Market Overview:
The global algal biofuel market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for renewable fuels and rising awareness about the benefits of using algal biofuels. The biomass diesel segment is expected to account for the largest share of the global algal biofuel market in 2018. This segment is projected to grow at a CAGR of XX% during the forecast period. The biomass butanol segment is projected to grow at a higher rate than other segments during the forecast period.
Product Definition:
Algal biofuel is a biofuel produced from algae. It is important because it has the potential to replace gasoline and other petroleum-based fuels, and it does not produce as much greenhouse gas emissions as traditional fuel sources.
Biomass Diesel:
Biofuel is the renewable fuel which is produced from animal fats and vegetable oil. The major feedstock used for biofuel production are agricultural wastes, waste wood, and animal fats. Biofuels are gaining importance on account of reducing greenhouse gas emissions from fossil fuels as they serve as a sustainable alternative to petroleum-based fuels with lower carbon footprint.
Biomass Butanol:
Biomass butanol is a type of organic chemical that is obtained from the fermentation of biomass. The chemical has been used as an alternative to fossil fuels and can be used in their place in the energy sector. Biomass butanol also acts as a precursor for manufacturing other chemicals and products which are further utilized across various industries such as pharmaceuticals, cosmetics, polymers, resins & adhesives and building materials among others.
Application Insights:
Automobile industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Growing demand for fuel efficient vehicles has resulted in an increased focus on biofuel production for this sector. The automotive industry contributes significantly to global energy consumption, which has led to an increased focus on biofuel production for this sector.
The growth of the automotive industry can be attributed largely to increasing sales of diesel engines across the globe. Asia Pacific region accounts for majority of total automobile sales and is projected to maintain its dominance over the forecast period owing largelyto supportive government policies regarding investments in transportation infrastructure coupled with rising disposable income levels among consumers there.
Regional Analysis:
Asia Pacific is expected to witness the highest growth rate of 7.9% over the forecast period, owing to increasing government support for promoting sustainable energy sources in emerging economies such as China and India. The Chinese government has set a target of achieving 20 GJ algal-fueled vehicles by 2020. In addition, growing population and rising disposable income are likely to boost automotive demand in this region over the coming years which will further propel market growth during the forecast period.
Europe accounted for 24% of global market share in terms of volume consumed in 2016 on account of high acceptance among consumers regarding sustainability associated with algae-based fuels along with stringent European Union regulations regarding greenhouse gas emissions from diesel engines since 2010 (known as Euro VI). However, North America is projected to be a promising regional segment witnessing significant growth rates during 2017’s estimated timeframe owing to increasing awareness about environmental protection coupled with supportive policies framed by various governments across U.S.
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 algal biofuel market.
- Government support: Governments around the world are supporting the development of algal biofuels through various incentives and funding programs, which is helping to drive growth in this market.
- Rising oil prices: The high price of oil is making algal biofuels more competitive and driving increased investment in this market.
- Advances in technology: Technological advances are making it easier to produce algae-based biofuels, which is helping to fuel growth in this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Algal Biofuel Market Research Report
By Type
Biomass Diesel, Biomass Butanol, Others
By Application
Automobile Industry, Aerospace Industry, Others
By Companies
SAIC Motor, General Atomics, Algenol Biofuels, TerraVia, Joule Unlimited, Euglena, Reliance Industries, Socati(Blue Marble Energy)
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Algal Biofuel Market Report Segments:
The global Algal Biofuel market is segmented on the basis of:
Types
Biomass Diesel, Biomass Butanol, Others
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
Automobile Industry, Aerospace Industry, Others
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:
- SAIC Motor
- General Atomics
- Algenol Biofuels
- TerraVia
- Joule Unlimited
- Euglena
- Reliance Industries
- Socati(Blue Marble Energy)
Highlights of The Algal Biofuel 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:
- Biomass Diesel
- Biomass Butanol
- Others
- By Application:
- Automobile Industry
- Aerospace Industry
- Others
- 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 Algal Biofuel 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Algal biofuel is a type of renewable fuel made from algae. Algal biofuel can be used to power vehicles, heat homes, and produce electricity.
Some of the key players operating in the algal biofuel market are SAIC Motor, General Atomics, Algenol Biofuels, TerraVia, Joule Unlimited, Euglena, Reliance Industries, Socati(Blue Marble Energy).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Algal Biofuel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Algal Biofuel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Algal Biofuel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Algal Biofuel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Algal Biofuel Market Size & Forecast, 2020-2028
4.5.1 Algal Biofuel Market Size and Y-o-Y Growth
4.5.2 Algal Biofuel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Biomass Diesel
5.2.2 Biomass Butanol
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Aerospace Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Algal Biofuel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Algal Biofuel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Biomass Diesel
9.6.2 Biomass Butanol
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Aerospace Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Biomass Diesel
10.6.2 Biomass Butanol
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Aerospace Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Biomass Diesel
11.6.2 Biomass Butanol
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Aerospace Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Biomass Diesel
12.6.2 Biomass Butanol
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Aerospace Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Biomass Diesel
13.6.2 Biomass Butanol
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Aerospace Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Algal Biofuel Market: Competitive Dashboard
14.2 Global Algal Biofuel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SAIC Motor
14.3.2 General Atomics
14.3.3 Algenol Biofuels
14.3.4 TerraVia
14.3.5 Joule Unlimited
14.3.6 Euglena
14.3.7 Reliance Industries
14.3.8 Socati(Blue Marble Energy)
