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Clean EnergyBiomass

PUBLISHER: Grand View Research | PRODUCT CODE: 1404898

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PUBLISHER: Grand View Research | PRODUCT CODE: 1404898

Algae Biofuel Market Size, Share & Trends Analysis Report By Application (Transportation, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2023 - 2030

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Description

Table of Contents

List of Tables

Algae Biofuel Market Growth & Trends:

The global algae biofuel market size is expected to reach USD 17.94 billion by 2030, registering a CAGR of 10.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Depleting fossil fuel resources as well as rising awareness towards environment protection is expected to be the key factor for driving industry growth.

Algae has the ability to offer 2 to 20 times higher yield than existing biofuel feedstock including corn stover, corn, sorghum and beet which is likely to open new avenues for the industry growth over the projected period. Increasing R&D conducted by numerous startup companies as well as various oil & gas majors, and university-led research consortiums are expected to propel production of the over the projected period. However, technological challenges and high capital investment in algae biomass and fuel production are expected to limit the industry growth.

Growing demand for low cost, reliable and sustainable energy sources to ease acute vulnerability to petroleum supply chain and meet the rising fuel demand by automotive and aviation sector is expected to have a positive impact on the industry growth over the forecast period. The industry is experiencing three major hurdles including maintaining algae biomass cultivation consistency across various regions and climates, high water demand for algae production and lack of technology innovation to commercial scale up. As a result, the market is expected to foresee regional partnerships and collaborations to capitalize the production and technology exchange for large scale productions.

Algae Biofuel Market Report Highlights:

  • Transportation accounted for the largest revenue share of around 75.3% in 2022 and is expected to grow at the fastest CAGR of 10.6% over the forecast period, owing to the potential of algae to replace traditional diesel and petrol products.
  • High demand for biodiesel in the European countries owing to the government regulations and high adoption rate in the region is expected to propel industry growth.
  • North America is expected to be the largest market accounting over 30%, owing to high investment by the start-up companies and the U.S. government to support renewable energy sector over
  • Asia Pacific is expected to grow at the fastest CAGR of 10.5% during the forecast period, owing rapid technological advancements and low raw material costs in the region
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Product Code: GVR-1-68038-775-9

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
    • 1.1.1. Application
    • 1.1.2. Regional scope
    • 1.1.3. Estimates and forecast timeline
  • 1.2. Research Methodology
  • 1.3. Information Procurement
    • 1.3.1. Purchased database
    • 1.3.2. GVR's internal database
    • 1.3.3. Secondary sources
    • 1.3.4. Primary research
    • 1.3.5. Details of primary research
  • 1.4. Information or Data Analysis
  • 1.5. Market Formulation & Validation
  • 1.6. Model Details
  • 1.7. List of Secondary Sources
  • 1.8. List of Primary Sources
  • 1.9. Objectives

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
    • 2.2.1. Application outlook
    • 2.2.2. Regional outlook
  • 2.3. Competitive Insights

Chapter 3. Algae Biofuel Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Penetration & Growth Prospect Mapping
  • 3.3. Value Chain Analysis
  • 3.4. Regulatory Framework
  • 3.5. Market Dynamics
    • 3.5.1. Market driver analysis
    • 3.5.2. Market restraint analysis
    • 3.5.3. Industry opportunities & challenges
  • 3.6. Algae Biofuel Market Analysis Tools
    • 3.6.1. Industry Analysis - Porter's
      • 3.6.1.1. Supplier power
      • 3.6.1.2. Buyer power
      • 3.6.1.3. Substitution threat
      • 3.6.1.4. Threat of new entrant
      • 3.6.1.5. Competitive rivalry
    • 3.6.2. PESTEL Analysis
      • 3.6.2.1. Political landscape
      • 3.6.2.2. Technological landscape
      • 3.6.2.3. Economic landscape
      • 3.6.2.4. Social landscape
      • 3.6.2.5. Environmental landscape
      • 3.6.2.6. Legal landscape

Chapter 4. Supplier Portfolio Analysis

  • 4.1. List of Suppliers
  • 4.2. Kraljic Matrix
  • 4.3. Sourcing Best Practices
  • 4.4. Negotiation Strategies

Chapter 5. Algae Biofuel: Application Estimates & Trend Analysis

  • 5.1. Algae Biofuel Market: Key Takeaways
  • 5.2. Algae Biofuel Market: Movement & Market Share Analysis, 2022 & 2030
  • 5.3. Transportation
    • 5.3.1. Transportation market estimates and forecasts, 2018 to 2030 (USD Million, Million Gallons)
  • 5.4. Others
    • 5.4.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Million Gallons)

Chapter 6. Algae Biofuel Market: Regional Estimates & Trend Analysis

  • 6.1. Regional Outlook
  • 6.2. Algae Biofuel Market by Region: Key Takeaway
  • 6.3. North America
    • 6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.3.2. U.S.
      • 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.3.3. Canada
      • 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.3.4. Mexico
      • 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
  • 6.4. Europe
    • 6.4.1. Germany
      • 6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.4.2. UK
      • 6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.4.3. France
      • 6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.4.4. Italy
      • 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.4.5. Spain
      • 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
  • 6.5. Asia Pacific
    • 6.5.1. China
      • 6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.5.2. India
      • 6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.5.3. Japan
      • 6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.5.4. South Korea
      • 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.5.5. Thailand
      • 6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.5.6. Indonesia
      • 6.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.5.7. Malaysia
      • 6.5.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.5.8. Australia
      • 6.5.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
  • 6.6. Central and South America
    • 6.6.1. Brazil
      • 6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.6.2. Argentina
      • 6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
  • 6.7. MEA
    • 6.7.1. Saudi Arabia
      • 6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)
    • 6.7.2. South Africa
      • 6.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Million Gallons)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Market Participant Categorization
    • 7.2.1. Algenol Biotech
      • 7.2.1.1. Company overview
      • 7.2.1.2. Financial performance
      • 7.2.1.3. Product benchmarking
      • 7.2.1.4. Strategic initiatives
    • 7.2.2. Blue Marble Productions, Inc.
      • 7.2.2.1. Company overview
      • 7.2.2.2. Financial performance
      • 7.2.2.3. Product benchmarking
      • 7.2.2.4. Strategic initiatives
    • 7.2.3. Sapphire Energy
      • 7.2.3.1. Company overview
      • 7.2.3.2. Financial performance
      • 7.2.3.3. Product benchmarking
      • 7.2.3.4. Strategic initiatives
    • 7.2.4. Culture BioSystems
      • 7.2.4.1. Company overview
      • 7.2.4.2. Financial performance
      • 7.2.4.3. Product benchmarking
      • 7.2.4.4. Strategic initiatives
    • 7.2.5. Origin Oils
      • 7.2.5.1. Company overview
      • 7.2.5.2. Financial performance
      • 7.2.5.3. Product benchmarking
      • 7.2.5.4. Strategic initiatives
    • 7.2.6. Genifuel Corporation.
      • 7.2.6.1. Company overview
      • 7.2.6.2. Financial performance
      • 7.2.6.3. Product benchmarking
      • 7.2.6.4. Strategic initiatives
    • 7.2.7. Algae Systems, LLC.
      • 7.2.7.1. Company overview
      • 7.2.7.2. Financial performance
      • 7.2.7.3. Product benchmarking
      • 7.2.7.4. Strategic initiatives
    • 7.2.8. Solix
      • 7.2.8.1. Company overview
      • 7.2.8.2. Financial performance
      • 7.2.8.3. Product benchmarking
      • 7.2.8.4. Strategic initiatives
    • 7.2.9. Reliance Life Sciences
      • 7.2.9.1. Company overview
      • 7.2.9.2. Financial performance
      • 7.2.9.3. Product benchmarking
      • 7.2.9.4. Strategic initiatives
    • 7.2.10. AlgaEnergy
      • 7.2.10.1. Company overview
      • 7.2.10.2. Financial performance
      • 7.2.10.3. Product benchmarking
      • 7.2.10.4. Strategic initiatives
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Product Code: GVR-1-68038-775-9

List of Tables

  • Table 1 List of abbreviation
  • Table 2 North America algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 3 North America algae biofuel market, by region, 2018 - 2030 (USD Million, Million Gallons)
  • Table 4 U.S. algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 5 Canada algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 6 Mexico algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 7 Europe algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 8 Europe algae biofuel market, by region, 2018 - 2030 (USD Million, Million Gallons)
  • Table 9 Germany algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 10 UK algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 11 France algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 12 Italy algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 13 Spain algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 14 Asia Pacific algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 15 Asia Pacific algae biofuel market, by region, 2018 - 2030 (USD Million, Million Gallons)
  • Table 16 China algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 17 India algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 18 Japan algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 19 South Korea algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 20 Thailand algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 21 Indonesia algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 22 Malaysia algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 23 Australia algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 24 Central and South America algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 25 Central and South America algae biofuel market, by region, 2018 - 2030 (USD Million, Million Gallons)
  • Table 26 Brazil algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 27 Argentina algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 28 Middle East and Africa algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 29 Middle East and Africa algae biofuel market, by region, 2018 - 2030 (USD Million, Million Gallons)
  • Table 30 Saudi Arabia algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)
  • Table 31 South Africa algae biofuel market, by application, 2018 - 2030 (USD Million, Million Gallons)

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 Value-chain-based sizing & forecasting
  • Fig. 6 QFD modeling for market share assessment
  • Fig. 7 Market formulation & validation
  • Fig. 8 Algae biofuel: Market outlook
  • Fig. 9 Algae biofuel: Competitive insights
  • Fig. 10 Parent market outlook
  • Fig. 11 Related/ancillary market outlook
  • Fig. 12 Penetration and growth prospect mapping
  • Fig. 13 Industry value chain analysis
  • Fig. 14 Algae biofuel market driver impact
  • Fig. 15 Algae biofuel market restraint impact
  • Fig. 16 Algae biofuel market strategic initiatives analysis
  • Fig. 17 Algae biofuel market: Application movement analysis
  • Fig. 18 Algae biofuel market: Application outlook and key takeaways
  • Fig. 19 Transportation market estimates and forecasts, 2018 - 2030
  • Fig. 20 Others market estimates and forecasts, 2018 - 2030
  • Fig. 21 Global algae biofuel market: Regional movement analysis
  • Fig. 22 Global algae biofuel market: Regional outlook and key takeaways
  • Fig. 23 North America market estimates and forecasts, 2018 - 2030
  • Fig. 24 U.S. market estimates and forecasts, 2018 - 2030
  • Fig. 25 Canada market estimates and forecasts, 2018 - 2030
  • Fig. 26 Mexico market estimates and forecasts, 2018 - 2030
  • Fig. 27 Europe market estimates and forecasts, 2018 - 2030
  • Fig. 28 Germany market estimates and forecasts, 2018 - 2030
  • Fig. 29 UK market estimates and forecasts, 2018 - 2030
  • Fig. 30 France market estimates and forecasts, 2018 - 2030
  • Fig. 31 Italy market estimates and forecasts, 2018 - 2030
  • Fig. 32 Spain market estimates and forecasts, 2018 - 2030
  • Fig. 33 Asia Pacific market estimates and forecasts, 2018 - 2030
  • Fig. 34 China market estimates and forecasts, 2018 - 2030
  • Fig. 35 India market estimates and forecasts, 2018 - 2030
  • Fig. 36 Japan market estimates and forecasts, 2018 - 2030
  • Fig. 37 South Korea market estimates and forecasts, 2018 - 2030
  • Fig. 38 Thailand market estimates and forecasts, 2018 - 2030
  • Fig. 39 Indonesia market estimates and forecasts, 2018 - 2030
  • Fig. 40 Malaysia market estimates and forecasts, 2018 - 2030
  • Fig. 41 Australia market estimates and forecasts, 2018 - 2030
  • Fig. 42 Central and South America market estimates and forecasts, 2018 - 2030
  • Fig. 43 Brazil market estimates and forecasts, 2018 - 2030
  • Fig. 44 Argentina market estimates and forecasts, 2018 - 2030
  • Fig. 45 Middle East and Africa market estimates and forecasts, 2018 - 2030
  • Fig. 46 Saudi Arabia market estimates and forecasts, 2018 - 2030
  • Fig. 47 South Africa market estimates and forecasts, 2018 - 2030
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