Biorefinery Market

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

Report Code: EP 8513 Dec, 2022, by marketsandmarkets.com

[223 Pages Report] The biorefinery market is expected to grow from an estimated USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% during the forecast period. 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.

Biorefinery Market

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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 biorefinery market.

Biorefinery Market Size, and Share

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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.

Biorefinery Market Size, and Share

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).

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Scope of the Report

Report Metrics

Details

Market Size available for years 2020–2027
Base year considered 2021
Forecast period 2022–2027
Forecast units Value (USD Million/USD Billion)
Segments covered By Type, By Product, and By Technology
Geographies covered Asia Pacific, Americas, Europe, and Middle East & Africa
Companies covered Valero (US), TotalEnergies (France), Neste (Finland), Renewable Energy Group (US), Vivergo Fuels (England), Borregaard AS (Norway), Wilmar International Ltd. (Singapore), Godavari Biorefineries Ltd. (India), Assam Bio Refinery Private Limited (India), Sekab (Sweden), Green Plains Inc. (US), Cargill, Incorporated (US), Clariant (Switzerland), Versalis S.p.A. (Italy), Abengoa (Spain), China Petrochemical Corporation (China), Red River Biorefinery (US), SGP BioEnergy Holdings, LLC (US), BP P.L.C. (UK), Chempolis (Finland)

This research report categorizes the biorefinery 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 biorefinery market has been segmented as follows:
  • Energy Driven
  • Material Driven
Based on technology, the biorefinery market has been segmented as follows:
  • Industrial Biotechnology
  • Physico-Chemical
  • Thermochemical
Based on the region, the biorefinery 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.

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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 BIOREFINERY MARKET
    FIGURE 11 ENERGY DRIVEN PRODUCTS EXPECTED TO DOMINATE BIOREFINERY MARKET
    FIGURE 12 FIRST GENERATION TYPE EXPECTED TO LEAD BIOREFINERY MARKET IN 2027
    FIGURE 13 AMERICAS DOMINATED BIOREFINERY 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: BIOREFINERY 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 biorefinery 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 BIOREFINERY 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 BIOREFINERY 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 BIOREFINERY 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 BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY MARKET, BY REGION, 2020–2027 (USD MILLION)

7 BIOREFINERY MARKET, BY PRODUCT (Page No. - 88)
    7.1 INTRODUCTION
           FIGURE 34 BIOREFINERY 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: BIOREFINERY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
                               TABLE 20 ENERGY DRIVEN: BIOREFINERY 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: BIOREFINERY MARKET, BY REGION, 2020–2027 (USD MILLION)

8 BIOREFINERY MARKET, BY TYPE (Page No. - 96)
    8.1 INTRODUCTION
           FIGURE 35 BIOREFINERY 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: BIOREFINERY MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.3 SECOND GENERATION
           8.3.1 LOW PRODUCTION COST TO DRIVE DEMAND
                    TABLE 24 SECOND GENERATION: BIOREFINERY 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: BIOREFINERY MARKET, BY REGION, 2020–2027 (USD MILLION)

9 BIOREFINERY MARKET, BY REGION (Page No. - 101)
    9.1 INTRODUCTION
           FIGURE 36 BIOREFINERY 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 BIOREFINERY 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: BIOREFINERY MARKET, BY PRODUCT, 2020–2027 (MILLION LITER)
                    TABLE 29 ENERGY DRIVEN: BIOREFINERY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
           9.1.3 BY TYPE
                    TABLE 30 BIOREFINERY MARKET, BY TYPE, 2020–2027 (USD MILLION)
           9.1.4 BY REGION
                    TABLE 31 BIOREFINERY MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.2 AMERICAS
           FIGURE 38 AMERICAS: BIOREFINERY MARKET SNAPSHOT
           9.2.1 BY TECHNOLOGY
                    TABLE 32 AMERICAS: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
           9.2.2 BY PRODUCT
                    TABLE 33 AMERICAS: BIOREFINERY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
           9.2.3 BY TYPE
                    TABLE 34 AMERICAS: BIOREFINERY MARKET, BY TYPE, 2020–2027 (USD MILLION)
           9.2.4 BY COUNTRY
                    TABLE 35 AMERICAS: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
                    9.2.4.4 Rest of Americas
                               TABLE 39 REST OF AMERICAS: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
    9.3 EUROPE
           FIGURE 39 EUROPE: BIOREFINERY 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: BIOREFINERY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
           9.3.3 BY TYPE
                    TABLE 42 EUROPE: BIOREFINERY MARKET, BY TYPE, 2020–2027 (USD MILLION)
           9.3.4 BY COUNTRY
                    TABLE 43 EUROPE: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
                    9.3.4.9 Rest of Europe
                               TABLE 52 REST OF EUROPE: BIOREFINERY 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: BIOREFINERY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
           9.4.3 BY TYPE
                    TABLE 55 ASIA PACIFIC: BIOREFINERY MARKET, BY TYPE, 2020–2027 (USD MILLION)
           9.4.4 BY COUNTRY
                    TABLE 56 ASIA PACIFIC: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY 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: BIOREFINERY MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
           9.5.3 BY TYPE
                    TABLE 64 MIDDLE EAST & AFRICA: BIOREFINERY MARKET, BY TYPE, 2020–2027 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 134)
     10.1 OVERVIEW
               FIGURE 40 KEY DEVELOPMENTS IN BIOREFINERY MARKET, 2018–2022
     10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
               TABLE 65 BIOREFINERY 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: BIOREFINERY 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 BIOREFINERY 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 BIOREFINERY MARKET: SME COMPANY FOOTPRINT, BY TYPE
               TABLE 69 COMPANY FOOTPRINT: BY TYPE
     10.9 BIOREFINERY MARKET: SME COMPANY FOOTPRINT
               TABLE 70 COMPANY FOOTPRINT: BY REGION
     10.10 BIOREFINERY MARKET: SME COMPANY FOOTPRINT
               TABLE 71 OVERALL COMPANY FOOTPRINT
     10.11 BIOREFINERY MARKET: COMPANY FOOTPRINT, BY PRODUCT
                       TABLE 72 COMPANY FOOTPRINT: BY PRODUCT
     10.12 BIOREFINERY MARKET: COMPANY FOOTPRINT, BY TYPE
                       TABLE 73 COMPANY FOOTPRINT: BY TYPE
     10.13 BIOREFINERY MARKET: COMPANY FOOTPRINT, BY REGION
                       TABLE 74 COMPANY FOOTPRINT: BY REGION
     10.14 BIOREFINERY MARKET: COMPANY FOOTPRINT
                       TABLE 75 OVERALL: COMPANY FOOTPRINT
     10.15 COMPETITIVE SCENARIO
                       TABLE 76 BIOREFINERY MARKET: PRODUCT LAUNCHES, MARCH 2022
                       TABLE 77 BIOREFINERY MARKET: DEALS, MARCH 2021–OCTOBER 2022
                       TABLE 78 BIOREFINERY 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:

Biorefinery Market Size, and Share

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

Biorefinery Market Size, and Share

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 biorefinery 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)
Report Code
EP 8513
Published ON
Dec, 2022
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