Report Highlights
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.
Report Includes
- 40 data tables and 76 additional tables
- An overview of the global markets for biorefinery products and applications
- Analysis of global market trends, featuring historical revenue data for 2023, estimated figures for 2024, forecasts for 2029, and projected CAGRs through 2029
- Identification of the new opportunities, challenges and technologies in the industry
- Market share analysis by source, product, applications, end use and region
- Analysis of the current market trends and forecast, R&D activity, product launches and regulatory scenario
- Analysis of the key companies’ market shares, M&A activity, joint ventures, collaborations and other market strategies
- Profiles of major market players, including BASF SE, BP P.L.C., Neste, Cargill Inc., and Petrobras
Report Scope
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.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $715.7 Billion | ||||||||||||||||
| Market size forecast | $1.2 Trillion | ||||||||||||||||
| Growth rate | CAGR of 8.8% from 2024 to 2029 | ||||||||||||||||
| Units considered | $ Billions | ||||||||||||||||
| Segments covered | By Source, Product Type, Application and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific and the Rest of the World | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Dwindling fossil fuel resources.
- Easy availability of biomass.
- Investment in green energy and products.
- Growth of bioeconomy.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Consulting Editor’s Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fibre, textile and energy industries for 19 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
Report Highlights
The global market for biorefinery products is estimated to increase from $624.7 billion in 2022 to $920.0 billion by 2027, at a compound annual growth rate (CAGR) of 8.0% from 2022 through 2027.
Report Includes
- 124 data tables and 109 additional tables
- A comprehensive overview and up-to-date analysis of the global markets for biorefinery products
- Analyses of the global market trends, with market revenue for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size and market forecast for biorefinery products in value and volumetric terms, and their corresponding market share analysis based on product, technology, end-use application, and geographic region
- Highlights of the current and future market potential for two main types of biorefinery products (energetic/non-energetic), along with a detailed analysis of the competitive environment, industry outlook, and opportunities and penetration of bio-products
- Discussion of the value chain of basic products and the structure of the biorefinery industry and its interaction with the fossil-based industry
- A critical evaluation of the current status of commercial biorefinery markets and how recent environmental legislation and breakthroughs in technology will make the use of bio-based products competitive with established fossil-based platforms
- Holistic review of the effects of Covid-19 pandemic and the Russia-Ukraine war on the global biorefinery industry
- Updated information on the technology landscape of biorefinery products, conversion technologies, and number of registered patents for bioproducts (biochemicals, ethanol, biodiesel and biological materials)
- Insight into the end-users of biorefinery products, and assessment of the product technology development, and international trade and regulations within the biorefinery industry
- Descriptive company profiles of the market leading players, including Abengoa, ADM, Amyris, BASF, BP plc, Chevron Corp., Neste, and Petrobras
Report Highlights
The global market for biorefinery products should grow from $586.8 billion in 2020 to $867.7 billion by 2025, at compound annual growth rate (CAGR) of 8.1% for the period of 2020-2025.
Report Includes
- 102 data tables and 81 additional tables
- A brief overview of global market outlook for the industrial biorefinery products
- Analyses of the global market trends, with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Highlights of the current and future market potential for two main types of biorefinery products (energetic/non-energetic), along with a detailed analysis of the competitive environment, industry trends, opportunities and penetration of bio-products
- Insights into the value chain of basic products and the structure of the biorefinery industry and its interaction with the fossil-based industry
- A critical evaluation of the current status of commercial biorefinery markets and how recent environmental legislation and breakthroughs in technology will make the use of biobased products competitive with established fossil-based platforms
- Quantification of the market and end-use of biorefinery products, along with the assessment of international trade in biorefinery products with five-year forecasts
- Market share analysis of essential oils companies involved in the manufacture of biobased products
- Impact of COVID-19 pandemic on the growth of the global biobased industry vs. the global economy
- Company profiles of the market leading participants, including DuPont, Solazyme, Myriant Corp., Coca-Cola Co. (The) and Foster Wheeler AG
Report Highlights
The global market for bioproducts should reach $714.6 billion by 2021 from $466.6 billion in 2016 at a compound annual growth rate (CAGR) of 8.9%, from 2016 to 2021.
Report Includes
- A complete techno-economic and environmental analysis of industrial biorefinery products
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021
- Breakdowns of product demand by division, including energetic (ethanol, biodiesel, electricity/heat), nonenergetic (chemicals, materials, herbal/botanicals); and by segment, including fuel (transport, mechanical, etc.), energy (heat, electricity), material (plastics, resins), chemical (alcohols, solvents, acids, surfactants, etc.), and herbal/botanical (drugs, body care, aroma, etc.)
- Forecasts for biomass conversion processes and equipment to produce fuels, power, and chemicals from biomass
- Evaluations of the prospects for biorefineries built on different "platforms," such as the "sugar platform," based on fermentation of sugars extracted from biomass feedstocks, versus the "syngas platform," based on thermochemical conversion processes
- Detailed patent analysis and a research-and-development update
- Profiles of major players in the industry
Report Highlights
BCC Research estimates that the global demand for bioproducts will increase at a double-digit compound annual growth rate (CAGR) of 12.6% over the next five years to reach $700.7 billion in 2018 from $387.6 billion in 2013, when it will attain a market penetration rate of 5.5% in 2018, from an estimated rate of 4.2% in 2013.
Report Includes
- A complete techno-economic and environmental analysis of industrial biorefinery products.
- Analyses of global market trends, with data from 2010, 2011 and 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- Breakdown of product demand by division, including energetic (ethanol, biodiesel, electricity/heat), nonenergetic (chemicals, materials, herbal/botanicals); and by segment, including fuel (transport, mechanical, etc.), energy (heat, electricity), material (plastics, resins), chemical (alcohols, solvents, acids, surfactants, etc.), and herbal/botanical (drugs, body care, aroma, etc.).
- Forecasts for biomass conversion processes and equipment to produce fuels, power, and chemicals from biomass.
- Evaluations of the prospects for biorefineries built on different "platforms," such as the "sugar platform," based on fermentation of sugars extracted from biomass feedstocks, versus the "syngas platform," based on thermochemical conversion processes.
- Detailed patent analysis and a research-and-development update.
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