About Biorefinery Applications
Biorefinery can be defined as the optimized use of biomass for materials, chemicals, fuels, and energy applications. It cellulose, hemicellulose, and lignin from agricultural, forestry, and municipal waste sources for the production of various types of bio-products. In todays time renewable and clean-burning, biodiesel is an increasingly attractive alternative to conventional fuels to reduce emission and climate impact. The integration of biowaste into the cutting-edge circular economy has the potential to significantly increase the production of sustainable bioproducts and bioenergy and reduce the import of crude oil from other countries.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Biorefinery Applications market throughout the forecasted period. 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.
Cargill (United States), Clariant AG (Switzerland), ADM (United States), Abengoa (Spain), Bp Biofuels (United Kingdom), Louis Dreyfus (Netherlands), Alto Ingredients, Inc. (United States), Green Plains Inc. (United States), Marseglia Group (Italy), Aemetis, Inc. (United States) and Neste (Finland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Biorefinery Applications market by Type (Lignocellulose Refining, Whole Grain Refining and Green Refining), Application (Biofuels, Energy Fromfoodstock, Non-food Energy Crops and Others) and Region.
On the basis of geography, the market of Biorefinery Applications 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 Conversion Process, the sub-segment i.e. Biological Conversion will boost the Biorefinery Applications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Oil & Gas will boost the Biorefinery Applications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Investment in R&D Activities for Creation of Innovative Biomass Solutions that Increase Performance and Reduce Cost
Market Growth Drivers:
Increasing Demand to Reduce Consumption of Gasoline and Diesel Fuel Made From Crude Oil and Unstable Oil Prices, Global Warming and Government Initiative to Increase Biofuel Share Will Create Strong Demand
Challenges:
High Cost of Furfural Compared to the Crude Oil
Restraints:
High Adoption of Chemicals and Polymers Derived from Fossil-Based Feedstocks, Predominantly Oil and Gas
Opportunities:
Increasing Use of Thermo-chemical Process for the Conversion of Fatty Acids to Biodiesel and Jet Fuel
Market Leaders and their expansionary development strategies
In July 2021, Summit Agricultural Group agreed to acquire Phillipsburg, Kan.-based biorefinery Prairie Horizon to meet the rising demand for high protein ingredients and innovative feed products coupled with renewable fuels. Prairie Horizon is a renewable fuel corn ethanol producer. With this acquisition, Summit will become the largest wheat protein producer in North America by building a wheat protein ingredients facility and retrofit the existing corn-based ethanol plant to produce ethanol from wheat starch.
In September 2023, DuPont launched its new Biorefinery Optimization Services. These services are designed to help biorefineries improve their efficiency and profitability by optimizing their processes and operations.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Biorefinery Application Manufacturers, Raw Material Suppliers & Distributors of Biorefinery Application, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users 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.