Overview
Algae Biofuel Market size is forecast
to reach $9.3 billion by 2025, after growing at a CAGR of 9% during 2020-2025. Demand
for biofuels has increased as an alternative to fossil fuels. Growing
environmental and sustainability concerns about the excessive use of fossil
fuels are driving the demand for algae biofuels. The high potential of algae to
replace conventional raw materials required for the production of biofuels is
further boosting the adoption of algae biofuels across different industries.
Report Coverage
The report: “Algae Biofuel Market – Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Algae Biofuel Industry.
Key Takeaways
The introduction of biofuel mandates around the
world is expected to force manufacturers to invest more in R&D to develop
sustainable algae fuel production technology over the forecast period.
The automotive industry utilizes algae in
specially designed bio catalytic converters combined with the existing
three-way catalytic converter to achieve emission levels well below the
standard regulations.
In 2016,
the US produced more than 1.14 billion gallons of biofuel from various
feedstocks, including animal fats and recycled seeds.
Due to the rapid growth of the automotive
industry in the region, Asia Pacific is expected to be a key market for algae
biofuels. It is expected that the presence of large economies including China
and India, which account for a large share of the world's population, will
drive demand for sustainable energy resources, which in turn will open up new
avenues for market growth.
Type - Segment Analysis
In 2018, biodiesel dominated the
market and accounting for a significant share of the total volume. This is
mainly due to the increasing focus on reducing fuel and large diesel-powered
vehicle emissions.
Application - Segment Analysis
Transportation is expected to be
the dominant application segment in the industry due to the potential of algae
to replace traditional diesel and petrol products. Growing demand for biofuels
in road transport applications, including small trucks, minivans, light-duty
vehicles, motorbikes, and passenger vehicles, is expected to force
manufacturers to invest more in R&D to develop low-cost renewable fuel
resources. These factors are expected to open up new market opportunities for
product growth in the transport application over the forecast period.
Geography - Segment Analysis
North America holds the largest
share in the algae biofuels market in 2018, up to 30%. Growth in this region is
mainly due to the increased use of biofuel algae in the transport sector. This
market is also accentuated by the presence of numerous prominent players in the
region. Canada and the U.S. are countries that contribute significantly to this
market. In July 2017, the U.S. Department of Energy invested approximately $8
million in the development of algae biofuel. This is expected to drive growth
in the U.S. market for algae biofuel.
Drivers – Algae Biofuel Market
Rising
demand for fuels in various end user industries.
The ever-increasing demand for
fuels in various end-use industries, coupled with the growing need for green
and sustainable energy sources, is key to the rapid evolution of the biofuel
market in algae. In meeting the global needs for low-carbon fuels, algae
biofuel has emerged as increasingly promising. The rapid progress of the
transport industry in various parts of the world has provided the algae biofuel
market with robust growth momentum. The increasing demand for low-cost fuels in
the aviation sector is also a favorable trend in the biofuel market for algae.
Stringent
government regulations for minimizing carbon emission.
Environmental pollution due to
the burning of toxic plastic products has increased concerns related to the
production of biodegradable plastic that is emission free. Strict government
regulations relating to reducing carbon emissions by investing more in
renewable energy resources have pushed plastics manufacturing firms to
manufacture biodegradable plastics manufactured from renewable energy
resources, such as algae, rather than fossil fuels. In comparison to
conventional plastics manufactured from other chemical materials such as
polyvinylchloride, polyethylene, and polypropylene, bio-plastics are produced
from algal biomass. Increasing government initiatives on the introduction of
renewable energy sources is driving algae biofuel market.
Challenges – Algae Biofuel Market
High
capital Investment
High capital investment in algae
biomass and fuel production, high water demand for algae production and lack of
technological innovation are expected to reduce the growth of the industry.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Algae Biofuel Market. In
2019, the market of Algae Biofuel has been consolidated by the top five players
accounting for xx% of the share. Major players in the Algae Biofuel Market are Algenol
Biofuels Inc., Blue Marble Production Inc., Solazyme Inc., Sapphire Energy,
Inc., Culture Biosystems, Origin Oils Inc., Proviron, Genifuels, Algae Systems,
Solix Biofuels, and Reliance Life Sciences., among others.
1.1 Definitions and Scope
2. Algae Biofuel Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Algae Biofuel Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Algae Biofuel Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Algae Biofuel Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Algae Biofuel Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Algae Biofuel Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Algae Biofuel Market - By Product Type (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
9. Algae Biofuel Market - By Type (Market Size -$Million / $Billion)
10. Algae Biofuel - By Application (Market Size -$Million / $Billion)
10.1 Transportation
11. Algae Biofuel- By Geography (Market Size -$Million / $Billion)
11.1 Algae Biofuel Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Algae Biofuel- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Algae Biofuel- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Algae Biofuel - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Algae Biofuel - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Algae Biofuel Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Algae Biofuel Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Algae Biofuel Market - Key Company List by Country Premium
15. Algae Biofuel Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Algae System
15.3 Algaenergy
15.4 Algenol
15.5 Blue Marble Production
15.6 Cellana
15.7 Culture Biosystems
15.8 Genifuels
15.9 Origin Oil Inc
15.10 Production System
15.11 Proviron
15.12 Reliance Life Science
15.13 Sapphire Energy
15.14 Solazyme Inc
15.15 Solix Biofuels
15.16 Company 16
15.17 Company 17 & More
16.1 Abbreviations
16.2 Sources
17. Algae Biofuel Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
LIST OF TABLES
1.Global Algae Biofuel Market:Application Estimate Trend Analysis Market 2023-2030 ($M)1.1 Transportation Market 2023-2030 ($M) - Global Industry Research
2.Global Algae Biofuel Market:Application Estimate Trend Analysis Market 2023-2030 (Volume/Units)
2.1 Transportation Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Algae Biofuel Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
3.1 Transportation Market 2023-2030 ($M) - Regional Industry Research
4.South America Algae Biofuel Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
4.1 Transportation Market 2023-2030 ($M) - Regional Industry Research
5.Europe Algae Biofuel Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
5.1 Transportation Market 2023-2030 ($M) - Regional Industry Research
6.APAC Algae Biofuel Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
6.1 Transportation Market 2023-2030 ($M) - Regional Industry Research
7.MENA Algae Biofuel Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
7.1 Transportation Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Algae Biofuel Market Revenue, 2023-2030 ($M)2.Canada Algae Biofuel Market Revenue, 2023-2030 ($M)
3.Mexico Algae Biofuel Market Revenue, 2023-2030 ($M)
4.Brazil Algae Biofuel Market Revenue, 2023-2030 ($M)
5.Argentina Algae Biofuel Market Revenue, 2023-2030 ($M)
6.Peru Algae Biofuel Market Revenue, 2023-2030 ($M)
7.Colombia Algae Biofuel Market Revenue, 2023-2030 ($M)
8.Chile Algae Biofuel Market Revenue, 2023-2030 ($M)
9.Rest of South America Algae Biofuel Market Revenue, 2023-2030 ($M)
10.UK Algae Biofuel Market Revenue, 2023-2030 ($M)
11.Germany Algae Biofuel Market Revenue, 2023-2030 ($M)
12.France Algae Biofuel Market Revenue, 2023-2030 ($M)
13.Italy Algae Biofuel Market Revenue, 2023-2030 ($M)
14.Spain Algae Biofuel Market Revenue, 2023-2030 ($M)
15.Rest of Europe Algae Biofuel Market Revenue, 2023-2030 ($M)
16.China Algae Biofuel Market Revenue, 2023-2030 ($M)
17.India Algae Biofuel Market Revenue, 2023-2030 ($M)
18.Japan Algae Biofuel Market Revenue, 2023-2030 ($M)
19.South Korea Algae Biofuel Market Revenue, 2023-2030 ($M)
20.South Africa Algae Biofuel Market Revenue, 2023-2030 ($M)
21.North America Algae Biofuel By Application
22.South America Algae Biofuel By Application
23.Europe Algae Biofuel By Application
24.APAC Algae Biofuel By Application
25.MENA Algae Biofuel By Application
26.Algenol, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Blue Marble Production, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Solazyme Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Sapphire Energy, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Culture Biosystems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Origin Oil Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Genifuels, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Algae System, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Solix Biofuels, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Production System, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Reliance Life Science, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Algaenergy, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Cellana, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Proviron, Sales /Revenue, 2015-2018 ($Mn/$Bn)