Biorefinery Market Analysis

Product (Energy Driven, Material Driven)

The global biorefinery industry  is segmented and analyzed for demand and supply by product into energy driven, and material driven. Out of the two products produced by biorefinery, the energy driven segment is estimated to gain the largest market share of about 60% in the year 2037. The growth of the segment can be attributed to the rising demand for bio-energy and biofuels and the rising need to reduce carbon emissions. With few alternative low-carbon technological options, biofuels are especially crucial for trucking, shipping, and aircraft. Moreover, according to the International Energy Agency, global biofuel demand increased by 5% per year on average between 2010 and 2019, the Net Zero Emissions by 2050 Scenario necessitates 14% annual growth until 2030. Biofuels are increasingly being created from feedstocks that do not compete with food crops, such as waste and leftovers. In the Net Zero Emissions by 2050 Scenario, biofuels produced from these resources meet 45% of total global biofuel demand by 2030; however, only an estimated 7% of biofuels were produced from wastes and leftovers in 2020.

Feedstock (Starch & Sugar Crops, Energy Crops, Organic & Agricultural Residues, Multi-feedstock)

The global biorefinery market is also segmented and analyzed for demand and supply by feedstock into starch & sugar crops, energy crops, organic & agricultural residues, multi-feedstock, and others. Amongst these five segments, the starch & sugar crops segment is expected to garner a significant share of around 40% in the year 2037. The low cost of starch and sugar crop feedstock and they are readily available as they are present in abundance is likely to drive segment growth. These feedstocks are relatively much cheaper in comparison to other potential feedstock, including woody biomass or algae. Therefore, the adoption of sugar crops has increased as they are a cost-effective choice for biorefinery operations. Moreover, these feedstocks have high carbohydrate content, which can be converted into different valuable products, such as bioplastics, biochemicals, and biofuels.

Our in-depth analysis of the global market includes the following segments: