Second Generation Biofuels (Advanced Biofuels) Market by Fuel Type (Cellulosic ethanol, Biodiesel, Biobutanol, BioDME) and Feedstock type (Simple lignocellulose, Algae, Complex lignocellulose)

Second Generation Biofuels (Advanced Biofuels) Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $23.9 billion by 2020, registering a CAGR of 49.4% during the forecast period 2014 - 2020. Currently, Biodiesel garners the largest market share; however, the latest and the most commercially viable Cellulosic ethanol would surpass Biodiesel and eventually lead the market by 2020.North America generated largest revenue, as it has over 50% of the globally installed capacity base.

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Second generation biofuels are developed to overcome the limitations associated with traditional biofuels. Production of traditional biofuels faces barriers such as threat to biodiversity and food versus fuel issues. On the other hand, second generation biofuels are produced from a range of non-food crops and waste biomass. Also, second generation biofuel production is more energy efficient than the conventional fossil fuels. Such biofuels minimize greenhouse gas (GHG) emissions by over 90%; thus, are more environment-friendly.

In conjunction with benefits delivered by second generation biofuels, financial incentives and supportive regulations in the U.S. and Europe are instrumental in driving the commercial production and adoption of advanced biofuels; Renewable Fuel Standards (RFS) in the U.S. is among one of such initiative. However, complexities associated with the production process, high initial capital investment and availability of land (for plant set-up) in the vicinity of the source of feedstock are the factors impeding the growth of the market.

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Currently, North America accounts for about 82% of the global market share, as various market players prefer the United States. for operating their pilot plants, chiefly due to supportive regulatory environment. Recently, Procter & Gamble announced a collaboration with DuPont to use cellulosic ethanol, replacing corn based ethanol in its Tide detergent in North America. Other major players recently started the production of cellulosic ethanol in North America are INEOS New Planet BioEnergy, Poet-DSM Advanced Biofuels LLC, Canergy LLC, Abengoa bioenergy, Amyris and Enerkem among few.

Geographically, the second generation biofuels market is segmented into North America, Europe, Asia-Pacific and LAMEA. Owing to favorable regulations and financial support from the governments of developed regions - North America and Europe, have garnered majority market share in 2013, however, this scenario would change by 2020.

To leverage opportunities in the second generation biofuels market, many companies are setting up plants for production of such biofuels. Some of the key manufacturing companies profiled in the report are Algenol Biofuels, Abengoa bioenergy, POET-DSM, GranBio, INEOS Bio, Inbicon, Clariant, ZeaChem, DuPont Industrial Biosciences and Fiberight LLC.

KEY BENEFITS:

• The study provides an in-depth analysis of the global second generation biofuels market with current and future trends to elucidate imminent investment pockets in the market
• The analysis helps in understanding strategies adopted by various companies for the growth of the global second generation biofuels market
• SWOT analysis of the key market players are provided to illustrate the business strategies adopted by the producers of second generation biofuels
• Comprehensive analysis of factors that drive and restrict the growth of the second generation biofuels market is provided. For example, the government subsidies will drive the market; however, high initial capital investment and complexity in production process is expected to hinder the market growth
• The current market conditions of global second generation biofuels market across all geographic regions are comprehensively analyzed; issues and potentials related to commercial production and feedstock availability are detailed in the report
• The quantitative analysis of the market through 2013 - 2020 is provided to elaborate the market potential

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