Algae Biofuel Market Estimates & Trend Analysis By Application (Transportation, Others), By Region (North America, Europe, Asia Pacific, Rest of World), By Country, And Segment Forecasts, 2018 - 2025

  • ID: 4118836
  • Report
  • Region: Global, America, Asia, Asia Pacific, Europe, North America, United States
  • 75 pages
  • Grand View Research
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FEATURED COMPANIES

  • Algae Systems
  • Algenol
  • Cellana
  • Culture Biosystems
  • Origin Oils Inc.
  • Proviron
  • MORE
The global algae biofuel market is expected to reach USD 10.73 billion by 2025. Depleting fossil fuel resources as well as rising awareness towards environment protection is expected to be the key factor for driving industry growth.

Algae has the ability to offer 2 to 20 times higher yield than existing biofuel feedstock including corn stover, corn, sorghum and beet which is likely to open new avenues for the industry growth over the projected period. Increasing R&D conducted by numerous startup companies as well as various oil & gas majors, and university-led research consortiums are expected to propel production of the over the projected period. However, technological challenges and high capital investment in algae biomass and fuel production are expected to limit the industry growth.

Growing demand for low cost, reliable and sustainable energy sources to ease acute vulnerability to petroleum supply chain and meet the rising fuel demand by automotive and aviation sector is expected to have a positive impact on the industry growth over the forecast period. The industry is experiencing three major hurdles including maintaining algae biomass cultivation consistency across various regions and climates, high water demand for algae production and lack of technology innovation to commercial scale up. As a result, the market is expected to foresee regional partnerships and collaborations to capitalize the production and technology exchange for large scale productions.

Further key findings from the report suggest:

Transportation is expected to dominate the algae biofuel market accounting over 70% of the overall demand by 2025, owing to its high potential to replace diesel and gasoline in automotive vehicles

In Europe, the demand for the product in transportation application is expected to grow at a CAGR of over 12% from 2018 to 2025. High demand for biodiesel in the European countries owing to the government regulations and high adoption rate in the region is expected to propel industry growth.

North America is expected to be the largest market accounting over 30%, owing to high investment by the start-up companies and the U.S. government to support renewable energy sector over

Asia Pacific is expected to grow at a CAGR of over 8% to reach the revenue of over 2 billion by 2025, owing rapid technological advancements and low raw material costs in the region

In 2010, the U.S. based Solazyme, Inc. delivered over 36,000 liters of 100% algae-derived biofuel to the U.S. Navy, for testing and certification purpose, which was seen as key step towards product commercialization

The major players in the algae biofuel industry include Algenol, Blue Marble Production, Solazyme Inc., Sapphire Energy, Culture Biosystems, Origin Oils Inc., Proviron, Genifuels, Algae Systems, Solix Biofuels, Algae Production Systems and Reliance Life Sciences
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FEATURED COMPANIES

  • Algae Systems
  • Algenol
  • Cellana
  • Culture Biosystems
  • Origin Oils Inc.
  • Proviron
  • MORE
1 Methodology And Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2 Executive Summary
2.1 Market Snapshot
3 Algae Biofuel Market Variables, Trends & Scope
3.1 Market segmentation & scope
3.2 Algae Biofuel Value Chain Analysis
3.3 Regulatory Framework
3.4 Market dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Depleting fossil fuel resources
3.4.1.2 Growing detergents market in Asia Pacific
3.4.1.3 High oil yeild than the counterparts
3.4.2 Market Restraint Analysis
3.4.2.1 Technology barriers
3.4.2.2 High initial investment
3.5 Penetration & growth prospect mapping
3.6 Algae biofuel market - SWOT Analysis, By Factor (political & legal, economic and social)
3.7 Industry Analysis - Porter’s
4 Algae Biofuel Market: Application Estimates & Trend Analysis
4.1 Algae Biofuel market: Application movement analysis, 2018 & 2025
4.1.1 Transportation
4.1.1.1 Market estimates and forecasts, 2018 - 2025 (Million gallons) (USD Million)
4.1.1.2 Market estimates and forecasts, by region, 2018 - 2025 (Million gallons)
4.1.1.3 Market estimates and forecasts, by region, 2018 - 2025 (USD Million)
4.1.2 Others
4.1.2.1 Market estimates and forecasts, 2018 - 2025 (USD Million)
4.1.2.2 Market estimates and forecasts, by region, 2018 - 2025 (Million gallons)
4.1.2.3 Market estimates and forecasts, by region, 2018 - 2025 (USD Million)
5 Algae Biofuel Market: Regional Estimates & Trend Analysis
5.1 Regional Movement Analysis & Market Share, 2018 & 2025
5.1.1 North America Movement Analysis & Market Share, 2018 & 2025
5.1.1.1 Market estimates and forecast, by application, 2018 - 2025 (Million gallons) (USD million)
5.1.1.2 U.S. algae biofuel market share, 2018 & 2025
5.1.1.2.1 Market estimates and forecast, by application, 2018 - 2025 (Million gallons) (USD million)
5.1.2 Europe Movement Analysis & Market Share, 2018 & 2025
5.1.2.1 Market estimates and forecast, by application, 2018 - 2025 (Million gallons) (USD million)
5.1.3 Asia Pacific Movement Analysis & Market Share, 2018 & 2025
5.1.3.1 Market estimates and forecast, by application, 2018 - 2025 (Million gallons) (USD million)
5.1.4 Rest of the World Movement Analysis & Market Share, 2018 & 2025
5.1.4.1 Market estimates and forecast, by application, 2018 - 2025 (Million gallons) (USD million)
6 Competitive Landscape
6.1 Competitive Landscape
6.2 Vendor Landscape
6.3 Competitive Environment
6.4 Competitive Market Positioning
6.5 Strategy framework
7 Company Profiles
7.1 Algenol
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.1.4 Strategic Initiatives
7.2 Blue Marble Production
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Solazyme Inc.
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 Sapphire Energy
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
7.5 Culture Biosystems
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Origin Oils Inc.
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Strategic Initiatives
7.7 Genifuels
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.8 Algae Systems
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.8.4 Strategic Initiatives
7.9 Solix Biofuels
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.10 Production Systems
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.10.4 Strategic Initiatives
7.11 Reliance Life Sciences
7.11.1 Company Overview
7.11.2 Financial Performance
7.11.3 Product Benchmarking
7.11.4 Strategic Initiatives
7.12 AlgaEnergy
7.12.1 Company Overview
7.12.2 Financial Performance
7.12.3 Product Benchmarking
7.12.4 Strategic Initiatives
7.13 Cellana
7.13.1 Company Overview
7.13.2 Financial Performance
7.13.3 Product Benchmarking
7.13.4 Strategic Initiatives
7.14 Culture Biosystems
7.14.1 Company Overview
7.14.2 Financial Performance
7.14.3 Product Benchmarking
7.14.4 Strategic Initiatives
7.15 Proviron
7.15.1 Company Overview
7.15.2 Financial Performance
7.15.3 Product Benchmarking
7.15.4 Strategic Initiatives

List of Tables

Table 1 North America algae biofuel market volume, by application, 2018 - 2025 (Million gallons)
Table 2 North America algae biofuel market revenue, by application, 2018 - 2025 (USD Million)
Table 3 U.S. algae biofuel market volume, by application, 2018 - 2025 (Million gallons)
Table 4 U.S. algae biofuel market revenue, by application, 2018 - 2025 (USD Million)
Table 5 Europe algae biofuel market volume, by application, 2018 - 2025 (Million gallons)
Table 6 Europe algae biofuel market revenue, by application, 2018 - 2025 (USD Million)
Table 7 Asia Pacific algae biofuel market volume, by application, 2018 - 2025 (Million gallons)
Table 8 Asia Pacific algae biofuel market revenue, by application, 2018 - 2025 (USD Million)
Table 9 Rest of the world algae biofuel market volume, by application, 2018 - 2025 (Million gallons)
Table 10 Rest of the world algae biofuel market revenue, by application, 2018 - 2025 (USD Million)

List of Figures

Figure 1 Market summary
Figure 2 Market trends & outlook
Figure 3 Market segmentation & scope
Figure 4 Microencapsulation - Value chain analysis
Figure 5 Market Dynamics
Figure 6 Market driver relevance analysis (Current & future impact)
Figure 7 Market restraint relevance analysis (Current & future impact)
Figure 8 Penetration & growth prospect mapping
Figure 9 PESTEL Analysis
Figure 10 Porter’s Five Forces Analysis
Figure 11 Algae biofuel market: Application movement analysis, 2018 & 2025
Figure 12 Algae biofuel in transportation, 2018 - 2025 (Million gallons) (USD Million)
Figure 13 Algae biofuel market in other application, 2018 - 2025 (Million gallons) (USD Million)
Figure 14 Regional market place: Key takeaways
Figure 15 Regional movement analysis, 2018 & 2025
Figure 16 Strategy framework
Figure 17 Participant categorization
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  • Algenol
  • Blue Marble Production
  • Solazyme Inc.
  • Sapphire Energy
  • Culture Biosystems
  • Origin Oils Inc.
  • Genifuels
  • Algae Systems
  • Solix Biofuels
  • Production Systems
  • Reliance Life Sciences
  • AlgaEnergy
  • Cellana
  • Culture Biosystems
  • Proviron
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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