The consumption of primary solid biofuels in the UK non-metallic minerals sector is projected to rise steadily from 2024 to 2028. In 2023, the sector's consumption stood at 8.23 thousand terajoules. Forecasted values show a consistent increase, with a year-on-year growth rate of roughly 4-5%. The compound annual growth rate (CAGR) over this five-year period is expected to be around 4.5%, indicating a growing reliance on biofuels in this sector as part of the UK's efforts to enhance sustainability and reduce carbon emissions.
Future trends to monitor include advancements in biofuel technology, potential policy changes promoting renewable energy sources, and fluctuations in fossil fuel prices, which could further incentivize the shift towards biofuels. Additionally, global geopolitical events and trade agreements may impact the availability and cost of primary solid biofuels.
