Algae Biofuel Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025

Report Code: CMR 62026 Report Format: PDF + Excel (Delivery in 48 Hrs)

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. Algae Biofuel Market - Overview
        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
*Financials would be provided on a best efforts basis for private companies
16. Algae Biofuel Market - Appendix
        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 2019-2024 ($M)
1.1 Transportation Market 2019-2024 ($M) - Global Industry Research
2.Global Algae Biofuel Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
2.1 Transportation Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Algae Biofuel Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
3.1 Transportation Market 2019-2024 ($M) - Regional Industry Research
4.South America Algae Biofuel Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
4.1 Transportation Market 2019-2024 ($M) - Regional Industry Research
5.Europe Algae Biofuel Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
5.1 Transportation Market 2019-2024 ($M) - Regional Industry Research
6.APAC Algae Biofuel Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
6.1 Transportation Market 2019-2024 ($M) - Regional Industry Research
7.MENA Algae Biofuel Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
7.1 Transportation Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Algae Biofuel Market Revenue, 2019-2024 ($M)
2.Canada Algae Biofuel Market Revenue, 2019-2024 ($M)
3.Mexico Algae Biofuel Market Revenue, 2019-2024 ($M)
4.Brazil Algae Biofuel Market Revenue, 2019-2024 ($M)
5.Argentina Algae Biofuel Market Revenue, 2019-2024 ($M)
6.Peru Algae Biofuel Market Revenue, 2019-2024 ($M)
7.Colombia Algae Biofuel Market Revenue, 2019-2024 ($M)
8.Chile Algae Biofuel Market Revenue, 2019-2024 ($M)
9.Rest of South America Algae Biofuel Market Revenue, 2019-2024 ($M)
10.UK Algae Biofuel Market Revenue, 2019-2024 ($M)
11.Germany Algae Biofuel Market Revenue, 2019-2024 ($M)
12.France Algae Biofuel Market Revenue, 2019-2024 ($M)
13.Italy Algae Biofuel Market Revenue, 2019-2024 ($M)
14.Spain Algae Biofuel Market Revenue, 2019-2024 ($M)
15.Rest of Europe Algae Biofuel Market Revenue, 2019-2024 ($M)
16.China Algae Biofuel Market Revenue, 2019-2024 ($M)
17.India Algae Biofuel Market Revenue, 2019-2024 ($M)
18.Japan Algae Biofuel Market Revenue, 2019-2024 ($M)
19.South Korea Algae Biofuel Market Revenue, 2019-2024 ($M)
20.South Africa Algae Biofuel Market Revenue, 2019-2024 ($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)