PUBLISHER: BCC Research | PRODUCT CODE: 1517521
PUBLISHER: BCC Research | PRODUCT CODE: 1517521
The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.
The global market for material-driven biorefinery products is expected to grow from $505.1 billion in 2024 to $732.1 billion by 2029, at a CAGR of 7.7% from 2024 to 2029.
The global market for energy-driven biorefinery products is expected to grow from $270.1 billion in 2024 to $452.0 billion by 2029, at a CAGR of 10.8% from 2024 to 2029.
This report segments the market for biorefinery products by product type (energy-driven and material-driven), source (primary, secondary and tertiary biomass), and application (biofuel, biobased chemicals, biomaterials, bioenergy, and medicines and healthcare). The market is segmented into four regions: North America, Europe, Asia-Pacific and the Rest of the World. The report's scope is limited to the study of biorefinery products as an end-use product and their application. Excluded is the revenue generated from technologies used in the biorefineries. The base year considered for the report is 2023 and the estimates and forecasts are for 2024 to 2029. Market estimates are provided in U.S. dollars, billions.