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

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

Asia Pacific Biorefinery Market Size

Asia Pacific Biorefinery Market was valued at USD 24.4 billion in 2023 and is anticipated to grow at a CAGR of 7.7% from 2024 to 2032, owing to increasing awareness about environmental sustainability and the need to reduce dependence on fossil fuels, fostering the demand for bio-based products. Additionally, government initiatives promoting renewable energy sources and biofuels are encouraging investments in biorefinery projects across the region. As the world's third-largest consumer and importer of oil, India is making concerted efforts to diminish its reliance on crude oil by shifting towards eco-friendly options like biofuels. The nation has set a goal to ramp up the blending of ethanol with gasoline to 20% by 2025.

Asia Pacific Biorefinery Market

The abundant availability of biomass resources, such as agricultural residues and forest residues, further fuels market expansion. Technological advancements are also playing a crucial role, enhancing the efficiency and cost-effectiveness of biorefinery processes. Moreover, the rising demand for bio-based chemicals, materials, and biofuels in various industries, including pharmaceuticals, food and beverages, and automotive, is driving market growth.

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.

Asia Pacific Biorefinery Market Analysis

Asia Pacific Biorefinery Market Revenue Size, By Type, 2022 - 2032 (USD Billion)

Based on type, the first-generation segment is poised to cross USD 12.7 billion by 2032, owing to the increased adoption of bioethanol and biodiesel production technologies. These technologies primarily utilize food crops such as corn, sugarcane, and soybeans as feedstocks for biofuel production. The first generation biorefineries have been in operation for several years and have established infrastructure and supply chains, contributing to their significant market share.

Asia Pacific Biorefinery Market Revenue Share, By Technology, 2023

Based on technology, the industrial biotechnology segment is anticipated to grow with CAGR of more than 7.5% through 2032, on account of the increasing consumer demand for sustainable and eco-friendly products, supportive government policies and regulations, and continuous technological advancements. Additionally, rising environmental concerns and the need to reduce greenhouse gas emissions are prompting a shift towards biorefinery technologies. The region's abundant availability of biomass feedstock, such as agricultural residues, forestry by-products, and organic waste, further supports this growth.

China Biorefinery Market Revenue Size, 2022 - 2032, (USD Billion)

China biorefinery market is anticipated to surpass USD 8 billion by 2032 due to massive industrial base, government support for renewable energy, and significant investments in biorefinery technologies. Its vast agricultural resources provide ample biomass for biorefining. Similarly, India is crucial due to its growing energy demand and agricultural sector, which supplies abundant biomass. Japan's advanced technological capabilities and innovation drive biorefinery advancements. Australia contributes through its strong agricultural industry and research initiatives. South Africa, while not in the Asia Pacific, is key in the broader context for its biomass potential and emerging bioeconomy, facilitating international collaborations.

Asia Pacific Biorefinery Company Market Share Analysis, 2023

Asia Pacific Biorefinery Market Share

Companies like Caterpillar, Chevron, and Total Energies hold significant market share in the biorefinery market due to their extensive experience, vast resources, and robust infrastructure in energy and heavy industries. Caterpillar provides essential machinery and technology for biomass processing. Chevron and Total Energies leverage their expertise in energy production, distribution, and large-scale project management to develop and implement efficient biorefinery operations.

Asia Pacific Biorefinery Market Companies

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

Asia Pacific Biorefinery Industry News

  • In November 2022, a bioethanol plant valued at Rs 270 crore (USD 32.67 million) was initiated in Andhra Pradesh. Chief Minister YS Jagan Mohan Reddy conducted the groundbreaking ceremony at Gummalladoddi village in East Godavari district. The plant, to be constructed by Assago Industrial Private Limited, is expected to provide direct employment to 300 individuals and indirect employment to another 400.
  • In August 2021, VERBIO AG entered into a Memorandum of Understanding (MOU) with Indian Oil Corporation Ltd. to develop biofuel projects and compressed biogas facilities. The agreement includes creating a Joint Venture Company to produce and distribute biomethane, bioethanol, and biodiesel through Indian Oil's network.

This Asia Pacific biorefinery 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

  • First Generation
  • Second Generation
  • Third Generation

Market, By Technology

  • Industrial Biotechnology
  • Physio Chemical
  • Thermo Chemical

Market, By Product

  • Energy Driven
  • Material Driven

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

  • China
  • India
  • Japan
  • Australia
  • South Korea


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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