openPR Logo
Press release

Biorefinery Market to Reach $210.3 Billion by 2027 | TotalEnergies, Renewable Energy Group, Valero, Neste, Vivergo Fuels.

10-20-2023 12:47 PM CET | Energy & Environment

Press release from: MarketsandMarkets

Biorefinery Market to Reach $210.3 Billion by 2027 |

The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2%. Increasing demand for biofuels to achieve net zero emissions are the primary driver for the global biorefinery market across the globe. Governments of various countries across the globe are focused on reducing greenhouse emissions. With the help of biofuel, greenhouse emissions can be reduced by up to 65%. Several countries around the world are trying to move away from dependence on oil imports. The implementation of stringent environmental regulations in several countries has also created the demand for efficient and less polluting energy sources, thus driving the growth of the biorefining market worldwide. This will drive the market for biorefinery as there will be an increase in the production of energy driven products.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108797809

The global biorefinery market is expected to witness significant growth during the forecast period due to increased government initiatives and increased need for environmental sustainability as well as technological advancements and increased investments in biorefinery market.

Energy driven segment is expected to occupy the majority share in the biorefinery market.

Energy driven segment accounted for the largest share in the global biorefinery market, by product segment. The key factor expected to drive the growth of the segment is the shift in government policies to support the use of renewable energy across industries. However, other factors, including increased cost of fossil fuel, rise in demand for fuel for automobiles, and specialized policy designed to encourage the use of biofuel, impact the growth and boost the use of biofuel globally.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=108797809

Americas is expected to be the largest region in the Biorefinery Market

Americas accounted for the largest share in the global biorefinery market during the forecast period. The Americas is expected to dominate the market due to the increasing efforts to develop forest-based biorefineries in the region. Countries, such as the US, Canada, and Mexico are investing significantly in new projects related to the production of biofuels and developing new technologies to produce bio-based products. The region has witnessed a rapid growth in electricity demand in recent years, due to the growing population, increasing per capita income, and a growing number of bio-based refineries, coupled with urbanization.

Key Market Players:

Major players operating in the Biorefinery Market include Renewable Energy Group (US), Neste (Finland), TotalEnergies (France), Valero (US) and Vivergo Fuels (England).

Content Source: https://www.marketsandmarkets.com/PressReleases/biorefinery.asp

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biorefinery Market to Reach $210.3 Billion by 2027 | TotalEnergies, Renewable Energy Group, Valero, Neste, Vivergo Fuels. here

News-ID: 3257933 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Biorefinery

Biorefinery Market Top Companies Study - Godavari Biorefineries Ltd., Assam Bior …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Biorefinery Market Size, Share & Trends Analysis Report By Type (First Generation, Second Generation, and Third Generation), Technology (Industrial Biotechnology, Physico-Chemical, and Thermochemical), Product (Energy driven, and Material driven) - Market Outlook And Industry Analysis 2031" The global Biorefinery market is estimated to reach over USD 336.39 billion by 2031, exhibiting a CAGR of 9.06% during
Biorefinery Market worth $314.62 Billion by 2029
The global biorefinery market is expected to grow from an estimated USD 212.05 billion in 2024 to USD 314.62 billion by 2029, at a CAGR of 8.2% during the forecast period. The global Biorefinery Market [https://www.marketsandmarkets.com/Market-Reports/biorefinery-market-108797809.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=biorefinery] is anticipated to grow from estimated USD 212.05 billion in 2024 to USD 314.62 billion by 2029, at a CAGR of 8.2% during the forecast period. The growth in the market will be attributed to
Biorefinery Market worth $210.3 Billion by 2027
The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% according to a new report by MarketsandMarkets™. New integrated biorefineries must be built in order to meet the expected growth of the biofuel market and the development of new biofuel production technologies. Concepts related to plant infrastructure of chemical plants or crude oil refineries are
Biorefinery Market Outlook 2022: Big Things are Happening
The "Biorefinery - Market Development Outlook " Study has been added to HTF MI repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study. Some of the major and emerging players identified are Abengoa Bioenergy Corp, Pacific Ethanol, Neste Oil OYJ, Renewable Energy Group Inc., UOP LLC, Valero Energy Corp. Get Inside
Biorefinery Technologies Market Size, Share, Development by 2025
Market Research Report Store offers a latest published report on Biorefinery Technologies Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. ADM is the leading player in the global biorefinery technologies market with the market share of 4.8%, in terms of revenue, followed by POET, Valero, Green Plains, Neste Oil, Clariant, Bp Biofuels, Cargill, Sinopec, GLENCORE Magdeburg, Louis Dreyfus, Marseglia and
Biorefinery Technologies Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Biorefinery Technologies Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 124 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-biorefinery-technologies-market_p104037.html   A biorefinery integrates biomass conversion processes and equipment