Biorefinery

Global Biorefinery Market to Reach US$268.7 Billion by 2030

The global market for Biorefinery estimated at US$163.9 Billion in the year 2024, is expected to reach US$268.7 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2024-2030. First Generation Biorefinery, one of the segments analyzed in the report, is expected to record a 8.4% CAGR and reach US$143.1 Billion by the end of the analysis period. Growth in the Second Generation Biorefinery segment is estimated at 8.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$55.9 Billion While China is Forecast to Grow at 8.8% CAGR

The Biorefinery market in the U.S. is estimated at US$55.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$31.9 Billion by the year 2030 trailing a CAGR of 8.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.1% and 7.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.

Global Biorefinery Market - Key Trends & Drivers Summarized

What Is a Biorefinery and Why Is It Important?

A biorefinery is an innovative facility that integrates biomass conversion processes and equipment to produce fuels, power, heat, and value-added chemicals from biomass. The concept is analogous to a petroleum refinery, which produces multiple fuels and products from crude oil; however, a biorefinery utilizes renewable biomass as its feedstock. The importance of biorefineries lies in their ability to provide a sustainable alternative to fossil fuels, reducing greenhouse gas emissions and dependence on non-renewable resources. By converting various types of biomass, such as agricultural residues, forestry waste, and energy crops, biorefineries can produce a wide array of products, including bioethanol, biodiesel, bioplastics, and biochemicals, which are essential for a circular economy.

How Do Biorefineries Operate and What Technologies Are Involved?

Biorefineries operate by breaking down biomass into its constituent components through physical, chemical, and biological processes. Key technologies involved in biorefineries include thermochemical processes like pyrolysis and gasification, which convert biomass into bio-oil and syngas, respectively. These intermediates can then be upgraded into transportation fuels and chemicals. Additionally, biochemical processes such as fermentation and anaerobic digestion are used to produce bioethanol, biogas, and other valuable bioproducts. Advanced biorefineries often employ a combination of these technologies to maximize yield and efficiency. For instance, integrating enzymatic hydrolysis with fermentation can enhance the production of bioethanol from lignocellulosic biomass. The adoption of cutting-edge technologies like catalytic upgrading and microbial consortia further optimizes the biorefinery process, making it more competitive with traditional fossil-based refineries.

What Are the Current Trends and Innovations in the Biorefinery Sector?

The biorefinery sector is witnessing several exciting trends and innovations aimed at improving efficiency, sustainability, and economic viability. One significant trend is the development of integrated biorefineries that combine multiple conversion processes to achieve higher product diversification and economic resilience. Innovations in feedstock flexibility are also notable, with advancements in pre-treatment technologies enabling the use of diverse biomass sources, including algae and municipal solid waste. Furthermore, the incorporation of green chemistry principles is driving the development of environmentally benign catalysts and solvents for biorefining processes. Another emerging trend is the production of high-value biochemicals and materials, such as bioplastics and biocomposites, which offer attractive economic returns. Research in genetic engineering and synthetic biology is also opening new avenues for enhancing microbial production strains, thereby increasing yields and reducing costs. These innovations are crucial for advancing the biorefinery sector and making it a cornerstone of the bioeconomy.

What Drives the Growth in the Biorefinery Market?

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.

SCOPE OF STUDY:

The report analyzes the Biorefinery market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Technology (Industrial Biotechnology, Physico-Chemical Technology, Thermochemical Technology); Type (First Generation Biorefinery, Second Generation Biorefinery, Third Generation Biorefinery)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 48 Featured) -

• Archer-Daniels-Midland Company
• Chevron Renewable Energy Group
• Dominion Energy, Inc.
• Green Plains Inc.
• Honeywell UOP
• Neste Oyj
• Permolex Ltd.
• POET, LLC
• UPM Group
• Valero Energy Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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