By 2023, solid biofuels consumption in Italy's iron and steel sectors was approximately 0.15 Terajoules. The forecast from 2024 to 2028 shows a steady annual increase in consumption, starting at 0.17 Terajoules in 2024 and reaching 0.25 Terajoules by 2028. Each year sees a growth of about 11.76%, with the compound annual growth rate (CAGR) over five years averaging around 10.26%.
Future trends to watch for include technological advancements enhancing biofuel efficiency, and policy shifts favoring renewable energy. Fluctuations in traditional energy prices may also influence biofuel adoption rates. Additionally, environmental regulations could drive further increases in consumption.
