Global Market Profile of Bioproducts from Thermochemical Conversion Technologies

Bioenergy and biofuels form about 70% of today’s global renewable energy, and about 10% of global primary energy supply. Thermochemical conversion technologies such as pyrolysis, hydrothermal liquefaction, gasification, etc., have realized immense breakthroughs in research and development where all kinds of biofuels and bioenergy can efficiently be produced from waste materials such as construction and demolition waste, tires, plastic waste, and lignocellulosic biomass at high yields. Though thermochemical conversion technologies are still under continuous improvement, there are many commercial production plants operating in most parts of the world at high efficiencies. The growth margin of biofuels, bioenergy, and biochemicals worldwide is increasing as their market soar day by day. Despite the market expansion, advancement, and improvement in biofuels, there are still obstacles impacting the overall production, consumption, and market opportunities in the world hence fighting off probable investors and consumers. This chapter assesses the world’s production, consumption, market prospects, potential financiers, topographical distribution, and growth forecast of biofuels, bioenergy, and biochemicals generated from waste via thermochemical conversion processes.