Bio-refinery Market

Bio-refinery Market (Type: First Generation, Second Generation, and Third Generation; Feedstock: Dedicated Crops and Residues; Technology: Thermochemical, Biochemical, Chemical, and Physical/Mechanical) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Bio-refinery Market Outlook 2031

  • The global industry was valued at US$ 122.0 Bn in 2022
  • It is estimated to advance at a CAGR of 9.1% from 2023 to 2031 and reach US$ 267.2 Bn by the end of 2031

Analysts’ Viewpoint

Increase in need to explore sustainable options to convert waste into value-added chemicals and energy products for future sustainability is driving the global bio-refinery market. Current energy requirements of various end-use industries rely on utilization of fossil-energy resources. Rise in conversion of dedicated/waste feedstock into energy to fulfill energy demand is expected to propel market expansion during the forecast period. Furthermore, surge in demand to lower GHGs footprint and reduce reliance on fossil resources is likely to bolster market development.

Efficient utilization of biomass, including wastes and side streams, to produce sustainable high value-added products such as biomaterials, feed, and bioenergy offer significant opportunities to market players. Companies are focusing on development of more effective and cost-efficient production processes in order to increase market share.

Bio Refinery Market

Bio-refinery Market Overview

Bio-refinery is a processing plant where biomass feedstock is converted and/or extracted into a wide range of valuable products. It integrates biomass conversion processes and equipment to produce power, chemicals, fuels, and other bio-based products. Bio-refineries are utilizing renewable biomass as a resource to produce various chemicals. Furthermore, several value-added chemical products and polymers produced in a bio-refinery have been commercialized.

Chemicals and materials can be produced in a single product process bio-refinery. However, production in an integrated bio-refinery, which produces both bio-based products and energy, such as fuel, power, and heat, is a superior approach for sustainable valorization of biomass. Hence, production of renewable chemicals in bio-refineries is expected to increase in the next few years.

Enforcement of Stringent Environmental Regulations to Boost Investment

The impact of petroleum-based fuels and other products on environment has been drastic in the last few decades owing to rapid economic developments across the world. This has prompted regulatory bodies of major countries to enforce stringent regulations to curb pollution. Consequently, there has been a shift from fossil-based fuels and other products to environmental-friendly fuels. This, in turn, has increased investment in cleaner fuels and products in order to reduce carbon emissions.

Several countries have increased usage of renewable sources of energy to generate energy and power, and produce other materials. Usage of biomass to produce biogas, biofuels, and other bio-based products, which follows a holistic approach of converting waste to energy, is also being encouraged. This has propelled demand for bio-refineries. Furthermore, the need for sustainably-sourced chemicals has increased demand for bio-based chemicals production. These factors are expected to bolster global bio-refinery market demand during the forecast period.

Advancements in Technology

Advancements in bio-refinery technology have led to efficient and cost-effective production processes. This has increased investment in bio-refineries and enabled development of larger-scale operations. Advanced bioprocessing technologies such as enzymatic hydrolysis, fermentation, and separation have been developed to convert biomass into high-value products. These technologies have increased yields, reduced processing times, and minimized waste.

Integration of biorefineries with renewable energy is increasingly employed to reduce reliance on fossil fuels and improve sustainability. This has led to increased efficiency & lower costs, diversification of product offerings, improved sustainability, increased investment, and positive impact on rural economies. Hence, technological advancements have fueled global bio-refinery industry growth.

Use of Range of Non-Food Feedstock in Second Generation Bio-refineries

In terms of type, the second generation segment dominated the global market in 2022. Second generation bio-refineries use a range of non-food feedstock such as agricultural and forestry residues, municipal solid waste, and other biomass wastes, which are widely available and do not compete with food production. Additionally, technologies for producing biofuels and bioproducts from these feedstock are relatively mature and have been scaled up to commercial levels. These are also considered more sustainable compared to first-generation bio-refineries, as these avoid the use of food crops as feedstock, which could result in land-use change and food security issues.

Adoption of third-generation bio-refineries that use algae as a feedstock is also increase. Algae have the potential to produce a range of products, including biofuels, food, and high-value chemicals.

Reduction of Waste and Greenhouse Gas Emissions Driving Residues Segment

Based on feedstock, the residues segment accounted for largest global bio-refinery market share in 2022. Usage of residue feedstock in bio-refineries offers benefits such as reduction of waste and greenhouse gas emissions, low-cost, and sustainable agriculture & forestry practices. The residues segment has been divided into lignocellulosic-based, oil-based, organic-based, and others.

Lignocellulosic biomass is the most widely used feedstock in bio-refineries. It includes agricultural & forestry residues, energy crops, and other non-food biomass wastes. This type of feedstock is commonly used in second-generation bio-refineries, which have been developed to avoid the use of food crops as feedstock and minimize competition with food production. Lignocellulosic biomass is abundant and widely available, and its usage in bio-refineries helps reduce waste, promote sustainability, and create value-added products. It can be converted into a range of products, such as biofuels, biochemicals, and bioplastics, using various technologies such as enzymatic hydrolysis, fermentation, and thermochemical conversion.

Production of Higher Energy Yields Propelling Thermochemical Segment

Based on technology, the thermochemical segment dominated the global market in 2022. The thermochemical process involves the use of heat and chemical reactions to convert biomass into products such as biofuels, biochemicals, and bioplastics. Examples of thermochemical conversion processes include pyrolysis, gasification, and liquefaction. It can handle a range of feedstock, including lignocellulosic biomass, agricultural residues, forestry residues, and waste materials.

Thermochemical bio-refinery technologies offer several advantages over other conversion technologies. These can handle a range of feedstock and produce various products, including biofuels, biochemicals, and bioplastics. Thermochemical conversion also has the potential to produce higher energy yields and provision for byproduct utilization such as char and biochar that can be used as soil amendments or for other applications.

Regional Outlook

As per bio-refinery market trends, North America dominated the global market in 2022. The region has been at the forefront of bio-refinery research & development, and led the development of new and innovative technologies for converting biomass into bio-based products. Bio-refinery companies in the region are producing high-quality products at competitive prices. The U.S. and Canada are home to leading bio-refinery companies. This is ascribed to favorable government policies and initiatives to promote the development and usage of renewable energy sources, including bio-based products. These policies provide incentives, tax credits, and grants to bio-refinery companies.

Analysis of Key Players

The global bio-refinery market is fragmented, with the presence of large number of players. Major multinational companies dominated the market, while smaller companies and start-ups are developing innovative bio-refinery technologies and products. Bio-refinery companies focus on technological and product innovations, R&D activities, and business expansion through collaboration and acquisitions in order to increase presence and position in the market. Abengoa Bioenergy, Archer Daniels Midland, Borregaard, BASF, and DuPont, Novozymes, POET LLC, UPM Biochemicals, Valero Energy Corporation, and Wilmar International are the prominent players operating in the industry.

Key Developments in Global Bio-refinery Market

  • In March 2023, Canada Infrastructure Bank (CIB) announced investment in a carbon recycling facility in Quebec run by a joint-venture backed by Shell and Suncor Energy, Inc. It is expected to generate hydrogen and oxygen by using electrolysis to convert non-recyclable waste and residual biomass into biofuels with a capacity of up to 130 million liters annually. Proman and the Government of Quebec are also partners in the joint venture running the facility in Varennes.
  • In February 2023, Eni Sustainable Mobility and PBF Energy, Inc. signed an agreement to partner in a 50-50 joint venture, St. Bernard Renewables LLC (SBR), for the bio-refinery currently under construction co-located with PBF's Chalmette Refinery in Louisiana (US). Eni Sustainable Mobility will provide expertise in bio-refining operations, supply and marketing, while PBF will bring its strong industrial know-how in the U.S. and as the contributor of the bio-refinery, will continue to manage project execution and serve as the operator once the construction is completed.

Global Bio-refinery Market Snapshot

Attribute

Detail

Market Size Value in 2022

US$ 122.0 Bn

Market Forecast Value in 2031

US$ 267.2 Bn

Growth Rate (CAGR)

9.1%

Forecast Period

2023–2031

Historical Data Available for

2020

Quantitative Units

US$ Bn For Value

Market Analysis

It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Example: Electronic (PDF) + Excel

Market Segmentation

  • Type
    • First Generation
    • Second Generation
    • Third Generation
  • Feedstock
    • Dedicated Crops
      • Oil Crops
      • Starch Crops
      • Sugar Crops
      • Lignocellulosic Crops
      • Others
    • Residues
      • Lignocellulosic-based
      • Oil-based
      • Organic-based
      • Others
  • Technology
    • Thermochemical
    • Biochemical
    • Chemical
    • Physical/Mechanical
  • Product
    • Energy
    • Chemical
    • Material
    • Others

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
  • GCC
  • South Africa
  • Rest of Middle East & Africa
  • Brazil
  • Mexico
  • Rest of Latin America

Companies Profiled (Potential Manufacturers)

  • Abengoa Bioenergy
  • Archer Daniels Midland
  • BASF
  • Borregaard
  • DuPont
  • Novozymes
  • POET LLC
  • UPM Biochemicals
  • Valero Energy Corporation
  • Wilmar International

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global bio-refinery market in 2022?

The global market stood at US$ 122.0 Bn in 2022

How is the market expected to grow by 2031?

It is projected to grow at a CAGR of 9.1% from 2023 to 2031

What are the key drivers of the bio-refinery market?

Enforcement of stringent environmental regulations to boost investments and advancements in technology are expected to drive the industry

Which was the largest segment of the market in 2022?

The second-generation segment held the largest share in 2022.

Which was the most lucrative region in 2022?

North America was the most lucrative region of the global bio-refinery market in 2022

Who are the prominent players in the bio-refinery market?

Abengoa Bioenergy, Archer Daniels Midland, Borregaard, BASF, and DuPont, Novozymes, POET LLC, UPM Biochemicals, Valero Energy Corporation, and Wilmar International are the prominent players in the market

    1. Executive Summary

        1.1. Global Market Outlook

        1.2. Demand Side Trends

        1.3. Key Facts and Figures

        1.4. Trends Impacting Market

        1.5. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Market Segmentation

        2.2. Key Developments

        2.3. Market Definitions

        2.4. Key Market Trends

        2.5. Market Dynamics

            2.5.1. Drivers

            2.5.2. Restraints

            2.5.3. Opportunities

        2.6. Global Bio-refinery Market Analysis and Forecast, 2022-2031

            2.6.1. Global Bio-refinery Market Revenue (US$ Bn)

        2.7. Porter’s Five Forces Analysis

        2.8. Regulatory Landscape

        2.9. Value Chain Analysis

            2.9.1. List of Equipment Providers

            2.9.2. List of Service Providers

            2.9.3. List of Potential Customers

        2.10. Product Specification Analysis

        2.11. Cost Structure Analysis

    3. COVID-19 Impact Analysis

        3.1. Impact on the Supply Chain of the Bio-refinery  

        3.2. Impact on the Demand of Bio-refinery – Pre & Post Crisis

    4. Impact of Current Geopolitical Scenario on Market

    5. Production Output Analysis (Million Tons)

        5.1. North America

        5.2. Europe

        5.3. Asia Pacific

        5.4. Latin America

        5.5. Middle East and Africa

    6. Price Trend Analysis and Forecast (US$/Ton), 2022-2031

        6.1. Price Comparison Analysis by Type

        6.2. Price Comparison Analysis by Region

    7. Global Bio-refinery Market Analysis and Forecast, by Type, 2022–2031

        7.1. Introduction and Definitions

        7.2. Global Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            7.2.1. First Generation

            7.2.2. Second Generation

            7.2.3. Third Generation

        7.3. Global Bio-refinery Market Attractiveness, by Type

    8. Global Bio-refinery Market Analysis and Forecast, by Feedstock, 2022–2031

        8.1. Introduction and Definitions

        8.2. Global Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            8.2.1. Dedicated Crops

                8.2.1.1. Oil Crops

                8.2.1.2. Starch Crops

                8.2.1.3. Sugar Crops

                8.2.1.4. Lignocellulosic Crops

                8.2.1.5. Others

            8.2.2. Residues

                8.2.2.1. Lignocellulosic-based

                8.2.2.2. Oil-based

                8.2.2.3. Organic-based

                8.2.2.4. Others

        8.3. Global Bio-refinery Market Attractiveness, by Feedstock

    9. Global Bio-refinery Market Analysis and Forecast, Technology, 2022–2031

        9.1. Introduction and Definitions

        9.2. Global Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            9.2.1. Thermochemical

            9.2.2. Biochemical

            9.2.3. Chemical

            9.2.4. Physical/Mechanical

        9.3. Global Bio-refinery Market Attractiveness, by Technology

    10. Global Bio-refinery Market Analysis and Forecast, Product, 2022–2031

        10.1. Introduction and Definitions

        10.2. Global Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2022–2031

            10.2.1. Energy

            10.2.2. Chemical

            10.2.3. Material

            10.2.4. Others

        10.3. Global Bio-refinery Market Attractiveness, by Product

    11. Global Bio-refinery Market Analysis and Forecast, by Region, 2022–2031

        11.1. Key Findings

        11.2. Global Bio-refinery Market Value (US$ Bn) Forecast, by Region, 2022–2031

            11.2.1. North America

            11.2.2. Europe

            11.2.3. Asia Pacific

            11.2.4. Latin America

            11.2.5. Middle East & Africa

        11.3. Global Bio-refinery Market Attractiveness, by Region

    12. North America Bio-refinery Market Analysis and Forecast, 2022–2031

        12.1. Key Findings

        12.2. North America Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

        12.3. North America Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

        12.4. North America Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

        12.5. North America Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2022–2031

        12.6. North America Bio-refinery Market Value (US$ Bn) Forecast, by Country, 2022–2031

            12.6.1. U.S. Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            12.6.2. U.S. Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            12.6.3. U.S. Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            12.6.4. U.S. Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            12.6.5. Canada Bio-refinery Market Value (US$ Bn) Forecast, by Type Feedstock, 2022–2031

            12.6.6. Canada Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            12.6.7. Canada Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            12.6.8. Canada Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

        12.7. North America Bio-refinery Market Attractiveness Analysis

    13. Europe Bio-refinery Market Analysis and Forecast, 2022–2031

        13.1. Key Findings

        13.2. Europe Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

        13.3. Europe Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

        13.4. Europe Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

        13.5. Europe Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2022–2031

        13.6. Europe Bio-refinery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031

            13.6.1. Germany Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            13.6.2. Germany Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            13.6.3. Germany Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            13.6.4. Germany. Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            13.6.5. France Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            13.6.6. France Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            13.6.7. France Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            13.6.8. France. Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            13.6.9. U.K. Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            13.6.10. U.K. Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            13.6.11. U.K. Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            13.6.12. U.K. Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            13.6.13. Italy Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            13.6.14. Italy. Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            13.6.15. Italy Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            13.6.16. Italy Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            13.6.17. Russia & CIS Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            13.6.18. Russia & CIS Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            13.6.19. Russia & CIS Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            13.6.20. Russia & CIS Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            13.6.21. Rest of Europe Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            13.6.22. Rest of Europe Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            13.6.23. Rest of Europe Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            13.6.24. Rest of Europe Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

        13.7. Europe Bio-refinery Market Attractiveness Analysis

    14. Asia Pacific Bio-refinery Market Analysis and Forecast, 2022–2031

        14.1. Key Findings

        14.2. Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Type

        14.3. Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

        14.4. Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

        14.5. Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2022–2031

        14.6. Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031

            14.6.1. China Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            14.6.2. China Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            14.6.3. China Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            14.6.4. China Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            14.6.5. Japan Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            14.6.6. Japan Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            14.6.7. Japan Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            14.6.8. Japan Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            14.6.9. India Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            14.6.10. India Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            14.6.11. India Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            14.6.12. India Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            14.6.13. ASEAN Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            14.6.14. ASEAN Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            14.6.15. ASEAN Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            14.6.16. ASEAN Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            14.6.17. Rest of Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            14.6.18. Rest of Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            14.6.19. Rest of Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            14.6.20. Rest of Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

        14.7. Asia Pacific Bio-refinery Market Attractiveness Analysis

    15. Latin America Bio-refinery Market Analysis and Forecast, 2022–2031

        15.1. Key Findings

        15.2. Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Type Feedstock, 2022–2031

        15.3. Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

        15.4. Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

        15.5. Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2022–2031

        15.6. Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031

            15.6.1. Brazil Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            15.6.2. Brazil Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            15.6.3. Brazil Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            15.6.4. Brazil Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            15.6.5. Mexico Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            15.6.6. Mexico Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            15.6.7. Mexico Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            15.6.8. Mexico Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            15.6.9. Rest of Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            15.6.10. Rest of Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            15.6.11. Rest of Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            15.6.12. Rest of Latin America Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

        15.7. Latin America Bio-refinery Market Attractiveness Analysis

    16. Middle East & Africa Bio-refinery Market Analysis and Forecast, 2022–2031

        16.1. Key Findings

        16.2. Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

        16.3. Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

        16.4. Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

        16.5. Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2022–2031

        16.6. Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031

            16.6.1. GCC Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            16.6.2. GCC Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            16.6.3. GCC Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            16.6.4. GCC Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            16.6.5. South Africa Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            16.6.6. South Africa Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            16.6.7. South Africa Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            16.6.8. South Africa Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

            16.6.9. Rest of Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2022–2031

            16.6.10. Rest of Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2022–2031

            16.6.11. Rest of Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2022–2031

            16.6.12. Rest of Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, Product, 2022–2031

        16.7. Middle East & Africa Bio-refinery Market Attractiveness Analysis

    17. Competition Landscape

        17.1. Market Players - Competition Matrix (by Tier and Size of Companies)

        17.2. Market Share Analysis, 2022

        17.3. Market Footprint Analysis

            17.3.1. By Type

            17.3.2. By Product

        17.4. Company Profiles

            17.4.1. Abengoa Bioenergy

                17.4.1.1. Company Revenue

                17.4.1.2. Business Overview

                17.4.1.3. Product Segments

                17.4.1.4. Geographic Footprint

                17.4.1.5. Production Feedstock/Plant Details, etc. (*As Applicable)

                17.4.1.6. Strategic Partnership, Feedstock Expansion, New Product Innovation etc.

            17.4.2. Archer Daniels Midland

                17.4.2.1. Company Revenue

                17.4.2.2. Business Overview

                17.4.2.3. Product Segments

                17.4.2.4. Geographic Footprint

                17.4.2.5. Production Feedstock/Plant Details, etc. (*As Applicable)

                17.4.2.6. Strategic Partnership, Feedstock Expansion, New Product Innovation etc.

            17.4.3. BASF

                17.4.3.1. Company Revenue

                17.4.3.2. Business Overview

                17.4.3.3. Product Segments

                17.4.3.4. Geographic Footprint

                17.4.3.5. Production Feedstock/Plant Details, etc. (*As Applicable)

                17.4.3.6. Strategic Partnership, Feedstock Expansion, New Product Innovation etc.

            17.4.4. Borregaard

                17.4.4.1. Company Revenue

                17.4.4.2. Business Overview

                17.4.4.3. Product Segments

                17.4.4.4. Geographic Footprint

                17.4.4.5. Production Feedstock/Plant Details, etc. (*As Applicable)

                17.4.4.6. Strategic Partnership, Feedstock Expansion, New Product Innovation etc.

            17.4.5. DuPont

                17.4.5.1. Company Revenue

                17.4.5.2. Business Overview

                17.4.5.3. Product Segments

                17.4.5.4. Geographic Footprint

                17.4.5.5. Production Feedstock/Plant Details, etc. (*As Applicable)

                17.4.5.6. Strategic Partnership, Feedstock Expansion, New Product Innovation etc.

            17.4.6. Novozymes

                17.4.6.1. Company Revenue

                17.4.6.2. Business Overview

                17.4.6.3. Product Segments

                17.4.6.4. Geographic Footprint

                17.4.6.5. Production Feedstock/Plant Details, etc. (*As Applicable)

                17.4.6.6. Strategic Partnership, Feedstock Expansion, New Product Innovation etc.

            17.4.7. POET LLC

                17.4.7.1. Company Revenue

                17.4.7.2. Business Overview

                17.4.7.3. Product Segments

                17.4.7.4. Geographic Footprint

                17.4.7.5. Production Feedstock/Plant Details, etc. (*As Applicable)

                17.4.7.6. Strategic Partnership, Feedstock Expansion, New Product Innovation etc.

            17.4.8. UPM Biochemicals

                17.4.8.1. Company Revenue

                17.4.8.2. Business Overview

                17.4.8.3. Product Segments

                17.4.8.4. Geographic Footprint

                17.4.8.5. Production Feedstock/Plant Details, etc. (*As Applicable)

                17.4.8.6. Strategic Partnership, Feedstock Expansion, New Product Innovation etc.

            17.4.9. Valero Energy Corporation

                17.4.9.1. Company Revenue

                17.4.9.2. Business Overview

                17.4.9.3. Product Segments

                17.4.9.4. Geographic Footprint

                17.4.9.5. Production Feedstock/Plant Details, etc. (*As Applicable)

                17.4.9.6. Strategic Partnership, Feedstock Expansion, New Product Innovation etc.

            17.4.10. Wilmar International

                17.4.10.1. Company Revenue

                17.4.10.2. Business Overview

                17.4.10.3. Product Segments

                17.4.10.4. Geographic Footprint

                17.4.10.5. Production Feedstock/Plant Details, etc. (*As Applicable)

                17.4.10.6. Strategic Partnership, Feedstock Expansion, New Product Innovation etc.

    18. Primary Research: Key Insights

    19. Appendix

    List of Tables

    Table 1: Global Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 2: Global Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 3: Global Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 4: Global Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 5: Global Bio-refinery Market Value (US$ Bn) Forecast, by Region, 2020-2031

    Table 6: North America Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 7: North America Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 8: North America Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 9: North America Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 10: North America Bio-refinery Market Value (US$ Bn) Forecast, by Country, 2020-2031

    Table 11: U.S. Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 12: U.S. Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 13: U.S. Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 14: U.S. Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 15: Canada Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 16: Canada Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 17: Canada Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 18: Canada Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 19: Europe Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 20: Europe Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 21: Europe Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 22: Europe Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 23: Europe Bio-refinery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

    Table 24: Germany Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 25: Germany Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 26: Germany Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 27: Germany Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 28: France Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 29: France Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 30: France Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 31: France Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 32: U.K. Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 33: U.K. Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 34: U.K. Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 35: U.K. Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 36: Italy Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 37: Italy Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 38: Italy Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 39: Italy Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 40: Spain Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 41: Spain Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 42: Spain Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 43: Spain Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 44: Russia & CIS Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 45: Russia & CIS Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 46: Russia & CIS Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 47: Russia & CIS Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 48: Rest of Europe Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 49: Rest of Europe Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 50: Rest of Europe Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 51: Rest of Europe Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 52: Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 53: Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 54: Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 55: Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 56: Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

    Table 57: China Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 58: China Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 59: China Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 60: China Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 61: Japan Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 62: Japan Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 63: Japan Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 64: Japan Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 65: India Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 66: India Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 67: India Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 68: India Bio-refinery Market Value (US$ Bn) Forecast, by Product 2020-2031

    Table 69: ASEAN Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 70: ASEAN Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 71: ASEAN Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 72: ASEAN Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 73: Rest of Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 74: Rest of Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 75: Rest of Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 76: Rest of Asia Pacific Bio-refinery Market Value (US$ Bn) Forecast, by Product 2020-2031

    Table 77: Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 78: Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 79: Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 80: Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Product 2020-2031

    Table 81: Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

    Table 82: Brazil Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 83: Brazil Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 84: Brazil Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 85: Brazil Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 86: Mexico Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 87: Mexico Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 88: Mexico Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 89: Mexico Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 90: Rest of Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 91: Rest of Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 92: Rest of Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 93: Rest of Latin America Bio-refinery Market Value (US$ Bn) Forecast, by Product 2020-2031

    Table 94: Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 95: Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 96: Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 97: Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Product 2020-2031

    Table 98: Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

    Table 99: GCC Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 100: GCC Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 101: GCC Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 102: GCC Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    Table 103: South Africa Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 104: South Africa Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 105: South Africa Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 106: South Africa Bio-refinery Market Value (US$ Bn) Forecast, by Product 2020-2031

    Table 107: Rest of Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Type, 2020-2031

    Table 108: Rest of Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Feedstock, 2020-2031

    Table 109: Rest of Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Technology, 2020-2031

    Table 110: Rest of Middle East & Africa Bio-refinery Market Value (US$ Bn) Forecast, by Product, 2020-2031

    List of Figures

    Figure 1: Global Bio-refinery Market Volume Share Analysis, by Type, 2022, 2027, and 2031

    Figure 2: Global Bio-refinery Market Attractiveness, by Type

    Figure 3: Global Bio-refinery Market Volume Share Analysis, by Feedstock, 2022, 2027, and 2031

    Figure 4: Global Bio-refinery Market Attractiveness, by Feedstock

    Figure 5: Global Bio-refinery Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 6: Global Bio-refinery Market Attractiveness, by Technology

    Figure 7: Global Bio-refinery Market Volume Share Analysis, by Product, 2022, 2027, and 2031

    Figure 8: Global Bio-refinery Market Attractiveness, by Product

    Figure 9: Global Bio-refinery Market Volume Share Analysis, by Region, 2022, 2027, and 2031

    Figure 10: Global Bio-refinery Market Attractiveness, by Region

    Figure 11: North America Bio-refinery Market Volume Share Analysis, by Type, 2022, 2027, and 2031

    Figure 13: North America Bio-refinery Market Attractiveness, by Type

    Figure 14: North America Bio-refinery Market Volume Share Analysis, by Feedstock, 2022, 2027, and 2031

    Figure 15: North America Bio-refinery Market Attractiveness, by Feedstock

    Figure 16: North America Bio-refinery Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 17: North America Bio-refinery Market Attractiveness, by Technology

    Figure 18: North America Bio-refinery Market Volume Share Analysis, by Product, 2022, 2027, and 2031

    Figure 19: North America Bio-refinery Market Attractiveness, by Product

    Figure 20: North America Bio-refinery Market Attractiveness, by Country and Sub-region

    Figure 21: Europe Bio-refinery Market Volume Share Analysis, by Type, 2022, 2027, and 2031

    Figure 22: Europe Bio-refinery Market Attractiveness, by Type

    Figure 23: Europe Bio-refinery Market Volume Share Analysis, by Feedstock, 2022, 2027, and 2031

    Figure 24: Europe Bio-refinery Market Attractiveness, by Feedstock

    Figure 25: Europe Bio-refinery Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 26: Europe Bio-refinery Market Attractiveness, by Technology

    Figure 27: Europe Bio-refinery Market Volume Share Analysis, by Product, 2022, 2027, and 2031

    Figure 28: Europe Bio-refinery Market Attractiveness, by Product

    Figure 29: Europe Bio-refinery Market Volume Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

    Figure 30: Europe Bio-refinery Market Attractiveness, by Country and Sub-region

    Figure 31: Asia Pacific Bio-refinery Market Volume Share Analysis, by Type, 2022, 2027, and 2031

    Figure 32: Asia Pacific Bio-refinery Market Attractiveness, by Type

    Figure 33: Asia Pacific Bio-refinery Market Volume Share Analysis, by Feedstock, 2022, 2027, and 2031

    Figure 34: Asia Pacific Bio-refinery Market Attractiveness, by Feedstock

    Figure 35: Asia Pacific Bio-refinery Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 36: Asia Pacific Bio-refinery Market Attractiveness, by Technology

    Figure 33: Asia Pacific Bio-refinery Market Volume Share Analysis, by Product, 2022, 2027, and 2031

    Figure 34: Asia Pacific Bio-refinery Market Attractiveness, by Product

    Figure 35: Asia Pacific Bio-refinery Market Volume Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

    Figure 36: Asia Pacific Bio-refinery Market Attractiveness, by Country and Sub-region

    Figure 33: Latin America Bio-refinery Market Volume Share Analysis, by Type, 2022, 2027, and 2031

    Figure 34: Latin America Bio-refinery Market Attractiveness, by Type

    Figure 35: Latin America Bio-refinery Market Volume Share Analysis, by Feedstock, 2022, 2027, and 2031

    Figure 36: Latin America Bio-refinery Market Attractiveness, by Feedstock

    Figure 33: Latin America Bio-refinery Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 34: Latin America Bio-refinery Market Attractiveness, by Technology

    Figure 35: Latin America Bio-refinery Market Volume Share Analysis, by Product, 2022, 2027, and 2031

    Figure 36: Latin America Bio-refinery Market Attractiveness, by Product

    Figure 36: Latin America Bio-refinery Market Volume Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

    Figure 37: Latin America Bio-refinery Market Attractiveness, by Country and Sub-region

    Figure 38: Middle East & Africa Bio-refinery Market Volume Share Analysis, by Type, 2022, 2027, and 2031

    Figure 39: Middle East & Africa Bio-refinery Market Attractiveness, by Type

    Figure 40: Middle East & Africa Bio-refinery Market Volume Share Analysis, by Feedstock, 2022, 2027, and 2031

    Figure 41: Middle East & Africa Bio-refinery Market Attractiveness, by Feedstock

    Figure 42: Middle East & Africa Bio-refinery Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 43: Middle East & Africa Bio-refinery Market Attractiveness, by Technology

    Figure 44: Middle East & Africa Bio-refinery Market Volume Share Analysis, by Product, 2022, 2027, and 2031

    Figure 45: Middle East & Africa Bio-refinery Market Attractiveness, by Product

    Figure 46: Middle East & Africa Bio-refinery Market Volume Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

    Figure 47: Middle East & Africa Bio-refinery Market Attractiveness, by Country and Sub-region

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