Growing Regulatory Policies for Environment Protection to Propel Investments

Global biorefinery market is anticipated to grow at a CAGR of 29.4% during the forecast period (2023-2030). A major factor supporting the growth of the market is the increasing regulatory policies by various governments for protecting environments to bolster investments in the biorefinery market. Increased environmental awareness has bolstered efforts to limit air, water, and soil pollution, which in turn pushed governments to invest in cleaner fuels in place of conventional fuels.

Browse the full report description of “Biorefinery Market Size, Share & Trends Analysis Report by Type (First Generation, Second Generation, and Third Generation), by Product (Energy Driven and Material Drive), and by Technology (Industrial Biotechnology, Physico-Chemical, and Thermochemical) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/biorefinery-market

For instance, in February 2023, the Indian government pledged to invest $4.3 billion in green electricity and technology towards the country’s energy transition and net zero target. Within the pledge, the government included a focus on solar power from the Himalayan region of Ladakh and green hydrogen production. Apart from this, during the announcement of Budget 2022-2023, the Indian Finance Minister announced their plans to implement several programs for green fuel, green energy, green farming, green mobility, green buildings, and green equipment, and policies for efficient use of energy.

According to the International Energy Agency (IEA) report published in June 2023, globally governments have allocated $1.3 trillion to clean energy since 2020. Approximately $130 billion has been announced over the past six months. Furthermore, countries including Australia, Brazil, Canada, Japan, and other European countries are offering direct incentives for manufacturers intending to increase domestic manufacturing of clean energy technologies. 

Government clean energy investment support and consumer energy affordability spending earmarked by region, Q2-2023

Source: International Energy Agency (IEA)

Market Coverage

• The market number available for – 2023-203

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Type

o By Product

o By Technology

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- includes Cargill, Inc., Valero Energy Corp., Wilmar International Ltd., Afyren SAS, Clariant AG, and Sekab, among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Biorefinery Market Report Segment

By Type

• First Generation
• Second Generation
• Third Generation

By Product

• Energy Driven
• Material Driven

By Technology

• Industrial Biotechnology
• Physico-Chemical
• Thermochemical 

Global Biorefinery Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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