Market Overview:
The global algae biofuel technologies market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the growing awareness about the benefits of algae biofuel. The global algae biofuel technologies market is segmented on the basis of type, application, and region. On the basis of type, it is divided into open cultivation systems, closed cultivation systems, sea-based cultivation systems, and other types. Closed cultivation systems are expected to dominate the market during the forecast period owing to their advantages such as low water usage and high production rates. On the basis of application, it is classified into bioenergy generation, food and feed production, chemical production (including biodiesel), fertilizer production (including organic fertilizers), cosmetics industry (including anti-aging products), other applications (such as aquaculture feedstock), and others.Ontheregionalscale,.
Product Definition:
Algae biofuel technologies are processes that use algae to produce fuel. The importance of algae biofuel technologies is that they can help reduce greenhouse gas emissions and improve energy security.
Open Cultivation Systems:
Open cultivation systems are also known as outdoor farming or homesteading. It is a method of producing food crops and other agricultural products in an open field without the use of any kind of irrigation or artificial water supply. Open cultivation systems are also used for growing industrial hemp, cannabis, tobacco, vegetables and flowers among others.
Closed Cultivation Systems:
Closed cultivation systems are used to grow algae in a controlled environment. The closed system helps in maintaining the nutrient quality and quantity of the nutrients provided to the algae. It also helps in controlling light, carbon dioxide, water and other gaseous components that are essential for photosynthesis.
The major advantage of using this technology is that it eliminates external factors that can affect productivity such as temperature changes, pH levels etc.
Application Insights:
Bioenergy was the dominant application segment in 2017 and accounted for over 60.0% of the global algae biofuel technologies market revenue. The growth of this segment is directly proportional to the development of renewable sources, such as solar and wind energy, to generate electricity for conventional fuel combustion engines.
Algae can be used to produce both diesel and gasoline substitute fuels that are cleaner burning than their petroleum-based counterparts with a higher cetane number which improves engine efficiency across various vehicle types including heavy-duty trucks, marine vessels, aircrafts and locomotives among others. This factor is expected to drive demand over the forecast period especially in countries like Brazil where there has been an increase in government support towards developing renewable sources of energy due largely from increased focus on reducing greenhouse gas emissions significantly contributing towards overall national emission reduction targets set by Brazil within its international obligations under United Nations Framework Convention on Climate Change (UNFCCC).
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth is attributed to the presence of a large number of companies engaged in algae-based biofuel production, along with favorable government policies and funding initiatives for R&D activities related to algal biomass.
The Asia Pacific regional market is expected to witness significant growth over the forecast period owing to rising awareness regarding various benefits associated with algae-derived fuels such as reduction in carbon footprint, water requirement, and cost advantage over other fossil fuel sources. Furthermore, increasing focus on developing sustainable energy resources will drive industry expansion over the coming years. ‰â€˜‰Algae Biofuels: A New Visionary Technology'™ was first introduced by Shell Algae Project which was launched at COP11 under UNFCC auspices held at Cancun Mexico on December 11th 2011 (UNFCCC secretariat).
Growth Factors:
- Increasing demand for alternative fuels: The global demand for alternative fuels is increasing as the world seeks to reduce its dependence on traditional fossil fuels. This is providing a major boost to the algae biofuel market.
- Government support: Governments around the world are supporting the development of algae biofuel technologies through various incentives and funding programs. This is helping to accelerate growth in this market segment.
- Rising oil prices: The high price of oil is making algae biofuels more competitive, driving increased investment in this technology sector.
- Advances in technology: Algae biofuel technologies are evolving rapidly, with new innovations and advances being made all the time. This is helping to boost growth in this market segment..5) Growing awareness about climate change: There is growing awareness about climate change and its potential impacts, which is driving interest in renewable energy sources like algae biofuels
Scope Of The Report
Report Attributes
Report Details
Report Title
Algae Biofuel Technologies Market Research Report
By Type
Open Cultivation Systems, Closed Cultivation Systems, Sea-based Cultivation Systems,
By Application
Bioenergy, Food and Feed, Chemical, Fertilizer, Cosmetics, Other,
By Companies
Algenol Biofuels, Solix Biofuels, Sapphire Energy, Solazyme, Seambiotic, Bayer Material Science, Desmet Ballestra Group, Georg Fischer, Siemens,
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Algae Biofuel Technologies Market Report Segments:
The global Algae Biofuel Technologies market is segmented on the basis of:
Types
Open Cultivation Systems, Closed Cultivation Systems, Sea-based Cultivation Systems,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bioenergy, Food and Feed, Chemical, Fertilizer, Cosmetics, Other,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Algenol Biofuels
- Solix Biofuels
- Sapphire Energy
- Solazyme
- Seambiotic
- Bayer Material Science
- Desmet Ballestra Group
- Georg Fischer
- Siemens
Highlights of The Algae Biofuel Technologies Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Open Cultivation Systems
- Closed Cultivation Systems
- Sea-based Cultivation Systems
- By Application:
- Bioenergy
- Food and Feed
- Chemical
- Fertilizer
- Cosmetics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Algae Biofuel Technologies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Algae Biofuel Technologies is a company that specializes in the production of algae-based biofuels. Algae Biofuel Technologies produces ethanol, biodiesel, and other biofuels from algae.
Some of the major companies in the algae biofuel technologies market are Algenol Biofuels, Solix Biofuels, Sapphire Energy, Solazyme, Seambiotic, Bayer Material Science, Desmet Ballestra Group, Georg Fischer, Siemens.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Algae Biofuel Technologies Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Algae Biofuel Technologies Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Algae Biofuel Technologies Market - Supply Chain
4.5. Global Algae Biofuel Technologies Market Forecast
4.5.1. Algae Biofuel Technologies Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Algae Biofuel Technologies Market Size (000 Units) and Y-o-Y Growth
4.5.3. Algae Biofuel Technologies Market Absolute $ Opportunity
5. Global Algae Biofuel Technologies Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Algae Biofuel Technologies Market Size and Volume Forecast by Type
5.3.1. Open Cultivation Systems
5.3.2. Closed Cultivation Systems
5.3.3. Sea-based Cultivation Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Algae Biofuel Technologies Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Algae Biofuel Technologies Market Size and Volume Forecast by Application
6.3.1. Bioenergy
6.3.2. Food and Feed
6.3.3. Chemical
6.3.4. Fertilizer
6.3.5. Cosmetics
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Algae Biofuel Technologies Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Algae Biofuel Technologies Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Algae Biofuel Technologies Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Algae Biofuel Technologies Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Algae Biofuel Technologies Demand Share Forecast, 2019-2026
9. North America Algae Biofuel Technologies Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Algae Biofuel Technologies Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Algae Biofuel Technologies Market Size and Volume Forecast by Application
9.4.1. Bioenergy
9.4.2. Food and Feed
9.4.3. Chemical
9.4.4. Fertilizer
9.4.5. Cosmetics
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Algae Biofuel Technologies Market Size and Volume Forecast by Type
9.7.1. Open Cultivation Systems
9.7.2. Closed Cultivation Systems
9.7.3. Sea-based Cultivation Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Algae Biofuel Technologies Demand Share Forecast, 2019-2026
10. Latin America Algae Biofuel Technologies Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Algae Biofuel Technologies Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Algae Biofuel Technologies Market Size and Volume Forecast by Application
10.4.1. Bioenergy
10.4.2. Food and Feed
10.4.3. Chemical
10.4.4. Fertilizer
10.4.5. Cosmetics
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Algae Biofuel Technologies Market Size and Volume Forecast by Type
10.7.1. Open Cultivation Systems
10.7.2. Closed Cultivation Systems
10.7.3. Sea-based Cultivation Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Algae Biofuel Technologies Demand Share Forecast, 2019-2026
11. Europe Algae Biofuel Technologies Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Algae Biofuel Technologies Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Algae Biofuel Technologies Market Size and Volume Forecast by Application
11.4.1. Bioenergy
11.4.2. Food and Feed
11.4.3. Chemical
11.4.4. Fertilizer
11.4.5. Cosmetics
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Algae Biofuel Technologies Market Size and Volume Forecast by Type
11.7.1. Open Cultivation Systems
11.7.2. Closd Cultivation Systems
11.7.3. Sea-based Cultivation Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Algae Biofuel Technologies Demand Share, 2019-2026
12. Asia Pacific Algae Biofuel Technologies Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Algae Biofuel Technologies Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Algae Biofuel Technologies Market Size and Volume Forecast by Application
12.4.1. Bioenergy
12.4.2. Food and Feed
12.4.3. Chemical
12.4.4. Fertilizer
12.4.5. Cosmetics
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Algae Biofuel Technologies Market Size and Volume Forecast by Type
12.7.1. Open Cultivation Systems
12.7.2. Closed Cultivation Systems
12.7.3. Sea-based Cultivation Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Algae Biofuel Technologies Demand Share, 2019-2026
13. Middle East & Africa Algae Biofuel Technologies Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Algae Biofuel Technologies Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Algae Biofuel Technologies Market Size and Volume Forecast by Application
13.4.1. Bioenergy
13.4.2. Food and Feed
13.4.3. Chemical
13.4.4. Fertilizer
13.4.5. Cosmetics
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Algae Biofuel Technologies Market Size and Volume Forecast by Type
13.7.1. Open Cultivation Systems
13.7.2. Closed Cultivation Systems
13.7.3. Sea-based Cultivation Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Algae Biofuel Technologies Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Algae Biofuel Technologies Market: Market Share Analysis
14.2. Algae Biofuel Technologies Distributors and Customers
14.3. Algae Biofuel Technologies Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Algenol Biofuels
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Solix Biofuels
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sapphire Energy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Solazyme
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Seambiotic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bayer Material Science
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Desmet Ballestra Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Georg Fischer
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Siemens
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook