As per MarkNtel Advisors Global Second Generation Biofuels Market size is valued at around USD 10.92 billion in 2025 and is projected to reach USD 19.38 billion by 2032. Along with this, the market is estimated to grow at a CAGR of around 8.54% during the forecast period, i.e., 2026-32.

Second Generation Biofuels Market Systems Market Outlook:

The Global Second-Generation Biofuels Market is witnessing steady growth as countries intensify efforts to replace fossil fuels with cleaner and more sustainable alternatives. These advanced fuels, derived from non-food feedstocks such as lignocellulosic biomass, agricultural residues, and waste oils, are gaining traction due to their lower carbon footprint and compatibility with existing fuel infrastructure. For instance, the International Energy Agency (IEA) reported that renewable fuels contributed around 22 exajoules (EJ) to global energy demand in 2023 and are projected to increase to nearly 26 EJ by 2030, reflecting a strong policy-driven expansion across India, China, Brazil, the U.S., and Europe.

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Second Generation Biofuels Market Systems Market Segmentation:

By Feedstock- (USD Million)

• Lignocellulosic biomass
• Agricultural residues
• Forest residues
• Municipal Solid Waste (MSW)
• Algae
• Others

By Biofuel Type- (USD Million)

• Cellulosic Ethanol
• Biodiesel / Renewable Diesel
• Bio-butanol
• Bio-DME
• Sustainable Aviation Fuel (SAF)
• Others

By Process- (USD Million)

• Thermochemical
• Biochemical
• Hybrid

By End User- (USD Million)

• Transportation (road / automotive)
• Aviation
• Marine
• Energy & Power
• Others

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Second Generation Biofuels Market Recent Development:

• October 2024: The U.S. Department of Energy announced conditional loan guarantees of nearly USD3 billion for two major SAF, bio-fuel projects in the U.S., reflecting large-scale finance directed at advanced biofuels.
• July 2024: AM Green announced plans to invest USD1 billion in 2G biofuels by acquiring a 50% stake in Assam Bio Refinery Pvt. Ltd (India) and purchasing Finnish biotechnology firm Chempolis Oy.
• July 2025: Natural State Renewables entered a strategic partnership with Axens to produce carbon-negative sustainable aviation fuel (SAF) from forest biomass residues.

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Second Generation Biofuels Market Drivers:

Government Policies Promoting Renewable Energy Adoption

Governments worldwide are implementing strong policy measures to accelerate the transition toward cleaner energy sources. In 2023, the U.S. Environmental Protection Agency (EPA) expanded the Renewable Fuel Standard (RFS) targets, mandating 0.84 billion renewable identification numbers (RINs) of cellulosic biofuel in 2023, 1.09 billion RINs in 2024, and 1.38 billion RINs in 2025, aiming to boost advanced biofuel use and reduce greenhouse gas emissions across the U.S. transportation sector. Similarly, in 2024, the European Union’s Renewable Energy Directive (RED III) came into effect, setting a target of approximately 42.5% renewable energy consumption by 2030, with a specific emphasis on second-generation and advanced biofuels.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
  • In-depth pricing trends and segment-wise cost evaluations
  • Key industry strategies, including innovation, partnerships, and acquisitions
  • Critical value chain analysis and stakeholder profiling
  • Regional import-export market insights and trade flow assessment
  • Thorough competitive benchmarking of top hearing aid manufacturers
  • Identification of new growth opportunities and niche market segments
  • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Second Generation Biofuels Market are:

• Abengoa S.A.
• DuPont de Nemours, Inc.
• Novozymes
• BP plc
• POET, LLC
• Renewable Energy Group
• Gevo Inc.
• Enerkem Inc.
• Amyris, Inc.
• Shell
• LanzaTech
• TotalEnergies
• Clariant AG
• Cosan
• Green Plains Renewable Energy
• Others

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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