The "Biorefinery - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Biorefinery Market to Reach $1.4 Trillion by 2030
The global market for Biorefinery estimated at US$717.4 Billion in the year 2023, is projected to reach a revised size of US$1.4 Trillion by 2030, growing at a CAGR of 9.2% over the analysis period 2023-2030.
Biorefineries are gaining prominence as sustainable alternatives to traditional refineries, leveraging biomass to produce bio-products. In the global market, the competitive landscape of biorefineries is delineated, highlighting strong, active, niche, and trivial players. These facilities are classified based on their operations, with a focus on sustainability driving their adoption.
Industrial Biotechnology, one of the segments analyzed in the report, is projected to record 8.4% CAGR and reach US$724.5 Billion by the end of the analysis period. Growth in the Physico-Chemical Technology segment is estimated at 9.6% CAGR for the next 8-year period.
Biorefinery platforms play a crucial role in converting biomass into valuable bio-products, contributing to the industry's dynamic growth. Recent market activity indicates increased funding and scaling-up of biofuel and bio-product refinery projects, underscoring the industry's promising trajectory.
The U.S. Market is Estimated at $202.1 Billion, While China is Forecast to Grow at 10.1% CAGR
The Biorefinery market in the U.S. is estimated at US$202.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$239 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 7.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Exciting New Report Features
Key Attributes:
Report Attribute | Details |
No. of Pages | 243 |
Forecast Period | 2023 - 2030 |
Estimated Market Value (USD) in 2023 | $717.4 Billion |
Forecasted Market Value (USD) by 2030 | $1400 Billion |
Compound Annual Growth Rate | 10.0% |
Regions Covered | Global |
MARKET OVERVIEW
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 53 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/rj5z6i
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