Biorefinery Market – Global Forecast To 2029
バイオリファイナリー市場 – 技術（産業バイオテクノロジー、物理化学、熱化学）、製品（エネルギー、材料）、タイプ［第一世代（トウモロコシ、植物油、サトウキビ）、第二世代、第三世代］および地域 – 2029年までの世界予測
Biorefinery Market by Technology (Industrial Biotechnology, Physico-Chemical, Thermochemical), Product (Energy, Material), Type (First Generation (Corn, Vegetable Oils, Sugarcane), Second Generation, Third Generation) and Region – Global Forecast to 2029
The biorefinery market is expected to grow from an estimated USD 212.05 billion in 2024 to USD 314.62 billion by 2029, at a CAGR of 8.2% during the forecast period.
バイオリファイナリー市場は、2024年の推定2,120億5,000万米ドルから2029年までに3,146億2,000万米ドルに、予測期間中に8.2%のCAGRで成長すると予想されています。
The biorefinery market is dominated by a few major players that have a wide regional presence. The leading players in the biorefinery market are Chevron (US), ADM (US), Valero (US), Neste (Finland), and TotalEnergies (France), among others. The major strategy adopted by the players includes new product launches, partnerships, collaboration, mergers, and investments & expansions.
The report provides insights on the following pointers:
- Analysis of key drivers (Increasing demand for biofuels and bio-based products, government initiatives and increasing need for sustainability, and technological advancements in the biorefineries are just a few of the primary drivers propelling the biorefinery market), restraints (Lack of product uncertainties, as well as costly initial capital expenditure, limit the market’s expansion), opportunities (development of advanced biofuels and circular economy initiatives), and challenges (variable and high cost of feedstock and competition from traditional fuels) influencing the growth.
- Product Development/ Innovation: The biorefinery market is seeing substantial product development and innovation, driven by rising environmental concerns. Companies are investing in improved biorefinery technology to produce advanced biofuels and bio-based products.
- Market Development: In February 2022, Versalis announced the beginning of the production of bioethanol from lignocellulosic biomass at Crescentino (Vercelli).
- Market Diversification: In July 2024, Neste and HELLENiQ ENERGY, one of Southeast Europe’s leading energy groups, collaborated to deliver blended Neste MY Sustainable Aviation Fuel to HELLENiQ ENERGY’s facilities in Thessaloniki.
- Competitive Assessment: In-depth analysis of market share, growth plans, and service offerings of top companies in the stations market, including Chevron (US), ADM (US), Valero (US), Neste (Finland), and TotalEnergies (France), among others.