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. This report covers the present scenario and growth prospects of the global algae biofuel market for 2022-2027.
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.
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.
The report consists of seven chapters:
- Chapter 1 defines algae and gives a general introduction to the report.
- Chapter 2 discusses the global algae biofuel market and provides an industry overview.
- Chapter 3 presents an overview of types of algae strain, their yield and the technology used in cultivating, harvesting and extraction of algae oil.
- Chapter 4 presents an overview of the algae biofuel market, assesses market trends, drivers and challenges. It also assesses the impact of COVID-19 and the Russia-Ukraine war on the market.
- Chapter 5 discusses the algae biofuel market by region and gives the market forecast for 2027.
- Chapter 6 discusses the market by application and provides a market forecast for 2027.
- Chapter 7 provides profiles of the 10 leading companies in the algae biofuel market.
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.
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.
Table of Contents
Chapter 1 Introduction
1.1 Market Definition
1.1.1 Algae Definition
1.2 Study Goals and Objectives
1.3 Reasons for Doing this Study
1.4 Scope of Report
1.5 Intended Audience
1.6 Information Sources
1.7 Methodology
1.8 Units Used
1.9 Geographic Breakdown
1.10 Analyst's Credentials
1.11 Custom Research
1.12 Related Research Reports
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
7.1 Introduction
- Aecom
- Eneos Holding Inc.
- Euglena Co. Ltd.
- Ihi Corp.
- Manta Biofuels Inc.
- Petronas
- Reliance Industries Ltd.
- Sinopec Group
- Totalenergies Se
- Viridos
Chapter 8 Appendix: Abbreviations
List of Tables
Summary Table: Global Market for Algae Biofuel, by Product, Through 2027
Table 1: Algae Strains and Oil Content
Table 2: Algae Yield Compared to Other Biofuel Crops
Table 3: General Conditions Required for Algae Growth
Table 4: Differences Between Open Ponds and Photobioreactors
Table 5: Comparison of Algae Harvesting Techniques
Table 6: Trends in Algae Biofuel Research, 1940s-Present
Table 7: Comparison of Algae with Other Feedstocks
Table 8: Global Market for Algae Biofuels, by Region, Through 2027
Table 9: North American Market for Algae Biofuels, by Country, Through 2027
Table 10: U.S. Algae Projects and Associated Federal Funding
Table 11: Funding to Produce High-Quality Algae
Table 12: Funding to Accelerate Domestic Algae Fuel Production
Table 13: European Market for Algae Biofuels, by Country, Through 2027
Table 14: Asia-Pacific Market for Algae Biofuel, by Country, Through 2027
Table 15: Algae-Based SAF Projects
Table 16: RoW Market for Algae Biofuels, by Country, Through 2027
Table 17: Global Algae Biofuel Market, by Application, Through 2027
Table 18: North American Algae Biofuel Market, by Application, Through 2027
Table 19: European Algae Biofuel Market, by Application, Through 2027
Table 20: Asia-Pacific Algae Biofuel Market, by Application, Through 2027
Table 21: RoW Algae Biofuel Market, by Application, Through 2027
Table 22: AECOM: Financials, 2021 and 2022
Table 23: Aecom: Recent Developments
Table 24: Eneos Holding Group: Financials, 2020 and 2021
Table 25: Eneos Holding Group: Recent Developments
Table 26: Euglena Co. Ltd.: Financials, 2020 and 2021
Table 27: Euglena Co. Ltd.: Recent Developments
Table 28: IHI Corp.: Financials, 2021 and 2022
Table 29: IHI Corp.: Recent Developments
Table 30: Manta Biofuels Inc.: Financials, 2020 and 2021
Table 31: Manta Biofuels Inc.: Recent Developments
Table 32: Petronas: Financials, 2020 and 2021
Table 33: Petronas: Recent Developments
Table 34: Reliance Industries Ltd.: Financials, 2021 and 2022
Table 35: Reliance Industries Ltd.: Recent Developments
Table 36: Sinopec: Financials, 2020 and 2021
Table 37: Sinopec: Recent Developments
Table 38: TotalEnergies SE: Financials, 2021 and 2022
Table 39: TotalEnergies SE: Recent Developments
Table 40: Viridos: Recent Developments
Table 41: Abbreviations Used in this Report
List of Figures
Summary Figure: Global Market for Algae Biofuels, 2021-2027
Figure 1: Biofuel Generations
Figure 2: Biofuel Production Based on Feedstock
Figure 3: Types of Fuels Produced from Algae
Figure 4: Prices of Algae Biodiesel from Open Ponds and Photobioreactors
Figure 5: Global Investment Trends in Biofuels and Renewable Energy, 2005-2019
Figure 6: Demand for Biofuel vs. Production of Biofuel, 2010-2030*
Figure 7: Global Market for Algae Biofuel, by Region, 2021-2027
Figure 8: North American Market for Algae Biofuels, by Country, 2021-2027
Figure 9: Number of Algae-Producing Countries in the EU
Figure 10: European Market for Algae Biofuels, by Country, 2021-2027
Figure 11: Asia-Pacific Market for Algae Biofuel, by Country, 2021-2027
Figure 12: RoW Market for Algae Biofuels, by Country, 2021-2027
Figure 13: Global Market for Algae Biofuel, by Application, 2021-2027
Figure 14: North American Algae Biofuel Market, by Application, 2021-2027
Figure 15: European Algae Biofuel Market, by Application, 2021-2027
Figure 16: Asia-Pacific Algae Biofuel Market, by Application, 2021-2027
Figure 17: RoW Algae Biofuel Market, by Application, 2021-2027
Figure 18: AECOM: Global Sales Share, by Segment, 2022
Figure 19: Eneos Holding Group: Global Sales Share, by Segment, 2021
Figure 20: Euglena Co. Ltd.: Global Sales Share, by Segment, 2021
Figure 21: IHI Corp.: Global Sales Share, by Segment, 2021
Figure 22: Manta Biofuels Inc.: Global Sales Share, by Segment, 2021
Figure 23: Petronas: Global Sales Share, by Business Segment, 2021
Figure 24: Reliance Industries Ltd.: Global Sales Share, by Segment, 2022
Figure 25: Sinopec: Global Sales Share, by Business Segment, 2021
Figure 26: TotalEnergies SE: Global Sales Share, by Segment, 2022
Executive Summary
The publisher estimates that the dollar value of algae biofuel production will increase from $420,000 in 2022 to $720,000 by the end of 2027. The capacity will grow at a CAGR of 11.4%. The publisher also forecasts strong growth in algae biofuel production from 2025 as many companies have announced upcoming commercial production of algae biofuels.
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.
Companies Mentioned
- Aecom
- Eneos Holding Inc.
- Euglena Co. Ltd.
- Ihi Corp.
- Manta Biofuels Inc.
- Petronas
- Reliance Industries Ltd.
- Sinopec Group
- Totalenergies Se
- Viridos
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 71 |
| Published | March 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 420 Thousand |
| Forecasted Market Value ( USD | $ 720 Thousand |
| Compound Annual Growth Rate | 11.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
