Tuesday, 7 July 2015

Global second generation biofuels market would reach $23.9 billion by the year 2020, growing at a CAGR of 49.4% over the period 2014 - 2020.

Researchbeam adds a report titled “Global Second Generation Biofuels (Advanced Biofuels) Market (Fuel Types, Feedstock Types and Geography), Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 – 2020”. As per the report the global second generation biofuels or advanced biofuels market would reach $23.9 billion by year 2020 growing at a 49.4% CAGR amid the period 2014 - 2020.The recent rapid growth of the second generation biofuel market as they are more energy efficient and also environmental friendly. 

The report offers a detailed account of the current and future market growth prospects and market share and size of key market players. 

The study offers how government of Europe and the US are supporting the production of these advanced biofuels by providing financial assistance and easing stringent restrictions on availability of land for the production of feedstock production. This has led key manufacturers such as Algenol Biofuels, Inbicon, and DuPont Clariant, Industrial Biosciences are investing money and resources in setting up their manufacturing plants across the globe. The report further offers a comprehensive analysis of the innovative strategies implemented by these companies along with the major issues and potentials related to commercial production of second generation biofuels.

The study highlights the dominant market condition which are conducive to the markets for these advanced biofuels in the future and market strategies implemented by prominent companies in order to gain a foothold in the industry .The report offers an insight into the various factors such liberal government funding which act as a major driving factor in the growth of second generation biofuels. 


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