A new Technavio market research report offers biofuels market segmentation by fuel type and includes sectors like bioethanol and biodiesel/bio-jet fuel. It also offers a detailed analysis of the key vendors in this market, including Fujian Zhongde, Henan Tianguan Enterprise Group, Jiangsu Yueda Kate New Energy Co., Longyan Zhuoyue New Energy Co., and Ningbo Tech-Bank Co.
Technavio has released updated information on the biofuels market, with the publication of its new report, biofuels market in China. The biofuels market in China is estimated to exhibit consistent growth during the forecast period and is heavily influenced by factors like the introduction of stringent government mandates and the recent increase in passenger vehicles. These factors incite market growth during the forecast period and results in its striking CAGR of more than 16% by 2019.
“Thanks to the recent shift in the consumers’ preference towards cleaner fuels, the market for biofuels in China has a very positive outlook during the forecast period. The increasing depletion of conventional fossil fuels, and increasing GHG emission levels and volatile oil prices have given rise to the need for fuels, which are more efficient and cleaner. Since these fuels require little or no modifications to the engine, their increasing applicability in vehicles is expected to result in market growth during the predicted period,” says Navin Rajendra, Lead Analyst, Energy, Technavio research.
An interesting trend in this market is the rise in popularity of the second and third-generation fuels. These fuels are produced using specially engineered energy crops like algae and provide higher yields with lower resource inputs. The development of second and third-generation fuels has led to diverse feedstock options, which moves away from the conventional food related feedstock and improves the performance of biofuels using better technology.
This market is highly competitive and is primarily dominated by large vendors like Fujian Zhongde, Henan Tianguan Enterprise Group, Jiangsu Yueda Kate New Energy Co., Longyan Zhuoyue New Energy Co., and Ningbo Tech-Bank Co. The large vendors in this market are expected to gain maximum market prominence as they have access to high capital resources and dedicated R&D funds. This report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. There are many key drivers, challenges, and opportunities that are discussed in detail.
A more detailed analysis is available in the Technavio report China Power Biofuels Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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