Global Biorefinery Products Market by Type (Biochemical, Thermochemical), By Application (Bulk chemicals, Biomaterial, Biofuel, Pharmaceuticals and food additives) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Biorefinery Products Market size is projected to grow at a CAGR of 8.7% during the forecast period 2021-2028. As of 2018, the global biorefinery products market was worth $14 billion USD and it is projected to reach a value of $27 billion by 2028. Increasing demand for renewable energy and reducing reliance on fossil fuels has led to an increase in the production of biofuels and bioenergy which further increases the demand for biorefinery products such as biodiesel, ethanol, and hydrogen fuel cells. The increasing population growth coupled with rising disposable income levels across the Asia Pacific region is expected to have a positive impact on the global biorefinery product market size over the next few years.
Biorefinery Products are a group of chemicals and bio-products which are manufactured from biomass. Biorefinery products are renewable sources for the production of bulk chemicals, pharmaceuticals, food additives, and other goods. Biomass can be used as raw material to produce biochemicals such as ethanol through a process called biochemical conversion or it could also be transformed into fuel by thermochemical processes like gasification or pyrolysis.
Biorefinery products are the forthcoming commodity in the global chemical industry and will contribute to a significant portion of the total revenue generated by this market. Biochemicals, biofuels, and other biomass-derived chemicals such as pharmaceuticals food additives, etc., are used for industrial production.
On the basis of Type, the market is segmented into Biochemical and Thermochemical. The biochemical segment is anticipated to dominate the global market by 2028 owing to its low-level fuel cost and easy availability.
Biochemical:
Biochemicals can be produced from the process of agricultural, animal, or forestry products. Biochemicals are typically used for food additives which means they have been proven to add nutritional value and flavor to the end product, but not in a nutrient way.
Biochemicals may also go through chemical reactions without heat while retaining their original form, this process is called "cold processing". For example, citric acid (CIT) undergoes cold-processing by reacting with potassium salt (KCI), water (H20), and sugar cane juice to produce CIT crystals. These crystals are then dried into powder form before being dissolved in deionized water again prior to consumption as an ingredient at various levels depending on its usage. Biochemicals can also be found in other products like pharmaceuticals, water treatment chemicals, detergents, and cosmetics as well.
Thermochemical:
The Thermochemical segment is a product of gasification, pyrolysis, and others. This process involves using heat or catalytic reaction under high temperatures with pressure (typically greater than 100 degrees Celsius) which results in chemical conversion into different product forms that could not otherwise have been obtained through biochemical processes alone. The chemical products that are produced through thermochemical processes include ammonia, methanol, and hydrogen.
On the basis of Application, the market is segmented into Bulk Chemicals, Biomaterials, Biofuel, and Pharmaceuticals & Food Additives.
Bulk Chemicals:
The Bulk chemicals segment is the largest application for biorefineries worldwide because it has high demand from various industries such as paints and coatings, plastics production, and textiles. This type of product contains a range of different substances including monomers like styrene which can be used to produce polystyrene or acrylonitrile that could be responsible for making nitrile rubber.
Biomaterials:
Biomaterials used in orthopedics surgery procedures include platelets which can be derived from animal blood donation with less chance of infection (in comparison with using cells harvested from bone marrow). Bio-based plastics are used in the manufacturing of self-healing materials. Biomaterials are materials such as plastics, metals, or ceramics that can be used in medical treatments to replace damaged tissues and bones due to injury or disease. This growing industry will lead to increased use of biorefinery products in manufacturing biomaterials which provides a lucrative opportunity for manufacturers supplying bioethanol feedstock from different sources like corn, sugarcane, etc., In addition to providing an alternative source for biodiesel production by converting biomass into liquid fuels such as diesel.
Biofuel:
Biofuel is a renewable fuel that is produced from biomass. Biofuel can be categorized as either first-generation biofuels or second-and third-generation biofuels. First and Second Generation (Bioethanol; Biogas) are the most common types of fuels used in today’s cars and truck engines while Third Generation fuels do not exist yet commercially but are still being developed for use in transportation.
On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American market is expected to dominate the global market in terms of revenue, owing to its large production capacity and high consumption rate. The Asia Pacific market is expected to grow at the fastest CAGR due to its large production base for biomass-based products. In terms of volume, Latin America will witness high demand for biorefinery products because of environmental and economic issues.
Growth Factors For The Global Biorefinery Products Market:
The market is driven by a growing need for sustainable fuel, which has given rise to biofuel demand, and the consequent increase in production of other renewable energy sources like electricity through thermochemical processes. Growth in customer awareness about environmental sustainability also aids growth as consumer preferences shift from traditional fossil fuels to cleaner options such as renewables. Technological developments will result in improved product efficacy over time, and emerging economies with vast biomass resources are expected to drive future industry expansion on account of their relatively low-cost raw materials.
Industry Challenges:
High production costs and the lack of efficient methods to collect biomass are some challenges faced by this industry. The value chain is also fragmented, with many small players in all segments, which makes it difficult for market participants to enjoy economies of scale benefits. Regulatory uncertainties regarding the mandatory use of biofuel as a fuel source limit opportunities for growth in certain markets such as Europe and North America.
Up Market Research published a new report titled “Biorefinery Products Market research report which is segmented by Types (Biochemical, Thermochemical), By Applications (Bulk chemicals, Biomaterial, Biofuel, Pharmaceuticals and food additives), By Players/Companies Abengoa Bioenergy Corp, Pacific Ethanol, Neste Oil OYJ, Renewable Energy Group, UOP LLC, Valero Energy Corp”.
Report Scope
Report Attributes | Report Details |
Report Title | Biorefinery Products Market Research Report |
By Type | Biochemical, Thermochemical |
By Application | Bulk chemicals, Biomaterial, Biofuel, Pharmaceuticals and food additives |
By Companies | Abengoa Bioenergy Corp, Pacific Ethanol, Neste Oil OYJ, Renewable Energy Group, UOP LLC, Valero Energy Corp |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 219 |
Number of Tables & Figures | 154 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Biorefinery Products Market Report Segments:
The market is segmented by Type Biochemical, Thermochemical and By Application Bulk chemicals, Biomaterial, Biofuel, Pharmaceuticals and food additives.
Some of the companies that are profiled in this report are:
- Abengoa Bioenergy Corp
- Pacific Ethanol
- Neste Oil OYJ
- Renewable Energy Group
- UOP LLC
- Valero Energy Corp
Biorefinery Products Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Biorefinery Products Market
Overview of the regional outlook of the Biorefinery Products Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Biorefinery Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Biorefinery Products Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Biochemical
2. Thermochemical
7. By Application:1. Bulk chemicals
2. Biomaterial
3. Biofuel
4. Pharmaceuticals and food additives
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biorefinery Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Biorefinery Products Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biorefinery Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biorefinery Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biorefinery Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biorefinery Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biorefinery Products Market Size & Forecast, 2018-2028
4.5.1 Biorefinery Products Market Size and Y-o-Y Growth
4.5.2 Biorefinery Products Market Absolute $ Opportunity
Chapter 5 Global Biorefinery Products Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Biorefinery Products Market Size Forecast by Type
5.2.1 Biochemical
5.2.2 Thermochemical
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biorefinery Products Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Biorefinery Products Market Size Forecast by Applications
6.2.1 Bulk chemicals
6.2.2 Biomaterial
6.2.3 Biofuel
6.2.4 Pharmaceuticals and food additives
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biorefinery Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biorefinery Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Biorefinery Products Analysis and Forecast
9.1 Introduction
9.2 North America Biorefinery Products Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Biorefinery Products Market Size Forecast by Type
9.6.1 Biochemical
9.6.2 Thermochemical
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Biorefinery Products Market Size Forecast by Applications
9.10.1 Bulk chemicals
9.10.2 Biomaterial
9.10.3 Biofuel
9.10.4 Pharmaceuticals and food additives
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Biorefinery Products Analysis and Forecast
10.1 Introduction
10.2 Europe Biorefinery Products Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Biorefinery Products Market Size Forecast by Type
10.6.1 Biochemical
10.6.2 Thermochemical
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Biorefinery Products Market Size Forecast by Applications
10.10.1 Bulk chemicals
10.10.2 Biomaterial
10.10.3 Biofuel
10.10.4 Pharmaceuticals and food additives
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Biorefinery Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biorefinery Products Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Biorefinery Products Market Size Forecast by Type
11.6.1 Biochemical
11.6.2 Thermochemical
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Biorefinery Products Market Size Forecast by Applications
11.10.1 Bulk chemicals
11.10.2 Biomaterial
11.10.3 Biofuel
11.10.4 Pharmaceuticals and food additives
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Biorefinery Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Biorefinery Products Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Biorefinery Products Market Size Forecast by Type
12.6.1 Biochemical
12.6.2 Thermochemical
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Biorefinery Products Market Size Forecast by Applications
12.10.1 Bulk chemicals
12.10.2 Biomaterial
12.10.3 Biofuel
12.10.4 Pharmaceuticals and food additives
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Biorefinery Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biorefinery Products Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Biorefinery Products Market Size Forecast by Type
13.6.1 Biochemical
13.6.2 Thermochemical
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Biorefinery Products Market Size Forecast by Applications
13.10.1 Bulk chemicals
13.10.2 Biomaterial
13.10.3 Biofuel
13.10.4 Pharmaceuticals and food additives
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biorefinery Products Market: Competitive Dashboard
14.2 Global Biorefinery Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abengoa Bioenergy Corp
14.3.2 Pacific Ethanol
14.3.3 Neste Oil OYJ
14.3.4 Renewable Energy Group
14.3.5 UOP LLC
14.3.6 Valero Energy Corp