In the UK, the forecast for blended biogasoline gross inland consumption from 2024 to 2028 shows a consistent increase, with an expected growth from 5.52 to 7.68 thousand tonnes of oil equivalent. The annual growth rates from 2024 onward indicate an average increase of about 10% to 12% each year. By 2028, the cumulative five-year compound annual growth rate (CAGR) is anticipated to reflect robust and steady expansion in this sector. In 2023, the consumption stood at a lower point, marking the beginning of this forecasted upward trend.
Future trends to watch for include:
- Innovations in biogasoline production technology, potentially enhancing efficiency and lowering costs.
- Policy shifts favoring renewable energy usage and setting higher emissions reduction targets, likely further boosting demand.
- Market responses to consumer preferences shifting toward more sustainable energy sources.
