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North America Biorefinery Market Trends

  • Report ID: GMI9473
  • Published Date: May 2024
  • Report Format: PDF

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.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

North America biorefinery market size was valued at USD 60.4 billion in 2023 and is anticipated to grow at 6.9% CAGR between 2024- 2032, owing to the rising awareness about environmental sustainability and the need to reduce reliance on fossil fuels.

The first-generation segment in the North America biorefinery industry is anticipated to exceed USD 55.5 billion by 2032 owing to its established infrastructure and widespread adoption.

U.S. biorefinery market size is poised to surpass USD 79.5 billion by 2032, due to its significant contributions to the global bioeconomy.

Biogreen Synergy, Blue Son, Borregard, Caterpillar, Chevron, Coasan, DuPont, Future Fuel, Green Plains, Montuk Renewables, Neste, Pacific Biodiesel and Renewable Energy Group

North America Biorefinery Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 15
  • Countries covered: 3
  • Pages: 350
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