The Second Generation Biofuels Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Second Generation Biofuels Global Market Report 2024, The second generation biofuels market size has grown exponentially in recent years. It will grow from $8.28 billion in 2023 to $10.61 billion in 2024 at a compound annual growth rate (CAGR) of 28.2%. The growth in the historic period can be attributed to policy support and regulatory frameworks, feedstock availability and diversity, investment and funding, oil price volatility, public awareness and perception.
The second generation biofuels market size is expected to see exponential growth in the next few years. It will grow to $26.71 billion in 2028 at a compound annual growth rate (CAGR) of 26.0%. The growth in the forecast period can be attributed to carbon intensity regulations, global energy transition, stricter emission standards, emergence of advanced feedstocks, increased private sector investment. Major trends in the forecast period include advancements in enzyme technology, international collaboration and trade agreements, technological advancements, collaboration and partnerships, techno-economic optimization.
The high usage of biofuels due to environmental benefits is expected to propel the growth of the second-generation biofuels market going forward. Biofuel is any liquid fuel created from biological material such as trees, agricultural waste, crops, or grass. Replacing fossil fuels with biofuels has the potential to alleviate some of the negative environmental effects of fossil fuel extraction and usage, such as conventional and greenhouse gas (GHG) pollution emissions, finite resource depletion, and reliance on volatile foreign suppliers. Hence, biofuel usage is safe for the environment, thus driving the growth of the second-generation biofuels market. For instance, in April 2023, according to the U.S. Bioenergy Statistics report published by the United States Department of Agriculture, a US-based federal department overseeing laws on farming, forestry, rural development, and food, Approximately 15.4 billion gallons of ethanol and 3.1 billion gallons of biodiesel and renewable fuel were produced in the United States in 2022. Therefore, the high usage of biofuels due to environmental benefits is driving the growth of the second-generation biofuels market.
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The second generation biofuels market covered in this report is segmented –
1) By Type: Cellulosic Ethanol, Biodiesel, Bio Butanol, Bio Dimethylether (DME), Other Types
2) By Process: Biochemical Process, Thermochemical Process
3) By Feedstock: Simple Lignocellulose, Complex Lignocellulose, Syngas, Algae, Other Feedstocks
4) By Application: Transportation, Power Generation, Other Applications
Strategic partnerships and collaborations are key trends gaining popularity in the second-generation biofuels market. Key players operating in the second-generation biofuels sector are focused on partnerships and collaborations to reinforce their position. For instance, in April 2023, Compania Espanola de Petroleos S.A.U., a Spain-based oil and gas company partnered with Bio-oils Huelva S.L.U., a Spain-based manufacturer of biodiesel. Through their partnership, the businesses have established a joint venture to advance the development of second-generation (2G) biofuels by building the biggest plant in southern Europe. Further, In November 2022, Shell Plc, a UK-based oil and gas company, announced an agreement with Razen to buy 3.25 billion liters of cellulosic ethanol made from sugar cane. As per the agreement, Shell Trading Rotterdam will purchase the cellulosic ethanol generated within the initial ten years of operation for any new site. Cellulosic ethanol from Raízen will have a carbon intensity around 75% lower than gasoline.
The second generation biofuels market report table of contents includes:
1. Executive Summary
2. Second Generation Biofuels Market Characteristics
3.Second Generation Biofuels Market Trends And Strategies
4.Second Generation Biofuels Market analysis
5.Second Generation Biofuels Market Size And Growth
6.Second Generation Biofuels Second Generation Biofuels Segmentation
7.Second Generation Biofuels Regional And Country Analysis
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27.Second Generation Biofuels Competitive Landscape And Company Profiles
28.Second Generation Biofuels Key Mergers And Acquisitions
29.Second Generation Biofuels Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- TotalEnergies SE
- Reliance Industries Limited
- INEOS Group Limited
- The Andersons Inc.
- International Flavors & Fragrances Inc.
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The Second-generation Biofuels Market Analysis research report includes specific segments by region (country), by manufacturers, by Type and by Application.
Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-secondgeneration-biofuels-2021-291 Segment by TypeSecondary SourcesPrimary SourcesSegment by ApplicationIndustrial FuelsTransportation FuelsChemical IndustryBy CompanyDowDuPontDSMBeta RenewablesIogenAbengoa Bioenerg?aAlliance BioEnergy PlusAemetisAmyrisAnhui BBCA BiochemicalBFT Bionic Fuel Technologies AGBioGasolBioMCNBP BiofuelsChemrecLonglivePOET-DSMGranBioFiberightProduction by RegionNorth AmericaEuropeChinaJapanConsumption by RegionNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGet the Complete Report & TOC @ https://www.grandresearchstore.com/energy-and-natural-resources/global-secondgeneration-biofuels-2021-291Table of content1 Second-generation Biofuels Market Overview1.1 Product Overview and Scope of Second-generation Biofuels1.2 Second-generation Biofuels Segment by Type1.2.1 Global Second-generation Biofuels Market Size Growth Rate Analysis by Type 2021 VS 20271.2.2 Secondary Sources1.2.3 Primary Sources1.3 Second-generation Biofuels Segment by Application1.3.1 Global Second-generation Biofuels Consumption Comparison by Application: 2016 VS 2021 VS 20271.3.2 Industrial Fuels1.3.3 Transportation Fuels1.3.4 Chemical Industry1.4 Global Market Growth Prospects1.4.1 Global Second-generation Biofuels Revenue Estimates and Forecasts (2016-2027)1.4.2 Global Second-generation Biofuels Production Estimates and Forecasts (2016-2027)1.5 Global Second-generation Biofuels Market by Region1.5.1 Global Second-generation Biofuels Market Size Estimates and Forecasts by Region: 2016 VS 2021 VS 20271.5.2 North America Second-generation Biofuels Estimates and Forecasts (2016-2027)1.5.3 Europe Second-generation Biofuels Estimates and Forecasts (2016-2027)1.5.5 China Second-generation Biofuels Estimates and Forecasts (2016-2027)1.5.5 Japan Second-generation Biofuels Estimates and Forecasts (2016-2027)2 Market Competition by Manufacturers2.1 Global Second-generation Biofuels Production Market Share by Manufacturers (2016-2021)2.2 GlobIf You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/global-secondgeneration-biofuels-2021-291CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
Global Second-generation Biofuels Market Research Report 2019-2023The Global Second-generation Biofuels Market report begins with the explanation of the market terms and technicalities to update the customer about the latest developments in the market and what is to be expected in the Second-generation Biofuels in terms of the future expectations.
Understanding of the new products and developments in the Second-generation Biofuels helps the customer understand which direction is the best to move towards that can help them tackle the competition better.
Hence the Global report also covers an exhaustive list of the top players in the Second-generation Biofuels along with their detailed company profile and product catalogue, as well as their new developments in the Second-generation Biofuels.The report is an in-depth study of the Second-generation Biofuels from across the globe with a special focus towards the Chinese market owing to its vast nature and record breaking growth rate over the past decade.
The Global Second-generation Biofuels report covers the intricate details about the Second-generation Biofuels across various parameters such as the value and volume of the Second-generation Biofuels, along with its different segmentations such as end users, applications, regional segmentation, etc.
The Global report further provides key actionable insights to the customer about the market which assists them in realizing healthy growth in the Second-generation Biofuels.Ask for Sample Copy of this Report: https://www.orbisresearch.com/contacts/request-sample/2527365 Post this, there is a healthy amount of coverage of the market economics such as the demand and supply, and cost and profit of the Second-generation Biofuels.
This holds key importance for customers and hence this information is well supported with due statistics that are represented in easy to consume graphs, charts, and tables.
