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Second Generation Biofuels Market is Expected to Reach $23.9 Billion, Global, by 2020

Currently, biodiesel is the highest produced second-generation biofuel; however, cellulosic ethanol would surpass it in the next couple of years. Ease of production of Cellulosic ethanol will be a principal driver that would contribute to the economies of scale. Furthermore, the cellulosic ethanol market is forecast to grow at a CAGR 52.2% during 2014-2020, due to the rapid growth in technologies for mass production

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Second Generation Biofuels Market is Expected to Reach $23.9 Billion, Global, by 2020

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  1. Second Generation Biofuels (Advanced Biofuels) Market Opportunities and Forecasts, 2014 - 2022

  2. Second Generation Biofuels (Advanced Biofuels) (Future and Growth) • Future and Growth of the Market • Global market is expected to garner $23.9 billion by 2020 • Registering a cagr of 49.4% during the forecast period 2014 – 2020 • 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.

  3. Second Generation Biofuels (Advanced Biofuels) (Factors Contributing to Market Growth) • Factors Contributing to Market Growth • Cellulosic ethanol would surpass biodiesel and eventually lead the market by 2020 • Second generation biofuel production is more energy efficient than the conventional fossil fuels • Biofuels minimize greenhouse gas (ghg) emissions by over 90%; thus, are more environment-friendly. • Commercial production and adoption of advanced biofuels; 

  4. Second Generation Biofuels (Advanced Biofuels): Key Factors • Key Factors of the Market: • Global market for second generation biofuel is gaining traction with production and supply of cellulosic ethanol and biodiesel as prime growth drivers during the forecast period (2014 - 2020) • Cellulosic ethanol segment will grow at a CAGR of 52.2% during the forecast period, fastest among all types of second generation biofuels • Currently, North America holds largest market share, followed by Europe • 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 • Most of the market players are focusing on mainly two strategies, namely partnership & collaborations and seeking approvals as key developmental strategies

  5. Second Generation Biofuels (Advanced Biofuels) Market Segmentation The Market is segmented based on FUEL TYPE, FEEDSTOCK TYPE

  6. Second Generation Biofuels (Advanced Biofuels) : Market Segmentation • Geographically, the Market is segmented by: • North America generated largest revenue, as it has over 50% of the globally installed capacity base. • Europe is the next second generation biofuels market in terms of production • Other countries generating revenue in the market are Asia-Pacific and LAMEA

  7. Second Generation Biofuels (Advanced Biofuels):Key Players • Key Players of the Market are • INEOS New Planet BioEnergy, • Poet-DSM Advanced Biofuels LLC • CanergyLLC • Abengoabioenergy • Amyrisand • Enerkem

  8. Summary Currently, biodiesel is the highest produced second-generation biofuel; however, cellulosic ethanol would surpass it in the next couple of years. Ease of production of Cellulosic ethanol will be a principal driver that would contribute to the economies of scale. Furthermore, the cellulosic ethanol market is forecast to grow at a CAGR 52.2% during 2014-2020, due to the rapid growth in technologies for mass production To Know more about Second Generation Biofuels ( Advance Biofuels) visit : https://www.alliedmarketresearch.com/second-generation-biofuels-market Follow us on

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