The final consumption of blended biodiesels in Austria's chemical and petrochemical sectors saw no significant usage from 2013 to 2014. Starting from 2015, consumption began at 0.021 GWh and remained stable through to 2020. A slight increase occurred in 2022, with consumption rising to 0.022 GWh, marking a 4.76% year-on-year increase and a five-year CAGR of 0.93%. By 2023, consumption stood steady at 0.022 GWh. Forecasts suggest a gradual increase to 0.025 GWh by 2028, translating to a five-year CAGR of 1.68% and an overall growth rate of 8.7%.
Future Trends to Watch:
- Advancements in biodiesel technology could further drive consumption.
- Policy changes promoting sustainable energy may boost the adoption rate.
- Potential fluctuations in fossil fuel prices could impact the attractiveness of biodiesels.