Global Advanced Biofuels Market: Overview
Advanced biofuels, also known as second-generation biofuels, can be produced from different types of non-food biomass. Non-food biomass encompasses waste materials from animals or plants, which are not used for food or feed, which is often used in horticulture of farming, animal farming, food processing or human waste, used especially as a source of fuel. The first generation biofuels were produced from vegetable oils and sugars found in crops using established processing technologies. Advanced biofuels are made from various raw material and hence, require different technology for extraction.
Advanced biofuels are primarily considered in reaction to the food versus fuel debate. The first generation biofuels were made from edible feedstock, while the second generation uses non-edible feedstock. This advanced biofuels is a key substitute to be considered in the national policy in the next few years. It is one of the renewable energy alternatives having great potential to help minimize the amount of gaseous carbon elements released by transportation and other systems in developing countries. Advanced biofuels subsequently relates to number of sustainable development goals (SDGs) and national commitments to limit climate change to acceptable levels.
Global Advanced Biofuels Market: Key Segments
The global advanced biofuels market can be segmented based on process, type, raw material, and region. In terms of process, the advanced biofuels market can be bifurcated into biochemical and thermochemical. The biochemically produces petroleum gasoline substitutes of butanol or ethanol by enzymatic hydrolysis. The thermochemically produced petroleum gasoline substitute’s methanol, fischer-tropsch gasoline, and mixed alcohols. Based on type, the advanced biofuels market can be classified into cellulosic biofuel, biodiesel, biogas, and others. The cellulosic biofuel is produced from cellulose, which are stringy fibers of plants, grass, wood, algae, etc. The second generation biodiesel uses of bio feedstock, which significantly reduces carbon dioxide emission.
In terms of raw material, the advanced biofuels market can be divided into lignocellulose, jatropha, camelina, algae, and others. The lignocelluloses is a secondary plant biomass that comprised of lignin and cellulose. It can be processed into ethanol, as it contains hydrogen, oxygen, and carbon. Jatropha is drought resistant, contains few pests, and generates seeds that contain 27% to 40% oil. Camelina is a type of flowering plant that produces seeds that are rich in oil and can be used to produce the same quantity of biofuel as Jatropha. Algae produces lipid, is an oil that can be converted into various different fuels such as ethanol, butanol, methanol, biodiesel, jet fuel, and butanol. It can yield up to 300 times extra oil per acre than other conventional crops and has a harvesting cycle of 1 to 10 days, as it grows to nearly 30 times quicker than other feedstock.
Global Advanced Biofuels Market: Regional Analysis
Based on region, the global advanced biofuels market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is expected to account for a major share of the advanced biofuels market during the forecast period, followed by Asia Pacific and Europe. The advanced biofuels market in Latin America and Middle East & Africa is estimated to expand at a moderate pace during the forecast period.
Global Advanced Biofuels Market: Key Players
Key players operating in the global advanced biofuels market include Algenol, Bangchak Corporation Public Company Limited, Green Biologics Limited, LanzaTech, Novozymes, DuPont, Sundrop Fuels, Inc., Fujian Zhongde Energy Co., Ltd., and China Petroleum & Chemical Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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