Dublin, Oct. 21, 2024 (GLOBE NEWSWIRE) -- The "Biorefinery Market Report 2024-2034" has been added to ResearchAndMarkets.com's offering.
World revenue for the Biorefinery Market is set to surpass US$220 billion in 2024, with strong revenue growth through to 2034.
National Policies on Biofuel to Open New Avenues for the Market
Governments play a crucial role in promoting and driving the biofuel market through various policies and initiatives. These policies aim to address environmental concerns, reduce dependence on fossil fuels, and support the development of sustainable and renewable energy sources. Governments can establish Renewable Fuel Standards, mandating a minimum percentage of biofuels in the overall fuel supply. This encourages the blending of biofuels with traditional fossil fuels and creates a market demand for biofuel producers.
The Biomass Crop Assistance Program (BCAP; Section 9010) provides financial assistance to landowners and operators that establish, produce, and deliver biomass feedstock crops for advanced biofuel production facilities. Qualified feedstock producers are eligible for a reimbursement of 50% of the cost of establishing a biomass feedstock crop, as well as annual payments for up to five years for herbaceous feedstocks and up to 15 years for woody feedstocks.
In addition, BCAP provides qualified biomass feedstock crop producers matching payments for the collection, harvest, storage, and transportation of their crops to advanced biofuel production facilities for up to two years. The matching payments are $1 for each $1 per dry ton paid by a qualified advanced biofuel production facility, up to $20 per dry ton. This program's funding is subject to congressional appropriations
High Feedstock Cost is Restraining Biorefinery Industry Growth
High feedstock costs are indeed a significant barrier to the growth of the biorefinery industry. The cost of feedstock, such as biomass or agricultural residues, constitutes a major portion of the overall production cost in biorefineries. When feedstock prices are high, it directly leads to increased costs of producing biofuels and biochemicals. Higher feedstock costs reduce the profit margins for biorefinery operators. This can make it difficult for these businesses to compete with traditional petrochemical refineries that benefit from lower and more stable raw material costs.
Investors may be hesitant to fund biorefinery projects if the feedstock costs are volatile and high. This can lead to a slower rate of industry expansion and innovation. High feedstock costs can be attributed to issues in the supply chain, such as limited availability of biomass, logistical challenges, and costs associated with transportation and storage. Addressing these supply chain inefficiencies is crucial for reducing feedstock costs.
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), porter's five forces model, and recent developments.
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 19 leading national markets.
The report also includes profiles for some of the leading companies in the Biorefinery Market, with a focus on this segment of these companies' operations.
Leading biorefinery companies profiled in the report include:
- Abengoa
- Assam Biorefinery
- Borreggard
- Cargill
- Chevron Renewable Energy Group
- Godavari Biorefineries
- Green Plains
- Neste
- SEKAB
- TotalEnergies
- Valero
- Vivergo Fuels
- Wilmar International
Key Topics Covered:
1 Report Overview
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.3 Impact Analysis
3.3.1 Market Driving Factors
3.3.1.1 Increasing Demand for Sustainable Aviation Fuel to Drive the Market
3.3.1.2 Growing Biofuel Production to Drive the Market
3.3.1.3 Volatile Fossil Fuel Prices to Spur the Market
3.3.2 Market Restraining Factors
3.3.2.1 High Initial Capital Requirement to limit Biorefinery Industry Growth
3.3.2.2 High Feedstock Cost is Restraining Biorefinery Industry Growth
3.3.2.3 Uncertain Global Economic Conditions can Impact the Industry
3.3.3 Market Opportunities
3.3.3.1 Increasing Investment to Open New Avenues for the Biorefinery Industry
3.3.3.2 Partnerships & Collaborations to Offer Opportunities for Biorefinery Industry
3.3.3.3 National Policies on Biofuel to Open New Avenues for the Market
3.4 Regulatory Framework
3.5 Emerging Markets and Megatrends
3.6 Porter's Five Forces Analysis
3.7 PEST Analysis
4 Biorefinery Market Analysis by Feedstock
4.1 Key Findings
4.2 Feedstock Segment: Market Attractiveness Index
4.3 Biorefinery Market Size Estimation and Forecast by Feedstock
4.4 Primary Biomass
4.5 Secondary Biomass
5 Biorefinery Market Analysis by Processes
5.1 Key Findings
5.2 Processes Segment: Market Attractiveness Index
5.3 Biorefinery Market Size Estimation and Forecast by Processes
5.4 Biochemical
5.5 Chemical
5.6 Mechanical and thermomechanical
5.7 Thermochemical
6 Biorefinery Market Analysis by Product
6.1 Key Findings
6.2 Product Segment: Market Attractiveness Index
6.3 Biorefinery Market Size Estimation and Forecast by Product
6.4 Chemicals
6.5 Materials
6.6 Food
6.7 Animal Feed
6.8 Energy
7 Biorefinery Market Analysis by Region
7.1 Key Findings
7.2 Regional Market Size Estimation and Forecast
8 North America Biorefinery Market Analysis
8.1 Key Findings
8.2 North America Biorefinery Market Attractiveness Index
8.3 North America Biorefinery Market by Country, 2024, 2029 & 2034 (US$ Billion)
8.4 North America Biorefinery Market Size Estimation and Forecast by Country
8.5 North America Biorefinery Market Size Estimation and Forecast by Feedstock
8.6 North America Biorefinery Market Size Estimation and Forecast by Processes
8.7 North America Biorefinery Market Size Estimation and Forecast by Product
8.8 U.S. Biorefinery Market Analysis
- Verbio Starts Expansion to Build Second Biorefinery in North America
- USA Bioenergy To Submit $1.63bn Loan Application with US DOE
- EPA, DOE Announced $9.4M to Spur Development of Advanced Biofuels
- US to Boost Biofuel Mandates Over Next 3 Years
8.9 Canada Biorefinery Market Analysis
- Canada Investment in State-of-the-art Biorefinery Conversion in Saskatchewan
- CIB Commits $277 Million Towards Biorefinery
- Advanced Biofuels Canada (ABFC) Released its Fiscal Recommendations
9 Europe Biorefinery Market Analysis
9.1 Key Findings
9.2 Europe Biorefinery Market Attractiveness Index
9.3 Europe Biorefinery Market by Country, 2024, 2029 & 2034 (US$ Billion)
9.4 Europe Biorefinery Market Size Estimation and Forecast by Country
9.5 Europe Biorefinery Market Size Estimation and Forecast by Feedstock
9.6 Europe Biorefinery Market Size Estimation and Forecast by Processes
9.7 Europe Biorefinery Market Size Estimation and Forecast by Product
9.8 Germany Biorefinery Market Analysis
- UPM's Biorefinery is a Key Investment
- German Environment Minister Signals Openness to Using Biofuels in Agriculture
9.9 UK Biorefinery Market Analysis
- Sonichem Snaps £1.2M to Build Biorefinery Plant
9.10 France Biorefinery Market Analysis
- France's First World-Class Biorefinery
- French Bio-refinery Producing Biofuels and SAF in Southwest France
- France to Invest EUR 300 Million/year in Clean Aviation
9.11 Italy Biorefinery Market Analysis
- Eni to Build Third Biorefinery in Italy
9.12 Spain Biorefinery Market Analysis
- Cepsa, Bio-Oils Begin Construction On Biorefinery In Spain
- Repsol Started Construction of Spain's First Advanced Biofuels Plant
9.13 Rest of Europe Biorefinery Market Analysis
10 Asia Pacific Biorefinery Market Analysis
10.1 Key Findings
10.2 Asia Pacific Biorefinery Market Attractiveness Index
10.3 Asia Pacific Biorefinery Market by Country, 2024, 2029 & 2034 (US$ Billion)
10.4 Asia Pacific Biorefinery Market Size Estimation and Forecast by Country
10.5 Asia Pacific Biorefinery Market Size Estimation and Forecast by Feedstock
10.6 Asia Pacific Biorefinery Market Size Estimation and Forecast by Processes
10.7 Asia Pacific Biorefinery Market Size Estimation and Forecast by Product
10.8 China Biorefinery Market Analysis
- China Accelerates Biodiesel Demo Projects
- Topsoe Secures First SAF Project in China
10.9 India Biorefinery Market Analysis
- Godavari Biorefineries Opened Specialty Bio-chemical Plant in Maharashtra
- Biofuel Demand in India
- Aemetis Completed Expansion of Indian Biodiesel Plant
10.10 Japan Biorefinery Market Analysis
- Japan's Daio Paper To Develop Biorefinery
- Epson Plans its First Biomass Plant in Japan
10.11 South Korea Biorefinery Market Analysis
- LG Chem, Eni Partnered on South Korean Biorefinery
- HVO Plant Started in South Korea
- Korea Updates Laws to Promote Biofuels
10.12 Australia Biorefinery Market Analysis
- BP Gets Approval to Transform Refinery Into Biofuel Plant
- Mint Innovation Opens Its First Commercial Scale Biorefinery Plant
10.13 Rest of Asia Pacific Biorefinery Market Analysis
11 Latin America Biorefinery Market Analysis
11.1 Key Findings
11.2 Latin America Biorefinery Market Attractiveness Index
11.3 Latin America Biorefinery Market by Country, 2024, 2029 & 2034 (US$ Billion)
11.4 Latin America Biorefinery Market Size Estimation and Forecast by Country
11.5 Latin America Biorefinery Market Size Estimation and Forecast by Feedstock
11.6 Latin America Biorefinery Market Size Estimation and Forecast by Processes
11.7 Latin America Biorefinery Market Size Estimation and Forecast by Product
11.8 Brazil Biorefinery Market Analysis
11.9 Mexico Biorefinery Market Analysis
11.10 Rest of Latin America Biorefinery Market Analysis
12 Middle East & Africa Biorefinery Market Analysis
12.1 Key Findings
12.2 Middle East & Africa Biorefinery Market Attractiveness Index
12.3 Middle East & Africa Biorefinery Market by Country, 2024, 2029 & 2034 (US$ Billion)
12.4 Middle East & Africa Biorefinery Market Size Estimation and Forecast by Country
12.5 Middle East & Africa Biorefinery Market Size Estimation and Forecast by Feedstock
12.6 Middle East & Africa Biorefinery Market Size Estimation and Forecast by Processes
12.7 Middle East & Africa Biorefinery Market Size Estimation and Forecast by Product
12.8 GCC Biorefinery Market Analysis
- Saudi Arabia Introduced Clean Diesel and Gasoline Fuels
- Vitol Completed Inaugural Biofuel Delivery in the UAE
12.9 South Africa Biorefinery Market Analysis
12.10 Rest of Middle East & Africa Biorefinery Market Analysis
13 Company Profiles
- Valero
- TotalEnergies
- Neste
- Chevron Renewable Energy Group
- Vivergo Fuels
- Borreggard
- Wilmar International
- Godavari Biorefineries
- Assam Biorefinery Private Ltd
- SEKAB
- Green Plains
- Cargill
- Abengoa
For more information about this report visit https://www.researchandmarkets.com/r/6ng9iz
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