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Biorefinery - Global Market Trajectory & Analytics

  • ID: 5139453
  • Report
  • February 2022
  • Region: Global
  • 243 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Dominion Energy
  • Green Plains Inc.
  • Honeywell UOP
  • Koninklijke DSM N.V.
  • Neste Oyj
  • Permolex Ltd.

Global Biorefinery Market to Reach US$979.5 Billion by the Year 2026


Biorefineries are facilities engaged in converting biomass feedstock into bio-energy and a spectrum of various bio-based and value-added products like chemicals, feed, food and materials. Biorefineries exhibit the potential to play an important role towards the development of a carbon neutral economy. In the recent years, various companies have move ahead with encouraging developments that are anticipated to shape and drive the domain. While some of the companies are looking forward to set up new biorefineries, others are coming up with innovative technologies intended to exploit biomass for desirable bio-products. In a major development in this direction, Petron Scientech, Inc. and SBI Bioenergy, Inc. have joined hands for licensing of differentiated, sustainable, integrated and energy-efficient technologies for conversion of biomass into clean hydrogen along with production of low-carbon biofuels. Biorefineries engaged in converting biomass feedstock into biofuels and bio-products are likely to receive desirable financial impetus from government agencies. In a recent development in this direction, the US Department of Energy announced plans to come up with a second 'scale-Up` Funding Opportunity Announcement (FOA). Offered by the Bioenergy Technologies Office (BETO), the funding is anticipated to play an important role in expediting the scale-up of biorefineries producing biofuels and bio-products.

Amid the COVID-19 crisis, the global market for Biorefinery estimated at US$647.2 Billion in the year 2022, is projected to reach a revised size of US$979.5 Billion by 2026, growing at a CAGR of 9.8% over the analysis period. Industrial Biotechnology, one of the segments analyzed in the report, is projected to grow at a 9% CAGR to reach US$546.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Physico-Chemical segment is readjusted to a revised 10.2% CAGR for the next 7-year period. This segment currently accounts for a 36.8% share of the global Biorefinery market.

The U.S. Market is Estimated at $182.8 Billion in 2022, While China is Forecast to Reach $155.2 Billion by 2026


The Biorefinery market in the U.S. is estimated at US$182.8 Billion in the year 2022. The country currently accounts for a 28.3% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$155.2 Billion in the year 2026 trailing a CAGR of 11.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 8.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR while Rest of European market (as defined in the study) will reach US$137.9 Million by the end of the analysis period. Strict government regulations, particularly in North America and Europe, that discourage the use of synthetic and chemical-based lubricants is expected to act as a demand driver. While the US and Europe are expected to remain the key markets for biolubricants in the near future, developing regions such as Asia-Pacific and Latin America are poised to generate the fastest demand growth for these bio-based products.

Thermochemical Segment to Reach $107.2 Billion by 2026


Thermochemical biorefineries convert biomass feedstock into pyrolysis oil or synthesis gas. The thermochemical conversion process is known for high degree of complexity and uses specific operating conditions, components and configurations. The process concerts biomass into syngas that can be converted into ethanol-rich blend. In the global Thermochemical segment, USA, Canada, Japan, China and Europe will drive the 12.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$42.3 Billion will reach a projected size of US$99.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.7 Billion by the year 2026.

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

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the publisher's digital archives and Research Platform
  • Complimentary updates for one year

FEATURED COMPANIES

  • Dominion Energy
  • Green Plains Inc.
  • Honeywell UOP
  • Koninklijke DSM N.V.
  • Neste Oyj
  • Permolex Ltd.

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
  • EXHIBIT 1: 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
  • EXHIBIT 2: 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
  • EXHIBIT 3: Biorefinery - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 53 Players Worldwide in 2022 (E)
  • Biorefinery: A Prelude
  • Classification of Biorefineries
  • Biorefineries Claim Higher Sustainability Credentials over Traditional Counterparts
  • EXHIBIT 4: 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
  • EXHIBIT 5: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
  • EXHIBIT 6: Carbon Neutrality Goals of Various Countries
  • Efforts to Achieve Circular Economy
  • EXHIBIT 7: 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
  • EXHIBIT 8: 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
  • EXHIBIT 9: 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
  • EXHIBIT 10: Global Demand for Bio-based Products in Thousand Tons: 2018-2030
  • Select Biobased Products in Focus
  • EXHIBIT 11: 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
  • EXHIBIT 12: Astaxanthin Sales in US$ Million for Years 2020, 2022, 2024 and 2027
  • Biodiesel Outlook in the Wake of Decarbonization Efforts to Spur Growth
  • Opportunity Indicators
  • EXHIBIT 13: Robust Growth Projected for Biodiesel Brightens the Outlook for Biorefineries: Global Market for Biofuel (In US$ Billion) for Years 2020, 2022, 2024 & 2026
  • EXHIBIT 14: 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
  • EXHIBIT 15: Global Energy Mix: 1990, 2020, and 2030
  • COVID-19 Dampens Biofuel Consumption
  • Biofuels Production Scenario
  • EXHIBIT 16: Global Biofuel Production (in Billion Liters): 2019 and 2020
  • EXHIBIT 17: 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

  • TABLE 1: World Recent Past, Current & Future Analysis for Biorefinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 2: World Historic Review for Biorefinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 3: World 11-Year Perspective for Biorefinery by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2016, 2021 & 2027
  • TABLE 4: World Recent Past, Current & Future Analysis for Industrial Biotechnology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 5: World Historic Review for Industrial Biotechnology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 6: World 11-Year Perspective for Industrial Biotechnology by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • TABLE 7: World Recent Past, Current & Future Analysis for Physico-Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 8: World Historic Review for Physico-Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 9: World 11-Year Perspective for Physico-Chemical by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • TABLE 10: World Recent Past, Current & Future Analysis for Thermochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 11: World Historic Review for Thermochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 12: World 11-Year Perspective for Thermochemical by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES

  • Biorefinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics
  • TABLE 13: USA Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 14: USA Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 15: USA 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

CANADA

  • TABLE 16: Canada Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 17: Canada Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 18: Canada 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

JAPAN

  • TABLE 19: Japan Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 20: Japan Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 21: Japan 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

CHINA

  • TABLE 22: China Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 23: China Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 24: China 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

EUROPE

  • Biorefinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analytics
  • TABLE 25: Europe Recent Past, Current & Future Analysis for Biorefinery by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 26: Europe Historic Review for Biorefinery by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 27: Europe 11-Year Perspective for Biorefinery by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2016, 2021 & 2027
  • TABLE 28: Europe Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 29: Europe Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 30: Europe 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

FRANCE

  • TABLE 31: France Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 32: France Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 33: France 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

GERMANY

  • TABLE 34: Germany Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 35: Germany Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 36: Germany 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

ITALY

  • TABLE 37: Italy Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 38: Italy Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 39: Italy 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

UNITED KINGDOM

  • TABLE 40: UK Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 41: UK Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 42: UK 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

REST OF EUROPE

  • TABLE 43: Rest of Europe Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 44: Rest of Europe Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 45: Rest of Europe 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

ASIA-PACIFIC

  • TABLE 46: Asia-Pacific Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 47: Asia-Pacific Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 48: Asia-Pacific 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

REST OF WORLD

  • TABLE 49: Rest of World Recent Past, Current & Future Analysis for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 50: Rest of World Historic Review for Biorefinery by Technology - Industrial Biotechnology, Physico-Chemical and Thermochemical Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2019 and % CAGR
  • TABLE 51: Rest of World 11-Year Perspective for Biorefinery by Technology - Percentage Breakdown of Value Revenues for Industrial Biotechnology, Physico-Chemical and Thermochemical for the Years 2016, 2021 & 2027

IV. COMPETITION

  • Total Companies Profiled: 53

A selection of companies mentioned in this report includes:

  • 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