Dallas, Texas -- ReportsnReports.com adds report Global Algae Biofuel Technologies Market 2014-2018 to its store. Analysts forecast the Governments in various countries including the US, Italy, China, Germany, and India have been funding biofuel projects, and have introduced incentives and subsidies to vendors that produce biofuels. For instance, the US has announced a stimulus package of US$100 billion to develop clean, alternative, and renewable technologies. The US Government has also introduced its Renewable Fuels Reinvestment Act, which proposes an extension of Volumetric Ethanol Excise Tax Credit, allowing a US$0.54 per gallon tariff on imported ethanol until December 2015. It has also introduced various tax credits to help improve the production of ethanol. The US Department of Energy has awarded US$151 million in funding to 37 biofuel-related projects under its Advanced Research Projects Agency-Energy program. Similar incentives are being introduced in other countries and this is one of the major trends which is expected to drive the Global Algae Biofuel Technologies market in the future.
Complete report is available at http://www.reportsnreports.com/reports/271278-global-algae-biofuel-technologies-market-2014-2018.html.
The Global Algae Biofuel Technologies Market 2014-2018 with a CAGR of 43.4 percent for the period 2013–2018. According to the report, one of the major drivers in this market is the increasing environmental awareness. The increase in pollution caused by fossil-based fuels is one of the major reasons for the increase in demand for alternative vehicle fuels. The ability of biofuels produced from algae to reduce environmental pollution significantly is in turn driving the growth of the Global Algae Biofuel Technologies market.
Further, the report states that one of the major challenges in this market is the high cost of production of algae biofuels. Second and third-generation biofuel feedstock such as algae and bacteria requires a high initial cost for its production. Apart from production costs, the companies involved in the production of biofuels from algae also incur the high costs of fuel conversion. This can have a negative impact on the growth of the market in the near term.
The report recognizes the following companies as the key players in the Global Algae Biofuel Technologies Market: Bayer MaterialScience LLC, Desmet Ballestra Group N.V., Georg Fischer Ltd., and Siemens AG.
A more specific breakdown of this report’s contents is below.
Overview of market share and landscape for the following key geographies:
• Africa and Middle East
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Overview and impact analysis of:
• 4 Market Drivers
• 4 Market Challenges
• 3 Market Trends
Vendor profile and SWOT Analysis for these vendors:
• Bayer Material Science LLC
• Desmet Ballestra Group N.V.
• Georg Fischer Ltd.
• Siemens AG
Five Force Model Impact Analysis of:
• New entrants
• Market competition
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Key questions answered in this report:
· What will the market size be in 2018 and what will the growth rate be?
· What are the key market trends?
· What is driving this market?
· What are the challenges to market growth?
· Who are the key vendors in this market space?
· What are the market opportunities and threats faced by the key vendors?
· What are the strengths and weaknesses of the key vendors?
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