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Biorefinery Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product (Energy, Chemical and Material), By Production Facility Size (Small and medium-sized production facility, and large production facility), By Feedstock, (Primary Biomass and Secondary Biomass), By Process (Thermochemical, Biochemical, Chemical, and Mechanical & Thermomechanical), By Region, By Competition
Industry Report I 2023-06-01 I 116 Pages I TechSci Research
Global Biorefinery Market is anticipated to develop rapidly in the forecast period 2024-2028.
A biorefinery has the ability to convert biomass into fuels, electricity, and chemicals from agricultural, forest, and waste feedstock. Biorefinery has the advantage of producing multiple products, maximizing the value derived from the feedstock.
Rise in Interest Towards Environmental Sustainability
The increased concentration of Green House Gases (GHGs) is causing dramatic climatic changes such as temperature rise, changes in rainfall distribution, intensity, and pattern, rising sea levels, floods, and droughts, along with increased occurrence of extreme climatic phenomena, all of which is known to cause global warming". Biofuels, biopower, and bioproducts are replacements for fossil fuels and can help lower greenhouse gas emissions and create economic opportunities among consumers and industries.
Technological Advancements and Increasing Investment in Biorefinery Market
The potential benefits of biorefining for businesses and society are enormous. Bioenergy is used on a large scale which enhances the environment as it is a renewable resource, and its production and consumption result in low greenhouse gas emissions and, in some cases, come up to zero. Bioenergy also improves national and international security by reducing U.S. dependence on foreign oil, especially Middle Eastern oil, and military spending. Additionally, the macroeconomic situation of rural communities would be improved by bioenergy because the demand for agricultural products such as energy crops could potentially increase to a level. Therefore, to support the demand for agricultural products, there are some investments by the government to support Biorefineries are:
o US Department of Energy provides up to USD 100 million for research and development for biomass conversion to fuels and chemicals, including R&D for improved production and recycling of biobased plastics.
o India launched the "Innovation Roadmap of the Mission Integrated Biorefineries" as India aims to achieve missions like clean energy by 2030. 500-gigawatt non-fossil energy capacity, reduced carbon intensity by 45% over 2005 levels, and net zero emissions by 2070.
o The Government of Uttar Pradesh proposed six biofuel investments of almost USD 211 million.
o Formation of Climate Act and the Climate Policy Framework aims to decrease 70% transport sector's climate impact by 2030, compared with 2010. This reduction can be achieved by increasing the proportion of renewable fuels such as biofuels.
Rise in Innovations and Developments from Market Players
Biorefinery is considered to be a sustainable concept for the transformation of biomass into an extensive range of products. Biorefinery is a critical element of a circular economy and involves closing stream loops and multiple outputs. Therefore, companies and businesses are increasingly focusing on the innovations and development of biorefineries. For instance:
o Fintoil, and Neste Engineering Solutions, collaborated and adopted EMERSON AUTOMATION SOFTWARE AND TECHNOLOGIES to maximize the operational performance of its biorefinery plant to produce advanced biofuel and biochemical feedstocks, helping lower emissions and reduce dependence on fossil-based fuels.
Fluctuations in the global economy
The global economy is facing high fluctuations due to the pandemic and Russia's invasion of Ukraine. Biomasses provide several socio-economic and environmental benefit; it has impacted the biorefineries market. Moreover, the stringent laws and regulations in various countries have impacted the biorefineries market. As in many countries, waste regulations have become increasingly strict. Therefore, a flexible approach to waste regulation is required to make sure that potentially useful waste feedstocks are from bio-refining.
Market Segmentation
The Global Biorefinery Market is divided into Product, Production Facility Size, Feedstock, and Process. Based on Product, the market is divided into Energy, Chemical, and Material. By Production Facility Size, the market is divided into small and medium-sized production facilities and large production facilities. By Feedstock, the market is divided into Primary Biomass and Secondary Biomass. By Process, the market is divided into Thermochemical, Biochemical, Chemical, Mechanical & Thermomechanical.
The demand for bioenergy and the depletion of fossil fuels are fueling the market for Biorefinery Market and exhibiting a rapid growth of compound annual growth rate (CAGR) during the forecast period.
Market Players
Valero Energy Corporation, Honeywell UOP, Renewable Energy Group, Neste, Abengoa, Godavari Biorefineries Ltd., Sekab, TotalEnergies, Borregard AS, and Vivergo Fuel are major market players in the global biorefinery market.
Key developments
- In March 2021, Valero Energy Corporation and BlackRock Global Energy & Power Infrastructure partnered with Navigator Energy Services to develop an industrial-scale carbon capture pipeline system (CCS). The CCS provides an energy transition through innovation in renewables such as biorefineries.
- In April 2021, Honeywell and Brazil-based ECB Group collaborated to use the UOP Ecofining process to convert vegetable oils and inedible animal fats into renewable diesel and jet fuel.
Report Scope:
In this report, the Global Biorefinery Market has been segmented into the following categories, in addition to the Process trends, which have also been detailed below:
- Global Biorefinery Market, By Product:
o Energy-driven biorefineries
o Material-driven biorefineries
- Global Biorefinery Market, By Production Facility Size:
o Small and medium-sized production facility
o Large production facility
- Global Biorefinery Market, By Feedstock:
o Primary
o Secondary
- Global Biorefinery Market, By Process:
o Thermochemical
o Biochemical
o Chemical
o Mechanical and Thermomechanical
- Global Biorefinery Market, By Region:
o North America
- United States
- Canada
- Mexico
o Asia-Pacific
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- China
o Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Poland
- Denmark
o South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
o Middle East
- Saudi Arabia
- South Africa
- UAE
- Iraq
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Biorefinery Market.
Available Customizations:
Global Biorefinery Market report with the given market data, Tech Sci Research, offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to ten).
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on the Global Biorefinery Market
4. Executive Summary
5. Voice of Customers
6. Global Biorefinery Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product (Energy, Chemical and Material)
6.2.2. By Production Facility Size (Small and medium-sized production facility, and large production facility)
6.2.3. By Feedstock (Primary Biomass and Secondary Biomass)
6.2.4. By Process (Thermochemical, Biochemical, Chemical, and Mechanical & Thermomechanical)
6.2.5. By Region
6.3. By Company (2022)
6.4. Market Map
7. North America Biorefinery Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product
7.2.2. By Production Facility Size
7.2.3. By Feedstock
7.2.4. By Process
7.2.5. By Country
7.3. North America: Country Analysis
7.3.1. United States Biorefinery Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product
7.3.1.2.2. By Production Facility Size
7.3.1.2.3. By Feedstock
7.3.1.2.4. By Process
7.3.2. Canada Biorefinery Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product
7.3.2.2.2. By Production Facility Size
7.3.2.2.3. By Feedstock
7.3.2.2.4. By Process
7.3.3. Mexico Biorefinery Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product
7.3.3.2.2. By Production Facility Size
7.3.3.2.3. By Feedstock
7.3.3.2.4. By Process
8. Asia-Pacific Biorefinery Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product
8.2.2. By Production Facility Size
8.2.3. By Feedstock
8.2.4. By Process
8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Biorefinery Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product
8.3.1.2.2. By Production Facility Size
8.3.1.2.3. By Feedstock
8.3.1.2.4. By Process
8.3.2. India Biorefinery Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product
8.3.2.2.2. By Production Facility Size
8.3.2.2.3. By Feedstock
8.3.2.2.4. By Process
8.3.3. Japan Biorefinery Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product
8.3.3.2.2. By Production Facility Size
8.3.3.2.3. By Feedstock
8.3.3.2.4. By Process
8.3.4. South Korea Biorefinery Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Product
8.3.4.2.2. By Production Facility Size
8.3.4.2.3. By Feedstock
8.3.4.2.4. By Process
8.3.5. Australia Biorefinery Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Product
8.3.5.2.2. By Production Facility Size
8.3.5.2.3. By Feedstock
8.3.5.2.4. By Process
8.3.6. Singapore Biorefinery Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Product
8.3.6.2.2. By Production Facility Size
8.3.6.2.3. By Feedstock
8.3.6.2.4. By Process
8.3.7. Malaysia Biorefinery Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Product
8.3.7.2.2. By Production Facility Size
8.3.7.2.3. By Feedstock
8.3.7.2.4. By Process
9. Europe Biorefinery Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product
9.2.2. By Production Facility Size
9.2.3. By Feedstock
9.2.4. By Process
9.2.5. By Country
9.3. Europe: Country Analysis
9.3.1. Germany Biorefinery Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product
9.3.1.2.2. By Production Facility Size
9.3.1.2.3. By Feedstock
9.3.1.2.4. By Process
9.3.2. United Kingdom Biorefinery Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product
9.3.2.2.2. By Production Facility Size
9.3.2.2.3. By Feedstock
9.3.2.2.4. By Process
9.3.3. France Biorefinery Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product
9.3.3.2.2. By Production Facility Size
9.3.3.2.3. By Feedstock
9.3.3.2.4. By Process
9.3.4. Italy Biorefinery Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Product
9.3.4.2.2. By Production Facility Size
9.3.4.2.3. By Feedstock
9.3.4.2.4. By Process
9.3.5. Spain Biorefinery Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Product
9.3.5.2.2. By Production Facility Size
9.3.5.2.3. By Feedstock
9.3.5.2.4. By Process
9.3.6. Poland Biorefinery Market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Value
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Product
9.3.6.2.2. By Production Facility Size
9.3.6.2.3. By Feedstock
9.3.6.2.4. By Process
9.3.7. Denmark Biorefinery Market Outlook
9.3.7.1. Market Size & Forecast
9.3.7.1.1. By Value
9.3.7.2. Market Share & Forecast
9.3.7.2.1. By Product
9.3.7.2.2. By Production Facility Size
9.3.7.2.3. By Feedstock
9.3.7.2.4. By Process
10. South America Biorefinery Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product
10.2.2. By Production Facility Size
10.2.3. By Feedstock
10.2.4. By Process
10.2.5. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Biorefinery Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product
10.3.1.2.2. By Production Facility Size
10.3.1.2.3. By Feedstock
10.3.1.2.4. By Process
10.3.2. Argentina Biorefinery Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product
10.3.2.2.2. By Production Facility Size
10.3.2.2.3. By Feedstock
10.3.2.2.4. By Process
10.3.3. Colombia Biorefinery Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product
10.3.3.2.2. By Production Facility Size
10.3.3.2.3. By Feedstock
10.3.3.2.4. By Process
10.3.4. Peru Biorefinery Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Product
10.3.4.2.2. By Production Facility Size
10.3.4.2.3. By Feedstock
10.3.4.2.4. By Process
10.3.5. Chile Biorefinery Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Product
10.3.5.2.2. By Production Facility Size
10.3.5.2.3. By Feedstock
10.3.5.2.4. By Process
11. Middle East & Africa Biorefinery Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Product
11.2.2. By Production Facility Size
11.2.3. By Feedstock
11.2.4. By Process
11.3. Middle East & Africa: Country Analysis
11.3.1. Saudi Arabia Biorefinery Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Product
11.3.1.2.2. By Production Facility Size
11.3.1.2.3. By Feedstock
11.3.1.2.4. By Process
11.3.2. South Africa Biorefinery Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Product
11.3.2.2.2. By Production Facility Size
11.3.2.2.3. By Feedstock
11.3.2.2.4. By Process
11.3.3. UAE Biorefinery Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Product
11.3.3.2.2. By Production Facility Size
11.3.3.2.3. By Feedstock
11.3.3.2.4. By Process
11.3.4. Iraq Biorefinery Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Product
11.3.4.2.2. By Production Facility Size
11.3.4.2.3. By Feedstock
11.3.4.2.4. By Process
11.3.5. Turkey Biorefinery Market Outlook
11.3.5.1. Market Size & Forecast
11.3.5.1.1. By Value
11.3.5.2. Market Share & Forecast
11.3.5.2.1. By Product
11.3.5.2.2. By Production Facility Size
11.3.5.2.3. By Feedstock
11.3.5.2.4. By Process
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
13.1. Trends and Developments
14. Company Profiles
14.1. Valero Energy Corporation
14.1.1. Business Overview
14.1.2. Key Revenue and Financials (if available)
14.1.3. Recent Developments
14.1.4. Key Personnel
14.1.5. Key Product/Services
14.2. Honeywell UOP
14.2.1. Business Overview
14.2.2. Key Revenue and Financials (if available)
14.2.3. Recent Developments
14.2.4. Key Personnel
14.2.5. Key Product/Services
14.3. Renewable Energy Group
14.3.1. Business Overview
14.3.2. Key Revenue and Financials (if available)
14.3.3. Recent Developments
14.3.4. Key Personnel
14.3.5. Key Product/Services
14.4. Neste
14.4.1. Business Overview
14.4.2. Key Revenue and Financials (if available)
14.4.3. Recent Developments
14.4.4. Key Personnel
14.4.5. Key Product/Services
14.5. Abengoa
14.5.1. Business Overview
14.5.2. Key Revenue and Financials (if available)
14.5.3. Recent Developments
14.5.4. Key Personnel
14.5.5. Key Product/Services
14.6. Godavari Biorefineries Ltd.
14.6.1. Business Overview
14.6.2. Key Revenue and Financials (if available)
14.6.3. Recent Developments
14.6.4. Key Personnel
14.6.5. Key Product/Services
14.7. Sekab
14.7.1. Business Overview
14.7.2. Key Revenue and Financials (if available)
14.7.3. Recent Developments
14.7.4. Key Personnel
14.7.5. Key Product/Services
14.8. TotalEnergies
14.8.1. Business Overview
14.8.2. Key Revenue and Financials (if available)
14.8.3. Recent Developments
14.8.4. Key Personnel
14.8.5. Key Product/Services
14.9. Borregard AS
14.9.1. Business Overview
14.9.2. Key Revenue and Financials (if available)
14.9.3. Recent Developments
14.9.4. Key Personnel
14.9.5. Key Product/Services
14.10. Vivergo Fuel
14.10.1. Business Overview
14.10.2. Key Revenue and Financials (if available)
14.10.3. Recent Developments
14.10.4. Key Personnel
14.10.5. Key Product/Services
15. Strategic Recommendations
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