In 2023, Italy's chemical and petrochemical sector consumed a certain benchmark quantity of non-renewable industrial waste. The forecast from 2024 to 2028 shows a steady annual growth as consumption rises from 3.44 to 3.76 thousand terajoules. The year-on-year growth rate averages around 2.33% during this period, highlighting a consistent upward trend. The Compound Annual Growth Rate (CAGR) over these five years is estimated to be 2.33% as well.
Future trends to watch for include:
- Technological advancements in waste recycling and reuse could mitigate consumption of non-renewable resources.
- Regulatory changes promoting sustainability might impact waste utilization patterns.
- Market shifts towards renewable resources in chemical and petrochemical manufacturing.