Second Generation (2G) Ethanol Market Report 2024 to 2032: Industry Growth, Trends, Share, Size and Forecast
The
Reports and Insights, a leading market research company, has recently releases
report titled “Second Generation (2G) Ethanol Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study
provides a detailed analysis of the industry, including the global
Second Generation (2G) Ethanol Market
share, size, trends, and growth forecasts. The report also includes competitor
and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Second Generation (2G) Ethanol
market?
The global Second Generation (2G) ethanol market to register
revenue CAGR of 18.8% during the forecast period of 2024-2032.
What are Second Generation (2G) Ethanol?
Second Generation (2G) ethanol is an advanced biofuel sourced from
non-food biomass, diverging from traditional first-generation ethanol that
primarily relies on food crops like corn or sugarcane. This advanced biofuel is
manufactured using feedstocks such as agricultural residues (corn stover, wheat
straw), dedicated energy crops (miscanthus, switchgrass), and forestry
residues. The production process involves breaking down complex carbohydrates
in these non-food biomass materials into sugars using various methods,
including biochemical or thermochemical processes. Subsequently, microorganisms
ferment these sugars into ethanol.
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What are the growth prospects and trends in the
Second Generation (2G) Ethanol industry?
Second
generation (2G) ethanol market growth is driven by several factors and trends.
The market for second generation (2G) ethanol is on the rise as a sustainable
substitute for conventional biofuels, utilizing non-food biomass sources such
as agricultural residues, energy crops, and forestry residues. This advanced
biofuel production, which distinguishes itself from first-generation ethanol,
mitigates concerns associated with food competition by repurposing waste and
non-food biomass materials. The growth of the 2G ethanol market is fueled by an
increasing focus on environmental sustainability and the demand for
economically viable biofuel solutions. With ongoing technological advancements
and investments in bioenergy, the second generation (2G) ethanol market growth
is set to expand, contributing to the advancement of a more environmentally
friendly and resilient biofuel industry.
What is included in market segmentation?
The report has segmented the market into the
following categories:
By Product Type:
·
Enzymatic Hydrolysis
·
Fermentation
By Feedstock:
·
Agricultural Residues
·
Woody Biomass
·
Non-Food Crops
·
Municipal Solid Waste
By End-Use:
·
Transportation
·
Industrial
·
Power Generation
By Technology:
·
Pretreatment
·
Enzyme Engineering
·
Gas Fermentation
By Application:
·
Biofuels
·
Chemicals
·
Others
By Region:
- North
America
- Asia-Pacific
- Europe
- Latin
America
- Middle
East
- Africa
Who are the key players operating in the industry?
The report covers the major market players
including:
- Novozymes
A/S
- Clariant
AG
- POET
LLC
- Beta
Renewables S.p.A.
- LanzaTech
Inc.
- Abengoa
S.A.
- GranBio
Investimentos S.A.
- DuPont
de Nemours, Inc.
- Iogen
Corporation
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require any specific information that is not covered currently within the scope
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