Biofuels Market in China to grow at a CAGR of 16.2% over the period 2015-2019: MarketResearchReports.Biz

MarketResearchReports.Biz has announced addition of new report “Biofuels Market in China 2015-2019″ to its database.

About biofuels market in China

The continuous growth in the population has led to increased power consumption in the production and transportation sectors. As a result, there is a rise in the level of pollution and GHG. China accounted for 23% of the global energy consumption in the year 2014 according to BP. Over-dependence on coal and oil for power generation and volatile oil prices have increased the energy insecurity of the nation. Energy insecurity along with the rising pollution levels has forced the Chinese government to focus on changing its energy mix. To combat this issue, the government is investing heavily in the renewable sector. In 2014, $83 billion was invested in renewable energy, out of which the investments in solar and wind power held the first and second position, followed by biofuels and biomass. China has increased its investments in the renewable energy sector consecutively for the past 10 years to achieve its goal of meeting 15% of its energy needs through renewable energy and increase its biofuels usage for transportation energy needs to 15% by the year 2020.

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Technavios analysts forecast the biofuels market in China to grow at a CAGR of 16.2% over the period 2014-2019.

Covered in this report

This report covers the present scenario and the growth prospects of the biofuels market in China for 2015-2019. To calculate the market size, the report considers the annual production of biofuels in China, which includes:
Bioethanol
Biodiesel and bio jet fuel

Technavios report, Biofuels Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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

Other prominent vendors
Guangzhou Devotion Thermal Technology
Gushan Environmental Energy
Jiangsu Hengshunda Bio-Energy
Jilin Fuel Ethanol
Shandong Jinjiang Bio-energy Technology
Tangshan Jin Lihai Biodiesel
Zhenghe Bio Energy

Key market driver
Increased consumption due to blend mandates in provinces
For a full, detailed list, view our report

Key market challenge
Inadequate supplies of non-grain feedstock and arable land
For a full, detailed list, view our report

Key market trend
Heavy investments in renewable energy sector
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 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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