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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.
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.
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 -
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.
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.
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This is preliminary content. The table of contents is subject to change.
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
Competitive scenario
Market share analysis 2014
Other prominent vendors
PART 14: Key vendor analysis
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio
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