Pune, India, Sept. 16, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global biorefinery market size was valued at USD 45370 million in 2020 and is reckoned to record a compound annual growth rate of 2.2% during 2021-2027 to accumulate USD 52680 million by the end of analysis timeframe.
Moreover, the literature also discusses the different market segmentations and their significant effect on the growth matrix. It further offers data pertaining to the regional landscape and competitive hierarchy, while emphasizing on the strategies deployed by the industry players to reinforce their foothold.
Sustainable establishment associated with biorefineries, reliable processing units, in consort with economically profitable and environmentally acceptable production chains are catalyzing the industrial growth. Also, increasing research & development facilitating industrial, rural & agricultural development will create new growth prospects for the industry.
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It is to be noted that the sustainable processing of biomass into a variety of marketable biobased energy and products including food, feed, chemicals, fuels, power, and/or heat is known as a biorefinery. Plant-based starch agriculture waste, and lignocellulosic materials are utilized in this process to produce all kinds of fuel, chemicals, and bio-based materials. Biorefinery can be a plant, a process, a facility, or even a cluster of facilities.
Generation of more feedstocks, coproducts & technologies, and constant supply of raw materials and intermediates are also fueling the growth of the market sphere.
Despite the positive outlook, limited availability of biomass, conflict between energy and food production as well as inadequate innovations are hampering the expansion pace of the business domain.
An overview of the market segmentations
Global biorefinery market has been segmented on the basis of type and application scope. As per type, the market is bifurcated into thermochemical, and biochemical. With respect to application scope, the industry sphere is classified into pharmaceuticals & food additives, biofuel, biomaterial, and bulk chemicals.
A summary of the regional scope
The regional analysis of worldwide biorefinery market consists of North America, Latin America, Europe, Middle East & Africa, and Asia-Pacific. Elaborating on the country-level ambit, the key avenues for business expansion includes U.S., Germany, Canada, France, U.K., Italy, Russia, Nordic, China, Japan, South Korea, Southeast Asia, India, Australia, Mexico, Brazil, Turkey, Saudi Arabia, and UAE.
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Competitive dashboard outlook:
The competitive landscape of worldwide biorefinery market sphere is defined by companies such as Valero Energy Corporation, Renewable Energy Group, Inc., Alto Ingredients, Inc., Neste Oyj, Abengoa Bioenergy Co., LLC, and Honeywell UOP among others.
Global Biorefinery Market, by Type (Revenue, USD Million, 2016-2027)
- Thermochemical
- Biochemical
Global Biorefinery Market, by Application Scope (Revenue, USD Million, 2016-2027)
- Pharmaceuticals & food additives
- Biofuel
- Biomaterial
- Bulk chemicals
Global Biorefinery Market Regional Landscape (Revenue, USD Million, 2016-2027)
North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Global Biorefinery Market Competitive Hierarchy (Revenue, USD Million, 2016-2027)
- Valero Energy Corporation
- Renewable Energy Group, Inc.
- Alto Ingredients, Inc.
- Neste Oyj
- Abengoa Bioenergy Co., LLC
- Honeywell UOP
Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Biorefinery Market Size Growth Rate by Type: 2016 VS 2021 VS 2027
1.2.2 Biochemical
1.2.3 Thermochemical
1.3 Market by Application
1.3.1 Global Biorefinery Market Share by Application: 2016 VS 2021 VS 2027
1.3.2 Bulk Chemicals
1.3.3 Biomaterial
1.3.4 Biofuel
1.3.5 Pharmaceuticals And Food Additives
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Biorefinery Market Perspective (2016-2027)
2.2 Biorefinery Growth Trends by Regions
2.2.1 Biorefinery Market Size by Regions: 2016 VS 2021 VS 2027
2.2.2 Biorefinery Historic Market Share by Regions (2016-2021)
2.2.3 Biorefinery Forecasted Market Size by Regions (2022-2027)
2.3 Biorefinery Industry Dynamic
2.3.1 Biorefinery Market Trends
2.3.2 Biorefinery Market Drivers
2.3.3 Biorefinery Market Challenges
2.3.4 Biorefinery Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Biorefinery Players by Revenue
3.1.1 Global Top Biorefinery Players by Revenue (2016-2021)
3.1.2 Global Biorefinery Revenue Market Share by Players (2016-2021)
3.2 Global Biorefinery Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Biorefinery Revenue
3.4 Global Biorefinery Market Concentration Ratio
4 Biorefinery Breakdown Data by Type
4.1 Global Biorefinery Historic Market Size by Type (2016-2021)
4.2 Global Biorefinery Forecasted Market Size by Type (2022-2027)
5 Biorefinery Breakdown Data by Application
5.1 Global Biorefinery Historic Market Size by Application (2016-2021)
5.2 Global Biorefinery Forecasted Market Size by Application (2022-2027)
6 North America
6.1 North America Biorefinery Market Size (2016-2027)
6.2 North America Biorefinery Market Size by Type
6.2.1 North America Biorefinery Market Size by Type (2016-2021)
6.2.2 North America Biorefinery Market Size by Type (2022-2027)
6.2.3 North America Biorefinery Market Size by Type (2016-2027)
6.3 North America Biorefinery Market Size by Application
7 Europe
7.1 Europe Biorefinery Market Size (2016-2027)
7.2 Europe Biorefinery Market Size by Type
7.2.1 Europe Biorefinery Market Size by Type (2016-2021)
7.2.2 Europe Biorefinery Market Size by Type (2022-2027)
7.2.3 Europe Biorefinery Market Size by Type (2016-2027)
7.3 Europe Biorefinery Market Size by Application
8 Asia-Pacific
8.1 Asia-Pacific Biorefinery Market Size (2016-2027)
8.2 Asia-Pacific Biorefinery Market Size by Type
8.2.1 Asia-Pacific Biorefinery Market Size by Type (2016-2021)
8.2.2 Asia-Pacific Biorefinery Market Size by Type (2022-2027)
8.2.3 Asia-Pacific Biorefinery Market Size by Type (2016-2027)
8.3 Asia-Pacific Biorefinery Market Size by Application
9 Latin America
9.1 Latin America Biorefinery Market Size (2016-2027)
9.2 Latin America Biorefinery Market Size by Type
9.2.1 Latin America Biorefinery Market Size by Type (2016-2021)
9.2.2 Latin America Biorefinery Market Size by Type (2022-2027)
9.2.3 Latin America Biorefinery Market Size by Type (2016-2027)
9.3 Latin America Biorefinery Market Size by Application
10 Middle East & Africa
10.1 Middle East & Africa Biorefinery Market Size (2016-2027)
10.2 Middle East & Africa Biorefinery Market Size by Type
10.2.1 Middle East & Africa Biorefinery Market Size by Type (2016-2021)
10.2.2 Middle East & Africa Biorefinery Market Size by Type (2022-2027)
10.2.3 Middle East & Africa Biorefinery Market Size by Type (2016-2027)
10.3 Middle East & Africa Biorefinery Market Size by Application
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
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