is expected to exhibit the largest market share from 2022 to 2027. Industrial biotechnology includes both productions of bio-based products including chemicals, fuels, and plastics from renewable feedstocks as well as the application of biotechnology-based tools to traditional industrial processes known as bioprocessing. The capacity of integrated biorefineries to produce numerous products and value streams made possible by industrial biotechnology is seen to have the potential to change the economics of industrial production. Economic advantage, high performance, and environment-friendly products are three key factors responsible for the successful market penetration of large-scale bio-based industrial products.
Europe is expected to account for the second largest market during the forecast period.
Europe accounted for the second largest share in the global biorefinery market during the forecast period. Germany is the major investor & user of biofuel and biorefinery-based products. The UK is shifting from oil- and coal-based energy consumption toward renewable energy consumption is expanding owing to government support. The country has implemented stringent regulations regarding the annual emissions levels across various sectors, including industry, transportation, and buildings. Moreover, the current electricity demand in Germany is around 539.4 billion kilowatt hours (kWh), and by 2030, that need could rise to 700 billion kilowatt hours (kWh). The main source of this energy is fossil fuels, which pose a major threat to both human health and the environment.
Key Players
Valero (US), Renewable Energy Group (US), Neste (Finland), TotalEnergies (France), Renewable Energy Group, (US), Vivergo Fuel (England), Borregard AS (Norway), Wilmar International Ltd. (Singapore), Godavari Biorefineries Ltd. (India), Sekab (Sweden), Cargill, Incorporated, (US), Clariant (Switzerland), Abengoa (Spain), and Green Plains (US).
Biorefinery Market Report Scope
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Report Attributes |
Details |
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Market size: |
USD 141.8 billion in 2022 to USD 210.3 billion by 2027 |
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Growth Rate: |
8.2% |
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Largest Market: |
Americas |
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Market Dynamics: |
Drivers, Restraints, Opportunities & Challenges |
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Forecast Period: |
2022-2027 |
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Forecast Units: |
Value (USD Billion) |
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Report Coverage: |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Segments Covered: |
Biorefinery Market by Type, Technology, Product, and Region |
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Geographies Covered: |
Americas, Europe, Asia Pacific, Latin America, and Middle East and Africa |
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Report Highlights:
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Updated financial information / product portfolio of players |
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Key Market Opportunities: |
High depletion rate of fossil fuels |
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Key Market Drivers: |
Rise in demand for biofuels and bio-based polymers |
This research report categorizes the market based on type, product, technology, and region.
Based on type, the biorefinery market has been segmented as follows:
- First Generation
- Second Generation
- Third Generation
Based on product, the market has been segmented as follows:
- Energy Driven
- Material Driven
Based on technology, the market has been segmented as follows:
- Industrial Biotechnology
- Physico-Chemical
- Thermochemical
Based on the region, the market has been segmented as follows:
- Americas
- Asia Pacific
- Europe
- Middle East & Africa
Recent Developments
- In October 2022, Neste partnered with EDi Energie-Direkt Hohenlohe GmbH and TOOL-FUEL Services GmbH to sell Neste MY Renewable Diesel in Germany and contribute to reducing greenhouse gas emissions in the transport sector. German law regulates the selling of renewable fuels. The use of 100% renewable diesel products, such as Neste MY Renewable Diesel, in urban public transportation, waste collection for mail and package delivery services, and off-road applications, such as trains, farming equipment, or machinery, is already possible.
- In February 2022, Renewable Energy Group and Bunker Holding and Renewable Energy Group Form Strategic Partnership to Increase Biodiesel Use in Marine Markets in the United States and the European Union. The M/T Amak Swan was operated by Bunker Holding's physical bunker subsidiary, Bunker One, on a test run using a B30 biofuel blend that included second-generation bio feedstock. It enables businesses to play a crucial part in converting the shipping sector to new, more environmentally friendly energy sources.
- In February 2022, Veolia and TotalEnergies have entered into a partnership agreement to establish biomethane from Veolia water and waste treatment plants operating across more than 15 countries. The partnership was created with the goal of producing up to 1.5 terawatt-hours (TWh) of biomethane annually by 2025.
Frequently Asked Questions (FAQ):
What is the current size of the biorefinery market?
The current market size of the global biorefinery market is 141.8 billion in 2022.
What is the major drivers for the biorefinery market?
The rise in the number of government initiatives and the increased need for environmental sustainability. Many countries around the world are trying to move away from dependence on oil imports. The US Renewable Fuels Standards Program was created to reduce greenhouse gas emissions and expand the US renewable fuel sector. The implementation of stringent environmental regulations in several countries has also created the demand for efficient and less polluting energy sources, thus driving the growth of the biorefining market worldwide.
Which is the largest region during the forecasted period in the biorefinery market?
Americas is expected to be the largest region during the forecasted period in the biorefinery market. The pledges such as achieving net-zero-emission in countries such as the US, Canada, Brazil, Mexico, and Argentina act as driving forces for the Americas biorefinery market. The industrial sector is strong in these countries and is expected to grow further, leading to high demand for industrial biorefinery from industrial facilities.
Which is the fastest-growing segment, by current during the forecasted period in the biorefinery market?
The energy driven market segment is expected to register a higher growth rate owing to the growing demand for biofuel and bioenergy used as renewable energy globally. Additionally, growing investments in the renewable energy sector will lead to a rise in the number of renewable power plants and increased production of bioenergy also help in increasing the biorefinery market. Asia Pacific, the Americas, and Europe are expected to show high growth in the biorefinery market owing to the increasing demand for biofuel and the change in government initiatives for environmental sustainability manufacturing industries in countries such as India, China, Brazil, US, Germany, UK, and France. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 25)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 BIOREFINERY MARKET, BY TECHNOLOGY
1.3.2 BIOREFINERY MARKET, BY PRODUCT
1.3.3 BIOREFINERY MARKET, BY TYPE
1.4 MARKET SCOPE
1.4.1 BIOREFINERY MARKET SEGMENTATION
1.4.2 GEOGRAPHIC SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY
1.7 LIMITATIONS
1.8 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 29)
2.1 RESEARCH DATA
FIGURE 1 BIOREFINERY MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION METHODOLOGY
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
FIGURE 3 KEY DATA FROM PRIMARY SOURCES
2.2.2.1 Breakdown of primaries
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
FIGURE 7 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR BIOREFINERIES
2.3.3.1 Demand-side calculations
2.3.3.2 Assumptions for demand-side analysis
2.3.3.3 Regional analysis
2.3.3.4 Country-level analysis
2.3.4 SUPPLY-SIDE ANALYSIS
FIGURE 8 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF BIOREFINERIES
FIGURE 9 BIOREFINERY MARKET: SUPPLY-SIDE ANALYSIS
2.3.4.1 Supply-side calculations
2.3.4.2 Supply-side assumptions
2.3.5 FORECAST
3 EXECUTIVE SUMMARY (Page No. - 40)
TABLE 1 BIOREFINERY MARKET SNAPSHOT
FIGURE 10 INDUSTRIAL BIOTECHNOLOGY TO DOMINATE MARKET
FIGURE 11 ENERGY DRIVEN PRODUCTS EXPECTED TO DOMINATE MARKET
FIGURE 12 FIRST GENERATION TYPE EXPECTED TO LEAD MARKET IN 2027
FIGURE 13 AMERICAS DOMINATED MARKET IN 2021
4 PREMIUM INSIGHTS (Page No. - 44)
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BIOREFINERY MARKET
FIGURE 14 INCREASED GOVERNMENT INITIATIVES AND NEED FOR ENVIRONMENTAL SUSTAINABILITY TO DRIVE BIOREFINERY MARKET
4.2 AMERICAS: MARKET, BY TYPE AND COUNTRY, 2021
FIGURE 15 SECOND GENERATION AND US HELD LARGEST SHARES OF AMERICAS BIOREFINERY MARKET IN 2021
4.3 BIOREFINERY MARKET, BY REGION
FIGURE 16 AMERICAS MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.4 BIOREFINERY MARKET, BY TECHNOLOGY
FIGURE 17 PHYSICO-CHEMICAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2027
4.5 BIOREFINERY MARKET, BY PRODUCT
FIGURE 18 ENERGY DRIVEN SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2027
4.6 BIOREFINERY MARKET, BY TYPE
FIGURE 19 FIRST GENERATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2027
5 MARKET OVERVIEW (Page No. - 48)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 BIOREFINERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rise in demand for biofuels and bio-based polymers
FIGURE 21 GLOBAL BIODIESEL PRODUCTION, 2010–2026
FIGURE 22 GLOBAL BIOETHANOL PRODUCTION, 2010–2026
FIGURE 23 GLOBAL RENEWABLE DIESEL PRODUCTION, 2010–2026
FIGURE 24 GLOBAL BIOJET PRODUCTION, 2018–2026
5.2.1.2 Technological advancements and increased investments in market
5.2.1.3 Rise in number of government initiatives and increased need for environmental sustainability
5.2.2 RESTRAINTS
5.2.2.1 Requirement of high initial capital investments
5.2.2.2 Uncertain global economic conditions
5.2.3 OPPORTUNITIES
5.2.3.1 High depletion rate of fossil fuels
5.2.4 CHALLENGES
5.2.4.1 Variable and high cost of feedstock
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR BIOREFINERY PROVIDERS
FIGURE 25 REVENUE SHIFT FOR BIOREFINERY PROVIDERS
5.4 VALUE/SUPPLY CHAIN ANALYSIS
FIGURE 26 MARKET: SUPPLY CHAIN ANALYSIS
TABLE 2 BIOREFINERY MARKET: VALUE CHAIN
5.4.1 MANUFACTURERS
5.4.2 TECHNOLOGY PROVIDERS
5.4.3 EPC CONTRACTORS
5.4.4 OPERATORS
5.4.5 END USERS
5.5 MARKET MAPPING
FIGURE 27 MARKET MAP
5.6 TECHNOLOGY ANALYSIS
5.6.1 TECHNOLOGY TRENDS IN BIOREFINERY MARKET
5.6.2 MACHINE LEARNING-RELATED DEVELOPMENTS IN BIOREFINING PROCESSES
5.6.3 IOT-CONNECTED MICROALGAE BIOREFINERY
5.7 PATENT ANALYSIS
5.7.1 LIST OF MAJOR PATENTS
TABLE 3 INNOVATIONS AND PATENT REGISTRATIONS, JULY 2019–SEPTEMBER 2022
5.7.2 TRADE ANALYSIS
5.7.3 IMPORT SCENARIO
TABLE 4 IMPORT SCENARIO FOR HS CODE: 3826, BY COUNTRY, 2019–2021 (USD)
FIGURE 28 IMPORT DATA FOR TOP 5 COUNTRIES, 2019–2021 (USD THOUSANDS)
5.7.4 EXPORT SCENARIO
TABLE 5 EXPORT SCENARIO FOR HS CODE: 3826, BY COUNTRY, 2019–2021 (USD)
FIGURE 29 EXPORT DATA FOR TOP 5 COUNTRIES, 2019–2021 (USD THOUSANDS)
5.8 PRICING ANALYSIS
5.8.1 AVERAGE SELLING PRICE OF BIOREFINERY, BY PRODUCT
TABLE 6 AVERAGE SELLING PRICE OF PRODUCTS, 2021
TABLE 7 AVERAGE INVESTMENT FOR SETTING UP BIOREFINERY, BY PRODUCTION CAPACITY, 2021
5.9 TARIFFS, CODES, AND REGULATORY LANDSCAPE
5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10 PORTER'S FIVE FORCES ANALYSIS
FIGURE 30 PORTER'S FIVE FORCES ANALYSIS FOR MARKET
TABLE 9 BIOREFINERY MARKET: PORTER'S FIVE FORCES ANALYSIS
5.10.1 THREAT OF SUBSTITUTES
5.10.2 BARGAINING POWER OF SUPPLIERS
5.10.3 BARGAINING POWER OF BUYERS
5.10.4 THREAT OF NEW ENTRANTS
5.10.5 INTENSITY OF COMPETITIVE RIVALRY
5.11 CASE STUDY ANALYSIS
5.11.1 BIOENERGY PRODUCTION USING WASTE FROM INDUSTRIAL PROCESSING OF ORANGES
5.11.1.1 Problem statement
5.11.1.2 Solution
5.11.2 FOOD WASTE (FW) MANAGEMENT ENHANCING EMERGING BIOECONOMY IN CHINA
5.11.2.1 Problem statement
5.11.2.2 Solution
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 31 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS
TABLE 10 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 2 PRODUCTS
5.13 BUYING CRITERIA
FIGURE 32 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 2 PRODUCTS
TABLE 11 KEY BUYING CRITERIA FOR TOP 2 PRODUCTS
5.14 KEY CONFERENCES AND EVENTS, 2022–2024
TABLE 12 BIOREFINERY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
6 BIOREFINERY MARKET, BY TECHNOLOGY (Page No. - 83)
6.1 INTRODUCTION
FIGURE 33 MARKET, BY TECHNOLOGY, 2021
TABLE 13 BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
6.2 INDUSTRIAL BIOTECHNOLOGY
6.2.1 EXTENSIVE USE TO REPLACE FOSSIL FUELS AND PETROLEUM-BASED PRODUCTS TO INCREASE DEMAND
TABLE 14 INDUSTRIAL BIOTECHNOLOGY: MARKET, BY REGION, 2020–2027 (USD MILLION)
6.3 THERMOCHEMICAL
6.3.1 LOW TIME REQUIRED IN CONVERSION TECHNIQUE TO DRIVE DEMAND
TABLE 15 THERMOCHEMICAL: MARKET, BY REGION, 2020–2027 (USD MILLION)
6.4 PHYSICO-CHEMICAL
6.4.1 PROPERTIES OF LIGNOCELLULOSIC MATERIALS TO DRIVE DEMAND
TABLE 16 PHYSICO-CHEMICAL: MARKET, BY REGION, 2020–2027 (USD MILLION)
7 BIOREFINERY MARKET, BY PRODUCT (Page No. - 88)
7.1 INTRODUCTION
FIGURE 34 MARKET, BY PRODUCT, 2021
TABLE 17 BIOREFINERY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
7.2 ENERGY DRIVEN
7.2.1 CHANGE IN GOVERNMENT POLICIES LEADING TO INCREASED INVESTMENTS IN BIOREFINERY TO DRIVE DEMAND
7.2.1.1 Biodiesel
7.2.1.2 Bioethanol
7.2.1.3 Sustainable aviation fuel
TABLE 18 ENERGY DRIVEN: BIOREFINERY MARKET, BY PRODUCT, 2020–2027 (MILLION LITERS)
TABLE 19 ENERGY DRIVEN: MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 20 ENERGY DRIVEN: MARKET, BY REGION, 2020–2027 (USD MILLION)
7.3 MATERIAL DRIVEN
7.3.1 RISING DEMAND FOR ANIMAL FEED AND INCREASING BIOMATERIALS USAGE IN INDUSTRIAL AND COMMERCIAL SECTORS TO DRIVE DEMAND
7.3.1.1 Chemicals
7.3.1.2 Bio–naphtha
7.3.1.3 Animal feed
7.3.1.4 Others
TABLE 21 MATERIAL DRIVEN: MARKET, BY REGION, 2020–2027 (USD MILLION)
8 BIOREFINERY MARKET, BY TYPE (Page No. - 96)
8.1 INTRODUCTION
FIGURE 35 MARKET, BY TYPE, 2021
TABLE 22 BIOREFINERY MARKET, BY TYPE, 2020–2027 (USD MILLION)
8.2 FIRST GENERATION
8.2.1 EASY AVAILABILITY OF RAW MATERIALS TO DRIVE DEMAND
TABLE 23 FIRST GENERATION: MARKET, BY REGION, 2020–2027 (USD MILLION)
8.3 SECOND GENERATION
8.3.1 LOW PRODUCTION COST TO DRIVE DEMAND
TABLE 24 SECOND GENERATION: MARKET, BY REGION, 2020–2027 (USD MILLION)
8.4 THIRD GENERATION
8.4.1 RISE IN DEMAND FOR ALGAE-BASED BIOFUEL TO DRIVE MARKET
TABLE 25 THIRD GENERATION: MARKET, BY REGION, 2020–2027 (USD MILLION)
9 BIOREFINERY MARKET, BY REGION (Page No. - 101)
9.1 INTRODUCTION
FIGURE 36 MARKET SHARE, BY REGION, 2021 (%)
FIGURE 37 BIOREFINERY MARKET IN MIDDLE EAST & AFRICA TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
9.1.1 BY TECHNOLOGY
TABLE 26 MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.1.2 BY PRODUCT
TABLE 27 BIOREFINERY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 28 ENERGY DRIVEN: MARKET, BY PRODUCT, 2020–2027 (MILLION LITER)
TABLE 29 ENERGY DRIVEN: MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
9.1.3 BY TYPE
TABLE 30 MARKET, BY TYPE, 2020–2027 (USD MILLION)
9.1.4 BY REGION
TABLE 31 MARKET, BY REGION, 2020–2027 (USD MILLION)
9.2 AMERICAS
FIGURE 38 AMERICAS: BIOREFINERY MARKET SNAPSHOT
9.2.1 BY TECHNOLOGY
TABLE 32 AMERICAS: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.2.2 BY PRODUCT
TABLE 33 AMERICAS: MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
9.2.3 BY TYPE
TABLE 34 AMERICAS: MARKET, BY TYPE, 2020–2027 (USD MILLION)
9.2.4 BY COUNTRY
TABLE 35 AMERICAS: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
9.2.4.1 US
9.2.4.1.1 Initiation of new projects and government incentives to drive market growth
TABLE 36 US: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.2.4.2 Canada
9.2.4.2.1 Initiatives to develop forest-based biorefinery to drive market growth
TABLE 37 CANADA: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.2.4.3 Brazil
9.2.4.3.1 Investments in new biorefinery projects to drive market growth
TABLE 38 BRAZIL: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.2.4.4 Rest of Americas
TABLE 39 REST OF AMERICAS: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.3 EUROPE
FIGURE 39 EUROPE: MARKET SNAPSHOT
9.3.1 BY TECHNOLOGY
TABLE 40 EUROPE: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.3.2 BY PRODUCT
TABLE 41 EUROPE: MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
9.3.3 BY TYPE
TABLE 42 EUROPE: MARKET, BY TYPE, 2020–2027 (USD MILLION)
9.3.4 BY COUNTRY
TABLE 43 EUROPE: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
9.3.4.1 Germany
9.3.4.1.1 Increased demand for ethanol and high investments in biorefineries to drive market growth
TABLE 44 GERMANY: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.3.4.2 UK
9.3.4.2.1 Rise in investments to achieve net-zero emissions to drive market growth
TABLE 45 UK: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.3.4.3 Italy
9.3.4.3.1 Increased demand for biofuel and expansion of biorefineries to drive market demand
TABLE 46 ITALY: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.3.4.4 France
9.3.4.4.1 Increased focus on reduction in greenhouse gas (GHG) emissions to drive market growth
TABLE 47 FRANCE: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.3.4.5 Spain
9.3.4.5.1 Changes in government policies to fuel demand for biorefineries
TABLE 48 SPAIN: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.3.4.6 Netherlands
9.3.4.6.1 Need to reduce dependency on fossil fuels to drive demand
TABLE 49 NETHERLANDS: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.3.4.7 Hungary
9.3.4.7.1 Policies and regulations pertaining to fossil fuels to drive demand
TABLE 50 HUNGARY: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.3.4.8 Poland
9.3.4.8.1 Stringent regulations to boost biofuel demand
TABLE 51 POLAND: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.3.4.9 Rest of Europe
TABLE 52 REST OF EUROPE: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.4 ASIA PACIFIC
9.4.1 BY TECHNOLOGY
TABLE 53 ASIA PACIFIC: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.4.2 BY PRODUCT
TABLE 54 ASIA PACIFIC: MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
9.4.3 BY TYPE
TABLE 55 ASIA PACIFIC: MARKET, BY TYPE, 2020–2027 (USD MILLION)
9.4.4 BY COUNTRY
TABLE 56 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
9.4.4.1 China
9.4.4.1.1 Investments in production of hydrotreated vegetable oil to drive market growth
TABLE 57 CHINA: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.4.4.2 India
9.4.4.2.1 High investment in production of ethanol and change in government policy to drive demand
TABLE 58 INDIA: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.4.4.3 Indonesia
9.4.4.3.1 Increasing number of biorefinery projects to accelerate market growth
TABLE 59 INDONESIA: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.4.4.4 Thailand
9.4.4.4.1 Government support and initiatives to drive market growth
TABLE 60 THAILAND: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.4.4.5 Rest of Asia Pacific
9.4.4.5.1 By technology
TABLE 61 REST OF ASIA PACIFIC: MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.5 MIDDLE EAST & AFRICA
9.5.1 BY TECHNOLOGY
TABLE 62 MIDDLE EAST & AFRICA: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
9.5.2 BY PRODUCT
TABLE 63 MIDDLE EAST & AFRICA: MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
9.5.3 BY TYPE
TABLE 64 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2020–2027 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 134)
10.1 OVERVIEW
FIGURE 40 KEY DEVELOPMENTS IN MARKET, 2018–2022
10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
TABLE 65 MARKET: DEGREE OF COMPETITION
FIGURE 41 BIOREFINERY MARKET SHARE ANALYSIS, 2021
10.3 MARKET EVALUATION FRAMEWORK
TABLE 66 MARKET EVALUATION FRAMEWORK, 2018–2021
10.4 SEGMENTAL REVENUE ANALYSIS OF TOP THREE MARKET PLAYERS
FIGURE 42 TOP PLAYERS IN BIOREFINERY MARKET, 2017–2021
10.5 COMPANY EVALUATION QUADRANT, 2021
10.5.1 STARS
10.5.2 PERVASIVE PLAYERS
10.5.3 EMERGING LEADERS
10.5.4 PARTICIPANTS
FIGURE 43 COMPETITIVE LEADERSHIP MAPPING: MARKET, 2021
10.6 START-UP/SME EVALUATION QUADRANT, 2021
10.6.1 PROGRESSIVE COMPANIES
10.6.2 RESPONSIVE COMPANIES
10.6.3 DYNAMIC COMPANIES
10.6.4 STARTING BLOCKS
FIGURE 44 BIOREFINERY MARKET: START-UP/SMES EVALUATION QUADRANT, 2021
10.6.5 COMPETITIVE BENCHMARKING
TABLE 67 MARKET: DETAILED LIST OF KEY START-UPS/SMES
10.7 BIOREFINERY MARKET: SME COMPANY FOOTPRINT, BY PRODUCT
TABLE 68 COMPANY FOOTPRINT: BY PRODUCT
10.8 MARKET: SME COMPANY FOOTPRINT, BY TYPE
TABLE 69 COMPANY FOOTPRINT: BY TYPE
10.9 MARKET: SME COMPANY FOOTPRINT
TABLE 70 COMPANY FOOTPRINT: BY REGION
10.10 MARKET: SME COMPANY FOOTPRINT
TABLE 71 OVERALL COMPANY FOOTPRINT
10.11 MARKET: COMPANY FOOTPRINT, BY PRODUCT
TABLE 72 COMPANY FOOTPRINT: BY PRODUCT
10.12 MARKET: COMPANY FOOTPRINT, BY TYPE
TABLE 73 COMPANY FOOTPRINT: BY TYPE
10.13 MARKET: COMPANY FOOTPRINT, BY REGION
TABLE 74 COMPANY FOOTPRINT: BY REGION
10.14 MARKET: COMPANY FOOTPRINT
TABLE 75 OVERALL: COMPANY FOOTPRINT
10.15 COMPETITIVE SCENARIO
TABLE 76 BIOREFINERY MARKET: PRODUCT LAUNCHES, MARCH 2022
TABLE 77 MARKET: DEALS, MARCH 2021–OCTOBER 2022
TABLE 78 MARKET, MAY 2018–SEPTEMBER 2021
11 COMPANY PROFILES (Page No. - 157)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1 KEY PLAYERS
11.1.1 VALERO
TABLE 79 VALERO: BUSINESS OVERVIEW
FIGURE 45 VALERO: COMPANY SNAPSHOT (2021)
TABLE 80 VALERO: PRODUCTS OFFERED
TABLE 81 VALERO: DEALS
TABLE 82 VALERO: OTHERS
11.1.2 TOTALENERGIES
TABLE 83 TOTALENERGIES: BUSINESS OVERVIEW
FIGURE 46 TOTALENERGIES: COMPANY SNAPSHOT (2021)
TABLE 84 TOTALENERGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 85 TOTALENERGIES: DEALS
11.1.3 NESTE
TABLE 86 NESTE: BUSINESS OVERVIEW
FIGURE 47 NESTE: COMPANY SNAPSHOT (2021)
TABLE 87 NESTE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 88 NESTE: DEALS
11.1.4 RENEWABLE ENERGY GROUP
TABLE 89 RENEWABLE ENERGY GROUP: BUSINESS OVERVIEW
FIGURE 48 RENEWABLE ENERGY GROUP: COMPANY SNAPSHOT (2021)
TABLE 90 RENEWABLE ENERGY GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 91 RENEWABLE ENERGY GROUP: PRODUCT LAUNCHES
TABLE 92 RENEWABLE ENERGY GROUP: DEALS
TABLE 93 RENEWABLE ENERGY GROUP: OTHERS
11.1.5 VIVERGO FUELS
TABLE 94 VIVERGO FUELS: BUSINESS OVERVIEW
TABLE 95 VIVERGO FUELS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 96 VIVERGO FUELS: OTHERS
11.1.6 BORREGAARD AS
TABLE 97 BORREGAARD AS: BUSINESS OVERVIEW
FIGURE 49 BORREGAARD AS: COMPANY SNAPSHOT (2021)
TABLE 98 BORREGAARD AS: PRODUCTS OFFERED
TABLE 99 BORREGAARD AS: OTHERS
11.1.7 WILMAR INTERNATIONAL LTD.
TABLE 100 WILMAR INTERNATIONAL LTD.: BUSINESS OVERVIEW
FIGURE 50 WILMAR INTERNATIONAL LTD.: COMPANY SNAPSHOT (2021)
TABLE 101 WILMAR INTERNATIONAL LTD.: PRODUCTS OFFERED
11.1.8 GODAVARI BIOREFINERIES LTD.
TABLE 102 GODAVARI BIOREFINERIES LTD.: BUSINESS OVERVIEW
FIGURE 51 GODAVARI BIOREFINERIES LTD.: COMPANY SNAPSHOT (2021)
TABLE 103 GODAVARI BIOREFINERIES LTD: PRODUCTS OFFERED
TABLE 104 GODAVARI BIOREFINERIES LTD: OTHERS
11.1.9 ASSAM BIO REFINERY PRIVATE LIMITED
TABLE 105 ASSAM BIO REFINERY PRIVATE LIMITED: BUSINESS OVERVIEW
TABLE 106 ASSAM BIO REFINERY PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.10 SEKAB
TABLE 107 SEKAB: BUSINESS OVERVIEW
TABLE 108 SEKAB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 109 SEKAB: DEALS
11.1.11 GREEN PLAINS INC.
TABLE 110 GREEN PLAINS INC.: BUSINESS OVERVIEW
FIGURE 52 GREEN PLAINS INC.: COMPANY SNAPSHOT (2021)
TABLE 111 GREEN PLAINS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 112 GREEN PLAINS INC.: DEALS
TABLE 113 GREEN PLAINS INC.: OTHERS
11.1.12 CARGILL, INCORPORATED
TABLE 114 CARGILL, INCORPORATED: BUSINESS OVERVIEW
TABLE 115 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 116 CARGILL, INCORPORATED: DEALS
TABLE 117 CARGILL, INCORPORATED: OTHERS
11.1.13 CLARIANT
TABLE 118 CLARIANT: BUSINESS OVERVIEW
FIGURE 53 CLARIANT: COMPANY SNAPSHOT (2021)
TABLE 119 CLARIANT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 120 CLARIANT: DEALS
11.1.14 VERSALIS S.P.A.
TABLE 121 VERSALIS S.P.A.: BUSINESS OVERVIEW
FIGURE 54 VERSALIS S.P.A.: COMPANY SNAPSHOT (2021)
TABLE 122 VERSALIS S.P.A.: PRODUCTS OFFERED
TABLE 123 VERSALIS S.P.A.: PRODUCT LAUNCHES
TABLE 124 VERSALIS S.P.A.: DEALS
11.1.15 ABENGOA
TABLE 125 ABENGOA: COMPANY OVERVIEW
TABLE 126 ABENGOA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.2 OTHER PLAYERS
11.2.1 CHINA PETROCHEMICAL CORPORATION
11.2.2 RED RIVER BIOREFINERY
11.2.3 SGP BIOENERGY HOLDINGS, LLC
11.2.4 BP P.L.C.
11.2.5 CHEMPOLIS
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
12 APPENDIX (Page No. - 214)
12.1 INSIGHTS OF INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4 CUSTOMIZATION OPTIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
This study involved major activities in estimating the current size of the biorefinery market. Comprehensive secondary research was done to collect information on the market, peer market, and parent market. The next step involved was the validation of these findings, assumptions, and market sizing with industry experts across the value chain through primary research. The total market size was estimated through country-wise analysis. Then, the market breakdown and data triangulation were performed to estimate the market size of the segments and sub-segments.
Secondary Research
The secondary research involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global biorefinery market. The other secondary sources comprised press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturers, associations, trade directories, and databases.
Primary Research
The biorefinery market comprises several stakeholders, such as technology providers, EPC contractor, operators, end-users in the supply chain. The demand-side of this market is characterized by end-users. The supply side is characterized by rising demand for contracts from the industrial sector and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up approach has been used to estimate and validate the size of the biorefinery market.
- In this approach, the biorefinery statistics for each type have been considered at regional level and biorefinery revenues and statistics at country level
- Extensive secondary and primary research has been carried out to understand the global market scenario for various types of biorefinery.
- Several primary interviews have been conducted with key opinion leaders related to biorefinery system development, including key OEMs and Tier I suppliers.
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.
Global Biorefinery Market Size: Bottom-Up Approach
Data Triangulation
The overall market size is estimated using the market size estimation processes as explained above, followed by the splitting of the market into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the biorefinery market ecosystem.
Report Objectives
- To define, describe, segment, and forecast the biorefinery market by type, product, and technology, in terms of value
- To forecast the market size for four key regions: Americas, Europe, Asia Pacific, and Middle East & Africa, along with their key countries, in terms of value
- To provide comprehensive information about the drivers, restraints, opportunities, and industry-specific challenges that affect the market growth
- To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as agreements, sales contracts, partnerships, new product launches, acquisitions, joint ventures, contracts, expansions, and investments in the market
- This report covers the biorefinery market size in terms of value.
Available Customization
With the given market data, MarketsandMarkets offers customizations based on the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product Matrix, which provides a detailed comparison of the product portfolio of each company
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Biorefinery Market