About Biorefinery
A biorefinery is a facility that integrates biomass conversion processes and equipment to supply fuels, power, and added chemicals from biomass. The biorefinery is analogous to today’s oil refinery that produces multiple fuels and products from fossil fuel. By manufacturing much product, a biorefinery takes advantage of the assorted parts in biomass and their intermediates, thus maximizing the worth derived from the biomass feedstock.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for the Biorefinery is fragmented by global market players to focus and meet the demand of fuel by working and investing in bio-fuel (organic fuel) in order to slow down usage and meet demands for depleting natural fuels. Emerging players should invest in R&D for recycling and creating more economical and effective refineries due to involved high costs. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abengoa (Spain), Agrivida, Inc. (United States), Amyris (United States), ADM (United States), Cargill, Incorporated (United States), Braskem (Brazil), Codexis Inc. (United States), DSM (United States), DuPont (United States) and Sofiprotéol (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Genomatica, Inc. (United States) and GFBiochemicals Ltd. (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Biorefinery market by , Application (Bulk chemicals, Biomaterial, Biofuel and Pharmaceuticals and food additives) and Region.
On the basis of geography, the market of Biorefinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Product, the sub-segment i.e. Energy-driven Biorefinery Systems will boost the Biorefinery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Conversion Process, the sub-segment i.e. Mechanical/physical will boost the Biorefinery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Raw Material, the sub-segment i.e. Agricultural Biomass will boost the Biorefinery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Biomass-based product has triggered interest from various end-use industries together with agriculture, transportation, chemicals, and aviation.
Market Growth Drivers:
Globally Depleting Natural Energy Resources Causing Bio-Fuels in Order to Cater Fuel Demand. and Biorefineries act as a platform for manufacturing various biomass-derived products that are capable of interchange fossil fuel-based products.
Challenges:
Establishment of Necessary Infrastructure for the Biorefinery. and Unexpected Up-Surge in Crude oil and Natural gas prices.
Restraints:
Slow Rate of Reaction during Production of End Products.
Opportunities:
An increase in Pollution will increase the Usage of Bio-refined Products.
Market Leaders and their expansionary development strategies
In March 2021, Amyris Inc., a leading synthetic biotechnology company active within the Clean Health and wonder markets through its client brands and a huge provider of property and natural ingredients, announced that it has entered into an agreement for the acquisition of Costa Brazil. Accelerating growth and market share in clean beauty is the sole purpose of this acquisition.
In Jan. 2021, Royal DSM, a world science-based company in Nutrition, Health and property Living, and TU Delft, graded among the highest universities in biotechnology analysis globally, announced the institution of the substitute Intelligence laboratory for Biosciences. This laboratory the first primary of its kind in Europe to use computer science (AI) to all-out biomanufacturing, from microorganism strain development to method improvement and programming.
Key Target Audience
Bio-Refineries Manufacturers, Bio-Fuel Suppliers, Bio-Fuel traders, Government Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.