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Global Algae Biofuel Market Size study & forecast, by Type (Bioethanol, Biodiesel, Methane, Jet Fuel, Biobutanol, Biogasoline, Green Diesel, Others) by Application (Transportation, Aerospace, Other Applications) and Regional Analysis, 2022-2029

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KSA 23.06.12

Global Algae Biofuel Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Algae biofuel is a renewable, sustainable fuel produced from the oils extracted from certain types of algae. Algae are simple, aquatic plants that use sunlight to photosynthesize and produce energy. They can grow rapidly and produce large quantities of oil, which can be converted into a range of biofuels, such as biodiesel, jet fuel, and ethanol. The process of producing algae biofuel involves cultivating algae in open ponds or closed photobioreactors, and then harvesting the algae and extracting their oil. The oil is then refined and processed into biofuels, which can be used to power vehicles, generators, and other machinery. The key factor driving the market growth is rising demand for renewable fuels among consumers and cohesive government initiatives, such as incentives for renewable energy production or usage and funding for research & development in Algae Biofuel is anticipated to support the market growth during forecast period.

However, the rising public and private initiative for the development of renewable energy is anticipated to influence the market growth. For instance, in June 2022, Saudi Arabian Refineries Company (SARCO) and UK-based green technology company Christof Global Impact have signed two non-binding memorandums of understanding (MoU) to research the development of renewable fuel projects in the Kingdom. The company stated in a statement to the Saudi Exchange that the first MoU intends to examine the development of a refinery to manufacture biofuel (biodiesel-carbon-negative fuel) derived from algae (carbon-negative algae oil). Additionally, rise in awareness regarding renewable energy source, due to several research studies are conducted, enables consumers to understand the need to shift from fossil fuels toward alternate energy sources is anticipated to create the lucrative opportunity for the market during forecast period. However, the high investments and technological barriers stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Algae Biofuel Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the presence of key market players and growing consumer awareness regarding the use of biofuel as a transportation fuel. Whereas, Asia Pacific is also anticipated to exhibit fastest growth rate over the forecast period, owing to factors such as favorable government policies and rising demand for the biofuels would create lucrative growth prospects for the Algae Biofuel market across Asia Pacific region.

Major market players included in this report are:

  • Culture BioSystems (U.S.)
  • Origin Clear Inc. (U.S.)
  • Genifuel Corporation. (U.S.)
  • ALGAE PRODUCTION SYSTEMS (U.S.)
  • Blue Marble Production Inc. (U.S.)
  • Culture Biosystems (U.S.)
  • Proviron (Belgium)
  • Solix (U.S.)
  • Cellana Inc (U.S.)
  • Biofuels Digest (U.S.)

Recent Developments in the Market:

In April, 2020, Mazda participate in cooperative research projects and studies. The company is dedicated to reducing its average Well-to-Wheel CO2 emissions to 50% of 2010 levels by 2030 and to 90% by 2050 as part of its Sustainable Zoom-Zoom 2030 long-term technology development programme.

Global Algae Biofuel Market Report Scope:

  • Historical Data: 2019-2020-2021
  • Base Year for Estimation: 2021
  • Forecast period: 2022-2029
  • Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered: Type, Application, Region
  • Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
  • Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:

  • Bioethanol
  • Biodiesel
  • Methane
  • Jet Fuel
  • Biobutanol
  • Biogasoline
  • Green Diesel
  • Others

By Application:

  • Transportation
  • Aerospace
  • Other Applications

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • ROE
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • RoAPAC
  • Latin America
    • Brazil
    • Mexico
    • RoLA
  • Rest of the World

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
    • 1.2.1. Algae Biofuel Market, by Region, 2019-2029 (USD Billion)
    • 1.2.2. Algae Biofuel Market, by Type, 2019-2029 (USD Billion)
    • 1.2.3. Algae Biofuel Market, by Application, 2019-2029 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Algae Biofuel Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Algae Biofuel Market Dynamics

  • 3.1. Algae Biofuel Market Impact Analysis (2019-2029)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Rising demand for renewable fuels among consumers
      • 3.1.1.2. Cohesive government initiatives for renewable energy production
    • 3.1.2. Market Challenges
      • 3.1.2.1. High investments and technological barriers
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Rise in awareness regarding renewable energy source

Chapter 4. Global Algae Biofuel Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
  • 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
  • 4.3. PEST Analysis
    • 4.3.1. Political
    • 4.3.2. Economical
    • 4.3.3. Social
    • 4.3.4. Technological
  • 4.4. Top investment opportunity
  • 4.5. Top winning strategies
  • 4.6. Industry Experts Prospective
  • 4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

  • 5.1. Assessment of the overall impact of COVID-19 on the industry
  • 5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Algae Biofuel Market, by Type

  • 6.1. Market Snapshot
  • 6.2. Global Algae Biofuel Market by Type, Performance - Potential Analysis
  • 6.3. Global Algae Biofuel Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
  • 6.4. Algae Biofuel Market, Sub Segment Analysis
    • 6.4.1. Bioethanol
    • 6.4.2. Biodiesel
    • 6.4.3. Methane
    • 6.4.4. Jet Fuel
    • 6.4.5. Biobutanol
    • 6.4.6. Biogasoline
    • 6.4.7. Green Diesel
    • 6.4.8. Others

Chapter 7. Global Algae Biofuel Market, by Application

  • 7.1. Market Snapshot
  • 7.2. Global Algae Biofuel Market by Application, Performance - Potential Analysis
  • 7.3. Global Algae Biofuel Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
  • 7.4. Algae Biofuel Market, Sub Segment Analysis
    • 7.4.1. Transportation
    • 7.4.2. Aerospace
    • 7.4.3. Other Applications

Chapter 8. Global Algae Biofuel Market, Regional Analysis

  • 8.1. Algae Biofuel Market, Regional Market Snapshot
  • 8.2. North America Algae Biofuel Market
    • 8.2.1. U.S. Algae Biofuel Market
      • 8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
      • 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
    • 8.2.2. Canada Algae Biofuel Market
  • 8.3. Europe Algae Biofuel Market Snapshot
    • 8.3.1. U.K. Algae Biofuel Market
    • 8.3.2. Germany Algae Biofuel Market
    • 8.3.3. France Algae Biofuel Market
    • 8.3.4. Spain Algae Biofuel Market
    • 8.3.5. Italy Algae Biofuel Market
    • 8.3.6. Rest of Europe Algae Biofuel Market
  • 8.4. Asia-Pacific Algae Biofuel Market Snapshot
    • 8.4.1. China Algae Biofuel Market
    • 8.4.2. India Algae Biofuel Market
    • 8.4.3. Japan Algae Biofuel Market
    • 8.4.4. Australia Algae Biofuel Market
    • 8.4.5. South Korea Algae Biofuel Market
    • 8.4.6. Rest of Asia Pacific Algae Biofuel Market
  • 8.5. Latin America Algae Biofuel Market Snapshot
    • 8.5.1. Brazil Algae Biofuel Market
    • 8.5.2. Mexico Algae Biofuel Market
    • 8.5.3. Rest of Latin America Algae Biofuel Market
  • 8.6. Rest of The World Algae Biofuel Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. Culture BioSystems (U.S.)
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. Origin Clear Inc. (U.S.)
    • 9.2.3. Genifuel Corporation. (U.S.)
    • 9.2.4. ALGAE PRODUCTION SYSTEMS (U.S.)
    • 9.2.5. Blue Marble Production Inc. (U.S.)
    • 9.2.6. Culture Biosystems (U.S.)
    • 9.2.7. Proviron (Belgium)
    • 9.2.8. Solix (U.S.)
    • 9.2.9. Cellana Inc (U.S.)
    • 9.2.10. Biofuels Digest (U.S.)

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption
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