Aug 12, 2024
Blog Energy and Resources Top 20 Companies in the Biorefinery Products and Applications Market
The biorefinery market is rapidly expanding as the world shifts towards sustainable and eco-friendly alternatives to traditional fossil fuels. Biorefineries are crucial in converting biomass into value-added products, including biofuels, biochemicals, and bioplastics. These products offer significant environmental benefits, reducing greenhouse gas emissions and reliance on fossil resources. Here, we’ll explore the top 20 companies in the biorefinery products and applications market, highlighting their innovative contributions to sustainability.
The global market for biorefinery products and applications was valued at $715.7 billion in 2023. It is projected to expand from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029. This growth is driven by rising demand for sustainable products, advancements in biorefining technologies, and supportive regulatory frameworks.
The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.
A Finland-based leader in renewable diesel and sustainable aviation fuel, Neste operates in 16 countries and is known for its innovations in renewable fuels. Its products include renewable diesel, sustainable aviation fuel, and renewable polymers, which are primarily used in transportation, aviation, and the chemical industry.
Based in Denmark, Novozymes specializes in enzymes and microbes for bioindustrial applications. Their products are used in areas such as biofuels (including bioethanol and biogas solutions), agriculture, and the food and beverage industry. Novozymes operates in over 30 countries, contributing significantly to the advancement of bioindustrial solutions.
A leading US-based producer of biofuels and bioproducts from renewable resources, POET's offerings include bioethanol, DDGS (distillers grains), and renewable CO2, primarily used in transportation, agriculture, and the food industry. They operate in over 10 countries, promoting renewable energy solutions.
This German-based chemical company focuses significantly on biorefinery products, producing biopolymers, bio-based chemicals, and biofuels used in the packaging, automotive, and construction industries. BASF operates in 93 countries and runs 234 production sites worldwide, continually advancing biorefinery technologies.
A US-based company, Cargill produces bioindustrial products with a focus on sustainability. Their products include biofuels, bioplastics, and biolubricants, which are utilized in transportation, packaging, and industrial applications. Cargill operates in over 70 countries, driving innovations in bioproducts.
A Finland-based producer of sustainable biofuels and biochemicals from renewable feedstocks. Its products, including renewable diesel, bio-naphtha, and renewable chemicals, are used in transportation, the chemical industry, and the energy sectors. UPM Biofuels operates in over 10 countries, contributing to the sustainable energy landscape.
This American ag-tech company produces and markets biofuels, high-protein feed, and renewable chemicals. Their products include bioethanol, renewable corn oil, and high-protein feed, used in transportation, agriculture, and the chemical industry. Green Plains operates in over 10 countries, advancing biofuel technologies.
A Netherlands-based company, DSM produces bio-based materials and sustainable solutions. Its products include bioplastics, biofuels, and nutritional ingredients, used in packaging, transportation, and the food industry. DSM operates in over 50 countries, leading in sustainable material production.
Based in the USA, DuPont develops bio-based materials and advanced biofuels, including bio-based polymers, cellulosic ethanol, and biochemicals, which are used in packaging, automotive, and textiles. DuPont operates in over 90 countries and continuously innovates in bio-based materials and sustainable technologies.
An American company, Gevo produces renewable chemicals and biofuels through innovative technology. Their products, such as isobutanol, renewable jet fuel, and biochemicals, are primarily used in aviation, automotive, and the chemical industry. Gevo operates in several countries, with notable facilities in South Dakota, Iowa, and Minnesota, advancing the development of sustainable and low-carbon fuels.
A Swedish company that produces bioethanol and biochemicals from renewable resources. Their products, including bioethanol, acetaldehyde, and ethyl acetate, are used in transportation, the chemical industry, and pharmaceuticals. Sekab operates in over 10 countries, promoting sustainable chemical solutions.
A France-based major energy company, TotalEnergies invests heavily in biorefining technologies. They produce biofuels, bioplastics, and bio-based chemicals used in energy, automotive, and packaging sectors. With operations in nearly 130 countries, TotalEnergies is a significant player in the global biorefinery market.
A Canadian company focusing on converting waste into biofuels and renewable chemicals. Its products, including bioethanol, renewable methanol, and biochemicals, are used in transportation, the chemical industry, and waste management. Enerkem operates in over 5 countries, innovating waste-to-energy solutions.
A UK-based global energy company, BP significantly focuses on developing and investing in renewable energy sources, including biofuels and biorefining technologies. Its products, including biofuels, biochemicals, and sustainable aviation fuel, are used in transportation, aviation, and industrial applications. BP operates in over 70 countries, driving the transition towards sustainable energy.
An American company, Honeywell UOP develops and supplies advanced process technologies for producing renewable fuels and chemicals. Their products include renewable jet fuel, renewable diesel, and bio-based chemicals, used in transportation, aviation, and the chemical industry. Honeywell UOP operates in over 100 countries, advancing biorefining technologies worldwide.
An American manufacturer and marketer of transportation fuels and petrochemical products. Valero is heavily invested in renewable energy, particularly biofuels. Its products, including ethanol, biodiesel, and renewable diesel, are used in transportation, the energy sector, and industrial applications. Valero operates in over 15 countries, contributing significantly to the renewable energy market.
A Singapore-based agribusiness group involved in the entire value chain of the agricultural commodity business. It produces biofuels and biochemicals from palm oil and other renewable resources. Its products include biodiesel, oleochemicals, and specialty fats, which are used in transportation, industrial applications, and the food industry. Wilmar operates in over 50 countries, advancing the biorefinery market globally.
A Singapore-based diversified business group produces oleochemicals, biodiesel, and specialty chemicals from renewable resources. Their products, including biodiesel, oleochemicals, and specialty chemicals, are used in transportation, industrial applications, and personal care products. The group has a presence in over 70 countries.
A US-based company, Chevron Renewable Energy Group focuses on producing and supplying renewable fuels. They provide biodiesel, renewable diesel, and renewable jet fuel, which are used in transportation, aviation, and industrial applications. Chevron Renewable Energy Group operates primarily in the USA, with expanding global operations.
A Norway-based company, Borregaard produces advanced biochemicals and biomaterials from renewable sources. Its products, including lignin-based products, bioethanol, vanillin, and microfibrillar cellulose (MFC), are used in construction, agriculture, and the food industry. Borregaard operates in 13 countries, leading the way in sustainable biochemicals.
The biorefinery products and applications market is poised for significant growth as leading companies continue to innovate and expand their operations globally. These top 20 players are at the forefront of driving sustainability and reducing our reliance on fossil fuels, paving the way for a greener future.
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Karishma Arora is an Assistant Team Lead in Marketing Operations at BCC Research, with a master's degree in commerce. She is a passionate marketer with a knack for creativity and data-driven strategies.
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