2024年中国生物柴油行业概览

Investment Rating - The report does not explicitly provide an investment rating for the biodiesel industry Core Insights - Biodiesel is recognized as a green renewable energy source that can directly replace petro-diesel, with significant potential for growth in China due to the push for carbon neutrality and peak carbon emissions [5][29] - The global biodiesel production and consumption have shown a growth trend, with 2023 figures at 960 thousand barrels and 1,013 thousand barrels per day respectively, indicating a balanced supply-demand situation [5][29] - The biodiesel market is expected to grow significantly, with projections indicating a market size of 36.49 billion yuan by 2028, reflecting a compound annual growth rate (CAGR) of 22.6% from 2023 to 2028 [6][29] Summary by Sections Current Status of the Biodiesel Industry - The biodiesel market is currently in a pilot phase in China, with increasing demand anticipated as applications expand [5][6] - Global biodiesel consumption is concentrated in Europe, Asia-Pacific, Canada, Mexico, and Brazil, with Europe accounting for 30.6% of total global consumption [5][6] Competition in the Biodiesel Market - The global biodiesel market is dominated by international companies, with major players including Neste Oil and ADM in the first tier, while China's market is fragmented with a CR5 of approximately 45% [6][24] - The second tier consists of large-scale Chinese biodiesel companies such as卓越新能 (Zhuoyue New Energy) and 嘉澳环保 (Jiaao Environmental Protection), while the third tier includes numerous small-scale enterprises [24][25] Market Size of Biodiesel - The biodiesel market in China is projected to grow from 7.2 billion yuan in 2019 to 13.2 billion yuan in 2023, with a CAGR of 16.4% [29] - The supportive policies from the government, such as the Renewable Energy Law and the "14th Five-Year Plan" for modern energy systems, are expected to drive market growth [29]