The global algae biofuel market size is expected to reach USD 17.94 billion by 2030, registering a CAGR of 10.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Depleting fossil fuel resources as well as rising awareness towards environment protection is expected to be the key factor for driving industry growth. Algae has the ability to offer 2 to 20 times...

Bio Fuel Market Overview The biofuel market consists of fuels derived from biological sources such as plants, algae, and organic waste. Biofuels serve as renewable alternatives to conventional fossil fuels and are primarily categorized into bioethanol, biodiesel, biogas, and advanced biofuels. These fuels are widely used in transportation, power generation, and heating applications. With...

The global energy landscape is evolving as the demand for cleaner and more sustainable energy sources continues to rise. Biofuels, derived from organic materials, have emerged as a crucial component in reducing greenhouse gas emissions and lessening reliance on fossil fuels. According to market projections, the biofuel market is expected to grow significantly, increasing from USD 267...