Algae Biofuel Market to Witness Comprehensive Growth by 2026
The
global quest for greener, renewable alternatives to biofuels has
generated a groundswell of interest in third-generation biofuels.
Algae biofuel have emerged as unique promising in this direction as
they overcome the drawbacks of crop-based biofuels of the second
generation. Algae biofuels are derived from species such as
Botryococcus braunii, Chlorella species, Crypthecodinium cohnii, and
Nitzschia species. In recent years, stakeholders and interested
investors have poured in tens of thousands of dollars in realizing
this potential. Application of modern biochemical engineering
processes has further created a robust technological framework for
the same. Relentless research and industry efforts are being made to
make the production of algae biofuel commercially and environmentally
sustainable.
Read
Report Overview @
Several
attractive characteristics of algae biofuel account for the rapid
evolution of the algae biofuel market. Promises of higher yield than
several of the currently used crop-based biofuels, high energy
content, rapid growth of the microorganism, and high biodegrability
are the factors that make algae biofuel production viable. Various
types of biofuels that can be obtained are bioethanol, biodiesel,
methane, jet fuel, bio-butanol, green diesel, and bio-gasoline.
The
analyses focus on evaluating the impact of the various key growth
dynamics on prospects of the global algae biofuel market. The study
sheds light on current lucrative opportunities and future course of
industry investments in this direction.
Global
Algae Biofuel Market: Trends and Opportunities
The
ever rising demand for fuels in various end-use industries, coupled
with the rising need for green and sustainable sources of energy, is
a key underpinning for the rapid evolution of the algae biofuel
market. Algae biofuel have emerged as increasingly promising in
meeting the global needs of fuels in low-carbon economy. Rapid
strides made by the transportation industry in various parts of the
world have imparted robust growth momentum to the algae biofuel
market. Several initiatives by governments in recent years in several
countries across the world have focused on the adoption of renewable
energy sources. The swelling demand for low-cost fuels for the
aviation sector is also a favourable trend in the algae biofuel
market.
However,
despite the large hype generated in recent years supported by
staggering funds invested by venture capitalists and industry
advocates, companies in the algae biofuel market are yet to achieve
the problem of scale. Hence, the commercial production of algae
biofuel still remains a dream for stakeholders. Nevertheless,
efforts are being made to realize mass microalgal cultivation, which
could open exciting frontiers in the algae biofuel market.
Global
Algae Biofuel Market: Regional Outlook
On
the regional front, developed regions, such as North America and
Europe, are in all likelihood expected to increasingly lucrative
markets for algae biofuels. Of note, numerous economies of Europe are
witnessing burgeoning demand for renewable fuels for transportation.
North America is yet another potentially lucrative region, fuelled by
several government initiatives to support research on the commercial
production of algae biofuels. Moreover, a number of start-up
companies in the region have made a foray in algae biofuel market and
are exploring new streams of revenue in near future.
Request
to view Sample Report:
Key
Players Mentioned in the Report
The
insights offered in the study highlight major research initiatives
and product development by various players to gain a better hold over
the algae biofuel market. Some of the prominent players with
substantial stakes in the global market are Solix Biofuels, Reliance
Life Sciences, Proviron, Origin Oils Inc., Sapphire Energy, Solazyme
Inc., and Blue Marble Production.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency
Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel:
+1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Comments
Post a Comment