Forecast: Renewables and Biofuels Final Consumption in Non-Metallic Minerals Sector in the UK

The UK's non-metallic minerals sector saw actual renewables and biofuels consumption of 9.70 Thousand Terajoules in 2023. Forecasts for 2024 to 2028 indicate growth, with consumption increasing from 10.64 to 12.68 Thousand Terajoules. Year-on-year percentage growth from 2024 is expected between approximately 4.98% and 4.02%, demonstrating a consistent upward trend. The CAGR for 2024-2028 is projected at around 4.78%, indicating a robust average annual increase over this period.

Future trends to watch:

  • Technological advancements in renewable production efficiencies.
  • Government policy changes impacting renewable adoption rates.
  • Potential economic shifts affecting the non-metallic minerals sector overall demand.

Top Countries about Mineral