Frequently Asked Questions:
COVID-19 has had a substantial impact on the market due to the outbreak of the COVID-19 pandemic. The disruption of supply chains caused production activities to be disrupted in several countries, negatively impacting algal biofuels.
North America accounted for the most heightened share in the global algae biofuel market.
Increasing demand for renewable fuels, rising petrol and diesel prices, and increasing inclination towards eco-friendly lifestyles characterized by fewer or no adverse environmental and health effects.
The green diesel segment had a major share in the global market in 2021.
The transport segment had a major share in the global market.