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

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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