Global Biorefinery Market Forecasted to Surpass $1.4 Trillion by 2030: Growing Focus on Climate Change Mitigation Fuels Promising Growth Prospects

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Jul 10, 2023, 19:30 ET

DUBLIN, July 10, 2023 /PRNewswire/ -- The "Biorefinery: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Biorefinery estimated at US$647.2 Billion in the year 2022, is projected to reach a revised size of US$1.4 Trillion by 2030, growing at a CAGR of 10.6% over the analysis period 2022-2030.

Industrial Biotechnology, one of the segments analyzed in the report, is projected to record a 9.7% CAGR and reach US$724.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Physico-Chemical segment is readjusted to a revised 11% CAGR for the next 8-year period.

The U.S. Market is Estimated at $182.8 Billion, While China is Forecast to Grow at 11.7% CAGR

The Biorefinery market in the U.S. is estimated at US$182.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$239 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.3% and 9.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.

Select Competitors (Total 53 Featured) -

Archer-Daniels-Midland Company
Dominion Energy
Green Plains Inc.
Koninklijke DSM N.V.
Neste Oyj
Permolex Ltd.
Renewable Energy Group, Inc.
Honeywell UOP
Valero Energy Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Covid-19 Crisis Underlines the Need for Sustainability
Pandemic Highlights the Need for Recalibrating 2015 SDGs
Global Annual Increase/Decrease in Energy-Related CO2 Emissions for Years 2010 Through 2020 (In Billion Metric Tons Per Year)
Biorefineries face Disruption Amid the pandemic
Influencer Market Insights
World Market Trajectories
Biorefinery - Global Key Competitors Percentage Market Share in 2021 (E)
Biorefinery Competitor Market Share Scenario Worldwide (in %): 2020E
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
Biorefinery: A Prelude
Classification of Biorefineries
Biorefineries Claim Higher Sustainability Credentials over Traditional Counterparts
Pathways Distribution for Biorefineries
Biorefinery Platforms Enabling Biorefineries to Turn Biomass into Bio-Products
Biorefinery Industry Remains Dynamic and Moves Ahead with Encouraging Developments
Biofuel & Bio-Product Refineries Set to Receive Funding to Scale-Up Projects
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Sustainability Drive Remains at Helm of Substantial Headwinds for Biorefinery Market
Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
Carbon Neutrality Goals of Various Countries
Efforts to Achieve Circular Economy
Sustainable Investments to Emerge Into an Unstoppable Force in the Coming Decade: Global Investments in Sustainability (In US$ Billion) for Years 2015, 2018, 2020 and 2022
Clean Energy Transition Opens Up New Opportunities for Biorefineries: Global New Investment (In US$ Billion) in Clean Energy for the Years 2015-2019
Climate Change Mitigation Efforts Augments Growth Opportunities for Biorefinery Market
Mitigation Efforts to Curb Climate-Related Extreme Events and Resultant Economic Losses Promotes the Role of Bioenergy: Global Economic Losses (In US$ Billion) Caused by Weather Catastrophes for the Years 2016-2020
Rise in Demand for Biobased Products to Drive Growth in Biorefinery Projects
Global Demand for Bio-based Products in Thousand Tons: 2018-2030
Select Biobased Products in Focus
Percentage Share of Bio-Based Plastics In Global Plastic Production for the Years 2010, 2015, 2020, and 2025
Potential of Biorefinery to Produce Astaxanthin from Shrimp Waste
Astaxanthin Sales in US$ Million for Years 2020, 2022, 2024and 2027
Biodiesel Outlook in the Wake of Decarbonization Efforts to Spur Growth
Opportunity Indicators
Robust Growth Projected for Biodiesel Brightens the Outlook for Biorefineries: Global Market for Biofuel (In US$ Billion) for Years 2020, 2022, 2024 & 2026
Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
Expanding Role of Renewable Fuels in the Global Energy Mix Reflects Opportunities for Biofuels
Global Energy Mix: 1990 Vs 2020
COVID-19 Dampens Biofuel Consumption
Biofuels Production Scenario
Global Biofuel Production (in Billion Liters): 2019 and 2020
Top Biofuel Producing Countries in 2020
Noteworthy Company Developments
As Demand for HVO Grows, Investments in Biorefineries Gain Pace
Biorefineries with Carbon Capture and Sequestering Attract Interest
Advances in Development of Bio-Based Industrial Carbons with Thermochemical Platform
Microalgae Biorefineries with Potential for Renewable Bioenergy
Second-Generation Sustainable Biorefinery at Core of Europe's Bio-Economy Strategy
Growing Investments in New Refinery Capacity Additions Bodes Well
Energy Startups Take Biorefinery to New Terrains with Better Solutions for Clean Energy Generation
Innovative Pyrolysis
Biomass Torrefaction
Advanced Methanization
Gasification to Improve Conversion Efficiency
Wastewater to Energy
Cellulosic Biofuel Projects Face Muddled Rollouts & Sluggish Ramp-Up from Biorefineries
Overcoming Challenges with Cellulosic Ethanol Production in Biorefineries
Industry Centers Efforts to Make Biogas Production More Profitable
Catalytic Advances Favor Production & Upgrade of HMF in Biorefineries
Integrated Biorefineries: Potential Routes for Bio-Based Fuels & Chemicals
Biomass Valorization for Chemical Production in Biorefineries Aids Sustainability Efforts

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/s7hfg2

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