In Germany's chemical and petrochemical sectors, fossil energy final consumption forecasts show a consistent decline from 2024 to 2028, starting at 9.74 million tonnes of oil equivalent in 2024 and decreasing to 8.57 by 2028. This decreasing trend corresponds to a year-on-year average reduction of 3.25%.
Looking ahead, the fossil energy sector is likely to be shaped by several key trends:
- Increasing regulatory pressure to reduce carbon emissions, potentially accelerating the shift to renewable energy sources.
- Technological advancements in energy efficiency and process optimization within sectors dependent on fossil fuels.
- Market dynamics influenced by geopolitical factors and price volatility of oil and natural gas impacting supply and demand.