Biofuels Market in China 2015-2019

Market outlook of the biofuels market in China

Technavio’s market research analyst has estimated the biofuels market in China to show consistent growth during the forecast period. Cheap gasoline prices, strict government policies, and increasing number of passenger vehicles in China bolster the prospects for growth in this market and results in its healthy CAGR of more than 16% by 2019.

The rising need for cleaner fuel is a significant factor that drives growth in this market during the forecast period. Increasing depletion of fossil fuels, rising GHG emission levels, and volatile oil prices are examples of some critical factors that propel the adoption of biofuels in China. Since biofuels are similar to petrol and diesel in terms of performance, their large-scale commercialization is expected to result in market growth during the forecast period.

Segmentation by fuel type and analysis of the biofuels market in China

• Bioethanol
• Biodiesel and bio-jet fuel

In this market research report, Technavio market research analysts estimate the bioethanol segment to be the largest market segment during the forecast period. The growing preference for gasoline in this region has made ethanol the dominant biofuel in China. The presence of licensed refineries that produce ethanol using food and non-food crops is expected to result in this segment’s impressive market share of approximately 79% by 2019.

Competitive landscape and key vendors

Technavio’s market research analyst has observed that the market for biofuels in China is dominated by local or regional vendors. The large vendors in this market are expected to gain prominence with time as they have access to high capital resources and dedicated R&D funds.

Key vendors in this market are -

• Fujian Zhongde
• Henan Tianguan Enterprise Group
• Jiangsu Yueda Kate New Energy
• Longyan Zhuoyue New Energy
• Ningbo Tech-Bank

Other prominent vendors analyzed in this market research are Shandong Jinjiang Bio-energy Technology, Ltd., Gushan Environmental Energy, Jilin fuel ethanol, Zhenghe Bio Energy, Tangshan Jin Lihai Biodiesel, Jiangsu Hengshunda Bio-Energy, and Guangzhou Devotion Thermal Technology.

Growth drivers, challenges, and upcoming trends: Biofuels in China

Upcoming trends such as the advent of second and third generation biofuels are rapidly gaining popularity as they help to overcome the limitations of the first generation biofuels. Second-generation biofuels are produced using energy crops like algae as it provides high yield with lower resource inputs. The development of such fuels is expected to result in diverse feedstock options, which in turn will help to improve the performance and efficiency of biofuels.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the biofuels market in China. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the biofuels market in China?
• What are the key market trends impacting the growth of the biofuels market in China?
• What are the challenges to market growth?
• Who are the key vendors in the biofuels market in China?
• What are the market opportunities and threats faced by the vendors in the biofuels market in China?
• What are the key outcomes of the five forces analysis of the biofuels market in China?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Algae Biofuel Technologies Market 2014-2018