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Allied Market Research

Biorefinery Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Feb 2021 | 82 Views
 
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The biorefinery is a process in which biomass is converted to energy and other beneficial by-products. It is a sustainable method of processing biomass into a spectrum of bio-based products and bioenergy. Biorefinery provides multiple chemicals by fractioning an initial raw material into multiple intermediates such as carbohydrates, proteins, and triglycerides, which can further be converted into value-added products. This phase of refinery is called the cascading phase.

The biorefinery market is segmented depending on its various characteristics. By product type, the market is bifurcated into energetic and non-energetic. Biodiesel, electricity, and ethanol products come under energetic category, while non-energetic biorefinery products used in resins, plastics, and solvents making processes. Biorefinery products are majorly applicable in baby care products, herbal drugs, for electricity, alcohol, and surfactants. The wide use of biorefinery products is being seen in making chemicals for building blocks. By region, the biorefinery market is studied across North America, Asia-Pacific, Europe, and LAMEA. Furthermore, Asia-Pacific is too likely to witness rise in demand and supply of biorefinery products, primarily due to severe government construction scheme for growing urban population.

Scope of the report

                Report Metric

                                         Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD) and Volume (Ton)

  Segments covered

  Product, Technology, Application, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa

  Companies covered

Du Pont De Nemours, Lanxess A.G, Bayer Material Science LLC, Green plains renewable energy, Dominion Energy services company, Archer Daniels Midland Company, and DSM NV

 

COVID-19 impact analysis

  • During the pandemic, the insufficiency in raw material supply is anticipated to hamper the production rate of biorefinery, thus affecting the market growth.
  • The sectors such as commercial and agricultural sectors are major consumers of biorefinery products, and more than 50% of the factories and production rate are on a halt in pandemic. 
  • Moreover, the market is likely to witness a temporary downfall in demand for biorefinery products due to less consumer consumption during the pandemic.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in concern of environmental safety leads to rise in usage of bio-based products in industrial activities, as these products lower emission of pollutants. In addition, the making of cosmetics, resins, and alcohols involves high usage of biorefinery products. Furthermore, the fuel produced from the biorefinery process is used in energy requirement purposes, which have low cost and lower greenhouse gas emission. Thus, all these factors together are expected to drive the growth of the global biorefinery market during the forecast period. However, the gap between consumers and suppliers is actuated to hamper the growth of the global biorefinery product market.

Key segments covered

              Segment

                                Subsegment

  By Product

  • Energetic
  • Nonenergetic

  By Technology

  • Physio-chemical
  •  Industrial biotechnology
  • Thermo-chemical
  • Advanced biorefinery
  • Others

  By Application

  • Resins
  • Plastic
  • Electricity
  • Body care products
  • Others

  By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

Key market players

The major players operating in the global biorefinery market include Du Pont De Nemours, Lanxess A.G, Bayer Material Science LLC, Green Plains Renewable Energy, Dominion Energy Services Company, Archer Daniels Midland Company, and DSM NV. Expansions, acquisitions, partnerships, and new product developments are the major focus of these players to grow their business in the potential markets. They have been further focusing on strategies such organic and inorganic growth developments, including contracts and investments.

Key benefits of the report 

  • This study presents the analytical depiction of the global biorefinery market industry along with the current trends and market estimation to determine the imminent investment pockets.
  • The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the market.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years.
  • This report helps users in comprehending the key product segments and their future.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
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Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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