Big Market research adds a report titled "Global Second Generation Biofuels - Size, Industry
Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020” "Global Second Generation Biofuels -
Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 –
2020”. The global second generation biofuels (or Advanced Biofuels as they are
called) market is expected to reach a market value of $23.9 billion by the year
2020 accounting to a 49.4% CAGR amid 2014 - 2020. Currently, biodiesel holds
the largest market share in terms of volume; however, cellulosic ethanol would lead
the market segment by the year 2020 owing to its commercial availability.
Generally we
refer to the first-generation biofuels as those mainly based on sugars, grains,
or seeds, requiring relatively simple processing to produce .As opposed to
this, second-generation biofuels would be generally made from non-edible
lignocellulose biomass, including residues of crops or Forestry production and
whole plant biomass e.g. energy crops such as switch grass and poplar. There is an increased interest in the
expansion in Second generation biofuels production as compared to conventional
biofuels (or first generation biofuels) due to many factors, the chief of them
being the former are more energy efficient and environmental friendly. These biofuels are less land and water
intensive and use residues from agriculture. Cellulosic ethanol biodiesel is in
the nascent stages of commercialization, while Biobutanol and BioDME are in the
laboratory/pilot phase of production. Owing to usage of high yield feedstock,
along with widespread reduction of GHG emissions, it is expected that Biodiesel
would have the highest market share in terms of production.
The government of various countries is actively supporting the
production of second generation biofuels by providing large fiscal initiatives,
easing restrictions on the acquiring of land for growing feedstock, setting up
state-owned distribution firms, funding R&D activities of the top companies
engaged in the production of such biofuels. As of now, the US is the country that has made
the largest investments in bioenergy R&D. Top market players are : Abengoa
bioenergy, Algenol Biofuels, INEOS Bio, ZeaChem, Clariant, Inbicon and GranBio
The report analyses the key drivers of
the growth of the second generation biofuels market laying down the strategies
that are adopted by top companies to overcome the roadblocks in the acquisition
of land for cultivation of feedstock. Another significant barrier in the
commercial production of such biofuels is cost. Typically the cost of biodiesel
produced from microalgae, a prospective feedstock comes at many times higher than
the current price of diesel. Due to very high oil content found in Algae, it is
considered to be the most preferred raw material which is used in the production
of second generation Biofuels.
