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
The global algae biofuel market is expected to reach USD 10.73 billion by 2025, according to a new report by Grand View Research, Inc. 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
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
CHAPTER 1 METHODOLOGY AND SCOPE
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Snapshot
CHAPTER 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
CHAPTER 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)
CHAPTER 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)
CHAPTER 6 COMPETITIVE LANDSCAPE
6.1 Competitive Landscape
6.2 Vendor Landscape
6.3 Competitive Environment
6.4 Competitive Market Positioning
6.5 Strategy framework
CHAPTER 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
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Snapshot
CHAPTER 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
CHAPTER 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)
CHAPTER 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)
CHAPTER 6 COMPETITIVE LANDSCAPE
6.1 Competitive Landscape
6.2 Vendor Landscape
6.3 Competitive Environment
6.4 Competitive Market Positioning
6.5 Strategy framework
CHAPTER 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)
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
FIG. 1 Market summary
FIG. 2 Market trends & outlook
FIG. 3 Market segmentation & scope
FIG. 4 Microencapsulation - Value chain analysis
FIG. 5 Market Dynamics
FIG. 6 Market driver relevance analysis (Current & future impact)
FIG. 7 Market restraint relevance analysis (Current & future impact)
FIG. 8 Penetration & growth prospect mapping
FIG. 9 PESTEL Analysis
FIG. 10 Porter’s Five Forces Analysis
FIG. 11 Algae biofuel market: Application movement analysis, 2018 & 2025
FIG. 12 Algae biofuel in transportation, 2018 - 2025 (Million gallons) (USD Million)
FIG. 13 Algae biofuel market in other application, 2018 - 2025 (Million gallons) (USD Million)
FIG. 14 Regional market place: Key takeaways
FIG. 15 Regional movement analysis, 2018 & 2025
FIG. 16 Strategy framework
FIG. 17 Participant categorization
FIG. 1 Market summary
FIG. 2 Market trends & outlook
FIG. 3 Market segmentation & scope
FIG. 4 Microencapsulation - Value chain analysis
FIG. 5 Market Dynamics
FIG. 6 Market driver relevance analysis (Current & future impact)
FIG. 7 Market restraint relevance analysis (Current & future impact)
FIG. 8 Penetration & growth prospect mapping
FIG. 9 PESTEL Analysis
FIG. 10 Porter’s Five Forces Analysis
FIG. 11 Algae biofuel market: Application movement analysis, 2018 & 2025
FIG. 12 Algae biofuel in transportation, 2018 - 2025 (Million gallons) (USD Million)
FIG. 13 Algae biofuel market in other application, 2018 - 2025 (Million gallons) (USD Million)
FIG. 14 Regional market place: Key takeaways
FIG. 15 Regional movement analysis, 2018 & 2025
FIG. 16 Strategy framework
FIG. 17 Participant categorization
