The consumption of biogases in the Chemical and Petrochemical sector in Germany has shown considerable variation from 2013 to 2023. The year-on-year changes show significant fluctuations, with notable increases in 2019 and 2022, and a dip in consumption in 2021. As of 2023, the sector consumed 961 Terajoules of biogases. The compound annual growth rate (CAGR) over the past five years stands at 17.89%, indicating substantial growth in recent years.
Looking forward, the forecast for the next five years (2024-2028) suggests a more moderate growth, with an expected CAGR of 1.95% and an overall increase of 10.13% by 2028. This suggests a stabilization in the consumption pattern after the rapid growth experienced in the preceding years.
Future trends to watch for:
- The impact of regulatory changes and environmental policies on biogas consumption.
- Technological advancements in biogas production and utilization.
- The role of sustainable practices and green energy initiatives in influencing market dynamics.
- Potential fluctuations in the petrochemical sector that may affect biogas consumption rates.
