Second Generation Biofuels Market Will Generate New Growth Opportunities : Algenol Biofuels, Abengoa bioenergy, GranBio, INEOS Bio, Inbicon, Clariant, ZeaChem, DuPont Industrial Biosciences

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.

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.

Request for Report Customization:https://www.alliedmarketresearch.com/request-for-customization/586

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.

Key Findings of Second Generation Biofuels Market:
• Currently, North America holds largest market share, followed by Europe in the overall second generation biofuels market in terms of production
• Among all feedstock used (corn Stover, corn cob, algae, bagasse, straw, wood waste, cellulose, mixed biomass, hardwood, forest residue, animal waste), high volume of second generation biofuels will be produced from algae, due to its oil content, resulting in high yield production
• Some of the leading companies operating in the global second generation biofuels (advanced biofuels) market are Abengoa, POET-DSM, DuPont, GranBio, INEOS Bio and Inbicon
• Most of the market players are focusing on mainly two strategies, namely partnership & collaborations and seeking approvals as key developmental strategies

Get detailed COVID-19 impact analysis on the Second Generation Biofuels (Advanced Biofuels) Market:https://www.alliedmarketresearch.com/request-for-customization/586?reqfor=covid

The key market players operating in different segments of market are Algenol Biofuels, Abengoa bioenergy, GranBio, INEOS Bio, Inbicon, Clariant, ZeaChem, DuPont Industrial Biosciences.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research/

About Us
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.

This release was published on openPR.