Second Generation Biofuels Market is encountering new opportunities & technological advancements by Key Market Players (Abengoa Bioenergy, DuPont Industrial Biosciences, POET-DSM Advanced Biofuels) | Forecast to 2032

Market size value in 2024 - USD 10.61 Billion
Market size value in 2030 - USD 67.40 Billion
CAGR (2023-2030) - 26.0%
Forecast Period - 2024-2032
Historic Data - 2019
Segments Covered - Type, Application, Feedstock, Process & Region
Geographies Covered - North America, Europe, Asia Pacific, and RoW
Sample of Companies Covered - Beta Renewables, GranBio, Clariant AG, INEOS Bio

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Browse in-depth TOC

144 - Tables
99 - Figures
362 - Pages

Market Dynamics
Drivers:
• Enhancing Environmental Sustainability and Mitigating
Climate Change
• Environmental Benefits of using Secondary Biofuel
• Advancements in Technology

Opportunities:
• Expansion in Emerging Markets
• Favorable Regulatory Environment
Advancement of Cutting-Edge Technologies

The Second Generation Biofuels market is dominated by North America:

In 2024, North America, especially the United States, is a dominant force in the second-generation biofuels market for various reasons. The region's strong dedication to renewable energy and environmental sustainability has resulted in substantial investments in biofuel research and development. The U.S. Renewable Fuel Standard (RFS) requires the blending of renewable fuels with gasoline, creating a significant market for biofuels. Moreover, North

America boasts a well-established infrastructure for biofuel
production, distribution, and utilization.
For instance, Advanced biofuel production plant in Emmetsburg, Iowa, known as Project LIBERTY. This facility, a partnership between POET and DSM, transforms corn stover into cellulosic ethanol, showcasing the commercial feasibility of second-generation biofuels. The achievements of such initiatives highlight the region's leadership in biofuel innovation and production capabilities. Additionally, collaborations between industry and academia, supported by government initiatives, are propelling advancements in biofuel technologies, cementing North America's status as a market frontrunner.

Europe stands out as a prominent player in the second-generation biofuels market, primarily due to strict environmental regulations and ambitious renewable energy goals. The European Union's Renewable Energy Directive (RED) mandates specific targets for the utilization of renewable energy sources, including biofuels, in the transportation sector. This regulatory framework has encouraged investments in second-generation biofuel initiatives throughout the continent.

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Top Key Players covered in the market report:
Abengoa Bioenergy
DuPont Industrial Biosciences
POET-DSM Advanced Biofuels
Beta Renewables
GranBio
Clariant AG
INEOS Bio
Novozymes
Enerkem
LanzaTech

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Segmentations Analysis of Digitally Printed Wallpaper Market: -
• By Type
• By Application
• By Feedstock
• By Process
• By Region

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