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Asia Pacific Biorefinery Market Trends

  • Report ID: GMI9874
  • Published Date: Jun 2024
  • Report Format: PDF

Asia Pacific Biorefinery Market Trends

Consumers and governments alike, with growing concerns about environmental degradation and climate change, are pushing for renewable alternatives to traditional fossil fuels and petrochemicals. Biorefineries play a crucial role in this shift by converting biomass, such as agricultural residues, algae, and waste materials, into biofuels, biochemicals, and other sustainable products. Biorefineries are expanding their range of feedstocks to include a wider variety of biomass sources. While corn and sugarcane have traditionally been the primary feedstocks for biofuels production, there is now a growing interest in utilizing non-food biomass, such as forestry residues, municipal solid waste, and algae. This diversification helps reduce competition with food crops and enhances the sustainability of biorefinery operations.
 

Advances in biorefinery technologies are driving efficiency improvements and cost reductions across the industry. Innovations in biomass pretreatment, enzymatic hydrolysis, fermentation, and downstream processing have enabled biorefineries to achieve higher yields and productivities, making bio-based products more competitive with their fossil-derived counterparts. Moreover, the integration of biorefinery processes with other industries, such as agriculture, forestry, and waste management, is creating synergies that further enhance the overall efficiency and sustainability of biorefinery operations.
 

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Asia Pacific market for biorefinery was reached USD 24.4 billion in 2023 and is expected to register 7.7% CAGR from 2024 to 2032, owing to increasing awareness about environmental sustainability and the need to reduce dependence on fossil fuels in the region.

Asia Pacific biorefinery industry from the first-generation segment and is expected to reach over USD 12.7 billion by 2032, due to increased adoption of bioethanol and biodiesel production technologies.

China biorefinery industry is expected to surpass USD 8 billion by 2032 due to massive industrial base, government support for renewable energy, and significant investments in biorefinery technologies in the country.

Blue Son, Biogreen Synergy, Borregard, Chevron, Caterpillar, Coasan, DuPont, Future Fuel, Green Plains, Montuk Renewables, and Neste, are some of the major biorefinery companies from Asia Pacific.

Asia Pacific Biorefinery Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 15
  • Countries covered: 5
  • Pages: 350
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