A recent report published by Infinium Global Research on second generation biofuels market provides in-depth analysis of segments and sub-segments in the global as well as regional second generation biofuels market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional second generation biofuels market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global second generation biofuels market. According to the report, the global second generation biofuels market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Second generation bio plants are operating in all regions of the world and bringing far more favorable energy balances to biofuels production. Second generation liquid biofuels are seen as a favorable future technology for meeting global energy demand in the transport sector that is presently dominated by fuels derived from crude oil. Second generation biofuels are a lower carbon option than first generation biofuels in terms of their effects. It is produced from cellulose, hemicellulose or lignin and can be mixed with petroleum-based fuels. It produces better energy output than fossil fuels, include an abundant larger array of feedstock options, reduces competition on land and has much less environmental impacts. Innovation and focus on cost-cutting techniques, eco-friendly nature of biofuels and more inclination towards usage of biofuels and growth opportunities are some projecting trends in the market.
The demand for second generation biofuels increasing due to its energy efficiency output than conventional fossil fuels and environment-friendly properties. Furthermore, the factors such as favorable environmental regulations & policies, investments by the North American and European governments for R&D and commercialization of second generation biofuels are driving the growth of the market. The need to produce clean and sustainable energy with minimal environmental impact is fueling the growth of the market. However, the highly volatile crude oil prices in the global market hamper the growth of the market. Moreover, the countries dependent on oil imports will provide lucrative opportunities for the second generation biofuels market.
Geographically, North America dominates the global second generation biofuels market followed by Europe. Favorable regulations and financial support from the governments of developed regions drive the growth of the market in these regions. Global laws about the reduction of greenhouse gasses and production of clean energy are anticipated to drive the market with governments in North America and Europe providing an incentive to the second generation biofuels manufacturers. Asia-Pacific is expected to be the fastest growing region for the second generation biofuels market owing to the rising population, increasing income levels, and rapid urbanization in this region.
The report on global second generation biofuels market covers segments such as fuel type, and feedstock type. On the basis of fuel type, the sub-markets include cellulosic ethanol, biodiesel, bio butanol, bio DME, and other fuel types. On the basis of feedstock type, the sub-markets include simple lignocellulose, complex lignocellulose, algae, and other feedstock types.
The report provides profiles of the companies in the market such as Chemrec Inc., Blue Marble Biomaterials LLC, Algenol, DuPont Danisco Cellulosic Ethanol LLC, Fujian Zhongde Energy Co., Ltd, Gevo, Inc., Gushan Environmental Energy Ltd., PetroSun, Inc., Sapphire Energy, Solazyme, Inc., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of second generation biofuels market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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