DUBLIN, April 13, 2023 /PRNewswire/ -- The "Algae Biofuel: Global Markets" report has been added to ResearchAndMarkets.com's offering.
The algae biofuel production capacity will grow at a CAGR of 11.4% to 2027.
This report covers the present scenario and growth prospects of the global algae biofuel market for 2022-2027.
Strong growth in algae biofuel production is expected from 2025 as many companies have announced upcoming commercial production of algae biofuels. 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.
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.
In terms of applications, the aviation industry will produce more algae biofuels as the sector is under pressure to become carbon-zero by 2050. Developing an environmentally sustainable aviation fuel is the only immediate option available for the industry to curb its CO2 emissions.
Europe was found to be the fastest-growing regional market. According to a joint study by International Energy Agency (IEA) and the European ART Fuels Forum (AFF), algae are currently being produced commercially only in Europe. The U.S. has invested in much algae biofuel research. Still, according to U.S. Energy Information Administration's monthly biofuels capacity and feedstock update, no data has been reported for the biofuel production form of algae in 2021 and 2022.
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.
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.
Report Includes
- 19 data tables and 23 additional tables
- An overview of the global market for algae biofuel
- Analyses of global market trends with data from 2021 to 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Characterization and quantification of the global algae biofuel markets by product, application, and region
- In-depth analysis of the key strategies adopted by industry players, such as acquisition and geographical expansion
- Profiles of the major players in the industry, including Aecom, Euglena Co. Ltd., IHI Corp., Manta Biofuels Inc. and Reliance Industries Ltd.
Key Topics Covered
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Background
3.1 Introduction
3.1.1 Biofuel Generations
3.1.2 Algae Strains and Yields
3.1.3 Algae Cultivation Technology
3.1.4 Algae Harvesting Technology
3.1.5 Algae Oil Extraction Technology
Chapter 4 Market Overview
4.1 Introduction
4.1.1 Algae Biofuel Industry Trends
4.2 Factors Driving Market Growth
4.2.1 Net Zero Carbon
4.2.2 Promising Alternative to Fossil Fuel
4.2.3 Promising Developments
4.3 Market Restraints
4.3.1 High Cost
4.3.2 Nutrient Challenge
4.3.3 Far from Commercialization
4.4 Macroeconomic Factors of the Algae Biofuel Market
4.4.1 Impact of Covid-19
4.4.2 Impact of the Russia-Ukraine War
Chapter 5 Algae Biofuel Market by Region
5.1 Introduction
5.2 Global Algae Market by Region
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Rest of the World (Row)
Chapter 6 Algae Biofuel Market by Application
6.1 Introduction
6.2 Global Algae Biofuel Market, by Application
6.2.1 Global Market by Region
Chapter 7 Company Profiles
- Aecom
- Eneos Holding Inc.
- Euglena Co. Ltd.
- Ihi Corp.
- Manta Biofuels Inc.
- Petronas
- Reliance Industries Ltd.
- Sinopec Group
- Totalenergies Se
- Viridos
For more information about this report visit https://www.researchandmarkets.com/r/plj81c
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