Second Generation Biofuels Market is Expected to Reach $23.9 Billion, Global, by 2020 - Allied Market Research

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According to a new report by Allied Market Research titled, 'Global Second Generation Biofuels - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020', the global second generation biofuels (Advanced Biofuels) market would reach$23.9 billion by 2020, registering a CAGR of 49.4% during 2014 - 2020. Currently, Biodiesel garners the largest market share; however, the latest and the most commercially viable Cellulosic ethanol would surpass Biodiesel and eventually lead the market by 2020. North America generated largest revenue, as it has over 50% of the globally installed capacity base.

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