Report Highlights
Global algae biofuels market should reach $720 thousand by 2027 from $420 thousand in 2022 at a compound annual growth rate (CAGR) of 11.4% for the forecast period of 2022 to 2027.
Report Includes
- 19 data tables and 23 additional tables
- An overview of the global market for algae biofuel
- Analyses of global market trends with data from 2021 to 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Characterization and quantification of the global algae biofuel markets by product, application, and region
- In-depth analysis of the key strategies adopted by industry players, such as acquisition and geographical expansion
- Profiles of the major players in the industry, including Aecom, Euglena Co. Ltd., IHI Corp., Manta Biofuels Inc. and Reliance Industries Ltd.
Report Scope
This report will cover the global algae biofuel industry. Definitive and detailed estimates and forecasts of the worldwide markets are provided, followed by a detailed analysis of various regions, countries and applications. This report covers the present scenario and growth prospects of the global algae biofuel market for 2022-2027.
Since most algae biofuel production is in the R&D, pilot stage and industrial scale, the market size is calculated based on industrial scale capacity, future expansion plans and considerable literature research. The report also presents the market’s competitive landscape and features a detailed profile of the key players operating in the market.
Furthermore, the study also discusses market dynamics such as drivers, restraints, opportunities and challenges. It also examines emerging trends and their impact on current and future market dynamics.
The report consists of seven chapters:
- Chapter 1 defines algae and gives a general introduction to the report.
- Chapter 2 discusses the global algae biofuel market and provides an industry overview.
- Chapter 3 presents an overview of types of algae strain, their yield and the technology used in cultivating, harvesting and extraction of algae oil.
- Chapter 4 presents an overview of the algae biofuel market, assesses market trends, drivers and challenges. It also assesses the impact of COVID-19 and the Russia-Ukraine war on the market.
- Chapter 5 discusses the algae biofuel market by region and gives the market forecast for 2027.
- Chapter 6 discusses the market by application and provides a market forecast for 2027.
- Chapter 7 provides profiles of the 10 leading companies in the algae biofuel market.
A negative economic outlook was assumed in all the segments for 2020 due to the COVID-19 pandemic. The Russia-Ukraine war that started in February 2022 has also been considered in this report to produce a negative economic impact on this market. However, growing economies such as India, Malaysia and Indonesia are attracting key companies in the algae biofuel market and are likely to be responsible for increased consumer spending.
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||
| Forecast period considered | 2022 to 2027 | ||||||||||
| Base year market size | $410 thousand | ||||||||||
| Market size forecast | $720 thousand | ||||||||||
| Growth rate | CAGR of 11.4% for the forecast period of 2022-2027 | ||||||||||
| Units considered | $ Thousands | ||||||||||
| Segments covered | application and region | ||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (ROW) | ||||||||||
| Countries covered | U.S., Canada, Mexico, Italy, Spain, Germany, Norway, The Netherlands, Portugal, Rest of Europe, China, India, Japan, Malaysia, Indonesia, Rest of Asia-Pacific, Brazil, Israel, Australia, and Rest of RoW | ||||||||||
| Key Market Drivers |
|
||||||||||
| Companies studied |
|
Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
- Proteomics: Technologies and Global Markets (BIO034G)
- Acrylic Coatings: Technologies, End Users and Global Markets (CHM105C)
- Halal Food Regional Market Analysis: Middle East and North Africa (FOD137A)
- Biologic Therapeutic Drugs: Technologies and Global Markets (BIO079F)
- Next-Generation Advanced Batteries: Global Markets (FCB062B)
Related Reports
2024 Sustainable Energy Research Review
The Energy industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years. This report provides a sampling of the types of quantitative market information, analysis and guidance that has been aiding business decision making since the inception of BCC Research in 1971.
Global Upcycled Food Market
This report presents the global upcycled food market, offering detailed insights into its current scenario and future potential. It includes market projections through 2029, and evaluates the market position of key players.
Processed Meat: Global Markets
This report provides an overview of the global processed meat market, offering detailed insights into its current scenario and future potential. It includes market projections through 2029 and evaluates the market position of key players. The report categorizes the processed meat market based on product type, animal type, distribution channel, and region.
Seaweed Extract: Global Markets
The global market for seaweed extract is expected to grow from $17.5 billion in 2024 and is projected to reach $20.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 3.6% during the forecast period of 2024 to 2029.
Recent Reports
U.S. Indoor Air Quality Market
The U.S. indoor air quality (IAQ) market was valued at $10.2 billion in 2023. It is expected to grow from $10.5 billion in 2024 to $12.9 billion by 2029, at a compound annual growth rate (CAGR) of 4.3% from 2024 through 2029.
Global Carbon Dioxide Removals (CDR) Market
The global carbon dioxide removal (CDR) market is expected to grow from $3.4 billion in 2024 to $25.0 billion by 2029, at a compound annual growth rate (CAGR) of 49.0% from 2024 through 2029.
Green Hydrogen: Global Markets
The global market for green hydrogen is expected to grow from $5.2 billion in 2024 and is projected to reach $38.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 48.7% during the forecast period of 2024 to 2029.
Water Meters, Water Quality Sensors and Water Leak Detection: Global Markets
The global market for water meters is estimated to increase from $15.0 billion in 2023 to reach $19.3 billion by 2029, at a compound annual growth rate (CAGR) of 4.5% from 2024 through 2029.
Circular Economy: A Global Outlook
This report provides an in-thorough analysis of the circular economy market, highlighting its current and future potential. It provides a detailed examination of market drivers, restraints, challenges, and opportunities, along with market projections for 2029 and rankings of key market players.
Top Trending Reports
Global Markets for Emerging Medical Device Technologies
The global market for emerging medical devices is estimated to increase from $136.6 billion in 2024 to reach $223.9 billion by 2029, at a compound annual growth rate (CAGR) of 10.4% from 2024 through 2029.
Global Diabetic Care Devices Market
The global market for diabetes monitoring devices is expected to grow from $16.6 billion in 2024 to $26.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.1% from 2024 through 2029.
Single-Cell Genomics and Proteomics: Emerging Technologies and Markets
The global market for single-cell genomics and proteomics is expected to grow from $4.0 billion in 2024 to reach $9.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 17.6% from 2024 through 2029.
Global Lithium-ion Battery Market
The global market for lithium-ion battery (LIB) is expected to grow from $117.8 billion in 2024 and is projected to reach $221.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 13.5% during the forecast period of 2024 to 2029.
2024 Medical Devices Research Review
The medical device industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years These devices treat and diagnose a multitude of patient conditions and work much better than drugs.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More