Biorefinery Market Size, Share, Growth, Analysis

Report Code EP 8513
Published in Feb, 2025, By MarketsandMarkets™
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Biorefinery Market by Technology (Industrial Biotechnology, Physico-Chemical, Thermochemical), Product (Energy, Material), Type (First Generation (Corn, Vegetable Oils, Sugarcane), Second Generation, Third Generation) and Region - Global Forecast to 2029

Overview

The biorefinery market is expected to grow from an estimated USD 212.05 billion in 2024 to USD 314.62 billion by 2029, at a CAGR of 8.2% during the forecast period. Increased government regulations, incentives, and sustainable practices globally are creating opportunities for biorefinery products. Globally, more companies are taking on the principles of circular economy by targeting waste reduction and waste reuse. Biorefineries can help in this area by converting organic waste into high-value products. Biorefineries offer a method to transform organic (biowaste) streams, such as agricultural and industrial residues, into high-value products, such as biofuels, biochemicals, and bio-based materials. They can contribute to circular economy goals as they minimize waste and maximize resource use.

Attractive Opportunities in the Biorefinery Market

North America

The rising demand for cleaner energy and environmentally friendly materials has led to increased interest in biofuels and bio-based polymers. In North America, markets are expanding to allow for the partial integration of bio-based alternatives.

The biorefinery market is projected to witness a healthy growth during the forecast period owing to stringent government regulations for carbon emissions and increased demand for biofuels across major countries.

Europe is estimated to be the second-largest market for biorefinery in 2024. The growth is majorly attributed due to the growing demand for biofuels and biobased products primarily from Germany and France.

Expansions and acquisitions expected to provide lucrative opportunities for market players.

Technological advancements and government policies are expected to offer lucrative opportunities for market players in the next five years

Global Biorefinery Market Dynamics

Driver: Increasing demand for bio-based products and biofuels

Bio-based products refer to materials, chemicals, and energy sources that are obtained from renewable biological resources, such as plants, animals, and microorganisms, and not from fossil fuels. These are eco-friendly products that are sustainable and reduce carbon emissions. Biorefineries are important in the production of bio-based products. They use only renewable biological resources to create various chemicals, fuels, and materials. They change biomass, such as agricultural residues, forestry waste, and special-purpose energy crops, into various bio-based products. The majority of these processes break down complex organic substances into simpler molecules, which can then be transformed into useful products. The primary purpose of biorefineries is to produce several products from a single raw material, thereby reducing the use of resources. For instance, a biorefinery could create biofuels like ethanol and biodiesel, biochemicals like lactic acid, or bioplastics from a batch of biomass. Hence, both higher economic profitability and environmental objectives are achieved. The demand for bio-based products is likely to rise in the coming years as consumers and businesses become more aware of the advantages of these environmentally friendly alternatives.

Restraints: Lack of process efficiency and product consistency

One of the factors restraining the growth of the biorefinery market is the undeveloped conversion processes in the biorefinery sector. The major processes adopted in biorefineries include pretreatment, primary refining, secondary refining, purification, product conditioning, and the recovery and reuse of by-product streams. These processes are essential functions to efficiently convert biomass into a marketable product, such as biofuels, biochemicals, and biomaterials. However, many of the processes are still in the development stage and have not yet reached the level of being fully optimized. Hence, most of the currently available processes are inefficient and costly. For instance, reactive catalysts for thermal process, which is the basis for biomass upgradation, are still in the early stages of development and implementation. Biochemical processes also face significant challenges, such as low product concentration and the production of multiple side products, which result in energy-intensive and expensive downstream processes for recovery and purification. This is a major restraint to the growth of the market.

 

Opportunities: Development of advanced biofuels

The development of advanced biofuels is a major opportunity in the biorefinery market. Advanced biofuels are derived from non-food biomass, providing an innovative means of attaining a sustainable energy solution. Unlike traditional biofuels that come commonly from food crops, advanced biofuels are based on the use of a wide range of organic materials, such as agricultural residues, non-food crops, algae, and waste biomass. These advanced biofuels are an economically feasible and environment-friendly alternative source of energy to traditional fossil fuels. They enable reduced greenhouse gas emissions and reliance on petroleum-based fuel. The primary forms of advanced biofuels are cellulosic ethanol, biomethanol, and fischer-tropsch diesel, among others, each offering unique advantages and possibilities for the biorefinery market. Biorefining plays a crucial role in advancing the principles of the circular economy by efficiently utilizing raw biomass materials and closing the loops of essential resources such as minerals, water, and carbon. This approach transforms waste and residues into valuable products, contributing to sustainability, reducing environmental impact, and promoting resource efficiency. By maximizing resource utilization, biorefineries extract the maximum value from a diverse range of biomass, including forestry residues, agricultural waste, industrial by-products, and post-consumer materials.

Challenges: Variable and high cost of feedstock

A majority of the cost factors in the production of biofuels and chemicals come from feedstock. Since ethanol is being produced to some standard, biomass quality must be certain as well. However, as there is no consistent collection process, there is often variability in biomass when it is supplied to refineries, particularly with regard to moisture content, inert matter, and size. Such variability results in delays in the production of biofuels as well as pushed up production costs. The major problems arise from a lack of standardized collection machinery and a lack of awareness among the farming fraternity about proper ways to collect biomass. Moreover, the short window during which biomass must be collected puts pressure on farmers to clear their lands. Many times, farmers have to rely on unorganized aggregators who do not use standardized processes for collecting biomass as they are unable to purchase the required collection machinery.Storage is among the prime infrastructural challenges in the collection supply chain for second-generation (2G) biofuels. In this case, where decentralized storage or sorting facilities are not available, biomass is collected and directly taken to refineries in a supply chain, which increases the costs as well as collection time.

Global Biorefinery Market Ecosystem Analysis

Key players in this industry include Chevron (US), ADM (US), Valero (US), Neste (Finland), and TotalEnergies (France). These prominent biorefinery companies in this sector are renowned for their reliability and financial stability as providers of biorefinery systems. They offer a diverse range of products, cutting-edge technology, extensive experience, and robust global sales and marketing networks. Their proven track record in the industry makes them trusted and knowledgeable partners for clients seeking biorefinery products. These are the companies that have proved that they can still deliver good products and services under the changing market dynamics.

 

First generation segment expected to be largest market during forecast period

First-generation biorefineries use already existing technology for most of the widely available feedstocks, such as sugarcane, corn, and vegetable oils. This type of refinery is common and efficient, as well as less expensive to operate. First-generation biorefineries are currently producing biofuels such as ethanol and biodiesel, which are used for blending with fossil fuels to meet renewable transportation energy targets. For example, ethanol is largely made into a gasoline blend. In the past, many governments have offered subsidies, mandates, or other incentives for first-generation biofuels coming from biorefineries producing ethanol and biodiesel. The technology for first-generation biorefinery is considered well-evolved and dominates the existing biofuel market due to the maturity of the technology and its cost-effectiveness. First-generation biorefineries continue to be the most widely used source of biofuels in the US and Brazil, as well as globally. They are a focal point of state policies and incentives, thereby accounting for a significant net contribution to the share of renewables. However, second and third-generation raw materials are expected to be increasingly used for biofuel production in the coming years.

Energy driven segment expected to be account for largest market share during forecast period

Energy-driven biofuel is a fuel made from biomass, such as forestry biomass, agricultural biomass, algae material, or animal waste, and used as renewable energy. It has the potential to reduce some undesirable aspects of fossil fuel production and use, such as conventional and greenhouse gas (GHG) pollutant emissions, exhaustible resource depletion, and dependence on unreliable foreign suppliers. Biofuels come in numerous forms: biodiesel, bioethanol, renewable diesel, and sustainable aviation fuel (SAFs). Renewable organic material is processed through fermentation to produce biofuels, which are increasingly replacing fossil fuels. One of the main drivers for this segment is the adoption of renewable energy by various industries due to stringent government policies. Moreover, the increased cost of fossil fuel, the rise in demand for fuel for automobiles, and specialized policies designed to encourage the use of biofuel boost the use of biofuel globally. Furthermore, policies in the US and Europe have contributed to a significant increase in demand for renewable diesel, also known as hydrogenated vegetable oil (HVO). These factors contribute to the growth of the energy driven segment in the biorefinery market.

North America region holds the largest share of the Biorefinery Market.

The US and Canada are the major biorefinery market in the North American region. The market in the region has been experiencing considerable development because of the increasing demand for biofuels, government regulations promoting renewable energies, and the general shift to the use of more sustainable energy solutions. The US is the world's largest producer and consumer of biofuels. North America's biofuel market is characterized by the existence of three types of bio-products, namely ethanol, biodiesel, and renewable diesel. Ethanol and biodiesel can be mixed with gasoline and diesel fuel, while renewable diesel can be used on its own to reduce greenhouse gas emissions and improve air quality. The main factors that drive biofuels in Northern America are the increased governmental financial assistance in the form of tax breaks and subsidies and blending requirements. A few big-scale biorefineries are either in the process of being set up or are being expanded with a focus on providing bio-based fuels and chemicals. Large-scale biorefineries are increasingly investing in converting agricultural waste, forest residues, and other biomass into bio-based fuels and chemicals.

HIGHEST CAGR MARKET IN 2024-2029
CANADA TO BE FASTEST-GROWING MARKET IN REGION

Recent Developments of Biorefinery Market industry

  • In October 2024, Honeywell and SGP BioEnergy announced that they are collaborating to create new, scalable technology that will transform industrial hemp and other plant-based materials into biochemicals that can be used to make plastics and other commonplace products, providing a substitute for chemicals made from fossil fuels.
  • In August 2024, Brazil's Raizen, the biggest sugarcane processor in the world, has partnered with the Dutch biorefinery Vertoro to explore novel applications for lignin, a byproduct of the manufacturing of second-generation ethanol (E2G), such as turning it into advanced biofuels, chemicals, and materials. The collaboration intends to negotiate lignin purchase contracts with the goal of integrating a commercial-scale production unit into Raizen's E2G plants and increasing the added value of waste at Vertoro's factory in the Netherlands.
  • In July 2024, Green Plains and Tharaldson Ethanol announced the successful start-up of their MSC (Mechanical Separation Cell) system at the Tharaldson Ethanol plant. This system enhances the plant's efficiency by separating protein and other valuable components from the corn used in ethanol production. The MSC technology not only boosts the production of high-protein feed products but also improves the overall profitability and sustainability of the ethanol production process. This marks a significant milestone in advancing ethanol production technology.

Key Market Players

KEY PLAYERS IN THE Biorefinery Market INCLUDE

Key Questions Addressed by the Report

What is the current size of the biorefinery market?
The biorefinery market size is USD 197.50 billion in 2023.
What are the major drivers for the biorefinery market?
The major driver is the increasing demand for biofuels and bio-based products.
Which is the largest market for biorefinery during the forecasted period?
North America is expected to dominate the biorefinery market between 2024 and 2029, followed by Europe.
Which segment is expected to be the largest type in the biorefinery market?
The first-generation segment is expected to be the largest type, producing biofuels like ethanol and biodiesel.
Which is expected to be the largest product of the biorefinery market?
Energy-driven biofuel is expected to be the largest product, made from biomass and used as renewable energy.

 

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Table Of Contents

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TITLE
PAGE NO
INTRODUCTION
22
RESEARCH METHODOLOGY
28
EXECUTIVE SUMMARY
39
PREMIUM INSIGHTS
43
MARKET OVERVIEW
47
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Increasing demand for bio-based products
    - Technological advancements
    - Government initiatives and increasing need for environmental sustainability
    RESTRAINTS
    - Requirement of high initial capital investments
    - Lack of process efficiency and product consistency
    OPPORTUNITIES
    - Development of advanced biofuels
    - Circular economy initiatives
    CHALLENGES
    - Variable and high cost of feedstock
    - Competition from traditional fossil fuels
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN BIOREFINERY MARKET
  • 5.4 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND, BY REGION (USD/LITER)
    INDICATIVE PRICING ANALYSIS, BY PRODUCT, 2020−2023
  • 5.5 VALUE CHAIN ANALYSIS
    FEEDSTOCK SUPPLIERS
    TECHNOLOGY PROVIDERS
    BIOREFINERY OWNERS/OPERATORS
    DISTRIBUTORS
    END USERS
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 INVESTMENT AND FUNDING SCENARIO
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Hybrid biorefineries technology
    - Supercritical water gasification
    COMPLEMENTARY TECHNOLOGIES
    - Advanced catalysts technology
    - Modular biorefineries technology
    ADJACENT TECHNOLOGIES
    - Modular bioprocess intensification technology
    - Modular electro-fermentation technology
  • 5.9 PATENT ANALYSIS
  • 5.10 TRADE ANALYSIS
    IMPORT SCENARIO (HS CODE 3826)
    EXPORT SCENARIO (HS CODE 3826)
  • 5.11 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.12 CASE STUDY ANALYSIS
    BIOENERGY PRODUCTION USING WASTE FROM INDUSTRIAL PROCESSING OF ORANGES
    - Problem statement
    - Solution
    SUSTAINABILITY ASSESSMENT OF GREEN BIOREFINERIES IN DANISH AGRICULTURE
    - Problem Statement
    - Solution
    FOOD WASTE (FW) MANAGEMENT ENHANCING EMERGING BIOECONOMY IN CHINA
    - Problem statement
    - Solution
  • 5.13 GLOBAL MACROECONOMIC OUTLOOK
    GDP
    RESEARCH AND DEVELOPMENT EXPENDITURE
    INVESTMENTS IN BIOREFINING TECHNOLOGY
  • 5.14 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    BIOREFINERY MARKET: REGULATORY FRAMEWORK
  • 5.15 PORTER'S FIVE FORCES ANALYSIS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF NEW ENTRANTS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.16 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.17 IMPACT OF GENERATIVE AI/AI IN BIOREFINERY MARKET
    INTRODUCTION
    ADOPTION OF GENERATIVE AI/AI APPLICATIONS IN BIOREFINERY MARKET
    IMPACT OF GENERATIVE AI/AI, BY PRODUCT/REGION
    IMPACT OF AI IN BIOREFINERY MARKET, BY REGION
BIOREFINERY MARKET, BY TECHNOLOGY
84
  • 6.1 INTRODUCTION
  • 6.2 INDUSTRIAL BIOTECHNOLOGY
    OFFERS BETTER ECONOMIC VIABILITY AND WASTE MANAGEMENT PRACTICE
  • 6.3 THERMOCHEMICAL
    EUROPE TO BE FASTEST-GROWING MARKET FOR THERMOCHEMICAL TECHNOLOGY
  • 6.4 PHYSICO-CHEMICAL
    TECHNOLOGICAL MATURITY OF PHYSICO-CHEMICAL SEGMENT TO DRIVE MARKET
BIOREFINERY MARKET, BY PRODUCT
90
  • 7.1 INTRODUCTION
  • 7.2 ENERGY DRIVEN
    CHANGES IN GOVERNMENT POLICIES LEADING TO INCREASED INVESTMENTS IN BIOREFINERY TO DRIVE DEMAND
    - Bioethanol
    - Biodiesel
    - Renewable diesel
    - Sustainable aviation fuel
    - Biomethane
    - Others
  • 7.3 MATERIAL DRIVEN
    RISING DEMAND FOR ANIMAL FEED AND INCREASING BIOBASED PRODUCT USAGE IN INDUSTRIAL AND COMMERCIAL SECTORS TO DRIVE MARKET
    - Chemicals
    - Bio-naphtha
    - Animal feed
    - Others
BIOREFINERY MARKET, BY TYPE
104
  • 8.1 INTRODUCTION
  • 8.2 FIRST GENERATION
    EASY AVAILABILITY OF RAW MATERIALS TO DRIVE DEMAND
    - Corn
    - Vegetable oils
    - Sugarcane
    - Others
  • 8.3 SECOND GENERATION
    LOW PRODUCTION COST TO DRIVE DEMAND FOR SECOND-GENERATION BIOFUELS
    - Used cooking oil
    - Residues
    - Others
  • 8.4 THIRD GENERATION
    RISE IN DEMAND FOR ALGAE-BASED BIOFUEL TO DRIVE MARKET
    - Algae
    - Others
BIOREFINERY MARKET, BY REGION
116
  • 9.1 INTRODUCTION
  • 9.2 NORTH AMERICA
    US
    - Dominant market for biorefinery in North America
    CANADA
    - Investments in biofuel and goals for reducing emissions to drive market
  • 9.3 EUROPE
    GERMANY
    - Germany to leads European biorefinery during forecast period
    FRANCE
    - Government policies and availability of biomass to drive market
    ITALY
    - Abundant availability of agricultural wastes to support market growth
    NETHERLANDS
    - Government policies on development of biofuels sector to drive market growth
    SPAIN
    - Spain witnessing increasing number of biorefinery projects
    UK
    - Increasing focus on circular economy to boost market growth
    POLAND
    - Increasing demand for biofuel and implementation of renewable energy policies to drive market
    REST OF EUROPE
  • 9.4 ASIA PACIFIC
    CHINA
    - Increasing biofuels and SAF production to drive market
    INDONESIA
    - Availability of biomass resources and government incentives to drive market
    THAILAND
    - Physico-chemical technology to be fastest-growing segment during forecast period
    INDIA
    - Government initiatives and partnerships between key players to propel demand
    REST OF ASIA PACIFIC
  • 9.5 ROW
    BRAZIL
    - Implementation of new biorefinery projects to fuel demand
    OTHER COUNTRIES
COMPETITIVE LANDSCAPE
147
  • 10.1 INTRODUCTION
  • 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, JANUARY 2020–2025
  • 10.3 REVENUE ANALYSIS, 2019–2023
  • 10.4 MARKET SHARE ANALYSIS, 2023
  • 10.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 10.6 BRAND/PRODUCT COMPARISON
  • 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT, KEY PLAYERS, 2023
    - Company product footprint
    - Region footprint
    - Product footprint
    - Type footprint
    - Technology footprint
  • 10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 10.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
    OTHER DEVELOPMENTS
COMPANY PROFILES
171
  • 11.1 KEY PLAYERS
    CHEVRON
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    ADM
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    VALERO
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    NESTE
    - Business overview
    - Products/ Services/Solutions offered
    - Recent developments
    - MnM view
    TOTALENERGIES
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    BP P.L.C.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    HONEYWELL INTERNATIONAL INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    WILMAR INTERNATIONAL LTD.
    - Business overview
    - Products/Services/Solutions offered
    CLARIANT
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    GREEN PLAINS INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    RAÍZEN
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    BORREGAARD AS
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    VERSALIS S.P.A.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    GODAVARI BIOREFINERIES LTD.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    SEKAB
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    CARGILL, INCORPORATED
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
  • 11.2 OTHER PLAYERS
    COSUN
    NOVOZYMES A/S
    CHINA PETROCHEMICAL CORPORATION
    SGP BIOENERGY HOLDINGS, LLC
    AFYREN
    UPM
    VIVERGO FUELS
    CHEMPOLIS
    BTS BIOGAS SRL/GMBH
APPENDIX
245
  • 12.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 12.2 DISCUSSION GUIDE
  • 12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 12.4 CUSTOMIZATION OPTIONS
  • 12.5 RELATED REPORTS
  • 12.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 BIOREFINERY MARKET SNAPSHOT
  • TABLE 2 AVERAGE SELLING PRICE OF BIOFUELS, BY REGION (USD/LITER)
  • TABLE 3 INDICATIVE PRICING ANALYSIS, BY PRODUCT, 2020–2023 (USD/LITER)
  • TABLE 4 AVERAGE SELLING PRICE TREND OF BIOMETHANE, BY REGION, 2020–2023 (USD/CUBIC METER)
  • TABLE 5 BIOREFINERY MARKET: ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 6 LIST OF PATENTS, 2020−2024
  • TABLE 7 IMPORT SCENARIO FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD)
  • TABLE 8 EXPORT SCENARIO FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD)
  • TABLE 9 BIOREFINERY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
  • TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 BIOREFINERY MARKET: REGULATIONS
  • TABLE 16 BIOREFINERY MARKET: PORTER'S FIVE FORCES ANALYSIS
  • TABLE 17 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP TWO PRODUCTS
  • TABLE 18 KEY BUYING CRITERIA FOR TOP TWO PRODUCTS
  • TABLE 19 BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 20 BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 21 INDUSTRIAL BIOTECHNOLOGY: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 22 INDUSTRIAL BIOTECHNOLOGY: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 23 THERMOCHEMICAL TECHNOLOGY: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 24 THERMOCHEMICAL TECHNOLOGY: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 25 PHYSICO-CHEMICAL TECHNOLOGY: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 26 PHYSICO-CHEMICAL TECHNOLOGY: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 27 BIOREFINERY MARKET, BY PRODUCT, 2020–2023 (USD MILLION)
  • TABLE 28 BIOREFINERY MARKET, BY PRODUCT, 2024–2029 (USD MILLION)
  • TABLE 29 ENERGY DRIVEN: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 30 ENERGY DRIVEN: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 31 ENERGY DRIVEN: BIOREFINERY MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 32 ENERGY DRIVEN: BIOREFINERY MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 33 ENERGY DRIVEN: BIOREFINERY MARKET, BY PRODUCT TYPE, 2020–2023 (MILLION LITERS)
  • TABLE 34 ENERGY DRIVEN: BIOREFINERY MARKET, BY PRODUCT TYPE, 2024–2029 (MILLION LITERS)
  • TABLE 35 BIOMETHANE: BIOREFINERY MARKET, BY REGION, 2020–2023 (BILLION CUBIC METER)
  • TABLE 36 BIOMETHANE: BIOREFINERY MARKET, BY REGION, 2024–2029 (BILLION CUBIC METER)
  • TABLE 37 BIOETHANOL: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 38 BIOETHANOL: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 39 BIODIESEL: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 40 BIODIESEL: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 41 RENEWABLE DIESEL: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 42 RENEWABLE DIESEL: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 43 SUSTAINABLE AVIATION FUEL: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 44 SUSTAINABLE AVIATION FUEL: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 45 BIOMETHANE: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 46 BIOMETHANE: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 47 OTHERS: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 48 OTHERS: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 49 MATERIAL DRIVEN: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 50 MATERIAL DRIVEN: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 51 BIOREFINERY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 52 BIOREFINERY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 53 FIRST GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK, 2020–2023 (USD MILLION)
  • TABLE 54 FIRST GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK, 2024–2029 (USD MILLION)
  • TABLE 55 FIRST GENERATION: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 56 FIRST GENERATION: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 57 SECOND GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK, 2020–2023 (USD MILLION)
  • TABLE 58 SECOND GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK, 2024–2029 (USD MILLION)
  • TABLE 59 SECOND GENERATION: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 60 SECOND GENERATION: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 61 THIRD GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK, 2020–2023 (USD MILLION)
  • TABLE 62 THIRD GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK, 2024–2029 (USD MILLION)
  • TABLE 63 THIRD GENERATION: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 64 THIRD GENERATION: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 65 BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 66 BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 67 NORTH AMERICA: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 68 NORTH AMERICA: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 69 NORTH AMERICA: BIOREFINERY MARKET, BY PRODUCT, 2020–2023 (USD MILLION)
  • TABLE 70 NORTH AMERICA: BIOREFINERY MARKET, BY PRODUCT, 2024–2029 (USD MILLION)
  • TABLE 71 NORTH AMERICA: BIOREFINERY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 72 NORTH AMERICA: BIOREFINERY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 73 NORTH AMERICA: BIOREFINERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 74 NORTH AMERICA: BIOREFINERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 75 US: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 76 US: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 77 CANADA: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 78 CANADA: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 79 EUROPE: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 80 EUROPE: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 81 EUROPE: BIOREFINERY MARKET, BY PRODUCT, 2020–2023 (USD MILLION)
  • TABLE 82 EUROPE: BIOREFINERY MARKET, BY PRODUCT, 2024–2029 (USD MILLION)
  • TABLE 83 EUROPE: BIOREFINERY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 84 EUROPE: BIOREFINERY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 85 EUROPE: BIOREFINERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 86 EUROPE: BIOREFINERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 87 GERMANY: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 88 GERMANY: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 89 FRANCE: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 90 FRANCE: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 91 ITALY: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 92 ITALY: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 93 NETHERLANDS: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 94 NETHERLANDS: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 95 SPAIN: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 96 SPAIN: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 97 UK: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 98 UK: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 99 POLAND: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 100 POLAND: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 101 REST OF EUROPE: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 102 REST OF EUROPE: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 103 ASIA PACIFIC: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 104 ASIA PACIFIC: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 105 ASIA PACIFIC: BIOREFINERY MARKET, BY PRODUCT, 2020–2023 (USD MILLION)
  • TABLE 106 ASIA PACIFIC: BIOREFINERY MARKET, BY PRODUCT, 2024–2029 (USD MILLION)
  • TABLE 107 ASIA PACIFIC: BIOREFINERY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 108 ASIA PACIFIC: BIOREFINERY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 109 ASIA PACIFIC: BIOREFINERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 110 ASIA PACIFIC: BIOREFINERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 111 CHINA: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 112 CHINA: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 113 INDONESIA: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 114 INDONESIA: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 115 THAILAND: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 116 THAILAND: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 117 INDIA: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 118 INDIA: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 119 REST OF ASIA PACIFIC: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 120 REST OF ASIA PACIFIC: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 121 ROW: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 122 ROW: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 123 ROW: BIOREFINERY MARKET, BY PRODUCT, 2020–2023 (USD MILLION)
  • TABLE 124 ROW: BIOREFINERY MARKET, BY PRODUCT, 2024–2029 (USD MILLION)
  • TABLE 125 ROW: BIOREFINERY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 126 ROW: BIOREFINERY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 127 ROW: BIOREFINERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 128 ROW: BIOREFINERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 129 BRAZIL: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 130 BRAZIL: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 131 OTHER COUNTRIES: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 132 OTHER COUNTRIES: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 133 BIOREFINERY MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024
  • TABLE 134 BIOREFINERY MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 135 BIOREFINERY MARKET: REGION FOOTPRINT
  • TABLE 136 BIOREFINERY MARKET: PRODUCT FOOTPRINT
  • TABLE 137 BIOREFINERY MARKET: TYPE FOOTPRINT
  • TABLE 138 BIOREFINERY MARKET: TECHNOLOGY FOOTPRINT
  • TABLE 139 BIOREFINERY MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 140 BIOREFINERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 141 BIOREFINERY MARKET: PRODUCT LAUNCHES, JANUARY 2020–FEBRUARY 2025
  • TABLE 142 BIOREFINERY MARKET: DEALS, JANUARY 2020–FEBRUARY 2025
  • TABLE 143 BIOREFINERY MARKET: EXPANSIONS, JANUARY 2020–FEBRUARY 2025
  • TABLE 144 BIOREFINERY MARKET: OTHER DEVELOPMENTS, JANUARY 2020–FEBRUARY 2025
  • TABLE 145 CHEVRON: COMPANY OVERVIEW
  • TABLE 146 CHEVRON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 147 CHEVRON: PRODUCT LAUNCHES
  • TABLE 148 CHEVRON: DEALS
  • TABLE 149 CHEVRON: EXPANSIONS
  • TABLE 150 ADM: COMPANY OVERVIEW
  • TABLE 151 ADM: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 152 ADM: DEALS
  • TABLE 153 VALERO: COMPANY OVERVIEW
  • TABLE 154 VALERO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 155 VALERO: DEALS
  • TABLE 156 NESTE: COMPANY OVERVIEW
  • TABLE 157 NESTE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 158 NESTE: DEALS
  • TABLE 159 TOTALENERGIES: COMPANY OVERVIEW
  • TABLE 160 TOTALENERGIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 161 TOTALENERGIES: DEALS
  • TABLE 162 TOTALENERGIES: EXPANSIONS
  • TABLE 163 TOTALENERGIES: OTHER DEVELOPMENTS
  • TABLE 164 BP P.L.C.: COMPANY OVERVIEW
  • TABLE 165 BP P.L.C.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 166 BP P.L.C.: DEALS
  • TABLE 167 BP P.L.C.: OTHER DEVELOPMENTS
  • TABLE 168 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
  • TABLE 169 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 170 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
  • TABLE 171 HONEYWELL INTERNATIONAL INC.: DEALS
  • TABLE 172 WILMAR INTERNATIONAL LTD.: COMPANY OVERVIEW
  • TABLE 173 WILMAR INTERNATIONAL LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 174 CLARIANT: COMPANY OVERVIEW
  • TABLE 175 CLARIANT: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 176 CLARIANT: DEALS
  • TABLE 177 CLARIANT: EXPANSIONS
  • TABLE 178 CLARIANT: OTHER DEVELOPMENTS
  • TABLE 179 GREEN PLAINS INC.: COMPANY OVERVIEW
  • TABLE 180 GREEN PLAINS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 181 GREEN PLAINS INC.: PRODUCT LAUNCHES
  • TABLE 182 GREEN PLAINS INC.: DEALS
  • TABLE 183 GREEN PLAINS INC.: EXPANSIONS
  • TABLE 184 GREEN PLAINS INC.: OTHER DEVELOPMENTS
  • TABLE 185 RAÍZEN: COMPANY OVERVIEW
  • TABLE 186 RAÍZEN: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 187 RAÍZEN: DEALS
  • TABLE 188 RAÍZEN: EXPANSIONS
  • TABLE 189 BORREGAARD AS: COMPANY OVERVIEW
  • TABLE 190 BORREGAARD AS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 191 BORREGAARD AS: DEVELOPMENTS
  • TABLE 192 VERSALIS S.P.A.: COMPANY OVERVIEW
  • TABLE 193 VERSALIS S.P.A.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 194 VERSALIS S.P.A.: PRODUCT LAUNCHES
  • TABLE 195 VERSALIS S.P.A.: DEALS
  • TABLE 196 VERSALIS S.P.A.: EXPANSIONS
  • TABLE 197 GODAVARI BIOREFINERIES LTD.: COMPANY OVERVIEW
  • TABLE 198 GODAVARI BIOREFINERIES LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 199 GODAVARI BIOREFINERIES LTD.: DEALS
  • TABLE 200 GODAVARI BIOREFINERIES LTD.: EXPANSIONS
  • TABLE 201 SEKAB: COMPANY OVERVIEW
  • TABLE 202 SEKAB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 203 SEKAB: DEALS
  • TABLE 204 SEKAB: OTHER DEVELOPMENTS
  • TABLE 205 CARGILL, INCORPORATED: COMPANY OVERVIEW
  • TABLE 206 CARGILL, INCORPORATED: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 207 CARGILL, INCORPORATED: DEALS
  • TABLE 208 CARGILL, INCORPORATED: EXPANSIONS
  • TABLE 209 COSUN: BUSINESS OVERVIEW
  • TABLE 210 NOVOZYMES A/S: BUSINESS OVERVIEW
  • TABLE 211 CHINA PETROCHEMICAL CORPORATION: BUSINESS OVERVIEW
  • TABLE 212 SGP BIOENERGY HOLDINGS, LLC: BUSINESS OVERVIEW
  • TABLE 213 AFYREN: BUSINESS OVERVIEW
  • TABLE 214 UPM: BUSINESS OVERVIEW
  • TABLE 215 VIVERGO FUELS: BUSINESS OVERVIEW
  • TABLE 216 CHEMPOLIS: BUSINESS OVERVIEW
  • TABLE 217 BTS BIOGAS SRL/GMBH: BUSINESS OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 BIOREFINERY MARKET SEGMENTATION AND REGIONAL SCOPE
  • FIGURE 2 BIOREFINERY MARKET: RESEARCH DESIGN
  • FIGURE 3 BREAKDOWN OF PRIMARIES, BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 4 BIOREFINERY MARKET: DATA TRIANGULATION
  • FIGURE 5 BIOREFINERY MARKET: BOTTOM-UP APPROACH
  • FIGURE 6 BIOREFINERY MARKET: TOP-DOWN APPROACH
  • FIGURE 7 METRICS CONSIDERED TO ASSESS DEMAND FOR BIOREFINERY
  • FIGURE 8 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF BIOREFINERY
  • FIGURE 9 BIOREFINERY MARKET: MARKET SHARE ANALYSIS
  • FIGURE 10 BIOREFINERY MARKET: SUPPLY SIDE ANALYSIS
  • FIGURE 11 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF BIOREFINERY MARKET
  • FIGURE 12 INDUSTRIAL BIOTECHNOLOGY TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 13 ENERGY DRIVEN SEGMENT TO DOMINATE BIOREFINERY MARKET DURING FORECAST PERIOD
  • FIGURE 14 FIRST GENERATION SEGMENT TO LEAD BIOREFINERY MARKET DURING FORECAST PERIOD
  • FIGURE 15 GOVERNMENT POLICIES TO DRIVE BIOREFINERY MARKET DURING FORECAST PERIOD
  • FIGURE 16 EUROPE TO WITNESS FASTEST-GROWTH IN BIOREFINERY MARKET DURING FORECAST PERIOD
  • FIGURE 17 INDUSTRIAL BIOTECHNOLOGY TO DOMINATE BIOREFINERY MARKET IN 2029
  • FIGURE 18 ENERGY DRIVEN SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2029
  • FIGURE 19 FIRST GENERATION SEGMENT TO ACCOUNT FOR DOMINANT SHARE OF BIOREFINERY MARKET
  • FIGURE 20 US TO DOMINATE BIOREFINERY MARKET IN NORTH AMERICA
  • FIGURE 21 BIOREFINERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 22 ANNUAL FINANCIAL COMMITMENTS IN BIOFUELS & BIOMASS
  • FIGURE 23 BIOFUELS AND RENEWABLE ELECTRICITY AVOIDED OIL DEMAND IN TRANSPORT, MAIN CASE, 2022−2028
  • FIGURE 24 OPERATING AND PLANNED PRODUCTION CAPACITY FOR RENEWABLE BIODIESEL AND BIOJET FUELS, BY COMPANY TYPE, 2022−2030
  • FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 26 AVERAGE SELLING PRICE OF BIOFUELS, BY REGION (USD/LITER)
  • FIGURE 27 BIOREFINERY MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 28 BIOREFINERY MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 29 INVESTMENT AND FUNDING SCENARIO
  • FIGURE 30 PATENT APPLIED AND GRANTED, 2015–2024
  • FIGURE 31 IMPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2021−2023
  • FIGURE 32 EXPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2021–2023
  • FIGURE 33 PORTER'S FIVE FORCES ANALYSIS FOR BIOREFINERY MARKET
  • FIGURE 34 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP TWO PRODUCTS
  • FIGURE 35 KEY BUYING CRITERIA FOR TOP TWO PRODUCTS
  • FIGURE 36 IMPACT OF GENERATIVE AI/AI IN BIOREFINERY PRODUCTS, BY REGION
  • FIGURE 37 BIOREFINERY MARKET, BY TECHNOLOGY, 2023
  • FIGURE 38 BIOREFINERY MARKET, BY PRODUCT, 2023
  • FIGURE 39 BIOREFINERY MARKET, BY TYPE, 2023
  • FIGURE 40 EUROPE TO BE FASTEST-GROWING BIOREFINERY MARKET DURING FORECAST PERIOD
  • FIGURE 41 NORTH AMERICA: BIOREFINERY MARKET SNAPSHOT
  • FIGURE 42 EUROPE: BIOREFINERY MARKET SNAPSHOT
  • FIGURE 43 BIOREFINERY MARKET: REVENUE ANALYSIS, 2019–2023
  • FIGURE 44 BIOREFINERY MARKET SHARE ANALYSIS, 2023
  • FIGURE 45 COMPANY VALUATION, 2024
  • FIGURE 46 FINANCIAL METRICS, 2024
  • FIGURE 47 BRAND/PRODUCT COMPARISON
  • FIGURE 48 BIOREFINERY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 49 BIOREFINERY MARKET: COMPANY PRODUCT FOOTPRINT
  • FIGURE 50 BIOREFINERY MARKET: MARKET FOOTPRINT
  • FIGURE 51 BIOREFINERY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 52 CHEVRON: COMPANY SNAPSHOT
  • FIGURE 53 ADM: COMPANY SNAPSHOT
  • FIGURE 54 VALERO: COMPANY SNAPSHOT
  • FIGURE 55 NESTE: COMPANY SNAPSHOT
  • FIGURE 56 TOTALENERGIES: COMPANY SNAPSHOT
  • FIGURE 57 BP P.L.C.: COMPANY SNAPSHOT
  • FIGURE 58 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
  • FIGURE 59 WILMAR INTERNATIONAL LTD.: COMPANY SNAPSHOT
  • FIGURE 60 CLARIANT: COMPANY SNAPSHOT
  • FIGURE 61 GREEN PLAINS INC.: COMPANY SNAPSHOT
  • FIGURE 62 BORREGAARD AS: COMPANY SNAPSHOT
  • FIGURE 63 VERSALIS S.P.A.: COMPANY SNAPSHOT
  • FIGURE 64 GODAVARI BIOREFINERIES LTD.: COMPANY SNAPSHOT
  • FIGURE 65 CARGILL, INCORPORATED: COMPANY SNAPSHOT

The study involved major activities in estimating the current size of the biorefinery market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles by recognized authors; and databases of various companies and associations. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both, market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, and related key executives from various companies and organizations operating in the biorefinerys market.

In the complete market engineering process, the top-down and bottom-up approaches, along with several data triangulation methods, were extensively used to perform the market size estimations and forecasts for all segments and subsegments listed in this report. Extensive qualitative and quantitative analyses were conducted to complete the market engineering process and list key information/insights throughout the report. Following is the breakdown of primary respondents:

Biorefinery Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the biorefinery market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

Biorefinery Market Top Down and Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. The market size was validated using the top-down and bottom-up approaches.

Market Definition

Biorefinery is a facility that converts biomass into bioenergy and bio-based products. Biorefineries can provide a variety of chemicals by fractionating an initial raw material (biomass) into numerous intermediates, such as carbohydrates, proteins, and triglycerides, that can then be further processed into value-added products. The use of biomass as feedstock leads to low emissions of pollutants or hazardous compounds, thus minimizing harmful effects on the environment.

The biorefinery market represents the annual capacity of major companies to produce bioenergy (especially biofuels) and bio-based products. The regions considered for the biorefinery market study include North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Research Objectives

  • To define, describe, segment, and forecast the biorefinery market by product, type, technology, and region, in terms of value
  • To forecast the biorefinery market by energy driven product, in terms of volume
  • To forecast the market size for four key regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their country-level market sizes, in terms of value
  • To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the market growth
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
  • To provide value chain analysis, ecosystem analysis, case study analysis, patent analysis, trade analysis, technology analysis, average selling price (ASP) analysis, Porter’s five forces analysis, and regulations pertaining to the biorefinery market
  • To analyze opportunities for stakeholders in the biorefinery market and draw a competitive landscape for market players
  • To strategically analyze the ecosystem, regulations, patents, and trading scenarios pertaining to the biorefinery market
  • To benchmark players within the market using the company evaluation matrix, which analyzes market players on various parameters within the broad categories of business and product strategies
  • To compare key market players with respect to their market share, product specifications, and applications
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies2
  • To analyze competitive developments, such as contracts & agreements, investments & expansions, mergers & acquisitions, partnerships, and collaborations, in the biorefinery market
  • To study the impact of AI/Gen AI on the market under study, along with the global macroeconomic outlook

Key Stakeholders

  • Biofuel vendors
  • Bioenergy association
  • Bio-based products and bioenergy dealers and suppliers
  • Consulting companies in the energy & power sector
  • Consulting companies related to the energy & power sector
  • Energy regulators
  • Government and research organizations
  • Power and energy associations
  • Repairs and maintenance service providers
  • State and national regulatory authorities
  • Research and consulting companies in the clean energy generation sector
  • Organizations, forums, alliances, and associations
  • Industrial authorities and associations
  • State and national regulatory authorities
  • Biorefinery operators
  • Universities and Research institutes

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. 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

Previous Versions of this Report

Biorefinery Market by Technology (Industrial Biotechnology, Physico-Chemical, Thermochemical), Product (Energy, Material), Type (First Generation (Corn, Vegetable Oils, Sugarcane), Second Generation, Third Generation) and Region - Global Forecast to 2029

Report Code EP 8513
Published in Dec, 2022, By MarketsandMarkets™

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