North America Biorefinery Market - By Type (First Generation, Second Generation, Third Generation), By Technology (Industrial Biotechnology, Physio Chemical), By Product (Energy Driven and Material Driven) & Forecast, 2024 - 2032

North America Biorefinery Market Size

North America Biorefinery Market Size in 2023 was valued at USD 60.4 billion and is anticipated to grow at a CAGR of 6.9% between 2024 and 2032. There is increasing awareness about environmental sustainability and the need to reduce reliance on fossil fuels have led to a surge in demand for bio-based products. Biorefineries offer a sustainable solution by converting biomass into a wide range of valuable products, including biofuels, biochemicals, and biomaterials. This growing emphasis on sustainability and renewable resources is driving investment in biorefinery infrastructure across North America.
 

Supportive government policies and incentives are propelling the growth of the biorefinery market in the region with various initiatives, such as renewable energy targets, carbon reduction goals, and subsidies for bio-based industries, are incentivizing companies to invest in biorefinery projects, thereby increasing the production of biofuels.  For instance, in 2023, as per Environment Protection Agency (EPA), the U.S. production of biomass-based diesel, including renewable diesel, biodiesel, heating oil, and SAF, reached to 4 billion gallons in 2023. The production and advanced bio-based diesel utility witnessed a substantial rise of 1 billion gallons in 2023 compared to its previous year.
 

North America Biorefinery Market Trends

There is a growing emphasis on the development of advanced biorefinery technologies aimed at enhancing efficiency and expanding the range of products derived from biomass. These technologies include advanced fermentation processes, enzymatic hydrolysis, and thermochemical conversion methods, which enable the extraction of high-value products such as biofuels, biochemicals, and bioplastics from various feedstocks. This trend towards advanced biorefinery processes is driven by the need to improve sustainability, reduce greenhouse gas emissions, and enhance resource efficiency.
 

There is a rising interest in the integration of biorefineries with existing industrial facilities and infrastructures, known as biorefinery clusters. These clusters enable synergies between different industries, such as agriculture, forestry, and chemical processing, leading to improved resource utilization and cost efficiencies. By leveraging shared resources, infrastructure, and expertise, biorefinery clusters can enhance the viability and competitiveness of biorefinery projects while fostering regional economic development and creating new job opportunities.
 

North America Biorefinery Market Analysis

Based on type, the market is categorized into first generation, second generation, and third generation. The first-generation segment is anticipated to exceed USD 55.5 billion by 2032 owing to its established infrastructure and widespread adoption. First-generation biorefineries utilize conventional feedstocks such as corn, sugarcane, and vegetable oils to produce biofuels and biochemicals. These biorefineries benefit from existing agricultural supply chains and processing facilities, allowing for cost-effective production at scale. Additionally, supportive government policies and incentives further drive growth in this segment.
 

Based on technology, the North America biorefinery market is categorized into industrial biotechnology, physio chemical and thermochemical. The industrial biotechnology segment will grow with CAGR of more than 6.2% by 2032 due to the increasing adoption of innovative biotechnological processes. Industrial biotechnology encompasses the use of biological systems, microorganisms, and enzymes to produce biofuels, biochemicals, and bioplastics from renewable feedstocks. Advancements in genetic engineering and fermentation technologies have improved process efficiency and product yields, driving the growth of this segment.
 

The U.S. region is poised to surpass USD 79.5 billion by 2032 in the biorefinery market due to its significant contributions to the global bioeconomy. The U.S., as one of the largest producers of biofuels and biochemicals globally, leads the way in the adoption of sustainable biorefinery practices. Countries including the U.S. and Canada play a crucial role in driving innovation and production efficiency in the biorefinery sector, with the leverage of advanced technological capabilities and abundant biomass resources. Canada, known for its vast forestry and agricultural resources, contributes to the development of biomass-based products. These countries' participation strengthens collaborations and knowledge exchange within the Europe biorefinery market, enhancing its growth potential.
 

North America Biorefinery Market Share

Companies like Chevron and Renewable Energy Group are leading the biorefinery market due to their strategic investments, technological expertise, and commitment to sustainability. Chevron, with its diversified portfolio and global presence, leverages its resources to drive innovation and expand its biorefinery operations. Meanwhile, Renewable Energy Group, specializing in biofuels and renewable chemicals, excels in producing high-quality, sustainable products.
 

North America Biofuel Market Companies

• Biogreen Synergy
• Blue Son
• Borregard
• Caterpillar
• Chevron
• Coasan
• DuPont
• Future Fuel
• Green Plains
• Montuk Renewables
• Neste
• Pacific Biodiesel
• Renewable Energy Group
• Total Energies
• Verbio
   

North America Biofuel Industry News

• In March 2022, Chevron unveiled its latest branded fuel solutions under the name EnDura Fuels. This lineup encompasses various types of renewable fuels, including InfinD and PuriD, which represent next-generation biodiesel options. Additionally, the portfolio includes UltraClean BlenDVelociD and other advanced formulations.
   
• In November 2022, United Airlines Ventures has done investment in NEXT Renewable Fuels to assist in the creation refinery of biofuel located at Oregon, U.S. slated to commence production in 2026. NEXT's main facility, with its advantageous area, is well positioned for biofuel distribution across the West Coast.
   

North America biofuel market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Billion” from 2021 to 2032, for the following segments:

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Market, By Type, 2021 – 2032 (USD Billion)

• First generation
• Second generation
• Third generation

Market, By Technology, 2021 – 2032 (USD Billion)

• Industrial biotechnology
• Physio chemical
• Thermochemical

Market, By Product, 2021 – 2032 (USD Billion)

• Energy driven
• Material driven

The above information has been provided for the following countries across the region:

• U.S.
• Canada
• Mexico