The forecasted figures for paraffin waxes available for final consumption in France show a steady decline from 2024 to 2028, decreasing from 54.14 to 46.47 thousand tonnes of oil equivalent. In 2023, the actual consumption stood at 56.10 thousand tonnes of oil equivalent. The year-on-year percentage variation indicates an annual decrease, with a compounded annual growth rate (CAGR) over the five-year period showing a continuous downward trend. This decline suggests a shrinking demand or possible shifts towards alternative materials or energy sources.
Future trends to watch for include:
- Technology advancements and innovations in alternative materials.
- Changes in regulatory policies promoting sustainable and renewable resources.
- Potential shifts in consumer preferences towards eco-friendly products.
- Economic factors impacting industrial demand and production capabilities.
