Posted in | News | Biofuels

Research and Markets Adds Report on Global Algae Biofuel Technologies to its Offering

Research and Markets has announced the addition of the "Global Algae Biofuel Technologies Market to 2018 with Bayer Material Science, Desmet Ballestra, Georg Fischer & Siemens Dominating" report to their offering.

The Global Algae Biofuel Technologies Market 2014-2018 with a CAGR of 43.4 percent for the period 2013-2018.

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.

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.

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.

Vendor profile and SWOT Analysis for these vendors:

  • Bayer Material Science LLC
  • Desmet Ballestra Group N.V.
  • Georg Fischer Ltd.
  • Siemens AG

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Geographical Segmentation

08. Buying Criteria

09. Market Growth Drivers

10. Drivers and their Impact

11. Market Challenges

12. Impact of Drivers and Challenges

13. Market Trends

14. Trends and their Impact

15. Vendor Landscape

16. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/blxsrx/global_algae

Source: http://www.researchandmarkets.com

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit