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 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 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 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.
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