Global Biorefinery Market is valued at approximately USD 41.88 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.6% over the forecast period 2022-2029. A biorefinery is a facility that uses machinery and procedures for converting biomass into fuels, electricity, chemicals, materials, food, and animal feed. It is an environmentally friendly way to transform biomass into a variety of bio-based goods and bioenergy. A biorefinery produces a variety of compounds by fractionating an initial raw material into several intermediates, such as carbohydrates, proteins, and triglycerides, which can then be processed into products with added value. Cascading phase is the name given to this stage of refining. The growing investments in the infrastructure needed to set up biorefineries have boosted in response to the rising need for clean energy fuels. Accordingly, the increase in demand for biofuels and bio-based polymers, coupled with rapid industrialization and urbanization are the prominent factors that are boosting the demand for biorefinery across the globe.
The rising number of regulatory policies for environmental protection to bolster investments is acting as a catalyzing factor for market growth across the globe. The current version of the National Policy on Biofuels, which was first released in 2009, was adopted by the Union Cabinet in May 2018. The programme aims to move towards the indicative goal of attaining a 20% blending of fossil-based fuels with biofuels by 2030. In addition, the International Energy Agency (IEA Bioenergy) estimates that in 2019, renewable energy made up 12% of the nation's overall energy supply in the U.K. and that 60% of that energy came from biomass. In addition, the UK's Total Energy Supply (TES) from biomass in 2019 totaled 572 PJ (petajoules). Thus, these aforementioned factors are likely to boost the market demand at a substantial rate. Moreover, the high depletion rate of fossil fuels, as well as the increasing technological advancements and related investments in biorefinery market are presenting various lucrative opportunities over the forecasting years. However, the increase in requirement of high initial capital investments, along with the variable and high cost of feedstock are challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Biorefinery Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the high production and usage of biofuel and the rising number of government policies. Whereas, Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising government expenditure on bioenergy development initiatives, as well as increasing focus on sustainable energy development and reducing its carbon footprint in the market space.
Major market players included in this report are:
- Honeywell International Inc.
Recent Developments in the Market:
- In September 2022, AFYREN announced the opening of its first sizable factory, AFYREN NEOXY in Carling Saint-Avold, France. The announcement was made on the Chemesis business platform. Carboxylic acids are directly obtained from sugar beet co-products through purification, extraction, and fermentation to offer a low-carbon substitute.
- In June 2022, Fintoil and Neste Engineering Solutions chose Emerson automation software and solutions to maximize the operational performance of their Hamina-Kotka biorefinery. Advanced biofuels and biochemical feedstocks are produced at the factory in Finland, which will aid in lowering emissions and dependence on fossil fuels.
Global Biorefinery Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Feedstock, Process, Product, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Feedstock:
- Starch & Sugar Crops
- Energy Crops
- Organic & Agricultural Residues
- Multifeedstock
- Others
By Process:
- Biochemical Processes
- Chemical Processes
- Mechanical/ Physical Processes
- Thermochemical Processes
- Multiprocess
By Product:
- Energy
- Chemicals
- Materials
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Biorefinery Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Biorefinery Market, by Feedstock, 2019-2029 (USD Billion)
- 1.2.3. Biorefinery Market, by Process, 2019-2029 (USD Billion)
- 1.2.4. Biorefinery Market, by Product, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Biorefinery Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Biorefinery Market Dynamics
- 3.1. Biorefinery Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising number of regulatory policies for environmental protection
- 3.1.1.2. Increase in demand for biofuels and bio-based polymers
- 3.1.2. Market Challenges
- 3.1.2.1. Increase in requirement of high initial capital investments
- 3.1.2.2. Variable and high cost of feedstock
- 3.1.3. Market Opportunities
- 3.1.3.1. High depletion rate of fossil fuels
- 3.1.3.2. Increasing technological advancements and related investments in biorefinery market
Chapter 4. Global Biorefinery Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Biorefinery Market, by Feedstock
- 6.1. Market Snapshot
- 6.2. Global Biorefinery Market by Feedstock, Performance - Potential Analysis
- 6.3. Global Biorefinery Market Estimates & Forecasts by Feedstock 2019-2029 (USD Billion)
- 6.4. Biorefinery Market, Sub Segment Analysis
- 6.4.1. Starch & Sugar Crops
- 6.4.2. Energy Crops
- 6.4.3. Organic & Agricultural Residues
- 6.4.4. Multifeedstock
- 6.4.5. Others
Chapter 7. Global Biorefinery Market, by Process
- 7.1. Market Snapshot
- 7.2. Global Biorefinery Market by Process, Performance - Potential Analysis
- 7.3. Global Biorefinery Market Estimates & Forecasts by Process 2019-2029 (USD Billion)
- 7.4. Biorefinery Market, Sub Segment Analysis
- 7.4.1. Biochemical Processes
- 7.4.2. Chemical Processes
- 7.4.3. Mechanical/ Physical Processes
- 7.4.4. Thermochemical Processes
- 7.4.5. Multiprocess
Chapter 8. Global Biorefinery Market, by Product
- 8.1. Market Snapshot
- 8.2. Global Biorefinery Market by Product, Performance - Potential Analysis
- 8.3. Global Biorefinery Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
- 8.4. Biorefinery Market, Sub Segment Analysis
- 8.4.1. Energy
- 8.4.2. Chemicals
- 8.4.3. Materials
- 8.4.4. Others
Chapter 9. Global Biorefinery Market, Regional Analysis
- 9.1. Biorefinery Market, Regional Market Snapshot
- 9.2. North America Biorefinery Market
- 9.2.1. U.S. Biorefinery Market
- 9.2.1.1. Feedstock breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Process breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Product breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Biorefinery Market
- 9.3. Europe Biorefinery Market Snapshot
- 9.3.1. U.K. Biorefinery Market
- 9.3.2. Germany Biorefinery Market
- 9.3.3. France Biorefinery Market
- 9.3.4. Spain Biorefinery Market
- 9.3.5. Italy Biorefinery Market
- 9.3.6. Rest of Europe Biorefinery Market
- 9.4. Asia-Pacific Biorefinery Market Snapshot
- 9.4.1. China Biorefinery Market
- 9.4.2. India Biorefinery Market
- 9.4.3. Japan Biorefinery Market
- 9.4.4. Australia Biorefinery Market
- 9.4.5. South Korea Biorefinery Market
- 9.4.6. Rest of Asia Pacific Biorefinery Market
- 9.5. Latin America Biorefinery Market Snapshot
- 9.5.1. Brazil Biorefinery Market
- 9.5.2. Mexico Biorefinery Market
- 9.5.3. Rest of Latin America Biorefinery Market
- 9.6. Rest of The World Biorefinery Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Honeywell International Inc.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Chempolis
- 10.2.3. Sekab
- 10.2.4. Ørsted A/S
- 10.2.5. IES BIOGAS srl
- 10.2.6. AB HOLDING SPA
- 10.2.7. Zea2 Bioworks
- 10.2.8. UPM Global
- 10.2.9. Neste
- 10.2.10. BTS Biogas Srl/GmbH
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption