China Biofuels Market Size & Outlook, 2024-2030
Global Report
Related Markets
China biofuels market highlights
- The China biofuels market generated a revenue of USD 6,021.7 million in 2023 and is expected to reach USD 13,609.5 million by 2030.
- The China market is expected to grow at a CAGR of 12.7% from 2024 to 2030.
- In terms of segment, gaseous biofuel was the largest revenue generating form in 2023.
- Liquid Biofuel is the most lucrative form segment registering the fastest growth during the forecast period.
Biofuels market data book summary
| Market revenue in 2023 | USD 6,021.7 million |
| Market revenue in 2030 | USD 13,609.5 million |
| Growth rate | 12.7% (CAGR from 2024 to 2030) |
| Largest segment | Gaseous biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Liquid Biofuel, Gaseous Biofuel |
| Key market players worldwide | Air Liquide SA, Archer-Daniels Midland Co, Bunge Global SA, Green Plains Inc, Petroleo Brasileiro SA Petrobras ADR, Chevron Corp, International Flavors & Fragrances Inc, Shell PLC, Wilmar International Ltd |
Other key industry trends
- In terms of revenue, China accounted for 6.1% of the biofuels market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biofuels market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,401.8 million by 2030.
In September 2017, the Government of China launched a new nationwide ethanol E10 (10% ethanol blending) mandate that was to achieved by 2020. After the implementation of this mandate, a substantial increase in ethanol consumption in the country was witnessed.
However, as high corn prices and stagnant ethanol prices eroded biofuel profit margins in the country, the Government of China unofficially abandoned its goal in 2019 as corn is the most important feedstock in ethanol industry of the country, followed by rice, cassava, and wheat.
Limited opportunities offered by China to ethanol exporters based in other countries of the world provided growth opportunities for domestic manufacturers to enhance their investments in biodiesel and ethanol production over the long term.
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Publish Date: Nov 27, 2025
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Chevron Corp | View profile | 45,600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | www.chevron.com |
| Archer-Daniels Midland Co | View profile | 41,802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | www.adm.com |
| Wilmar International Ltd | View profile | 100,000 | 28 Biopolis Road, Wilmar International, Singapore, Singapore, 138568 | www.wilmar-international.com |
| International Flavors & Fragrances Inc | View profile | 21,500 | 521 West 57th Street, New York, NY, United States, 10019-2960 | www.iff.com |
| Shell PLC | View profile | 100,000 | Shell Centre, London, United Kingdom, SE1 7NA | www.shell.com |
| Green Plains Inc | View profile | 921 | 1811 Aksarben Drive, Omaha, NE, United States, 68106 | www.gpreinc.com |
| Petroleo Brasileiro SA Petrobras ADR | View profile | 40,213 | Avenida Republica do Chile, 65, Rio de Janeiro, RJ, Brazil, 20031-912 | www.petrobras.com.br |
| Bunge Global SA | View profile | 23,000 | 1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017 | www.bunge.com |
| Air Liquide SA | View profile | 67,800 | 75, Quai d'Orsay, Paris, France, 75007 | www.airliquide.com |
China Biofuels Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Biofuels Market Outlook will help companies and investors design strategic landscapes.
Gaseous Biofuel was the largest segment with a revenue share of 53.48% in 2023.
Horizon Databook has segmented the China biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
In September 2017, the Government of China launched a new nationwide ethanol E10 (10% ethanol blending) mandate that was to achieved by 2020. After the implementation of this mandate, a substantial increase in ethanol consumption in the country was witnessed.
However, as high corn prices and stagnant ethanol prices eroded biofuel profit margins in the country, the Government of China unofficially abandoned its goal in 2019 as corn is the most important feedstock in ethanol industry of the country, followed by rice, cassava, and wheat.
Limited opportunities offered by China to ethanol exporters based in other countries of the world provided growth opportunities for domestic manufacturers to enhance their investments in biodiesel and ethanol production over the long term.
- China Biofuels Market Form Outlook (Revenue, USD Million , 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Gaseous Biofuel
- China Biofuels Market Product Outlook (Revenue, USD Million , 2018-2030)
- Biodiesel
- Ethanol
- Wood Pellets
- Other Product
- China Biofuels Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
- Corn
- Sugarcane
- Vegetable Oils
- Other Feedstock
- China Biofuels Market Application Outlook (Revenue, USD Million , 2018-2030)
- Transportation
- Aviation
- Energy Generation
- Heating
- Other Application
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Horizon Databook provides a detailed overview of country-level data and insights on the China Biofuels Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Biofuels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Biofuels Market, 2018-2030 (US$M)
China Form - Biofuels Market Statistics, 2023 - 2030 (Thousand TOE)
