Biorefinery Market Forecasts to 2028 – Global Analysis By Product (Material Driven, Energy Driven and Other Products), By Type (First Generation, Second Generation and Third Generation), By Feedstock, By Processes, By Technology, By Application, By End Us

Biorefinery Market Forecasts to 2028 – Global Analysis By Product (Material Driven, Energy Driven and Other Products), By Type (First Generation, Second Generation and Third Generation), By Feedstock, By Processes, By Technology, By Application, By End User and By Geography


According to Stratistics MRC, the Global Biorefinery Market is accounted for $940.5 billion in 2022 and is expected to reach $1684.3 billion by 2028 growing at a CAGR of 10.2% during the forecast period. A facility termed a biorefinery uses machinery and procedures for converting biomass into fuels, chemicals, materials, food, and animal feed. The infrastructure required to build up biorefineries has experienced an increase in investment due to the rising demand for clean energy fuels. Biomass is transformed into energy and other useful byproducts in the biorefinery. It is a method for processing biomass sustainably to create a variety of bio-based goods and bioenergy. A biorefinery produces a variety of compounds by splitting an initial raw material into several intermediates, such as carbohydrates, proteins, and triglycerides, which can then be processed into products with additional value.

According to the International Renewable Energy Agency, the U.S. had a total electricity capacity of 13,574 MW from bioenergy. This is almost 4.2% of the total renewable energy electricity capacity.

Market Dynamics:

Driver:

Rapid urbanization and industrialization

The industrial sector has experienced tremendous growth in terms of enormous global technological advancements and massive production rates. A significant need for the development of renewable energy has been created by the industrial sector's rising energy consumption. This has bolstered the bioenergy market's growth, enhancing biorefineries' setup. Rising urbanisation has significantly raised energy consumption in the residential and commercial sectors internationally. The average annual electricity consumption for a U.S. residential utility customer in 2020 was 10,715 kWh, according to the U.S. Energy Information Administration.

Restraint:

High capital investment

One of the main obstacles to the installation of biorefineries as a market restraint throughout the anticipated period is the high initial investment. Installation, procurement, implementation, testing, maintenance, and feedstock costs are all included in the investment. The cost of the feedstock is a significant variable cost factor in the production of biofuels and chemicals.

Opportunity:

Increasing environmental protection regulations

Efforts to reduce air, water, and soil pollution have been accelerated by growing environmental consciousness. Contrary to traditional oil and gas, which are highly polluting and leave an enormous carbon imprint, this has led the government to enact reformatory policies to promote investments in cleaner fuels. After the Paris Climate Change Agreement, nations have set objectives to cut their carbon emissions as they become more aware of their carbon footprints. Over the forecast period, this has significantly increased investments in biorefineries. Furthermore, waste-to-energy conversion rates increased as a result of rising awareness of the environment. Because of this, there is a higher demand for biorefineries. However, the construction of biorefineries for the production of chemicals has also been prompted by the growing need to manufacture chemicals in a sustainable manner.

Threat:

Restrictions on feedstock types

The German government declared in September 2021 that the use of palm oil in the production of biofuels would be discontinued in 2023. The nation declared that it would focus on using waste products to produce biofuels. Germany also announced plans to use fewer biofuels made from food crops in May 2022 as a result of rising food prices. The Russia-Ukraine war caused exports to be disrupted, which reduced the number of agricultural crops that were available from both countries. China banned using grains as feedstock for biorefineries in 2007. For the purpose of producing ethanol, the government started promoting the development of new biorefineries based on sweet potatoes, sweet sorghum, and cassava. China, however, stopped providing funds for ethanol production in 2017 for the use of non-food grain and non-cellulosic feedstock. Such limitations on feedstock utilisation have a negative impact on investments in biorefineries.

Covid-19 Impact:

Construction stopped as a result of the worldwide COVID-19 lockdowns. The growth of the bio refinery market was among the numerous industries impacted by the coronavirus pandemic. Due to decreased investment potential brought on by economic turmoil in many nations, the authorization of new projects also saw a minor decline in the yearly growth rate. But during the epidemic, more eco-friendly technology was adopted. The use of biofuels was revitalised with the development of biorefining technologies. As a result, there is increasing demand for the construction of biorefineries.

The energy driven segment is expected to be the largest during the forecast period

Due to growing investments in the renewable energy sector, which will result in an increase in the number of renewable power plants and a rise in the production of bioenergy, the energy-driven segment is anticipated to be the largest segment during the forecast period. This is expected to drive demand for energy-driven biorefineries. The primary product category, according to the International Energy Agency, is energy-driven, particularly biofuels. These elements are boosting the segments growth.

The industrial biotechnology segment is expected to have the highest CAGR during the forecast period

Owing to the production of bio-based products from renewable feedstocks, such as chemicals, fuels, and plastics, as well as the use of biotechnology-based tools in conventional industrial processes known as bioprocessing, the industrial biotechnology segment is anticipated to grow at the highest CAGR during the forecast period. Industrial biotechnology is seen to have the potential to impact the economics of industrial production since it allows integrated biorefineries to create a wide range of goods and value streams. Moreover, large-scale bio-based industrial products are effectively entering the market due to three important factors: economic benefit, excellent performance, and environmentally friendly products.

Region with largest share:

Due to Germany's significant investment in and consumption of biofuel and products produced by biorefineries, Europe held the largest proportion of the global biorefinery market throughout the forecast period. Because of the support of the government, the UK is consuming more renewable energy as compared to energy derived from coal and oil. The nation has set forth strict rules governing the annual emissions levels across numerous industries, including transportation, buildings, and industry.

Region with highest CAGR:

Due to continued government subsidies and biorefinery plant research and development, North America is expected to have profitable growth in the global biorefinery market over the forecast period, leading to an increase in the number of biorefineries worldwide. Leading the North American market is the United States. Innovators and pioneers in biorefinery research include the National Renewable Energy Laboratory (NREL) of the United States.

Key players in the market

Some of the key players in Biorefinery market include AB Holding SpA, Archer Daniels Midland Company, Bayer Material Science LLC, BTS Biogas Srl/GmbH, Chempolis, Dominion Energy Services Company, Du Pont De Nemours, Green Plains Renewable Energy, Honeywell International Inc., Lanxess A.G, Orsted, Pacific Ethanol, Inc., Renewable Energy Group, Inc., UPM Global and Valero Energy Corporation.

Key Developments:

In September 2022, AFYREN announced the inauguration of AFYREN NEOXY, its first large-scale plant, in Carling Saint-Avold, France. The announcement was made on the Chemesis industrial platform. Carboxylic acids are directly procured from sugar beet co-products through purification, extraction, and fermentation to provide a low-carbon alternative.

In June 2022, Fintoil along with Neste Engineering Solutions has chosen Emerson automation software and technologies to take advantage of its Hamina-Kotka biorefinery’s operative performance. The Finland-based facility produces advanced bio-fuels and bio-chemical feedstocks which will help in reducing emission and dependency on fossil-fuels.

In May 2022, VERBIO launched the first cellulosic RNG plant in Nevada, U.S. According to the company, farmers benefit from the company's new technology, wherein the waste straw from the field is collected, which would otherwise rot. The production chain gives straw humus, a high-quality biofertilizer, at the end.

In April 2022, Veolia launched the world's largest biorefinery project producing carbon dioxide-neutral bio-methanol from a pulp mill in Finland. Developed with Metsä Fibre, the largest cooperative forestry association in Europe, the refinery will use Veolia's innovative technology of commercial bio product-derived bio methanol production, which integrates the crude sulfate methanol refining into the pulp production process.

Products Covered:
• Material Driven
• Energy Driven
• Other Products

Types Covered:
• First Generation
• Second Generation
• Third Generation

Feedstocks Covered:
• Multifeedstock
• Organic & Agricultural Residues
• Energy Crops
• Dedicated Crops
• Starch & Sugar Crops
• Other Feedstocks

Processes Covered:
• Mechanical/Physical Processes
• Chemical Processes
• Biochemical Processes
• Other Processes

Technologies Covered:
• Thermochemical
• Industrial Biotechnology
• Physico Chemical
• Advanced Biorefinery
• Other Technologies

Applications Covered:
• Materials
• Nonenergetic
• Energetic
• Plastic
• Body Care Products
• Resins
• Electricity
• Other Applications

End Users Covered:
• Manufacturing
• Flame Retardants
• Transportation
• Safe Food Supply
• Environment
• Communication
• Recreation
• Construction/Housing
• Agriculture
• Health and Hygiene
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Biorefinery Market, By Product
5.1 Introduction
5.2 Material Driven
5.2.1 Bio Naphtha
5.2.2 Chemicals
5.2.3 Animal Feed
5.2.4 Other Material Drivens
5.3 Energy Driven
5.3.1 Biodiesel
5.3.2 Sustainable aviation fuel
5.3.3 Bioethanol
5.4 Other Products
6 Global Biorefinery Market, By Type
6.1 Introduction
6.2 First Generation
6.3 Second Generation
6.4 Third Generation
7 Global Biorefinery Market, By Feedstock
7.1 Introduction
7.2 Multifeedstock
7.3 Organic & Agricultural Residues
7.4 Energy Crops
7.5 Dedicated Crops
7.5.1 Lignocellulosic Crops
7.5.2 Oil Crops
7.5.3 Other Dedicated Crops
7.6 Starch & Sugar Crops
7.7 Other Feedstocks
8 Global Biorefinery Market, By Processes
8.1 Introduction
8.2 Mechanical/Physical Processes
8.3 Chemical Processes
8.4 Biochemical Processes
8.5 Other Processes
9 Global Biorefinery Market, By Technology
9.1 Introduction
9.2 Thermochemical
9.3 Industrial Biotechnology
9.4 Physico Chemical
9.5 Advanced Biorefinery
9.6 Other Technologies
10 Global Biorefinery Market, By Application
10.1 Introduction
10.2 Materials
10.3 Nonenergetic
10.4 Energetic
10.5 Plastic
10.6 Body Care Products
10.7 Resins
10.8 Electricity
10.9 Other Applications
11 Global Biorefinery Market, By End User
11.1 Introduction
11.2 Manufacturing
11.3 Flame Retardants
11.4 Transportation
11.5 Safe Food Supply
11.6 Environment
11.7 Communication
11.8 Recreation
11.9 Construction/Housing
11.10 Agriculture
11.11 Health and Hygiene
11.12 Other End Users
12 Global Biorefinery Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 AB Holding SpA
14.2 Archer Daniels Midland Company
14.3 Bayer Material Science LLC
14.4 BTS Biogas Srl/GmbH
14.5 Chempolis
14.6 Dominion Energy Services Company
14.7 Du Pont De Nemours
14.8 Green Plains Renewable Energy
14.9 Honeywell International Inc.
14.10 Lanxess A.G
14.11 Orsted
14.12 Pacific Ethanol, Inc.
14.13 Renewable Energy Group, Inc.
14.14 UPM Global
14.15 Valero Energy Corporation
List of Tables
Table 1 Global Biorefinery Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Biorefinery Market Outlook, By Product (2020-2028) ($MN)
Table 3 Global Biorefinery Market Outlook, By Material Driven (2020-2028) ($MN)
Table 4 Global Biorefinery Market Outlook, By Bio Naphtha (2020-2028) ($MN)
Table 5 Global Biorefinery Market Outlook, By Chemicals (2020-2028) ($MN)
Table 6 Global Biorefinery Market Outlook, By Animal Feed (2020-2028) ($MN)
Table 7 Global Biorefinery Market Outlook, By Other Material Drivens (2020-2028) ($MN)
Table 8 Global Biorefinery Market Outlook, By Energy Driven (2020-2028) ($MN)
Table 9 Global Biorefinery Market Outlook, By Biodiesel (2020-2028) ($MN)
Table 10 Global Biorefinery Market Outlook, By Sustainable aviation fuel (2020-2028) ($MN)
Table 11 Global Biorefinery Market Outlook, By Bioethanol (2020-2028) ($MN)
Table 12 Global Biorefinery Market Outlook, By Other Products (2020-2028) ($MN)
Table 13 Global Biorefinery Market Outlook, By Type (2020-2028) ($MN)
Table 14 Global Biorefinery Market Outlook, By First Generation (2020-2028) ($MN)
Table 15 Global Biorefinery Market Outlook, By Second Generation (2020-2028) ($MN)
Table 16 Global Biorefinery Market Outlook, By Third Generation (2020-2028) ($MN)
Table 17 Global Biorefinery Market Outlook, By Feedstock (2020-2028) ($MN)
Table 18 Global Biorefinery Market Outlook, By Multifeedstock (2020-2028) ($MN)
Table 19 Global Biorefinery Market Outlook, By Organic & Agricultural Residues (2020-2028) ($MN)
Table 20 Global Biorefinery Market Outlook, By Energy Crops (2020-2028) ($MN)
Table 21 Global Biorefinery Market Outlook, By Dedicated Crops (2020-2028) ($MN)
Table 22 Global Biorefinery Market Outlook, By Lignocellulosic Crops (2020-2028) ($MN)
Table 23 Global Biorefinery Market Outlook, By Oil Crops (2020-2028) ($MN)
Table 24 Global Biorefinery Market Outlook, By Other Dedicated Crops (2020-2028) ($MN)
Table 25 Global Biorefinery Market Outlook, By Starch & Sugar Crops (2020-2028) ($MN)
Table 26 Global Biorefinery Market Outlook, By Other Feedstocks (2020-2028) ($MN)
Table 27 Global Biorefinery Market Outlook, By Processes (2020-2028) ($MN)
Table 28 Global Biorefinery Market Outlook, By Mechanical/Physical Processes (2020-2028) ($MN)
Table 29 Global Biorefinery Market Outlook, By Chemical Processes (2020-2028) ($MN)
Table 30 Global Biorefinery Market Outlook, By Biochemical Processes (2020-2028) ($MN)
Table 31 Global Biorefinery Market Outlook, By Other Processes (2020-2028) ($MN)
Table 32 Global Biorefinery Market Outlook, By Technology (2020-2028) ($MN)
Table 33 Global Biorefinery Market Outlook, By Thermochemical (2020-2028) ($MN)
Table 34 Global Biorefinery Market Outlook, By Industrial Biotechnology (2020-2028) ($MN)
Table 35 Global Biorefinery Market Outlook, By Physico Chemical (2020-2028) ($MN)
Table 36 Global Biorefinery Market Outlook, By Advanced Biorefinery (2020-2028) ($MN)
Table 37 Global Biorefinery Market Outlook, By Other Technologies (2020-2028) ($MN)
Table 38 Global Biorefinery Market Outlook, By Application (2020-2028) ($MN)
Table 39 Global Biorefinery Market Outlook, By Materials (2020-2028) ($MN)
Table 40 Global Biorefinery Market Outlook, By Nonenergetic (2020-2028) ($MN)
Table 41 Global Biorefinery Market Outlook, By Energetic (2020-2028) ($MN)
Table 42 Global Biorefinery Market Outlook, By Plastic (2020-2028) ($MN)
Table 43 Global Biorefinery Market Outlook, By Body Care Products (2020-2028) ($MN)
Table 44 Global Biorefinery Market Outlook, By Resins (2020-2028) ($MN)
Table 45 Global Biorefinery Market Outlook, By Electricity (2020-2028) ($MN)
Table 46 Global Biorefinery Market Outlook, By Other Applications (2020-2028) ($MN)
Table 47 Global Biorefinery Market Outlook, By End User (2020-2028) ($MN)
Table 48 Global Biorefinery Market Outlook, By Manufacturing (2020-2028) ($MN)
Table 49 Global Biorefinery Market Outlook, By Flame Retardants (2020-2028) ($MN)
Table 50 Global Biorefinery Market Outlook, By Transportation (2020-2028) ($MN)
Table 51 Global Biorefinery Market Outlook, By Safe Food Supply (2020-2028) ($MN)
Table 52 Global Biorefinery Market Outlook, By Environment (2020-2028) ($MN)
Table 53 Global Biorefinery Market Outlook, By Communication (2020-2028) ($MN)
Table 54 Global Biorefinery Market Outlook, By Recreation (2020-2028) ($MN)
Table 55 Global Biorefinery Market Outlook, By Construction/Housing (2020-2028) ($MN)
Table 56 Global Biorefinery Market Outlook, By Agriculture (2020-2028) ($MN)
Table 57 Global Biorefinery Market Outlook, By Health and Hygiene (2020-2028) ($MN)
Table 58 Global Biorefinery Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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