The global second-and third-generation biofuels market accounted for $3,574 million in 2015, and is expected to reach at $57,124 million by 2022, registering a CAGR of 48.9% from 2016 to 2022. Biofuels are fuels produced by a biochemical reaction using biological sources such as raw materials. Based on production, biofuels can be categorized into first-, second-, and third-generation biofuels. First-generation biofuels, also known as conventional biofuels, are prepared using food crops, such as soy, rapeseed, corn, and similar others. Second-generation or advanced biofuels are produced from non-food crops and waste, such as forest residues, non-edible oils, crops, such as Miscanthus, and others. Third-generation biofuels are derived from algae, which has proven to be the most efficient source for biofuel production. The market is expected to register a double-digit growth rate during the forecast period, attributed to the increased demand from the transportation and the power generation industry.
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Leading players of Second-and Third-Generation Biofuels Market:
Algenol Biofuels, Inc., Abengoa S.A., Sapphire Energy, Inc., Chemrec AB, GranBio, DONG Energy A/S, INEOS Bio, Clariant, ZeaChem, Inc., Blue Marble Biomaterials
The “Global Second-and Third-Generation Biofuels Market Analysis to 2022” is a specialized and in-depth study of the Second-and Third-Generation Biofuels market with a focus on the global market trend. The report aims to provide an overview of the global Second-and Third-Generation Biofuels market with detailed market segmentation by service, technology, industry vertical, and geography. The global Second-and Third-Generation Biofuels market is expected to witness high growth during the forecast period.
Segmentation by Biofuel Type:
Bioethanol, Biodiesel, Biobutanol, Bio-DME
Segmentation by Application:
Transportation, Power Generation
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Second-and Third-Generation Biofuels market based on the service, technology, and industry vertical. It also provides market size and forecast till 2022 for overall Second-and Third-Generation Biofuels market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM).
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The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
What the report features:-
- Global analysis of Second-and Third-Generation Biofuels Market from 2020 – 2022 illustrating the progression of the market.
- Forecast and analysis of Second-and Third-Generation Biofuels Market by Dosage, Route of Administration and Application from 2020 – 2022.
- Forecast and analysis of Second-and Third-Generation Biofuels Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Second-and Third-Generation Biofuels Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Second-and Third-Generation Biofuels Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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