(EMAILWIRE.COM, September 01, 2015 ) Portland, OR -- Over recent years second generation biofuels are increasingly used to meet fuel demands all over the world. They are better alternative than conventional fossil fuels in terms of being more energy efficient and environmentally-friendly. Many factors are conducive for its growth such as appropriate environmental regulations & government policies, funding for R&D by different governments. The government of Europe & North America provide sufficient funding and incentives which have added to the commercialization
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On the basis of the types of biofuel the second generation biofuel market is categorized into BioDME,Cellulosic ethanol, Biodiesel and Biobutanol. Geographically the market is categorised into North America, Europe, Asia Pacific and LAMEA. Based on fuel, market is categorised into simple lignocellulose, Syngas/biomass/MSWAlgae and Complex lignocellulose.
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At present, many second generation biofuels such as Cellulosic ethanol, biodiesel are in the nascent stage of commercialisation, while BioDME and Biobutanol happen to be in the laboratory/pilot production phase. The global Second generation biofuels market is slated to grow at 49.4% CAGR amid the period 2014 - 2020 and expected to reach a value of $ 23.9 billion in the year 2020
As per the report various factors contribute to the growth of second generation biofuels market such as the use high yield feedstock and high propensity for reducing GHG emissions to mitigate climate change. With favourable regulations and extensive financial support from the governments of developed nations - North America and Europe, have helped garner a huge market share in the year 2013. However, this picture will go for a complete overhaul by the end of 2020.
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Many key players such Abengoa bioenergy, Algenol Biofuels, POET-DSM, INEOS Bio, GranBio, Inbicon, ZeaChem, Clariant, Fiberight LLC and DuPont Industrial Biosciences are showing great interest in setting up of production units. These manufacturing companies are profiled in the report. The study offers a comprehensive analysis of the global second generation biofuels market laying down current & future trends, which help to understand the key drivers of the market, the challenges and the opportunities to be encased by the market. It also offers SWOT analysis of the dominant market players, which give the companies a detailed analysis of the issues related to its commercial and availability of its feedstock so that the business players can decide on the dominant strategies to grow in the market.
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