Forecast: Chemical and Petrochemical Sector Final Consumption of Non-Renewable Industrial Waste in Italy

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.

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