Global Biorefinery Industry Research Report 2024: Market to Reach $1.4 Trillion by 2030 - Energy Startups Take Biorefinery to New Terrains with Better Solutions

Dublin, April 08, 2024 (GLOBE NEWSWIRE) -- The "Biorefinery - Global Strategic Business Report" report has been added to's offering.

Global Biorefinery Market to Reach $1.4 Trillion by 2030

The global market for Biorefinery estimated at US$717.4 Billion in the year 2023, is projected to reach a revised size of US$1.4 Trillion by 2030, growing at a CAGR of 9.2% over the analysis period 2023-2030.

Biorefineries are gaining prominence as sustainable alternatives to traditional refineries, leveraging biomass to produce bio-products. In the global market, the competitive landscape of biorefineries is delineated, highlighting strong, active, niche, and trivial players. These facilities are classified based on their operations, with a focus on sustainability driving their adoption.

Industrial Biotechnology, one of the segments analyzed in the report, is projected to record 8.4% CAGR and reach US$724.5 Billion by the end of the analysis period. Growth in the Physico-Chemical Technology segment is estimated at 9.6% CAGR for the next 8-year period.

Biorefinery platforms play a crucial role in converting biomass into valuable bio-products, contributing to the industry's dynamic growth. Recent market activity indicates increased funding and scaling-up of biofuel and bio-product refinery projects, underscoring the industry's promising trajectory.

The U.S. Market is Estimated at $202.1 Billion, While China is Forecast to Grow at 10.1% CAGR

The Biorefinery market in the U.S. is estimated at US$202.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$239 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 7.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

Key Attributes:

Report AttributeDetails
No. of Pages243
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$717.4 Billion
Forecasted Market Value (USD) by 2030$1400 Billion
Compound Annual Growth Rate10.0%
Regions CoveredGlobal


  • Influencer Market Insights
  • World Market Trajectories
  • Biorefinery - Global Key Competitors Percentage Market Share in 2023 (E)
  • Biorefinery Competitor Market Share Scenario Worldwide (in %): 2020E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Biorefinery: A Prelude
  • Classification of Biorefineries
  • Biorefineries Claim Higher Sustainability Credentials over Traditional Counterparts
  • 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


  • Sustainability Drive Remains at Helm of Substantial Headwinds for Biorefinery Market
  • Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
  • Carbon Neutrality Goals of Various Countries
  • Efforts to Achieve Circular Economy
  • 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
  • Climate Change Mitigation Efforts Augments Growth Opportunities for Biorefinery Market
  • Rise in Demand for Biobased Products to Drive Growth in Biorefinery Projects
  • Select Biobased Products in Focus
  • 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
  • Astaxanthin Sales in US$ Million for Years 2020, 2022, 2024and 2027
  • Biodiesel Outlook in the Wake of Decarbonization Efforts to Spur Growth
  • Opportunity Indicators
  • Robust Growth Projected for Biodiesel Brightens the Outlook for Biorefineries: Global Market for Biofuel (In US$ Billion) for Years 2020, 2022, 2024 & 2026
  • 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
  • COVID-19 Dampens Biofuel Consumption
  • Biofuels Production Scenario
  • Global Biofuel Production (in Billion Liters)
  • Top Biofuel Producing Countries
  • 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


  • Cargill, Inc.
  • Archer Daniels Midland Company
  • Clariant International Ltd.
  • China Petroleum & Chemical Corporation (SINOPEC)
  • Elevance Renewable Sciences, Inc.
  • Aemetis, Inc.
  • Abengoa S.A.
  • Clariant AG
  • BlueFire Renewables, Inc.
  • Borregaard ASA
  • Chempolis Ltd.
  • Biodico, Inc.
  • BP Biofuels
  • Alkion BioInnovations
  • Applied Biorefinery Sciences, LLC

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