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Involvement in the algae biofuels industry shot up by companies 550% between 2005
and 2007, driven by environmental concerns and high crude oil prices. However, oil
prices have since declined, and the recent global financial crisis stymied many
industries. Currently there seems to be continued interest in algae biofuels, but the
industry is also plagued by excessive hype… So what is the near-term outlook for the
algae biofuels production technologies market?
One of the great benefits of algae as a feedstock is that it can be used to produce an
array of biofuels: algal oil, biodiesel, renewable diesel, aviation biofuel, renewable jet
fuel, biogasoline, ethanol, butanol, biomethane, and even hydrogen. Algae biofuels
production also involves a wide array of technologies, from genetically engineered
diatoms, green algae, and cyanobacteria; to open ponds or photobioreactors for
cultivation; centrifuges and presses for extraction; and refineries, fermenters, and
digesters for processing into fuels.
Because the market for algae biofuels production technologies is diverse, it is helpful to
break it down according to subsets of production technologies: cultivation technologies,
harvesting and extraction technologies, and algae biofuels production facilities. Through
2015, cultivation technology sales are expected to hold most of the total algae biofuels
production technologies market. The remaining market segments will be held by a
combination of harvesting and extraction and fuels production facilities, for a total
projected market value of over $1.6 billion in 2015. Starting at an estimated $271 million
market size for 2010, this increase is significant and underscores that this is a quickly
changing and evolving industry, expected to show an annual growth rate of nearly 43
percent.
Appendix: Contact Information for Select Suppliers to the Algae Biofuels Industry
and Technical Experts
Available immediately for Online Download at
http://www.marketresearch.com/product/display.asp?productid=2640167
US: 800.298.5699
UK +44.207.256.3920
Int'l: +1.240.747.3093
Fax: 240.747.3004