Biorefinery Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Biorefinery Market is segmented By Type (Second Generation, First Generation, Third Generation), By Feedstock (Starch & Sugar Crops, Energy Crops, Org....

Biorefinery Market Size

Market Size in USD

CAGR9.5%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR9.5%
Market ConcentrationHigh
Major PlayersNeste Oyj, UPM Global, BP PLC, Renewable Energy Group, Godavari Biorefineries Ltd.
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Biorefinery Market Analysis

The biorefinery market is estimated to be valued at USD 161.64 Bn in 2024 and is expected to reach USD 305.06 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031. The biorefinery market is expected to witness strong growth with rising environmental concerns and national drive toward reducing carbon footprint.