The consumption of solid fossil fuels by the UK's non-metallic minerals sector is forecasted to decline steadily from 2024 to 2028, with values decreasing from 383.0 to 214.0 thousand metric tons. As this data is forecasted, no figures for 2023 are provided for direct comparison. Annually, the sector is expected to reduce its consumption by approximately 11%. Over the 5-year period, the compound annual growth rate (CAGR) reflects a significant downtrend.
Future trends to watch for:
- Increasing regulatory pressures and environmental standards could accelerate the decline in fossil fuel consumption.
- Technological advancements and substitution with alternative energy sources may play a crucial role in shaping future demand dynamics.
- Economic factors, such as energy costs and investment in greener technologies, will likely influence the sector's transition pace.