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Algae Biofuel is an alternative to liquid fossil fuels that uses algae as its source of energy-rich oils.
According to our (Global Info Research) latest study, the global Algae Biofuel market size was valued at USD 5296.2 million in 2022 and is forecast to a readjusted size of USD 6270.5 million by 2029 with a CAGR of 2.4% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Asia Pacific is expected to a key market for the product owing to the rapid growth of automotive industry in the region. The presence of large economies including China and India, which account for a major population share of the world is expected to drive demand for sustainable energy resources, which in turn is likely to open new avenues for the market growth.
China is one of the top five producers of algae biomass and has made high investments to produce algae-derived energy products such as diesel, petrol, and hydrogen. Rising focus of Chinese government to reduce rely on coal and other fossil fuel resources for transportation and industrial applications is expected to open new avenues for the industry growth.
This report is a detailed and comprehensive analysis for global Algae Biofuel market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Algae Biofuel market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Algae Biofuel market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Algae Biofuel market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Algae Biofuel market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Algae Biofuel
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Algae Biofuel market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Algenol, Blue Marble Production, Solazyme, Sapphire Energy and Culture Biosystems, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Algae Biofuel market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- Biodiesel
- Jet Fuel
- Biocrude
Market segment by Application
- Transportation
- Others
Major players covered
- Algenol
- Blue Marble Production
- Solazyme
- Sapphire Energy
- Culture Biosystems
- Origin Oils
- Proviron
- Genifuels
- Algae Systems
- Solix Biofuels
- Reliance Life Sciences
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Algae Biofuel product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Algae Biofuel, with price, sales, revenue and global market share of Algae Biofuel from 2018 to 2023.
Chapter 3, the Algae Biofuel competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Algae Biofuel breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Algae Biofuel market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Algae Biofuel.
Chapter 14 and 15, to describe Algae Biofuel sales channel, distributors, customers, research findings and conclusion.