In 2023, Norway led Europe in renewable and biofuel consumption by the chemical and petrochemical sector, followed by France and Germany. Significant growth was observed in countries like Ukraine, Macedonia, and Serbia, while Finland, Greece, and the Netherlands faced declines. Norway's usage climbed by 29.67%, whereas Greece saw a 31.63% reduction. Over the last five years, the sector's shift towards renewable and biofuel consumption depicts slow yet steady advancement, with varied performances across countries. A diverse year-on-year growth rate highlights the uneven adoption of renewables within Europe.
Future trends to consider include:
- The influence of EU regulations pushing for sustainable energy.- The potential effects of political and economic factors on energy transition.- Technological advancements that may drive growth in renewable resource usage.- Varied national strategies in renewable energy adoption and their impact on sectoral demand.
Top countries in Chemical and Petrochemical Sector Final Consumption of Renewables and Biofuels by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 177.25 | 2023 | +9.65% | +29.67% | View data |
| 2 | 2 France | 117.33 | 2023 | +2.86% | +10.21% | View data |
| 3 | 3 Germany | 83.99 | 2023 | +2.55% | +3.91% | View data |
| 4 | 4 United Kingdom | 67.38 | 2023 | +6.35% | +12.28% | View data |
| 5 | 5 Austria | 50.51 | 2023 | +5.04% | -0.59% | View data |
| 6 | 6 Sweden | 39.81 | 2023 | -0.035% | +24.5% | View data |
| 7 | 7 Slovenia | 20.16 | 2023 | +2.86% | +2.81% | View data |
| 8 | 8 Serbia | 20.05 | 2023 | +22.99% | +29.48% | View data |
| 9 | 9 Denmark | 17.83 | 2023 | +13.37% | +19.89% | View data |
| 10 | 10 Lithuania | 15.02 | 2023 | +2.75% | +2.42% | View data |
