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The biorefinery market size is forecast to increase by USD 656.1 million at a CAGR of 11.64% between 2023 and 2028. The market is experiencing significant growth due to the increasing environmental consciousness and the need for sustainable energy resources. One of the key trends in this market is the conversion of waste to energy, which not only reduces environmental impact but also provides an alternative source of energy. This trend is further fueled by the unexpected plunge in crude oil and natural gas prices, making renewable energy sources more economically viable. Biorefineries convert biomass into biofuels, chemicals, and power, providing a sustainable alternative to traditional petroleum refineries. Another trend is the production of sustainable chemicals from feedstocks such as starch and sugar crops. Carbon dioxide capture technology is also gaining popularity in biorefineries to reduce greenhouse gas emissions. The regulatory framework is also evolving to support the growth of the biorefinery industry. However, challenges such as the availability and cost of feedstocks and the need for economically viable processes remain.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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