The final consumption of natural gas in the UK's chemical and petrochemical sector is forecasted to decrease from 2024 through 2028. Starting at 1.32 million tonnes of oil equivalent in 2024, the figures show a steady decline to 1.16 million tonnes by 2028. Compared to the actual figures in 2023, this marks a continuous downward trend. The year-on-year decrease averages approximately 3%, leading to a projected five-year CAGR of around -3%.

Future Trends to Watch For:

Shifts in natural gas pricing and availability that could impact consumption patterns.
Technological advancements driving efficiency and reducing dependency on natural gas.
Regulatory changes influencing cleaner energy adoption in the industrial sector.