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2022
Second Generation Biofuels Market

Second Generation Biofuels Market

by Feedstock (Simple Lignocellulose, Complex Lignocellulose, Syngas, Algae, and Others), Application (Transportation, Power Generation and Others), Type (Cellulosic Ethanol, Biodiesel, Bio Butanol, Bio Dme, and Others), and Process (Biochemical Process and Thermochemical Process): Global Opportunity Analysis And Industry Forecast, 2021-2030

✷  Report Code: A00474
Pages: 255
Feb 2022 | 30938 Views
Author(s) : Prakhar J , Eswara P
Tables: 233
Charts: 51
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COVID-19

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Second Generation Biofuels Market Outlook - 2030

The global second generation biofuels market size was valued at $5.5 billion in 2020, and is projected to reach $54.8 billion by 2030, growing at a CAGR of 26.4% from 2021 to 2030. Biofuels are produced through contemporary biological processes, such as anaerobic digestion rather than a fuel produced by geological processes. Second-generation biofuels are produced from non-food crops such as organic waste, wood, biomass crops, and food crop waste.

Emergence of COVID-19 had a negative impact on the growth of the global second generation biofuels market during this period. This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, led to shutdown of many manufacturing industries led to decline in demand for second generation biofuels during this period.

Increase in concerns toward the hazardous effects of greenhouse gas (GHG) emissions, caused predominantly by the combustion of fossil fuels into the environment is anticipated to help in the growing installation of biofuels generation plants or bio-refineries worldwide. Production of biofuels by the means of aerobic/anaerobic digestion of biomass assists in limiting the usage of fossil fuels for power generation or fueling automobiles, is anticipated to have a positive impact on the market for porous electrodes for electrolysis. According to the International Energy Agency (IEA), biofuels are likely to substitute enough petroleum products to avoid the gigatons of carbon dioxide emission each year if produced sustainably as much as net carbon dioxide absorbed by the oceans.

Second-Generation-Biofuels-Market

Energy sector incorporates many opportunities for growth of the market for next generation biofuels. This is expected to emerge as a replacement for traditional fuels, including diesel and petrol. As a cleaner, greener energy source, the number of SOx and NOx in addition to GHG emissions is less with compared to hydrogen as a fuel, thus the inclination of populace as well as government regulations are in its favor. This is one of the major drivers of the second generation biofuels market.

The most critical challenge for the growth of second generation biofuels market is acquisition of economical feedstock. Feedstock cost adds 80 to 90% of the ultimate fuel price for many processes and is crucial to the economic feasibility of second generation biofuels. Feedstock costs continue to be relatively high which is often due to processing (shredding, densifying, pulverizing, and handling) and transportation of the feedstock, and not necessarily due to growing them. The Global second generation biofuels market is segmented into feedstock, type, process, application, and region. 

On the basis of feedstock, the global second generation biofuels market is categorized into simple lignocellulose, complex lignocellulose, syngas, algae, and others. By type, the global market is categorized into cellulosic ethanol, biodiesel, bio butanol, bio DME, and others. By process, the global market is categorized into biochemical process and thermochemical process. On the basis of application, the market is categorized into transportation, power generation, and others.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.  North America accounted for the largest share of the market in 2020, with Asia-Pacific being the fastest growing region. The major companies profiled in second generation biofuels industry are Algenol Biofuels, Clariant AG, DuPont Nutrition & Biosciences, Fiberight LLC., GranBio, Ineos Group, Orsted AG, POET-DSM Advanced Biofuels LLC, Reliance Industries, and Zea2 LLC. 

Second Generation Biofuels Market, By Region

North America is dominant in the global second generation biofuels market. The U.S. has been one of the leading countries in the development and utilization of biofuels on a global level. Bioethanol is one of the majorly produced and utilized biofuel in the country which is majorly made from corn grain and is abundantly available in the U.S. Bioethanol is blended with gasoline and sold in variants of E10 and E85 in the U.S., which has majorly driven the adoption of biofuels in the country.

Second Generation Biofuels Market
By Region

2030
North America 
Europe
Asia-Pacific
LAMEA

North America holds a dominant position in 2020

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Global Second Generation Biofuels Market, By Type

Others segment dominated the global second generation biofuels market attributed to rise in policies toward excessive emission fuels within the transportation area is likewise contributing to the general dimethyl ether (DME) demand because it has better cetane variety which presents a higher ignition fee to in the end lessen pollution from the environment. These traits are anticipated to generate increased revenues for the market with in the upcoming years. Bio-oils are also being used in various medical and skin care products, which is anticipated to foster the market growth. 

Second Generation Biofuels Market
By Type

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Others segment is projected as the most lucrative segment.

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Global Second Generation Biofuels Market, By Process

The thermochemical process segment exhibited the highest market share. Agricultural biomass as a strength aid has numerous environmental and inexpensive benefits which has the capacity to make contributions towards the growing gasoline demand. In addition, productiveness and compatibility with current infrastructure facilities is boosting the thermochemical conversion when compare to others. Thermochemical transformation is truly impartial with environmental situations for manufacturing purposes. Due to this above mentioned factors thermochemical biofuels are expected to grow in the forecast period.

Second Generation Biofuels Market
By Process

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Thermochemical Process segment is projected as the most lucrative segment.

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Global Second Generation Biofuels Market, By Feedstock

The complex cellulose segment led the global second generation biofuels market. Complex lignocellulose are complex molecular structures, comprising several polysaccharides, phenolic polymers, and proteins. Complex lignocellulosic are biomass consisting several materials such as non-starch based fibrous part of plant material with distinctive physical and chemical characteristics. It is the non-starch based fibrous part of plant material.

Second Generation Biofuels Market
By Feedstock

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Complex Lignocellulose segment is projected to create abundant $ opportunity till 2030

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Global Second Generation Biofuels Market, By Application

The transportation segment led the global second generation biofuels market. Trends in the transportation industry propose that transportation will remain a massive section of the global market. The industry is projected to experience growth for at least next 30-40 upcoming years. Though logistics will not be declining much, distresses over the pollution and highway congestion will be talking points in the future. Some corporations have moved to using more eco-friendly modes of transportation like EV, biofuels, and others in order to cut down on carbon emissions.

Second Generation Biofuels Market
By Application

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Transportation segment is projected to create abundant $ opportunity till 2030

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COVID-19 Analysis

Emergence of COVID-19 had a negative impact on the growth of the global second generation biofuels market during this period. This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, led to shutdown of many manufacturing industries led to decline in demand for second generation biofuels during this period. The decrease in demand for many non-essential products and shut down of construction have created a negative impact on the development of global market. Thus, the above mentioned factors are expected to have negative impact the global second generation biofuels market growth during the pandemic period.

Key Benefits for Stakeholders

  • This report provides a detailed quantitative analysis of the current global second generation biofuels market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities. 
  • An in-depth global second generation biofuels market analysis of various countries in this region is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the global second generation biofuels market is provided.
  • Region-wise and country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value and volume.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global second generation biofuels market.

Second Generation Biofuels Market Report Highlights

Aspects Details
By Type
  • Cellulosic Ethanol
  • Biodiesel
  • Bio Butanol
  • Bio Dme
  • Others
By Feedstock
  • Simple Lignocellulose
  • Complex Lignocellulose
  • Syngas
  • Algae
  • Others
By Process
  • Biochemical Process
  • Thermochemical Process
By Application
  • Transportation
  • Power Generation
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Thailand, Rest of Asia Pacific)
  • LAMEA  (Brazil, Saudi Arabia, Israel, Rest of LAMEA)
Key players in the global second generation biofuels market are:
  • Algenol Biofuels
  • Clariant AG
  • DuPont Nutrition & Biosciences
  • Fiberight LLC.
  • GranBio
  • Ineos Group
  • Orsted AG
  • POET-DSM Advanced Biofuels LLC
  • Reliance Industries
  • Zea2 LLC.
 

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The global second generation biofuels market is likely to gain traction during the forecast period as a result of government regulations and policies aimed at developing potentially underutilised waste agricultural resources.. 

Increase in demand for safe, sustainable, and clean energy supplies drive the demand for second-generation biofuels across the globe. Global consumption of biofuels increased significantly during the forecast period due to tighter regulations on mixing biofuels with vehicle fuels and increased government support for eco- friendly alternative fuels. According to International Energy Agency (IEA) estimates, global energy consumption is expected to increase by 15% by 2050 compared to 2020,. Increase in environmental needs are looking at cleaner, renewable, and sustainable energy resources to meet ever-increasing fuel demand. The increase in demand for biofuels is mainly due to the increase in energy demand for road transport. For example, the IEA's Tracing Transport reported that biofuel production for transport has increased by more than 6% year-on-year in 2019 and will increase by 3% each year over the next few years. 

The CXOs further added that the outbreak of the novel coronavirus led to the investment of governments in developing countries toward the development of alternative for fossil fuels in order to strengthen national security related to energy. The presence of the government and private institute support to develop these refineries led to increase the demand for second generation biofuels equipment. The government policies towards zero carbon emission and the presence of ambitious mandates set by various countries to blend biofuels with conventional fuels, to reduce the dependency on fossil fuels has boosted the demand for second generation biofuels market across the world.
 

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FREQUENTLY ASKED QUESTIONS?

A. Power, automotive and aviation sector are the potential customers of Second Generation Biofuels industry as it is cost effective and eco-friendly compared to other fuel sources.

A. Agreement, collaboration, partnership, and product launch are the key growth strategy for Second Generation Biofuels market players in order to attract the end users.

A. To get latest version of second generation biofuels market report can be obtained on demand from the website.

A. The thermochemical process segment exhibited the highest market share.

A. Algenol Biofuels, Clariant AG, DuPont Nutrition & Biosciences, Fiberight LLC., GranBio, Ineos Group, Orsted AG, POET-DSM Advanced Biofuels LLC, Reliance Industries, and Zea2 LLC.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. Rapid development of transportation infrastructure, depletion of fossil fuel resources, government policies to strengthen against energy securities and technological advancements especially in the extracting and processing technology of waste to biofuels and energy are major driving factors and opportunities in the Second Generation Biofuels market.

A. Asia-Pacific will provide more business opportunities for Second Generation Biofuels in future, owing to rapid development of transportation infrastructure facilities and increasing demand for oil and presence of less fossil fuel resources in this region.

A. Increase in government policies to strengthen the energy securities by investing in the biofuel production plants and to reduce the environmental impact of fossil fuel through these alternative biofuels is a major influencing factor for the growth of the market in the coming years.

A. Energy source for transportation vehicles and in some cases it is also used as fuel in the thermal power plants. The above mentioned are the key applications expected to drive the adoption of Second Generation Biofuels.

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