Second- and Third-Generation Biofuels Market is expected to reach at $57.12 Billion by 2022 with winning companies like Algenol Biofuels, Inc., Abengoa S.A., Blue Marble Biomaterials, Sapphire Energy, Inc., Chemrec AB, GranBio, DONG Energy A/S, INEOS Bio,

Second- & third-generation biofuels market is expected to grow at a substantial growth rate during the forecast period, owing to factors such as support by governments globally in the form of blending mandates. In addition, funding by various private & government organizations to support R&D in the field of advanced biofuels, environmental benefits related to advanced biofuels over conventional first-generation biofuels, and rise in awareness among public for energy security supplement the market growth. However, issues such as high investment expenses at initial stages and lack of land availability for growing raw material crops are expected to hamper the market growth during the forecast period. Asia-Pacific region provides lucrative opportunities to key players for setting up new manufacturing plants and investments in the market, owing to abundant raw material availability, favorable environmental regulations, and low manufacturing costs.

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According to a new report published by Allied Market Research, titled, Second and Third-Generation Biofuels Market by Generation, Biofuel Type, Feedstock, and Application: Global Opportunity Analysis and Industry Forecast, 2014-2022," the second and third-generation biofuels market was valued at $3,574 million in 2015, and is projected to reach at $57,124 million by 2022, growing at a CAGR of 48.9% from 2016 to 2022. Transportation segment accounted for highest share of the total market in 2015.

Increase in investment in R&D focused toward reduction of production costs and biofuel support policies by various governments are anticipated to create lucrative opportunities for the market growth.

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Biofuels are fuels produced by a biochemical reaction using biological sources, such as raw materials. On the basis of production of biofuels, they can be categorized into first-, second, and third-generation. Second-generation or advanced biofuels are produced from non-food crops and wastes, such as forest residues, non-edible oils, crops, such as Miscanthus, and others. Third-generation biofuels are derived from algae, which is the most efficient source for biofuel production.

Key Benefits for Stakeholders

Comprehensive analysis of the drivers and restraints that affect the market growth is provided.
The report provides quantitative analysis of the current trends and future estimations from 2014 to 2022 to assist the stakeholders to identify prevalent market opportunities.
Top investment pockets highlight the opportunities in the most lucrative product segment.
Key players of the market are profiled and their strategies are analyzed to identify the global competitive outlook.
Market trends of major countries in each region are mapped according to the estimated revenue.

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The key players of the second- and third-generation biofuels market profiled in this report are Algenol Biofuels, Inc., Abengoa S.A., Blue Marble Biomaterials, Sapphire Energy, Inc., Chemrec AB, GranBio, DONG Energy A/S, INEOS Bio, Clariant, and ZeaChem, Inc.

The other players in the value chain (not profiled in the report) include American Process, Inc., Amyris, Inc., Butamax Advanced Biofuels, LLC., Enerkem, Emco Klimatechnik Gmbh & Co. KG, Gevo, Inc., POET, LLC., and Joule Unlimited, Inc.

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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