Jan 16, 2021 (The Expresswire) -- In 2021, Biorefinery Market “Size, Status And Forecast 2026
Biorefinery is the sustainable processing of biomass into a spectrum of marketable products and energy. In this process, agriculture waste, Plant-based starch and lignocellulosic materials are used to produce all kinds of chemicals, fuel and bio-based materials. Biorefinery can be a facility, a process, a plant, or even a cluster of facilities. A main driver for the establishment of biorefineries is the sustainability aspect. All biorefineries should be assessed for the entire value chain on their environmental, economic, and social sustainability covering the whole life cycle (constructionâoperationâdismantling). This assessment should also take into account the possible consequences due to the competition for food and biomass resources, the impact on water use and quality, changes in land-use, soil carbon stock balance and fertility, net balance of GHGs, impact on biodiversity, potential toxicological risks, and energy efficiency.
Successful market implementation of integrated biorefineries requires reliable processing units combined with environmentally acceptable and economically profitable production chains. Development and implementation of the biorefinery concept should include crop cultivation and the selection of crops that maximize full chain performance.
Further biorefinery improvement is expected to generate more feedstocks, technologies, and coproducts, inevitably offering all kinds of economic opportunities. Research and development will speed up agricultural and rural development, increase industrial development, and open existing and newly created markets. It can be foreseen, however, that biorefinery technologies will develop gradually over time, because the more fractions are obtained the more markets should be served. All these markets dictate that raw materials and intermediates are available at a rather constant supply and therefore prices. The built up of this raw material supply will take time.
Biorefineries can provide a significant contribution to sustainable development, generating added value to sustainable biomass use and producing a range of biobased products (food, feed, materials, chemicals, fuels, power, and/or heat) at the same time. This requires optimal biomass conversion efficiency, thus minimizing feedstock requirements while at the same time strengthening economic viability of (e.g., agriculture, forestry, chemical and energy) market sectors. As biomass availability is limited, it should be used efficiently, effectively producing materials and energy in multi-purpose biorefineries. The perceived conflict between energy and food production can be allayed by developing technologies based on lignocellulosic materials but it was discussed before that this currently results in a much higher BCI. Biorefining requires further innovation but offers opportunities to all economic sectors. Building a biobased economy can help to overcome present difficulties while laying the foundation of an environmentally benign industry.
One of the key prerequisites of a successful biorefinery is to invite key stakeholders from separate backgrounds (agriculture/forestry, transportation fuels, chemicals, energy, etc.) to discuss common processing topics, foster necessary RandD trajectories and stimulate deployment of developed technologies in multi-disciplinary partnerships. Optimal economic and environmental performance can be further guaranteed by linking the most promising biobased products, that is, food, feed, (fiber-based) added-value materials and (functionalized and platform) chemicals with bioenergy production.
Market Analysis and Insights: Global Biorefinery Market
In 2019, the global Biorefinery market size was USUSD 44340 million and it is expected to reach USUSD 51550 million by the end of 2026, with a CAGR of 2.2% during 2021-2026.
Global Biorefinery Scope and Market Size
Biorefinery market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Biorefinery market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Biorefinery market is segmented into Biochemical, Thermochemical, etc.
Segment by Application, the Biorefinery market is segmented into Bulk chemicals, Biomaterial, Biofuel, Pharmaceuticals and food additives, etc.
Regional and Country-level Analysis
The Biorefinery market is analysed and market size information is provided by regions (countries).
The key regions covered in the Biorefinery market report are North America, Europe, China, Japan, Southeast Asia, India and Central and South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Competitive Landscape and Biorefinery Market Share Analysis
Biorefinery market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Biorefinery business, the date to enter into the Biorefinery market, Biorefinery product introduction, recent developments, etc.
The major vendors include Abengoa Bioenergy Corp, Pacific Ethanol, Neste Oil OYJ, Renewable Energy Group Inc, UOP LLC, Valero Energy Corp, etc.
This report focuses on the global Biorefinery status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Biorefinery development in North America, Europe, China, Japan, Southeast Asia, India and Central and South America.
List Of TOP KEY PLAYERS in Biorefinery Market Report are:
● Abengoa Bioenergy Corp ● Pacific Ethanol ● Neste Oil OYJ ● Renewable Energy Group Inc ● UOP LLC ● Valero Energy Corp
A holistic research of the marketis formedby consideringa spreadof things, from demographics conditions and business cyclesduring aparticular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantageand therefore thecompetitive landscape of major players. Downstream demand analysis and upstream raw materials and equipment additionally administer. With tables and figures helping analyze worldwide Global Biorefinery Market Forecast this research provides key statistics on the state of the industry and should be a valuable source of guidance and direction for companies and individuals interested in the market.
On the thought of the product, this report displays the assembly, revenue, price, market share and rate of growth of each type, primarily split into
On the thought of the highest users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and rate of growth for each application, including
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Major regions covered within the report:
The global Biorefinery market is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2026. In 2021, the market was growing at a mild rate and with the rising adoption of strategies by key players, the market is predicted to rise over the projected horizon. The report also tracks the most recent market dynamics, like driving factors, restraining factors, and industry news like mergers, acquisitions, and investments.
The report can help to know the market and strategize for business expansion accordingly. Within the strategy analysis, it gives insights from market positioning and marketing channel to potential growth strategies, providing in-depth analysis for brand fresh entrants or exists competitors within the Biorefinery industry. Global Biorefinery Market Report 2021 provides exclusive statistics, data, information, trends and competitive landscape details during this niche sector.
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