Press Resease

Algae Biofuel Market by Type (Bioethanol, Biodiesel, Methane, Jet Fuel, Biobutanol, Biogasoline, Green Diesel, and Others) and for Application (Transportation, Aerospace, and Other Applications): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Published Date: 06-Jul-2018 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-2891 Status : Published

Global algae biofuel market expected to generate revenue of around USD 9.88 billion by end of 2024, growing at a CAGR of around 8.6% between 2017 and 2024. Algae biofuels are obtained from several algae species such as Chlorella species, Tetraselmis suecia Botryococcus braunii, Crypthecodinium cohnii, and Nitzschia species.

Description

The report provides a comprehensive glance of algae biofuel market on the global and regional level. The study gives historical data from 2015 to 2017 along with the forecast from 2018 to 2024 based on both revenue and volume. The study includes major driving forces and restraints for the algae biofuel market along with the impact they have on the demand within the forecast period. Additionally, the study also provides the major growth opportunities of global algae biofuel market.

The global algae biofuel market study also comprises the detailed value chain analysis for providing a comprehensive view of the market. Moreover, the study also includes Porter’s Five Forces model for algae biofuel, to understand the competitive landscape of the global market. The study includes a market attractiveness analysis of all the segments related to the market.

Global Algae Biofuel Market

The study provides a significant view of the global algae biofuel market by classifying it into type, application, and region segmentation. These segments have been estimated with the future and past trends. On the basis of type segment, the market has been segmented into bioethanol, biodiesel, methane, jet fuel, biobutanol, biogasoline, green diesel, and others. The key applications in the report have been segmented into transportation, aerospace, and other applications. The regional segmentation includes major five regions such as the Middle East & Africa, Asia Pacific, Europe, Latin America, and North America. Also, it is classified into major countries such as the U.S., UK, Germany, France, China, Japan, India, and Brazil.

Major manufactures of global algae biofuel market include Algenol, Blue Marble Production, Culture Biosystems, Sapphire Energy Origin Oils Inc., Proviron, Culture Biosystems Genifuels, Algae Systems, Solix Biofuels, Solazyme Inc., and Reliance Life Sciences, among others.

This report segments the global algae biofuel market as follows:

Global Algae Biofuel Market: Type Analysis

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

Global Algae Biofuel Market: Application Analysis

  • Transportation
  • Aerospace
  • Others

Global Algae Biofuel Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) Offerings
    • 1.2. Research scope
    • 1.3. Market Research Methodology
      • 1.3.1. Level 1: Primary Research
      • 1.3.2. Level 2: Secondary Research
      • 1.3.3. Level 3: Data Validation and Expert Panel Assessment
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Algae Biofuel Market, 2015 - 2024 (Billion Gallons)(USD Billion)
    • 2.2. Global Algae Biofuel Market: Snapshot
  •  
  • Chapter 3. Algae Biofuel - Market Dynamics
    • 3.1. Introduction
      • 3.1.1. Classification of Algae Biofuel
      • 3.1.2. Key Trend Analysis
    • 3.2. Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Reducing fossil fuel reTypes
      • 3.3.2. High oil yield
    • 3.4. Market Restraints
      • 3.4.1. High production cost
    • 3.5. Opportunities
    • 3.6. Porter's Five Forces Analysis
    • 3.7. Attractiveness Investment Proposition
      • 3.7.1. Market Attractiveness Analysis by Type Segment
      • 3.7.2. Market Attractiveness Analysis by Application Segment
      • 3.7.3. Market Attractiveness Analysis by Region Segment
  •  
  • Chapter 4. Global Algae Biofuel Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017 (subject to data availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions Mergers
      • 4.2.2. New Forms Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.3. Research and Development, Forms and Regional Expansion
  •  
  • Chapter 5. Global Algae Biofuel Market - Type Analysis
    • 5.1. Algae biofuel Market: Type Segment Analysis
      • 5.1.1. Global Algae biofuel Market share by Type Segment, 2017 - 2024
    • 5.2. Bioethanol
      • 5.2.1. Overview
      • 5.2.2. Global Bioethanol Market, 2015 - 2024, (Billion Gallons) (USD Billion)
    • 5.3. Biodiesel
      • 5.3.1. Overview
      • 5.3.2. Global Natural Market, 2015 - 2024, (Billion Gallons) (USD Billion)
    • 5.4. Methane
      • 5.4.1. Overview
      • 5.4.2. Global Natural Market, 2015 - 2024, (Billion Gallons) (USD Billion)
    • 5.5. Jet Fuel
      • 5.5.1. Overview
      • 5.5.2. Global Natural Market, 2015 - 2024, (Billion Gallons) (USD Billion)
    • 5.6. Biobutanol
      • 5.6.1. Overview
      • 5.6.2. Global Natural Market, 2015 - 2024, (Billion Gallons) (USD Billion)
    • 5.7. Biogasoline
      • 5.7.1. Overview
      • 5.7.2. Global Natural Market, 2015 - 2024, (Billion Gallons) (USD Billion)
    • 5.8. Green Diesel
      • 5.8.1. Overview
      • 5.8.2. Global Natural Market, 2015 - 2024, (Billion Gallons) (USD Billion)
    • 5.9. Others
      • 5.9.1. Overview
      • 5.9.2. Global Natural Market, 2015 - 2024, (Billion Gallons) (USD Billion)
  •  
  • Chapter 6. Global Algae Biofuel Market: Application Analysis
    • 6.1. Global Algae Biofuel Market: Application Overview
      • 6.1.1. Global Algae Biofuel Market Volume Share by Application, 2017 And 2024
    • 6.2. Transportation
      • 6.2.1. Overview
      • 6.2.2. Global Algae Biofuel Market for Detergents Soaps, 2015 - 2024 (Billion Gallons) (USD Billion)
    • 6.3. Aerospace
      • 6.3.1. Overview
      • 6.3.2. Global Algae Biofuel Market for Carpet Cleaners, 2015 - 2024 (Billion Gallons) (USD Billion)
    • 6.4. Others
      • 6.4.1. Overview
      • 6.4.2. Global Algae Biofuel Market for Other Applications, 2015 - 2024 (Billion Gallons) (USD Billion)
  •  
  • Chapter 7. Global Algae Biofuel Market: Regional Analysis
    • 7.1. Global Algae Biofuel Market: Regional overview
      • 7.1.1. Global Algae Biofuel Market Volume Share by Region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. Overview
      • 7.2.2. North America Algae Biofuel Market Volume, By Type, 2015 - 2024, (Billion Gallons)
      • 7.2.3. North America Algae Biofuel Market Revenue, By Type, 2015 - 2024, (USD Billion)
      • 7.2.4. North America Algae Biofuel Market Volume, By Application, 2015 - 2024, (Billion Gallons)
      • 7.2.5. North America Algae Biofuel Market Revenue, By Application, 2015 - 2024, (USD Billion)
      • 7.2.6. U.S.
        • 7.2.6.1. U.S. Algae Biofuel Market Volume, By Type, 2015 - 2024, (Billion Gallons)
        • 7.2.6.2. U.S. Algae Biofuel Market Revenue, By Type, 2015 - 2024, (USD Billion)
        • 7.2.6.3. U.S. Algae Biofuel Market Volume, By Application, 2015 - 2024, (Billion Gallons)
        • 7.2.6.4. U.S. Algae Biofuel Market Revenue, By Application, 2015 - 2024, (USD Billion)
    • 7.3. Europe
      • 7.3.1. Overview
      • 7.3.2. Europe Algae Biofuel Market Volume, By Type, 2015 - 2024 (Billion Gallons)
      • 7.3.3. Europe Algae Biofuel Market Revenue, By Type, 2015 - 2024 (USD Billion)
      • 7.3.4. Europe Algae Biofuel Market Volume, By Application, 2015 - 2024 (Billion Gallons)
      • 7.3.5. Europe Algae Biofuel Market Revenue, By Application, 2015 - 2024 (USD Billion)
      • 7.3.6. UK
        • 7.3.6.1. UK Algae Biofuel Market Volume, By Type, 2015 - 2024, (Billion Gallons)
        • 7.3.6.2. UK Algae Biofuel Market Revenue, By Type, 2015 - 2024, (USD Billion)
        • 7.3.6.3. UK Algae Biofuel Market Volume, By Application, 2015 - 2024, (Billion Gallons)
        • 7.3.6.4. UK Algae Biofuel Market Revenue, By Application, 2015 - 2024, (USD Billion)
      • 7.3.7. France
        • 7.3.7.1. France Algae Biofuel Market Volume, By Type, 2015 - 2024, (Billion Gallons)
        • 7.3.7.2. France Algae Biofuel Market Revenue, By Type, 2015 - 2024, (USD Billion)
        • 7.3.7.3. France Algae Biofuel Market Volume, By Application, 2015 - 2024, (Billion Gallons)
        • 7.3.7.4. France Algae Biofuel Market Revenue, By Application, 2015 - 2024, (USD Billion)
      • 7.3.8. Germany
        • 7.3.8.1. Germany Algae Biofuel Market Volume, By Type, 2015 - 2024, (Billion Gallons)
        • 7.3.8.2. Germany Algae Biofuel Market Revenue, By Type, 2015 - 2024, (USD Billion)
        • 7.3.8.3. Germany Algae Biofuel Market Volume, By Application, 2015 - 2024, (Billion Gallons)
        • 7.3.8.4. Germany Algae Biofuel Market Revenue, By Application, 2015 - 2024, (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Overview
      • 7.4.2. Asia Pacific Algae Biofuel Market Volume, By Type, 2015 - 2024 (Billion Gallons)
      • 7.4.3. Asia Pacific Algae Biofuel Market Revenue, By Type, 2015 - 2024 (USD Billion)
      • 7.4.4. Asia Pacific Algae Biofuel Market Volume, By Application, 2015 - 2024 (Billion Gallons)
      • 7.4.5. Asia Pacific Algae Biofuel Market Revenue, By Application, 2015 - 2024 (USD Billion)
      • 7.4.6. China
        • 7.4.6.1. China Algae Biofuel Market Volume, By Type, 2015 - 2024, (Billion Gallons)
        • 7.4.6.2. China Algae Biofuel Market Revenue, By Type, 2015 - 2024, (USD Billion)
        • 7.4.6.3. China Algae Biofuel Market Volume, By Application, 2015 - 2024, (Billion Gallons)
        • 7.4.6.4. China Algae Biofuel Market Revenue, By Application, 2015 - 2024, (USD Billion)
      • 7.4.7. Japan
        • 7.4.7.1. Japan Algae Biofuel Market Volume, By Type, 2015 - 2024, (Billion Gallons)
        • 7.4.7.2. Japan Algae Biofuel Market Revenue, By Type, 2015 - 2024, (USD Billion)
        • 7.4.7.3. Japan Algae Biofuel Market Volume, By Application, 2015 - 2024, (Billion Gallons)
        • 7.4.7.4. Japan Algae Biofuel Market Revenue, By Application, 2015 - 2024, (USD Billion)
      • 7.4.8. India
        • 7.4.8.1. India Algae Biofuel Market Volume, By Type, 2015 - 2024, (Billion Gallons)
        • 7.4.8.2. India Algae Biofuel Market Revenue, By Type, 2015 - 2024, (USD Billion)
        • 7.4.8.3. India Algae Biofuel Market Volume, By Application, 2015 - 2024, (Billion Gallons)
        • 7.4.8.4. India Algae Biofuel Market Revenue, By Application, 2015 - 2024, (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Overview
      • 7.5.2. Latin America Algae Biofuel Market Volume, By Type, 2015 - 2024 ( Billion Gallons)
      • 7.5.3. Latin America Algae Biofuel Market Revenue, By Type, 2015 - 2024 (USD Billion)
      • 7.5.4. Latin America Algae Biofuel Market Volume, By Application, 2015 - 2024 ( Billion Gallons)
      • 7.5.5. Latin America Algae Biofuel Market Revenue, By Application, 2015 - 2024 (USD Billion)
      • 7.5.6. Brazil
        • 7.5.6.1. Brazil Algae Biofuel Market Volume, By Type, 2015 - 2024, ( Billion Gallons)
        • 7.5.6.2. Brazil Algae Biofuel Market Revenue, By Type, 2015 - 2024, (USD Billion)
        • 7.5.6.3. Brazil Algae Biofuel Market Volume, By Application, 2015 - 2024, ( Billion Gallons)
        • 7.5.6.4. Brazil Algae Biofuel Market Revenue, By Application, 2015 - 2024, (USD Billion)
      • 7.6. Middle East and Africa
        • 7.6.1. Overview
        • 7.6.2. Middle East and Africa Algae Biofuel Market Volume, By Type, 2015 - 2024 ( Billion Gallons)
        • 7.6.3. Middle East and Africa Algae Biofuel Market Revenue, By Type, 2015 - 2024 (USD Billion)
        • 7.6.4. Middle East and Africa Algae Biofuel Market Volume, By Application, 2015 - 2024 ( Billion Gallons)
        • 7.6.5. Middle East and Africa Algae Biofuel Market Revenue, By Application, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Company Profiles
    • 8.1. Algenol
      • 8.1.1. Company Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Blue Marble Production
      • 8.2.1. Company Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Solazyme Inc.
      • 8.3.1. Company Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Sapphire Energy
      • 8.4.1. Company Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Culture Biosystems
      • 8.5.1. Company Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Developments
    • 8.6. Origin Oils Inc.
      • 8.6.1. Company Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Developments
    • 8.7. Proviron
      • 8.7.1. Company Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Developments
    • 8.8. Genifuels
      • 8.8.1. Company Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Developments
    • 8.9. Algae Systems
      • 8.9.1. Company Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Developments
    • 8.10. Solix Biofuels
      • 8.10.1. Company Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Developments
    • 8.11. Reliance Life Sciences
      • 8.11.1. Company Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Developments
    • 8.12. XinLi Chemical
      • 8.12.1. Company Overview
      • 8.12.2. Financials
      • 8.12.3. Product Portfolio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Developments

Methodology

Free Analysis

Biofuels are the products derived from biological materials through biomass conversion. Algae biofuels are developed to conquer the limitations associated with conventional biofuels. Algae biofuel production is more energy efficient than the conventional fossil fuels. Algae biofuels minimize greenhouse gas emissions by 90%; thus, are more eco-friendly. Production of algae biofuels is beneficial for countries with no fuel reserves as it helps to reduce foreign exchange spending towards import of fuels.

The algae biofuel market is driven by the need to produce clean and sustainable energy, with minimal environmental impact. Increasing regulating policies and government support is observed as a key driver boosting the demand for algae biofuel. Moreover, rising fuel demand by automotive and aviation sector is expected to have a positive impact on the industry growth within the forecast period. The algae biofuel industry is witnessing three main obstacles including high water demand for algae production, maintaining algae biomass cultivation consistency across the globe, and high capital costs along with technological challenges in algae biomass are expected to limit the market in the years to come. Nevertheless, algae can provide 10 to 20 times higher yield than other biofuel feedstocks such as beetroot, sorghum, corn, and other crops, which is likely to open new growth avenues for the industry in future.

Global Algae Biofuel Market

Based on the type, the algae market has been segmented into bioethanol, biodiesel, methane, jet fuel, biobutanol, biogasoline, green diesel, and some others. Some of the applications of algae biofuel market include transportation, aerospace, and others. In terms of revenue, transportation segment dominated the market in 2017 owing to the potential of algae biofuel to replace conventional petrol and diesel products. Algae biofuels have tremendous future opportunities as automotive and aviation fuel.

Geographically, the algae biofuels market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America dominated the algae biofuel market. Favorable government policies toward renewable resources such as algae biofuel are expected to boost the market in this region. Europe has significant demand for algae biofuel, especially in the biodiesel applications. The Asia Pacific is expected to be a major market for the algae biofuel due to the rapid growth of the transport industry in the region. Furthermore, increasing government initiative in producing alternative biofuel is likely to positively impact the algae biofuel market in the Asia Pacific.

To leverage opportunities in the algae biofuel market, many companies are setting up algae biofuel plants. Some of the key players in algae biofuel market include Algenol, Solazyme Inc., Algae Systems, Sapphire Energy, Solix Biofuels, Culture Biosystems, Origin Oils Inc., Reliance Life Sciences, Proviron, Genifuels, and Blue Marble Production, among others. Players are mainly involved in partnership agreements for R&D to exploit maximum potential. For instance, in 2015, Algenol and Reliance Industries have deployed India's first Algenol algae production platform.

Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com