The global market for Biorefinery is estimated at US$138.9 Billion in 2023 and is projected to reach US$250.3 Billion by 2030, growing at a CAGR of 8.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the biorefinery market is driven by several factors, including technological advancements, regulatory support, and increasing demand for sustainable products. Innovations in biorefinery processes and feedstock utilization are enhancing the efficiency and cost-effectiveness of biorefineries, making them more competitive with conventional refineries.
Regulatory frameworks and policies promoting renewable energy and sustainability are also crucial drivers, as they provide incentives and mandates for reducing carbon emissions and increasing the use of renewable resources. The rising consumer demand for eco-friendly products, such as bioplastics and bio-based chemicals, is further propelling market growth.
Additionally, the diversification of end-use applications, including biofuels for transportation, biochemicals for industrial processes, and bioplastics for packaging, is expanding the market reach of biorefineries. Investments in research and development and strategic partnerships between industries and academic institutions are also contributing to the market's dynamic growth. These factors collectively ensure a robust expansion of the biorefinery market, aligning with global sustainability goals and the transition to a circular economy.
The growth in the biorefinery market is driven by several factors, including technological advancements, regulatory support, and increasing demand for sustainable products. Innovations in biorefinery processes and feedstock utilization are enhancing the efficiency and cost-effectiveness of biorefineries, making them more competitive with conventional refineries.
Regulatory frameworks and policies promoting renewable energy and sustainability are also crucial drivers, as they provide incentives and mandates for reducing carbon emissions and increasing the use of renewable resources. The rising consumer demand for eco-friendly products, such as bioplastics and bio-based chemicals, is further propelling market growth.
Additionally, the diversification of end-use applications, including biofuels for transportation, biochemicals for industrial processes, and bioplastics for packaging, is expanding the market reach of biorefineries. Investments in research and development and strategic partnerships between industries and academic institutions are also contributing to the market's dynamic growth. These factors collectively ensure a robust expansion of the biorefinery market, aligning with global sustainability goals and the transition to a circular economy.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Industrial Biotechnology segment, which is expected to reach US$107.3 Billion by 2030 with a CAGR of a 8.9%. The Physico-Chemical Technology segment is also set to grow at 8.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $51.1 Billion in 2023, and China, forecasted to grow at an impressive 9.0% CAGR to reach $31.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Biorefinery Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Biorefinery Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Biorefinery Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cargill, Inc., Archer Daniels Midland Company, Clariant International Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 48 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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 291 |
Published | October 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 138.9 Billion |
Forecasted Market Value ( USD | $ 250.3 Billion |
Compound Annual Growth Rate | 8.8% |
Regions Covered | Global |