The forecasted data indicates a steady decline in heat final consumption in the chemical and petrochemical sectors in the UK from 2024 to 2028. In 2023, the heat consumption stood at 7.37 thousand terajoules. Year-on-year, there is a noticeable decrease: 7.6% from 2024 to 2025, 8.2% from 2025 to 2026, 8.6% from 2026 to 2027, and 9.4% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 reflects a sustained downward trend, averaging a decline of approximately 8.5% annually.

Future trends to watch for include:

The impact of innovation in energy efficiency contributing to reduced heat consumption.
Potential shifts toward sustainable and renewable energy sources within the sector.
Regulatory changes that might accelerate the decline in heat consumption.
Global market dynamics influencing domestic chemical and petrochemical industries.