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.