Global Second Generation Biofuels Market
The Global Second Generation Biofuels Market was valued at US$6.9702 billion in 2021 and it is expected to reach at US$50.7102 billion in 2027 at a CAGR of 23.55 % during forecast period 2022-2027.
Biofuels are created by modern biological processes such anaerobic digestion, as opposed to conventional fuels, which are produced through geological processes. Second-generation biofuels, also known as cellulosic ethanol or olive-green fuel, are typically derived from non-food yields like wood, vegetable oil, waste from industrial processes, waste from agriculture, waste from forestry, waste from forestry operations, waste from forestry operations, and waste from ecological biomass plants.
Market Drivers
The production of biofuels through the aerobic/anaerobic digestion of biomass, which helps to reduce the usage of fossil fuels for power generation or vehicle fueling, is anticipated to benefit the market for porous electrodes for electrolysis. According to the International Energy Agency (IEA), biofuels will likely replace enough petroleum products to stop the annual emission of gigatons of carbon dioxide if they are produced sustainably the same volume as the net carbon dioxide absorbed by the oceans. The overall market will grow as a result of the increased demand for second generation biofuels.
Market Restraints
The most significant challenge to the market growth of second-generation biofuels is the acquisition of cost-effective feedstock. The second generation of biofuels also come with a number of challenges, including the competition for land and water use and sophisticated downstream processes. These issues also represent a significant obstacle to the market expansion for second-generation biofuels.
COVID-19 Impact on Second Generation Biofuels Market
The market for second generation biofuels was adversely affected by the coronavirus epidemic. The availability of low-wage employees, which led to the closure of numerous manufacturing companies, and the drop in demand for second-generation biofuels during this period are primarily responsible for this effect. The unexpected outbreak caused lockdowns at various levels and the suspension of operations in a number of industrial sectors. The pandemic has had an influence on almost all industries, and it has also considerably hampered a number of industrial processes and damaged the supply chain.
Market Segmentation
The second generation biofuels market is segmented into process and application .On the basis of process it segmented into biochemical process and thermochemical process. On the basis of application it segmented into transportation, power generation and others.
Regional Analysis
The global second generation biofuels market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of market share and revenue, North America now dominates the second generation biofuels industry and will maintain its dominance during the projection period. On the other hand, Asia-Pacific is anticipated to have profitable growth during the projection period due to the region's larger paying capacities and increased efforts toward sustainable development.
Key Players
Various key players are listed in this report such as Poet, LLC (U.S.), ADM (U.S.), Flint Hills Resources (U.S.), The Andersons, Inc. (U.S.), Raizen (Brazil), Copersucar (Brazil), Abengoa (Spain), Advanced Enzyme Technologies (India), Tropical Agro (India), China Petrochemical Coporation (China).
Market Taxonomy
By Process
By Application
Key Question Addressed by the Report
Global Second Generation Biofuels Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Second Generation Biofuels Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Second Generation Biofuels Market, By Process
5.1 Y-o-Y Growth Comparison, By Process
5.2 Global Second Generation Biofuels Market Share Analysis, By Process
5.3 Global Second Generation Biofuels Market Size and Forecast, By Process
5.3.1 Biochemical Process
5.3.2 Thermochemical Process
6 Global Second Generation Biofuels Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Second Generation Biofuels Market Share Analysis, By Application
6.3 Global Second Generation Biofuels Market Share Analysis, By Application
6.3.1 Transportation
6.3.2 Power Generation
7 Global Second Generation Biofuels Market, By Region
7.1 Global Second Generation Biofuels Market Share Analysis, By Region
7.2 Global Second Generation Biofuels Market Share Analysis, By Region
8 North America Second Generation Biofuels Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Second Generation Biofuels Market Share Analysis, By Process
8.3 North America Second Generation Biofuels Market Size and Forecast, By Application
8.4 North America Second Generation Biofuels Market Size and Forecast, By Country
8.5.1 U.S
8.5.2 Canada
8.5.3 Mexico
9 Europe Second Generation Biofuels Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Second Generation Biofuels Market Share Analysis, By Process
9.3 Europe Second Generation Biofuels Market Size and Forecast, By Application
9.4 Europe Second Generation Biofuels Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Second Generation Biofuels Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia-Pacific Second Generation Biofuels Market Size and Forecast, By Process
10.3 Asia-Pacific Second Generation Biofuels Market Size and Forecast, By Application
10.4 Asia-Pacific Second Generation Biofuels Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Second Generation Biofuels Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Second Generation Biofuels Market Size and Forecast, By Process
11.3 Latin America Second Generation Biofuels Market Size and Forecast, By Application
11.4 Latin America Second Generation Biofuels Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2. Rest of Latin America
12 Middle East Second Generation Biofuels Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Second Generation Biofuels Market Share Analysis, By Process
12.3 Middle East Second Generation Biofuels Market Size and Forecast, By Application
12.4 Middle East Second Generation Biofuels Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.2. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1. Poet, LLC (U.S.)
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. ADM (U.S.)
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Flint Hills Resources (U.S.)
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4. The Andersons, Inc. (U.S.)
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5. Raizen (Brazil)
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6. Copersucar (Brazil)
14.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7. Abengoa (Spain)
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8. Advanced Enzyme Technologies (India)
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9. Tropical Agro (India)
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10. China Petrochemical Coporation (China)
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
