Biorefinery Technologies Market By Feedstock Type , By Technology Type By End-Use Industry : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

The biorefinery technologies market was valued at $187.9 billion in 2023, and is projected to reach $476.4 billion by 2033, growing at a CAGR of 9.8% from 2024 to 2033.

Biorefinery technologies are processes that convert biomass-such as plant materials, organic waste, and other renewable resources-into a spectrum of valuable products, including biofuels, biochemicals, and bio-based materials, which can serve as sustainable alternatives to traditional fossil-based products. By utilizing advanced biorefinery technologies, industries can contribute to reducing carbon footprints, enhancing energy security, and fostering a circular bioeconomy.

The growth of the global biorefinery technologies market is majorly driven by surge in demand for biofuels and other renewable energy products from biorefineries. A 2021 study by the U.S. Department of Agriculture (USDA) estimates that biorefineries could produce up to 50 million tons of biochemicals annually from agricultural residues in the United States alone, which would significantly reduce dependence on petroleum-based chemicals. Moreover, diminishing reserves of fossil fuels and the volatility of oil prices are fostering the growth of the global market. In addition, rise in concerns about waste disposal and the need to minimize environmental impact are encouraging the use of organic waste as feedstock in biorefineries. Increase in awareness among consumers about environmental issues is further fostering the demand for eco-friendly, bio-based products, which, in turn, fuels the demand for biorefinery technologies. Furthermore, increase in need to reduce reliance on fossil fuels and enhance energy security foster the market growth. Moreover, many countries, including China, India, the U.S., and the European Union-the largest emitters-are aiming to achieve net zero emissions by 2050. The International Energy Agency estimates that to reach net-zero emissions by 2050, annual global carbon emissions must fall by around 40% by 2030 compared to 2020 levels. To help meet this goal, these countries have focused on biorefinery technologies, which is expected to significantly contribute toward the growth of the global market. In addition, many countries have adopted the circular economy approach that focuses on extending the lifecycle of products, minimizing waste, and making the most of resources. The European Union has been a pioneer in promoting circular economy practices through policies and regulations such as the Circular Economy Action Plan, which aims to make Europe a leader in sustainable resource management and waste reduction. Thus, such initiatives significantly promote the use of biorefinery technologies. However, establishing biorefineries requires substantial upfront investment in infrastructure, technology, and R&D. This high capital cost acts as a significant barrier for the market growth. Moreover, despite the environmental benefits, bio-based products often face stiff competition from established fossil fuel-based products, which are cheaper. On the contrary, innovations in biotechnology, such as genetic engineering, enzyme technology, and microbial fermentation, are enhancing the efficiency and scalability of biorefinery processes, which are expected to offer lucrative growth opportunities for the market. The integration of digital technologies, such as IoT, AI, and ML, in biorefinery operations is improving process efficiency, reducing costs, and enhancing product quality, thereby driving market growth.

The global biorefinery technologies market is segmented into feedstock type, technology type, end-use industry, and region. By feedstock type, the market is segregated into lignocellulosic biomass, algae, and others. On the basis of technology type, it is fragmented into biochemical process, thermochemical process, and others. Depending end-use industry, it is segregated into transportation, chemicals, energy, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of feedstock type, the lignocellulosic biomass is expected to dominate the market from 2024 to 2033.

By technology type, the biochemical process segment is anticipated to lead throughout the forecast period.

Depending end-use industry, transportation is projected to emerge as the leading segment in the biorefinery technologies market throughout the forecast period.

Region wise, Asia-Pacific to likely to maintain its dominance by 2033.

Competition Analysis

Competitive analysis and profiles of the major players in the global biorefinery technologies market include ADM, Valero, Green Plains Inc., NEXBTL Technology, CLARIANT, BP p.l.c., Cargill, Incorporated, Louis Dreyfus Company, Novozymes A/S, and Enerkem. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the global market.

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Consumer Buying Behavior Analysis
End user preferences and pain points
Investment Opportunities
Product Benchmarking / Product specification and applications
Upcoming/New Entrant by Regions
Technology Trend Analysis
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Additional company profiles with specific to client's interest
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Feedstock Type

Lignocellulosic Biomass
Algae
Others

By Technology Type

Biochemical Process
Thermochemical Process
Others

By End-Use Industry

Transportation
Chemicals
Energy
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

ADM
Valero
Green Plains Inc.
NEXBTL Technology
CLARIANT
BP p.l.c.
Cargill, Incorporated
Louis Dreyfus Company
Novozymes A/S
Enerkem

Product Code: A07244

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: BIOREFINERY TECHNOLOGIES MARKET, BY FEEDSTOCK TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Feedstock Type
4.2. Lignocellulosic Biomass
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Algae
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Others
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: BIOREFINERY TECHNOLOGIES MARKET, BY TECHNOLOGY TYPE

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Technology Type
5.2. Biochemical Process
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Thermochemical Process
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Others
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country

CHAPTER 6: BIOREFINERY TECHNOLOGIES MARKET, BY END-USE INDUSTRY

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End-use Industry
6.2. Transportation
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Chemicals
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Energy
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country
6.5. Others
- 6.5.1. Key Market Trends, Growth Factors and Opportunities
- 6.5.2. Market Size and Forecast, By Region
- 6.5.3. Market Share Analysis, By Country

CHAPTER 7: BIOREFINERY TECHNOLOGIES MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Feedstock Type
- 7.2.3. Market Size and Forecast, By Technology Type
- 7.2.4. Market Size and Forecast, By End-use Industry
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Biorefinery Technologies Market
  - 7.2.6.1. Market Size and Forecast, By Feedstock Type
  - 7.2.6.2. Market Size and Forecast, By Technology Type
  - 7.2.6.3. Market Size and Forecast, By End-use Industry
- 7.2.7. Canada Biorefinery Technologies Market
  - 7.2.7.1. Market Size and Forecast, By Feedstock Type
  - 7.2.7.2. Market Size and Forecast, By Technology Type
  - 7.2.7.3. Market Size and Forecast, By End-use Industry
- 7.2.8. Mexico Biorefinery Technologies Market
  - 7.2.8.1. Market Size and Forecast, By Feedstock Type
  - 7.2.8.2. Market Size and Forecast, By Technology Type
  - 7.2.8.3. Market Size and Forecast, By End-use Industry
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Feedstock Type
- 7.3.3. Market Size and Forecast, By Technology Type
- 7.3.4. Market Size and Forecast, By End-use Industry
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Biorefinery Technologies Market
  - 7.3.6.1. Market Size and Forecast, By Feedstock Type
  - 7.3.6.2. Market Size and Forecast, By Technology Type
  - 7.3.6.3. Market Size and Forecast, By End-use Industry
- 7.3.7. Germany Biorefinery Technologies Market
  - 7.3.7.1. Market Size and Forecast, By Feedstock Type
  - 7.3.7.2. Market Size and Forecast, By Technology Type
  - 7.3.7.3. Market Size and Forecast, By End-use Industry
- 7.3.8. Italy Biorefinery Technologies Market
  - 7.3.8.1. Market Size and Forecast, By Feedstock Type
  - 7.3.8.2. Market Size and Forecast, By Technology Type
  - 7.3.8.3. Market Size and Forecast, By End-use Industry
- 7.3.9. Spain Biorefinery Technologies Market
  - 7.3.9.1. Market Size and Forecast, By Feedstock Type
  - 7.3.9.2. Market Size and Forecast, By Technology Type
  - 7.3.9.3. Market Size and Forecast, By End-use Industry
- 7.3.10. UK Biorefinery Technologies Market
  - 7.3.10.1. Market Size and Forecast, By Feedstock Type
  - 7.3.10.2. Market Size and Forecast, By Technology Type
  - 7.3.10.3. Market Size and Forecast, By End-use Industry
- 7.3.11. Rest of Europe Biorefinery Technologies Market
  - 7.3.11.1. Market Size and Forecast, By Feedstock Type
  - 7.3.11.2. Market Size and Forecast, By Technology Type
  - 7.3.11.3. Market Size and Forecast, By End-use Industry
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Feedstock Type
- 7.4.3. Market Size and Forecast, By Technology Type
- 7.4.4. Market Size and Forecast, By End-use Industry
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Biorefinery Technologies Market
  - 7.4.6.1. Market Size and Forecast, By Feedstock Type
  - 7.4.6.2. Market Size and Forecast, By Technology Type
  - 7.4.6.3. Market Size and Forecast, By End-use Industry
- 7.4.7. Japan Biorefinery Technologies Market
  - 7.4.7.1. Market Size and Forecast, By Feedstock Type
  - 7.4.7.2. Market Size and Forecast, By Technology Type
  - 7.4.7.3. Market Size and Forecast, By End-use Industry
- 7.4.8. India Biorefinery Technologies Market
  - 7.4.8.1. Market Size and Forecast, By Feedstock Type
  - 7.4.8.2. Market Size and Forecast, By Technology Type
  - 7.4.8.3. Market Size and Forecast, By End-use Industry
- 7.4.9. South Korea Biorefinery Technologies Market
  - 7.4.9.1. Market Size and Forecast, By Feedstock Type
  - 7.4.9.2. Market Size and Forecast, By Technology Type
  - 7.4.9.3. Market Size and Forecast, By End-use Industry
- 7.4.10. Australia Biorefinery Technologies Market
  - 7.4.10.1. Market Size and Forecast, By Feedstock Type
  - 7.4.10.2. Market Size and Forecast, By Technology Type
  - 7.4.10.3. Market Size and Forecast, By End-use Industry
- 7.4.11. Rest of Asia-Pacific Biorefinery Technologies Market
  - 7.4.11.1. Market Size and Forecast, By Feedstock Type
  - 7.4.11.2. Market Size and Forecast, By Technology Type
  - 7.4.11.3. Market Size and Forecast, By End-use Industry
7.5. LAMEA
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Feedstock Type
- 7.5.3. Market Size and Forecast, By Technology Type
- 7.5.4. Market Size and Forecast, By End-use Industry
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Biorefinery Technologies Market
  - 7.5.6.1. Market Size and Forecast, By Feedstock Type
  - 7.5.6.2. Market Size and Forecast, By Technology Type
  - 7.5.6.3. Market Size and Forecast, By End-use Industry
- 7.5.7. South Africa Biorefinery Technologies Market
  - 7.5.7.1. Market Size and Forecast, By Feedstock Type
  - 7.5.7.2. Market Size and Forecast, By Technology Type
  - 7.5.7.3. Market Size and Forecast, By End-use Industry
- 7.5.8. Saudi Arabia Biorefinery Technologies Market
  - 7.5.8.1. Market Size and Forecast, By Feedstock Type
  - 7.5.8.2. Market Size and Forecast, By Technology Type
  - 7.5.8.3. Market Size and Forecast, By End-use Industry
- 7.5.9. Rest of LAMEA Biorefinery Technologies Market
  - 7.5.9.1. Market Size and Forecast, By Feedstock Type
  - 7.5.9.2. Market Size and Forecast, By Technology Type
  - 7.5.9.3. Market Size and Forecast, By End-use Industry

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. ADM
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Valero
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Green Plains Inc.
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. NEXBTL Technology
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. CLARIANT
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. BP P.l.c.
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. Cargill, Incorporated
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Louis Dreyfus Company
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Novozymes A/S
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Enerkem
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments