Forecast: Electricity Consumption in Manufacture of Raw Chemical Materials and Chemical Products in China

In 2023, electricity consumption in China's manufacture of raw chemical materials and chemical products was slightly lower than the forecasted value for 2024. From 2024 to 2028, there is a consistent upward trend in electricity consumption, indicating a year-on-year increase. Notable growth rates include: 3.16% from 2024 to 2025, 3.06% from 2025 to 2026, 2.97% from 2026 to 2027, and 2.88% from 2027 to 2028. The CAGR over the five-year forecast period is approximately 3.02%.

Future trends to watch for include:

  • Technological advancements that may enhance energy efficiency in chemical manufacturing processes.
  • Shifts in regulatory policies toward greener production techniques.
  • Economic factors and raw material availability affecting production scales.
  • Potential impacts of global and regional environmental policies on energy consumption intensity.

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