The forecast data for additives and oxygenates (excluding the biofuel portion) in the UK shows a decreasing trend from 2024 to 2028, starting at 44.89 Gigawatt-hours in 2024 and declining to 16.94 Gigawatt-hours by 2028. Given the repetition of these values, it indicates a consistent year-on-year reduction, highlighting a significant decrease in consumption.
As of 2023, exact data is not provided, but the forecasted CAGR over the next five years points to a sharp downward trend, noting the escalating shift away from non-biofuel oxygenates.
Future trends to watch for:
- Improved energy efficiency and technological innovation could further drive down consumption.
- Government regulations favouring biofuel and sustainable alternatives could accelerate this downward trend.
- The growth of electric vehicles could contribute to declining demand for fuel additives.