DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d8gvvj/biofuels_market) has announced the addition of the "Biofuels Market in China 2015-2019" report to their offering.
The biofuels market in China to grow at a CAGR of 16.2% over the period 2014-2019.
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.
The biofuels market is highly driven by policies and mandates all across the globe. The biofuels market in China is mainly dominated by ethanol and there is a high preference for gasoline rather than diesel. Nine provinces in China have mandatory blending mandates of 10% ethanol. However, there is no government mandate on biodiesel blends or its use in transport or extensive support in encouraging biodiesel production.
According to the report, 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. The rapidly decreasing fossil fuel reserves have given rise to renewable biofuels. With research and development efforts worldwide, biofuels have slowly and gradually moved to large-scale commercialization, which can perform similarly to petrol and diesel in terms of performance.
Further, the report states that inadequate supplies of non-grain feedstock and arable land hindering the market growth.
To calculate the market size, the report considers the annual production of biofuels in China, which includes:
- Biodiesel and bio jet fuel
- 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
- ilin Fuel Ethanol
- Shandong Jinjiang Bio-energy Technology
- Tangshan Jin Lihai Biodiesel
- Zhenghe Bio Energy
For more information visit http://www.researchandmarkets.com/research/d8gvvj/biofuels_market