Biorefinery Market by Process, Generation, Product, Application

List of Tables

[183 Pages Report] The Biorefinery Market size was estimated at USD 8.34 billion in 2023 and expected to reach USD 9.02 billion in 2024, at a CAGR 8.40% to reach USD 14.67 billion by 2030.

Biorefinery primarily refers to processing facilities that convert biomass such as plant and animal waste, into valuable fuels, chemicals, materials, and power. Biorefineries exemplify the green economy's potential, promoting a shift to a bio-based fuel economy from a fossil fuel-based economy. The proliferating demand for renewable energy generation is generating growth potential for the biorefinery market. The rising consumer awareness of bio-based products and ongoing government initiatives to support the development of biorefineries are driving the market demand in recent years. However, the need for high capital investment in biorefinery may be a limiting factor for market growth. Operational challenges and limitations of biorefineries pose a challenge for the establishment of biorefineries. Moreover, technological advancements in biorefineries and significant investments to establish biorefineries are expected to generate significant growth potential in upcoming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 8.34 billion
Estimated Year [2024]	USD 9.02 billion
Forecast Year [2030]	USD 14.67 billion
CAGR (%)	8.40%

Process: Rising inclination towards biochemical process in Biorefinery

Biochemical processing in a biorefinery entails using enzymes, bacteria, yeast, or other living organisms to break down biomass into sugar molecules, enabling the refining of sugars to produce biofuels and valuable chemicals. The thermochemical process involves the application of heat under controlled conditions to facilitate the breakdown of biological waste into valuable products. Gasification and pyrolysis are two primary forms of thermochemical conversion technologies that are primarily used in biorefineries.

Generation: Ongoing advancements in third generation biorefineries

Phase I biorefineries focus on the conversion of one feedstock, using one process and targeting a single end-product. Biomass is generated using traditional farming techniques as an energy source in Phase I biorefinery. Phase II biorefineries differ from phase I biorefineries by the number of outputs they can produce. Phase II biorefineries utilize advanced technologies to produce energy and chemicals from biomass to generate more than one end-product. Phase III biorefineries allow for a wider range of technologies to be combined, such as supercritical CO2 extraction and biological transformation, compared to phase I and II biorefineries. Phase III biorefineries allow for a higher number of valorized outputs since several constituents of the feedstock used can be treated separately.

Product: Diverse scope of products obtained through biorefineries

Biorefinery is a comprehensive source of information on energy-based products, including pellets and steam. Pellets, derived from biomass materials, serve as renewable sources of energy. Steam is a vital form of thermal energy widely utilized in various industrial processes. A biorefinery is a facility that utilizes renewable biomass sources to produce a wide range of bio-based products, such as bio-ethanol, which is alcohol obtained through the fermentation of sugars derived from biomass sources. Y-valerolactone is an organic compound produced in biorefineries that serves as an intermediate in chemical syntheses and is found naturally in various species of lichens and fungi.

Application: Increasing applications of biorefineries for biomaterials & biofuels

Developments in biorefineries such as biochemical conversion, thermochemical processes, and microbial fermentation are contributing to efficient and cost-effective production of biofuels. Biorefineries, with their closed-loop ecologies, have substantial potential in producing biomaterials such as bioplastics, bio-glass, and bio ceramics that are highly sought after in numerous fields including healthcare, packaging and construction. Biorefineries also have a critical role in the production of a wide range of bulk chemicals such as bioethanol, succinic acid, and lactic acid, used in a broad span of industries, from pharmaceuticals to agriculture. Biorefineries are being explored for the extraction and purification of high-value compounds such as proteins, vitamins and antioxidants from various biomass sources. Biorefineries provide a sustainable method for the production and processing of food components, thus reducing waste and conserving resources. Biorefineries are transforming the traditional linear model in the pulp & paper industry by utilizing waste streams and by-products for energy and new materials.

Regional Insights

The American countries are at the forefront of the global biorefinery market share, predominantly due to the proactive involvement of the United States and Brazil in biofuel production. The Americas region leverages abundant agricultural residues and feedstock aided by favorable government initiatives promoting bioethanol and biodiesel utilization. Europe, led by Germany and France, represents a major segment of the global biorefinery market with the presence of key technology providers. Strong government support for renewable energy projects, and stern environmental regulations contribute to the market growth in the EMEA region. Asia-Pacific region, backed by China and India, is expected to experience a robust growth rate in the biorefinery market owing to the surging demand for energy, growing awareness about environmental conservation, and significant investments in bioenergy projects. Availability of diverse biomass resources, coupled with government initiatives promoting bio-industries, contribute to the market growth in the APAC region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Biorefinery Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Biorefinery Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Biorefinery Market, highlighting leading vendors and their innovative profiles. These include Abengoa Bioenergy SA, Bankchak Corporation, Borregaard, BP PLC, Cargill Incorporated, Chempolis, China Petroleum and Chemical Corp., Clariant International Ltd., DuPont de Nemours, Inc., Godavari Biorefineries Ltd., Honeywell International Inc., IES Biogas by Snam, LENZING AG, Neste Corp., Petroleo Brasileiro S.A., POET, LLC, Rajganga Biorefineries Pvt. Ltd., Renewable Energy Group Inc., SEKAB Biofuels and Chemicals AB, Sundrop Fuels, Inc., TotalEnergies SE, UPM-Kymmene Corporation, Valero Energy Corporation, and Wilmar International Ltd..

Market Segmentation & Coverage

This research report categorizes the Biorefinery Market to forecast the revenues and analyze trends in each of the following sub-markets:

Process
- Biochemical
- Industrial
- Thermochemical

Generation
- Phase I
- Phase II
- Phase III

Product
- Energy-based
  - Pellets
  - Steam

Material based
- Bio-ethanol
- Y-valerolactone

Application
- Biofuel
- Biomaterial
- Bulk Chemicals
- Food Industry
- Pulp & Paper Industry

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Biorefinery Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Biorefinery Market?

3. What are the technology trends and regulatory frameworks in the Biorefinery Market?

4. What is the market share of the leading vendors in the Biorefinery Market?

5. Which modes and strategic moves are suitable for entering the Biorefinery Market?

Product Code: MRR-02026C4CB1B8

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Proliferating demand for renewable energy generation
  - 5.1.1.2. Rising consumer awareness of bio-based products
- 5.1.2. Restraints
  - 5.1.2.1. Concerns about the environmental impact of biorefineries
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in biorefineries
  - 5.1.3.2. Significant investments and government initiatives to establish biorefineries
- 5.1.4. Challenges
  - 5.1.4.1. Operational challenges and limitations of biorefineries
5.2. Market Segmentation Analysis
- 5.2.1. Process: Rising inclination towards biochemical process in Biorefinery
- 5.2.2. Generation: Ongoing advancements in third generation biorefineries
- 5.2.3. Product: Diverse scope of products obtained through biorefineries
- 5.2.4. Application: Increasing applications of biorefineries for biomaterials & biofuels
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Biorefinery Market, by Process

6.1. Introduction
6.2. Biochemical
6.3. Industrial
6.4. Thermochemical

7. Biorefinery Market, by Generation

7.1. Introduction
7.2. Phase I
7.3. Phase II
7.4. Phase III

8. Biorefinery Market, by Product

8.1. Introduction
8.2. Energy-based
8.3. Material based

9. Biorefinery Market, by Application

9.1. Introduction
9.2. Biofuel
9.3. Biomaterial
9.4. Bulk Chemicals
9.5. Food Industry
9.6. Pulp & Paper Industry

10. Americas Biorefinery Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Biorefinery Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Biorefinery Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. India's First Bamboo-Based Biorefinery to Start Operations in March
- 13.3.2. UPM Acquires SunCoal Industries to Boost Biofuel Technology
- 13.3.3. Eni Sustainable Mobility and PBF Energy Announce Partnership for St. Bernard Biorefinery in the US
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio