A recent report published by Infinium Global Research on second
generation biofuels market provides an 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 the 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,
includes 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 the production
of clean energy are anticipated to drive the market with governments in North
America and Europe providing an incentive to 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.
Please Choose One of them.