Market Snapshot:
Second-generation biofuels are produced from different types of non-food biomass. Rising government initiatives for increasing production of second-generation biofuels to reduce greenhouse gas emissions driving the market demand. For instance, the California Air Resources Board approved two Midwest ethanol plants for California with Visalia, California,-based Edeniq's technology. This technology allows producers to measure the amount of cellulosic ethanol produced from corn fiber. Moreover, rising demand from the developing economies further propelling market growth.
Market Drivers
- Increasing Demand for Advanced Biofuels to Minimize Greenhouse Gas Emissions
- Government Initiatives for Promoting Second Generation Biofuels
Market Trend
- Technological Advancement for Mass Production of Second Generation Biofuels
Restraints
- Stringent Government Regulations Regarding Biofuels
- High Initial Capital Investment
The Second-generation Biofuels market framework should serve as a basic structure to support the strategic decision-making process for Manufacturers. For instance, the question of whether a Manufacturers wants to expand in other areas of the market value chain would fundamentally determines its strategy.
What is the current setup of the Second-generation Biofuels Industry, and what is its growth trajectory through 2026?
Trends that might impact the resulting strategic moves of the Manufacturers
How can Manufacturers take advantage of the changing market dynamics and capture new opportunities lying in Second-generation Biofuels market?
The key Manufacturers profiled in the report are Algenol Biofuels (United States), Abengoa (Spain), POET-DSM (United States), GranBio (United States), INEOS Bio (United States), Inbicon (Denmark), Clariant (Switzerland), ZeaChem (United States) and DuPont (United States). Additionally, other players that are part of this comprehensive study are Fujian Zhongde Energy Co., Ltd (China), Gevo, Inc. (United States) and TerraVia (United States).