The final consumption of gas oil and diesel oil in the chemical and petrochemical sectors in Germany is projected to increase steadily from 2024 to 2028, rising from 3.48 to 3.88 thousand terajoules. In 2023, the consumption stood at 3.38 thousand terajoules. The year-on-year growth rate from 2023 to 2024 is approximately 2.96%, with similar annual increases forecasted through 2028. The compound annual growth rate (CAGR) from 2024 to 2028 averages around 2.73%.
Future trends to watch for include:
- The impact of regulatory changes aimed at reducing fossil fuel dependency.
- Technological advancements in chemical and petrochemical manufacturing processes.
- The influence of economic fluctuations on industrial energy consumption patterns.
- Potential shifts towards more sustainable or alternative energy sources within the sector.
