In 2023, the final consumption of petroleum coke in the industry in Denmark stood at 7.14 thousand terajoules. The forecasted data from 2024 to 2028 indicates a gradual increase:
• 2024: 7.23 thousand terajoules (1.26% increase from 2023)
• 2025: 7.32 thousand terajoules (1.25% increase from 2024)
• 2026: 7.40 thousand terajoules (1.10% increase from 2025)
• 2027: 7.49 thousand terajoules (1.22% increase from 2026)
• 2028: 7.57 thousand terajoules (1.07% increase from 2027)
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.17%, indicating a steady though modest increase in petroleum coke consumption in the industry sector.
Future trends to watch for include potential regulatory changes focused on reducing carbon emissions, which could impact petroleum coke usage, as well as advancements in alternative energy sources that could replace petroleum coke in industrial applications.