The chemical and petrochemical sector in Austria has shown significant fluctuations in the final consumption of biogases over the past decade. Starting from 418.51 terajoules in 2013, the sector peaked at 760.3 terajoules in 2017, followed by a sharp decline to 254.15 terajoules in 2020. A subsequent recovery brought the consumption to 550.16 terajoules in 2023. The year-on-year variation in 2023 was 10.74%, while the last two years saw a steady average growth with a CAGR of 13.67%.
Looking ahead to 2028, the forecasted figures suggest a moderate increase with an anticipated average annual growth rate (CAGR) of 2.15%, translating to a 11.23% total growth over the next five years. Future trends to watch for include the potential impact of regulatory changes, technological advancements in biogas production, and shifts in market demand driven by sustainability initiatives and energy transition strategies. Keeping an eye on these factors will be crucial for stakeholders aiming to capitalize on emerging opportunities in the biogases sector.