Global Marine Biotechnology Market 2018-2022: Increasing Demand for Biofuels Driving Market Growth

News provided by

Research and Markets

15 Jan, 2018, 15:45 GMT

DUBLIN, Jan. 15, 2018 /PRNewswire/ --

The "Global Marine Biotechnology Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global marine biotechnology market to grow at a CAGR of 7.15% during the period 2018-2022.

Global Marine Biotechnology Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver in the market is increase in demand for biofuel. There has been a constant increase in demand for energy across the world. The major source of energy has been fossil fuels. The scarcity of fossil fuels, the need for energy protection, the rising prices of petroleum-based fuels, and global warming have increased the focus on renewable energy sources such as solar, wind, tidal, hydro, and biomass.

Different biomass from various sources such as forests, agricultural, and aquatic are being considered as feedstock to produce several biofuels such as biodiesel, bioethanol, biohydrogen, bio-oil, and biogas.

One trend in the market is increasing investments in R&D. the global expenditure in R&D has increased in the last 10 years. From $522 billion in 1996, it has increased to approximately $1.3 trillion by 2009. In 2013 the global spending in R&D was between $1.2 trillion and $1.5 trillion.

With the economies of developing countries growing faster than the economies of developed countries, the number of research facilities and industries that will be established in developing countries is expected to increase during the forecast period.

Market trends

  • Increasing concern about climate change
  • Increasing investments in R&D
  • Increasing application of seaweeds in various products

Key vendors

  • BASF
  • CP Kelco
  • Cyanotech
  • SEPPIC

Other prominent vendors

  • AkerBiomarine
  • Archer Daniels Midland
  • Glycomar
  • Marine ingredients
  • Marshall Marine Products
  • Sea Run Holdings

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Segmentation By Application

Part 09: Segmentation By Geography

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/nb5cbr/global_marine?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Related Links

http://www.researchandmarkets.com