Forecast: Heat Final Consumption in Chemical and Petrochemical Sectors in Germany

In 2023, heat final consumption in the chemical and petrochemical sectors in Germany stood at 2.62 million tonnes of oil equivalent. The forecast for the period from 2024 to 2028 shows a gradual increase from 2.66 to 2.84 million tonnes, signifying modest annual growth. The year-on-year percentage variation suggests incremental growth: 1.50% in 2025, 1.85% in 2026, 1.45% in 2027, and 1.79% in 2028. The compound annual growth rate (CAGR) over these five years reflects a steady but slow rise in consumption.

Future trends to watch for include:

  • The impact of energy efficiency policies and sustainable practices in the chemical and petrochemical sectors.
  • The influence of renewable energy sources on reducing traditional heat consumption.
  • Technological advancements and innovations in production processes that may lead to either increased efficiency or greater energy demand.
  • Economic factors, including shifts in demand and global market dynamics, affecting the industry's energy usage patterns.

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