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Second Generation Biofuels Market is Expected to Reach$23.9 Billion, By Leading Industry Players Algenol Biofuels, Abengoa bioenergy, GranBio, INEOS Bio, Inbicon, Clariant, ZeaChem, DuPont Industrial Biosciences.

10-27-2018 02:24 PM CET | Energy & Environment

Press release from: Allied Market Research

Second Generation Biofuels Market

Second Generation Biofuels Market

Second Generation Biofuels (Advanced Biofuels) Market is expected to garner $23.9 billion by 2020, registering a CAGR of 49.4% during the forecast period 2014 - 2020. Second generation biofuels yield more energy efficient output than conventional fossil fuels and are environment-friendly as well. Other enabling factors such as favourable environmental regulations & policies, investments/funds provided by the North American and European governments for R&D and commercialization of second generation biofuels, also drive growth of the second generation biofuels market.

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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.

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.

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To leverage opportunities that are imminent, many companies are setting up plants for production of second generation biofuels. POET-DSM Advanced Biofuels LLC has recently opened its first commercial-scale cellulosic ethanol plant with the capacity of producing 20 million gallons per year, named "Project LIBERTY" in Iowa that uses corncobs, husk, leaves and stalk as feedstock. The key market players operating in different segments of market are Algenol Biofuels, Abengoa bioenergy, GranBio, INEOS Bio, Inbicon, Clariant, ZeaChem, DuPont Industrial Biosciences.

LIST OF FIGURES

FIG. 1 TOP IMPACTING FACTORS, MODERATE GROWTH SCENARIO (2020 - 2025)
FIG. 2 TOP IMPACTING FACTORS, RAPID GROWTH SCENARIO (2020 - 2025)
FIG. 3 TOP IMPACTING FACTORS, DIMINISHING GROWTH SCENARIO (2020 - 2025)
FIG. 4 TOP INVESTMENT POCKET IN SECOND GENERATION BIOFUEL PRODUCT MARKET
FIG. 5 TOP FACTORS IMPACTING ON THE GLOBAL SECOND-GENERATION BIOFUELS MARKET
FIG. 6 VALUE CHAIN ANALYSIS OF SECOND GENERATION BIOFUELS
FIG. 7 MARKET SHARE ANALYSIS OF SECOND GENERATION BIOFUELS
FIG. 8 PRODUCTION PROCESS OF ALGAE-BASED BIOFUEL
FIG. 9 GLOBAL BIODME MARKET VOLUME BY GEOGRAPHY, 2013-2020(MGY)
FIG. 10 GLOBAL BIODME MARKET REVENUE BY GEOGRAPHY, 2013-2020($MILLION)
FIG. 11 SWOT ANALYSIS OF ALGENOL BIOFUELS
FIG. 12 FINANCIAL REVENUE OF ABENGOA BY GEOGRAPHY (2013)
FIG. 13 SWOT ANALYSIS OF ABENGOA BIOENERGY
FIG. 14 SWOT ANALYSIS OF POET-DSM ADVANCED BIOFUELS
FIG. 15 SWOT ANALYSIS OF GRANBIO
FIG. 16 SWOT ANALYSIS OF INEOS BIO
FIG. 17 FINANCIAL REVENUE OF DONG ENERGY A/S BY BUSINESS SEGMENT (2013)
FIG. 18 SWOT ANALYSIS OF INBICON
FIG. 19 PRODUCT REVENUE OF KIOR INC., (2013)
FIG. 20 SWOT ANALYSIS OF KIOR
FIG. 21 SWOT ANALYSIS OF ZEACHEM, INC
FIG. 22 FINANCIAL REVENUE OF DUPONT BY BUSINESS SEGMENT (2013)
FIG. 23 SWOT ANALYSIS OF DUPONT
FIG. 24 SWOT ANALYSIS OF FIBERIGHT LLC
FIG. 25 SWOT ANALYSIS OF CLARIANT PRODUKTE GMBH

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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