China E Fuel Market Size & Outlook, 2023-2050

The e fuel market in China is expected to reach a projected revenue of US$ 1,331,102.1 million by 2050. A compound annual growth rate of 19.6% is expected of China e fuel market from 2024 to 2050.
Revenue, 2023 (US$M)
$10,574.7
Forecast, 2050 (US$M)
$1,340,791.0
CAGR, 2024 - 2050
19.6%
Report Coverage
China

China e fuel market highlights

  • The China e fuel market generated a revenue of USD 10,574.7 million in 2023 and is expected to reach USD 1,340,791.0 million by 2050.
  • The China market is expected to grow at a CAGR of 19.6% from 2024 to 2050.
  • In terms of segment, ethanol was the largest revenue generating product in 2023.
  • E-Methanol is the most lucrative product segment registering the fastest growth during the forecast period.


E fuel market data book summary

Market revenue in 2023USD 10,574.7 million
Market revenue in 2050USD 1,340,791.0 million
Growth rate19.6% (CAGR from 2023 to 2050)
Largest segmentEthanol
Fastest growing segmentE-Methanol
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2050
Quantitative unitsRevenue in USD million
Market segmentationE-Diesel, E-Gasoline, Ethanol, E-Methane, Hydrogen, E-Methanol
Key market players worldwideArcher-Daniels Midland Co, Ballard Power Systems Inc, Ceres Power Holdings PLC, Hexagon Composites ASA, Neste OYJ, Clean Fuels Alliance America, Climeworks, EFUEL


Other key industry trends

  • In terms of revenue, China accounted for 8.5% of the global e fuel market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2050.
  • In Asia Pacific, China e fuel market is projected to lead the regional market in terms of revenue in 2050.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 305,213.6 million by 2050.

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E Fuel Market Companies

Name Profile # Employees HQ Website

China e fuel 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 e fuel market will help companies and investors design strategic landscapes.


Ethanol was the largest segment with a revenue share of 32.81% in 2023. Horizon Databook has segmented the China e fuel market based on e-diesel, e-gasoline, ethanol, e-methane, hydrogen, e-methanol covering the revenue growth of each sub-segment from 2018 to 2050.


In July 2022, the Chinese government set a target to reach renewable fuel capacity of 10 million tons by 2030. To reach this goal, the government has implemented a series of policies and incentives to promote the development and deployment of e-fuel technologies. For instance, the Renewable Energy Law provides financial incentives for the production of renewable fuels from biomass and waste.

In addition, the country is supporting active research & development of new technologies for the production of e-fuels. For instance, in April 2022, China invested USD 546.0 billion in the development of clean fuels in Wenling, Taizhou City. Such developments and investments taking place in the country are propelling the demand for e-fuels in the country over the forecast period.

Reasons to subscribe to China e fuel market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
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  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of China e fuel market databook

  • Our clientele includes a mix of e fuel market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the China e fuel market , including forecasts for subscribers. This country databook contains high-level insights into China e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.

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China e fuel market size, by product, 2018-2050 (US$M)

China E Fuel Market Outlook Share, 2023 & 2050 (US$M)

China e fuel market size, by product, 2018-2050 (US$M)

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