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PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1350723
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1350723
Biorefinery
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PAGES: 243 Pages
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Economic Outlook
The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US$6 trillion economy by 2030, surpassing Japan and Germany.
The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Biorefinery Market to Reach $1.4 Trillion by 2030
The global market for Biorefinery estimated at US$647.2 Billion in the year 2022, is projected to reach a revised size of US$1.4 Trillion by 2030, growing at a CAGR of 10.6% over the period 2022-2030. Industrial Biotechnology, one of the segments analyzed in the report, is projected to record 9.7% CAGR and reach US$724.5 Billion by the end of the analysis period. Growth in the Physico-Chemical segment is estimated at 11% CAGR for the next 8-year period.
The U.S. Market is Estimated at $182.8 Billion, While China is Forecast to Grow at 11.7% CAGR
The Biorefinery market in the U.S. is estimated at US$182.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$239 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.3% and 9.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.
Select Competitors (Total 53 Featured) -
- Cargill, Inc.
- Archer Daniels Midland Company
- Clariant International Ltd.
- China Petroleum & Chemical Corporation (SINOPEC)
- Elevance Renewable Sciences, Inc.
- Aemetis, Inc.
- Abengoa S.A.
- Clariant AG
- BlueFire Renewables, Inc.
- Borregaard ASA
- Chempolis Ltd.
- Biodico, Inc.
- BP Biofuels
- Alkion BioInnovations
- Applied Biorefinery Sciences, LLC
Product Code: MCP10733
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- 2020: A Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Covid-19 Crisis Underlines the Need for Sustainability
- Pandemic Highlights the Need for Recalibrating 2015 SDGs
- Global Annual Increase/Decrease in Energy-Related CO2 Emissions for Years 2010 Through 2020 (In Billion Metric Tons Per Year)
- Biorefineries face Disruption Amid the pandemic
- Influencer Market Insights
- World Market Trajectories
- Biorefinery - Global Key Competitors Percentage Market Share in 2021 (E)
- Biorefinery Competitor Market Share Scenario Worldwide (in %): 2020E
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
- Biorefinery: A Prelude
- Classification of Biorefineries
- Biorefineries Claim Higher Sustainability Credentials over Traditional Counterparts
- Pathways Distribution for Biorefineries
- Biorefinery Platforms Enabling Biorefineries to Turn Biomass into Bio-Products
- Biorefinery Industry Remains Dynamic and Moves Ahead with Encouraging Developments
- Biofuel & Bio-Product Refineries Set to Receive Funding to Scale-Up Projects
- Recent Market Activity
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Sustainability Drive Remains at Helm of Substantial Headwinds for Biorefinery Market
- Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
- Carbon Neutrality Goals of Various Countries
- Efforts to Achieve Circular Economy
- Sustainable Investments to Emerge Into an Unstoppable Force in the Coming Decade: Global Investments in Sustainability (In US$ Billion) for Years 2015, 2018, 2020 and 2022
- Clean Energy Transition Opens Up New Opportunities for Biorefineries: Global New Investment (In US$ Billion) in Clean Energy for the Years 2015-2019
- Climate Change Mitigation Efforts Augments Growth Opportunities for Biorefinery Market
- Mitigation Efforts to Curb Climate-Related Extreme Events and Resultant Economic Losses Promotes the Role of Bioenergy: Global Economic Losses (In US$ Billion) Caused by Weather Catastrophes for the Years 2016-2020
- Rise in Demand for Biobased Products to Drive Growth in Biorefinery Projects
- Global Demand for Bio-based Products in Thousand Tons: 2018-2030
- Select Biobased Products in Focus
- Percentage Share of Bio-Based Plastics In Global Plastic Production for the Years 2010, 2015, 2020, and 2025
- Potential of Biorefinery to Produce Astaxanthin from Shrimp Waste
- Astaxanthin Sales in US$ Million for Years 2020, 2022, 2024and 2027
- Biodiesel Outlook in the Wake of Decarbonization Efforts to Spur Growth
- Opportunity Indicators
- Robust Growth Projected for Biodiesel Brightens the Outlook for Biorefineries: Global Market for Biofuel (In US$ Billion) for Years 2020, 2022, 2024 & 2026
- Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
- Expanding Role of Renewable Fuels in the Global Energy Mix Reflects Opportunities for Biofuels
- Global Energy Mix: 1990 Vs 2020
- COVID-19 Dampens Biofuel Consumption
- Biofuels Production Scenario
- Global Biofuel Production (in Billion Liters): 2019 and 2020
- Top Biofuel Producing Countries in 2020
- Noteworthy Company Developments
- As Demand for HVO Grows, Investments in Biorefineries Gain Pace
- Biorefineries with Carbon Capture and Sequestering Attract Interest
- Advances in Development of Bio-Based Industrial Carbons with Thermochemical Platform
- Microalgae Biorefineries with Potential for Renewable Bioenergy
- Second-Generation Sustainable Biorefinery at Core of Europe's Bio-Economy Strategy
- Growing Investments in New Refinery Capacity Additions Bodes Well
- Energy Startups Take Biorefinery to New Terrains with Better Solutions for Clean Energy Generation
- Innovative Pyrolysis
- Biomass Torrefaction
- Advanced Methanization
- Gasification to Improve Conversion Efficiency
- Wastewater to Energy
- Cellulosic Biofuel Projects Face Muddled Rollouts & Sluggish Ramp-Up from Biorefineries
- Overcoming Challenges with Cellulosic Ethanol Production in Biorefineries
- Industry Centers Efforts to Make Biogas Production More Profitable
- Catalytic Advances Favor Production & Upgrade of HMF in Biorefineries
- Integrated Biorefineries: Potential Routes for Bio-Based Fuels & Chemicals
- Biomass Valorization for Chemical Production in Biorefineries Aids Sustainability Efforts
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Biorefinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 2: World Historic Review for Biorefinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 3: World 14-Year Perspective for Biorefinery by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2016, 2023 & 2030
- TABLE 4: World Recent Past, Current & Future Analysis for Industrial Biotechnology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 5: World Historic Review for Industrial Biotechnology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 6: World 14-Year Perspective for Industrial Biotechnology by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Physico-Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 8: World Historic Review for Physico-Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 9: World 14-Year Perspective for Physico-Chemical by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
- TABLE 10: World Recent Past, Current & Future Analysis for Thermochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 11: World Historic Review for Thermochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 12: World 14-Year Perspective for Thermochemical by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
- TABLE 13: World Biorefinery Market Analysis of Annual Sales in US$ Million for Years 2016 through 2030
III. MARKET ANALYSIS
- UNITED STATES
- Market Facts & Figures
- US Biorefinery Market Share (in %) by Company: 2020 & 2027
- Industrial Biotechnology (Technology) Market Share Analysis (in %) of Leading Players in the US for 2020 & 2027
- Physico-Chemical (Technology) Competitor Revenue Share (in %) in the US: 2020 & 2027
- Thermochemical (Technology) Market Share Breakdown (in %) of Major Players in the US: 2020 & 2027
- Biorefinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Market Analytics
- TABLE 14: USA Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 15: USA Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 16: USA 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- CANADA
- TABLE 17: Canada Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 18: Canada Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 19: Canada 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- JAPAN
- Biorefinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- TABLE 20: Japan Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 21: Japan Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 22: Japan 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- CHINA
- Biorefinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- TABLE 23: China Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 24: China Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 25: China 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- EUROPE
- Market Facts & Figures
- European Biorefinery Market: Competitor Market Share Scenario (in %) for 2020 & 2027
- Industrial Biotechnology (Technology) Market Share (in %) by Company in Europe: 2020 & 2027
- Physico-Chemical (Technology) Market Share (in %) of Major Players in Europe: 2020 & 2027
- Thermochemical (Technology) Competitor Market Share Analysis (in %) in Europe: 2020 & 2027
- Biorefinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Market Analytics
- TABLE 26: Europe Recent Past, Current & Future Analysis for Biorefinery by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 27: Europe Historic Review for Biorefinery by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 28: Europe 14-Year Perspective for Biorefinery by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2016, 2023 & 2030
- TABLE 29: Europe Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 30: Europe Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 31: Europe 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- FRANCE
- Biorefinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- TABLE 32: France Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 33: France Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 34: France 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- GERMANY
- Biorefinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- TABLE 35: Germany Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 36: Germany Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 37: Germany 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- ITALY
- TABLE 38: Italy Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 39: Italy Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 40: Italy 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- UNITED KINGDOM
- Biorefinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- TABLE 41: UK Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 42: UK Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 43: UK 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- REST OF EUROPE
- TABLE 44: Rest of Europe Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 45: Rest of Europe Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 46: Rest of Europe 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- ASIA-PACIFIC
- Biorefinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- TABLE 47: Asia-Pacific Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 48: Asia-Pacific Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 49: Asia-Pacific 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
- REST OF WORLD
- TABLE 50: Rest of World Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 51: Rest of World Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
- TABLE 52: Rest of World 14-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2023 & 2030
IV. COMPETITION
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