The final consumption of biogases in Belgium's chemical and petrochemical sector exhibited fluctuating trends from 2013 to 2023, with a notable dip from 2013 to 2015 and stabilization at around 200 Terajoules (TJ) until 2019. A discernible uptrend began in 2020, elevating the consumption to 266 TJ by 2023. Recent variations indicate a gradual recovery with year-on-year changes of 3.6% and 2.7% over the last two years. The Compound Annual Growth Rate (CAGR) over the past five years stands at approximately 5.87%, demonstrating steady growth momentum.
Future trends to watch for:
- Anticipated CAGR of 1.92% from 2024-2028 suggests moderate growth.
- Potential for technological advancements and policy incentives to bolster the sector's adoption of biogases.
- Awareness of sustainability efforts may influence upward trends in biogas consumption.
