PUBLISHER: BCC Research | PRODUCT CODE: 1249902
PUBLISHER: BCC Research | PRODUCT CODE: 1249902
Global algae biofuels market should reach $720 thousand by 2027 from $420 thousand in 2022 at a compound annual growth rate (CAGR) of 11.4% for the forecast period of 2022 to 2027.
Asia-Pacific algae biofuels market is expected to grow from $250.4 thousand in 2022 to $415.4 thousand in 2027 at a CAGR of 10.7% for the forecast period of 2022 to 2027.
North American algae biofuels market is expected to grow from $21.7 thousand in 2022 to $41.0 thousand in 2027 at a CAGR of 13.6% for the forecast period of 2022 to 2027.
This report will cover the global algae biofuel industry. Definitive and detailed estimates and forecasts of the worldwide markets are provided, followed by a detailed analysis of various regions, countries and applications. This report covers the present scenario and growth prospects of the global algae biofuel market for 2022-2027.
Since most algae biofuel production is in the R&D, pilot stage and industrial scale, the market size is calculated based on industrial scale capacity, future expansion plans and considerable literature research. The report also presents the market's competitive landscape and features a detailed profile of the key players operating in the market.
Furthermore, the study also discusses market dynamics such as drivers, restraints, opportunities and challenges. It also examines emerging trends and their impact on current and future market dynamics.
The report consists of seven chapters:
A negative economic outlook was assumed in all the segments for 2020 due to the COVID-19 pandemic. The Russia-Ukraine war that started in February 2022 has also been considered in this report to produce a negative economic impact on this market. However, growing economies such as India, Malaysia and Indonesia are attracting key companies in the algae biofuel market and are likely to be responsible for increased consumer spending.