Report: algae biofuels technologies market at $1.6B in 2015

By MarketResearch.com | July 18, 2012

MarketResearch.com has announced the addition of the new report “SBI Bulletin: Algae Biofuels Technologies - Global Market and Product Trends 2010-2015,” to its collection of market reports.

The primary factors for algae biofuels technology market growth include trends in the prices and commodity markets for fossil fuels, regulatory support and incentives available to the algae biofuels industry for industry growth, growing investment in the algae biofuels industry, and contemporary industry activity focused around reducing the operational and capital costs associated with algae biofuels production. The potential of algae biofuels technology markets is greatly determined by ongoing trends in technology pricing and industry trends. These include algae biofuels industry development, trends in investment into the algae biofuels industry, technology research and development, project financing trends, biofuels production facility construction rates, biofuels crop demand, and petroleum demand.

Algae biofuels companies must gauge the prospects of their technology under development or value of their algae biofuels projects through market and product trends. This SBI Bulletin outlines pertinent trends affecting the real and prospective value of algae biofuels (along with the associated technologies) compared to alternative biofuels and petroleum.

The primary factors that affect the size and growth of algae biofuels technology markets can be categorized as industry factors relating to investment, technological advancement and business development or market factors that spur demand for algae biofuels. These have been buoyed by various factors including public and private R&D, industry investment from the public sector and other industries, fossil fuel prices, and general regulatory support for biofuels. These factors combine to indicate a total global market for algae biofuels technologies with double-digit growth potential over the short-term future for a projected annual average growth of 43.1 percent that will lead the market volume from $271 million in 2010 to $1,627 million ($1.6 billion) in 2015. 

 

 
 
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