The primary solid biofuels final consumption in the UK's chemical and petrochemical sectors is projected to grow steadily from 2024 to 2028, starting at 354.78 GWh in 2024 and reaching 444.36 GWh in 2028. This represents a cumulative average growth rate (CAGR) of approximately 5.7% over the next five years. Between 2024 and 2025, the consumption is expected to rise by 6.5%, and between 2025 and 2026, the increase is projected at 6%, indicating a consistent upward trend in the utilization of solid biofuels.
Future trends to watch include:
- Potential regulatory changes in the UK's energy and environmental policies.
- Advancements in biofuels technology influencing consumption rates.
- Fluctuations in chemical and petrochemical market demand impacting energy needs.
