China Automobile Bio Fuels Market - Market trend, Growth and Opportunities (2020 - 2025)

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The Bio Fuels are considered as Third-Generation fuels in the world. By 2020, biofuels will meet only 0.5-1% of total transport fuel demand in China by 2020. China has the highest population in the world and is one of the leading consumers of automobile fuels, despite of that China is dependent on conventional fuels and is not trying much to produce Bio Fuels. China produced 3.63% of world’s bio diesel in 2012. Bio Fuels industry in China will gain its momentum on account of increasing fuel consumption, continuous depletion of natural resources and economic strengthening. Production cost of B5 category Bio Diesel is very high in China. Bio Fuels production in the China has witnessed a CAGR of 25.7% over 2008-12 and consumption expanded at a CAGR of 25.6% over the same period. Bio fuel industry in China will expand at a CAGR of 5% over 2015-20.

China produces most of the bio diesel from used vegetable oil/kitchen oil. Due to high prices and low margin, Chinese companies were producing just enough quantity to fulfill the local needs. Latest announcement on Bio Fuels standards and Increase in fuel demand are helping the Bio Fuels sector growth in China.

What the report offers:

The study elucidates the situation of China and predicts the growth of its Automobile Bio-Fuel Industry. Report talks about growth, market trends, progress, challenges, opportunities, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Automobile Bio-Fuel sector of China. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types’ Automobile Bio-Fuel available in the country.

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