The forecast for natural gas final consumption in the chemical and petrochemical sectors in Germany remains steady with an upward trend from 2024 to 2028. Starting from a value of 234.35 thousand terajoules in 2024, there is a modest increase to 241.1 thousand terajoules by 2028. This represents a compound annual growth rate (CAGR) indicative of steady growth throughout the period.
In 2023, consumption stood slightly below 234.35 thousand terajoules, reflecting a modest but consistent increase in utilization year-on-year. Key factors include a push towards industrial growth and potentially increasing demands within these energy-intensive sectors.
Future trends to watch include the impact of energy policies targeting sustainability and efficiency, which may influence consumption. Additionally, shifts in global energy prices and advancements in alternative energy sources could alter future consumption patterns in the chemical and petrochemical industries.
