Global Biorefinery Market - 2025-2032

Global Biorefinery Market reached US$ 211.95 billion in 2024 and is expected to reach US$ 398.15 billion by 2032, growing with a CAGR of 8.2% during the forecast period 2025-2032.

Global population expansion, which is driving up energy consumption and accelerated climate change caused by rising GHG emissions are the primary market drivers driving growth. The globe is facing a major problem as a result of increased energy demand caused by an expanding global population. Furthermore, the rapid climate changes caused by increased GHG emissions pose a major threat to the environment.

Biorefinery is the most viable way to close the long-term gap between environmental sustainability and economic development. Neste Corporation announced intentions in January 2024 to boost the production and capacity of renewable diesel, as well as to build a sustainable aviation fuel (SAF) biorefinery facility in Rotterdam, Netherlands, as part of their low carbon fuel support expansion efforts. The growth of the biorefinery facility is expected to help achieve the company's goals.

Dynamic

Rising Need for Sustainable Energy

The growing demand for sustainable energy sources is one of the primary drivers of the global biorefinery industry. The World Bank Group predicts that the global population will grow by 34% between 2015 and 2050, reaching 9.2 billion people. The speed of urbanization is rapidly increasing. People's incomes are rising, which has raised the need for energy. The International Agency for Renewable Energy (IRENA) has released figures indicating that the world's population will have grown by 2021, with a 48% increase in global energy demand. Currently, fossil fuels meet 80% of the world's energy needs.

High Capital Investment and Operational Costs

One major constraint on the global biorefinery market is the high capital investment and operational costs associated with establishing and operating biorefinery facilities. Unlike typical fossil-fuel-based refineries, biorefineries necessitate specialized technology for biomass processing, enzymatic conversion and bio-based product extraction, which dramatically raises the initial investment costs.

Furthermore, the uncertainty in biomass feedstock availability, supply chain logistics and preprocessing requirements raises operational expenses. Bio-based products are frequently more expensive than petroleum-based alternatives, making large-scale commercialization difficult in the absence of strong legislative support, subsidies or carbon pricing systems. This cost burden may stymie the growth of the biorefinery sector, particularly in areas with insufficient government incentives and infrastructure.

Segment Analysis

The global biorefinery market is segmented based on type, product, technology and region.

Cloud-based solution is expected to drive the market.

In 2024, the first generation category dominated the global biorefinery market. It is frequently possible to consume biomass that is directly linked to first-generation biofuels such as ethanol and biodiesel. Typically, GMO or regular yeast strains such as Saccharomyces cerevisiae digest C6 carbohydrates, primarily glucose, to generate ethanol.

First-generation bioethanol is produced from a small number of different feedstocks, primarily sugarcane or maize. In December 2023, Total Energies announced a new agreement with an agricultural industry leader to build a biorefinery in France that will use agricultural waste and non-food crops to produce biofuels and address the fossil fuels problem. This idea is directed in line with Total Energy's new initiative focus.

Geographical Penetration

Rising Government Expenditure in North America.

North America Biorefinery Market dominated global market owing to more government spending on projects to generate biofuels. US Department of Energy (DOE) announced in June 2022 that it will invest US$ 59 million to boost biofuel and bioproduct output in rural America. The funds will assist the government meet its Sustainable Aviation Fuel Grand Challenge goal of producing 35 billion gallons of aviation biofuel by 2050 and 3 billion gallons of aviation biofuel per year by 2030. Furthermore, the U.S. Biorefinery market had the biggest market share, while the Canada Biorefinery market was the fastest expanding market in the region.

Sustainability and Green Product Analysis

Biorefineries use biomass feedstocks such agricultural wastes, forestry waste and algae to create biofuels, biochemicals and biomaterials with lower environmental effect than fossil-based alternatives. Advanced biorefining technologies prioritize waste valorization, energy efficiency and low emissions, in line with global sustainability objectives such as the United Nations Sustainable Development Goals (SDGs) and net-zero carbon targets.

Companies are investing in environmentally friendly processing processes including enzymatic hydrolysis and microbial fermentation to reduce energy usage and chemical waste. Additionally, the incorporation of carbon capture and utilization (CCU) in biorefineries is gaining traction, significantly reducing greenhouse gas emissions and improving the sustainability of bio-based products.

Competitive Landscape

The major global players in the market include Abengoa, Cargill, Incorporated, Renewable Energy Group, Godavari Biorefineries Ltd., Wilmar International Ltd., TotalEnergies, Neste, Valero, Green Plains and Clariant AG.

Why Choose DataM?

• Data-Driven Insights: Dive into detailed analyses with granular insights such as pricing, market shares and value chain evaluations, enriched by interviews with industry leaders and disruptors.
• Post-Purchase Support and Expert Analyst Consultations: As a valued client, gain direct access to our expert analysts for personalized advice and strategic guidance, tailored to your specific needs and challenges.
• White Papers and Case Studies: Benefit quarterly from our in-depth studies related to your purchased titles, tailored to refine your operational and marketing strategies for maximum impact.
• Annual Updates on Purchased Reports: As an existing customer, enjoy the privilege of annual updates to your reports, ensuring you stay abreast of the latest market insights and technological advancements. Terms and conditions apply.
• Specialized Focus on Emerging Markets: DataM differentiates itself by delivering in-depth, specialized insights specifically for emerging markets, rather than offering generalized geographic overviews. This approach equips our clients with a nuanced understanding and actionable intelligence that are essential for navigating and succeeding in high-growth regions.
• Value of DataM Reports: Our reports offer specialized insights tailored to the latest trends and specific business inquiries. This personalized approach provides a deeper, strategic perspective, ensuring you receive the precise information necessary to make informed decisions. These insights complement and go beyond what is typically available in generic databases.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies